Currencies and Forex Analysis & Opinion

Key Points: USDCAD forms bullish flag on 1-hr chart. RSI Oscillator declines from overbought territory. Market largely underestimating risk of US FOMC rate hike. The USDCAD pair has been under...

The Canadian dollar was slightly lower on Monday as the post U.S. nonfarm payrolls (NFP) boost for the dollar kept going strong.A weaker than expected Canadian building permits did the loonie no...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. It’s August and the dog days of summer are here and in recent years we have learned that the summer heat can fire up...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Friday’s unambiguously strong nonfarm payrolls report sent the U.S. dollar soaring against all of the major currencies....

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Thursday's big story was the British pound and the Bank of England’s decision to combine a 25bp rate cut with a 60...

The Canadian dollar benefited from stronger oil prices that rebounded after the U.S. inventories of gasoline surprised with a higher than expected drawdown. There are still concerns as that same...

Key Points: Bullish channel is now in place. Upside bias in the EMA activity and Parabolic SAR readings. Breaking the 1.3147 resistance is now key. After unexpectedly punching through support last...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. We’ve had a quiet start to a busy trading week for the currency market. The U.S. dollar moved higher against most major...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Taking a look at the day-to-day change in the U.S. dollar, it may seem that there was very little consistency in the performance...

The Canadian dollar started the trading week on the wrong foot after oil futures dropped with the prospect of further drilling in the U.S. to add to the already oversupplied market. With few economic...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. It was a quiet day in the foreign-exchange market with the U.S. dollar trading lower against most major currencies. The only...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.This was a strong week for the U.S. dollar. The greenback traded higher against all of the major currencies despite the lack of...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The primary focus Thursday for FX traders was the European Central Bank’s monetary policy announcement, which failed to...

Key Points: Reversal likely at the strong zone of resistance around the 1.3129 level. Triangle or Rising Wedge pattern could cap upside potential going forward. May low could be challenged again in...