Currency Forecast

Key resistance held following Powell’s testimony and USD/CAD is now trying to extend its bearish trend, in line with our core view. Going into Wednesday, it looked equally balanced between a...

With Fed minutes, Powell’s testimony and a BoC meeting, it should make for a lively session for traders, with USD/CAD finding itself caught in the crossfire. Starting with volatility (lower...

Swiss francKathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup July 9, 2019In the next 24 hours, there are 3 major event risks that could change the course for...

The Canadian dollar has continued to gain traction and remains the strongest performing major this month, and has AUD/CAD on the back ropes just above the 2018 lows. EUR/CAD posted a weekly close...

Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup July 8, 2019U.S. dollar bulls remain in control with the greenback extending its gains against all of the...

Friday’s U.S. nonfarm payrolls data revealed that jobs growth—a central cog in this economy’s longevity and a fundamental catalyst for the longest bull market on record—is...

The Canadian dollar rose 0.34 percent on Wednesday. The U.S. market closed early to start the July 4th celebrations, but the U.S. dollar is on the back foot as the ADP (NASDAQ:ADP) came in lower than...

Fundamental AnalysisThe pound is currently suffering against the U.S. dollar, and three reasons explain this: The BoE Governor pessimistic about the economy Yesterday, Bank of England Governor Mark...

The Canadian dollar rose 0.1 percent against the U.S. dollar on Tuesday. The Canada Day holiday had put the loonie in a vulnerable spot as the G20 wrapped up with U.S. President Donald Trump and...

Bitcoin, the world's largest crypto currency by market cap, is falling for the fourth straight day. As of 5:00 EDT today its total loss for the period is around -20%, prompting some to call the slide...

While we retain our core bearish view, a few indications point towards a corrective bounce before the dominant trend resumes. Net-short exposure on CAD futures was reduced by -23.3k contracts and...

Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup July 1, 2019The G20 summit ended with a trade truce between the U.S. and China. President Trump and...

The yuan is enjoying a relief rally after the Trump-Xi meeting put further tariffs on hold, even if the path to a trade deal is no clearer than it was before. The USD/CNY fell 0.33%, but the renminbi...

Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup June 28, 2019All of the major currencies either held onto or extended their gains on Friday on trade-talk...