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By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.No bulls were in sight Monday as the U.S. dollar traded lower against all of the major currencies. Softer U.S. data may finally...
The Canadian dollar is trading sideways in the Monday session. Currently, USD/CAD is trading at 1.3019, down 0.13% on the day. On the release front, it’s a quiet start to the week. Canada...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.USD/JPY defied fundamentals on Friday, hitting a 7-week high above 112. The greenback strengthened against all of the major...
The Canadian dollar is unchanged in the Friday session. Currently, USD/CAD is trading at 1.2997, down 0.01% on the day. In the U.S., the focus is on consumer spending data. Core retail sales and...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Investors sent EUR/USD to its highest level this month on the back of the European Central Bank’s monetary policy...
The pound sterling has been holding steady, even after the BoE held interest rates this morning. As well, the central bank indicated that its August guidance remains on track. Future rate hikes will...
On Aug. 30 we warned of a potential bullish reversal for GBP/CAD. Having since confirmed the double bottom and moved higher, our focus reverts to its longer-term bearish trend.We can see on the daily...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Thursday is a big day for euro and sterling. There are 2 monetary policy announcements on the calendar and the U.S. consumer...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.It was an extremely volatile day for sterling. Taking a look at how GBP/USD traded on an intraday basis, there were at least 3...
September is a busy month in the Forex market where economic performance and monetary policy divergences is becoming very apparent.Last week we had the Reserve Bank of Australia and Bank of Canada...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The trade war is back and investors don’t like it. The U.S. dollar traded higher against all of the major currencies...
The Canadian dollar has inched higher in the Friday session. Currently, USD/CAD is trading at 1.3124, down 0.14% on the day. On the release front, the focus will be on employment indicators on both...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.This Friday’s nonfarm payrolls report is very important with a Federal Reserve rate hike expected later this month. The...
Yesterday, at 9AM EDT the pound sterling jumped over 1 full percent within 60 minutes, its biggest one-hour advance of the year. The surge was propelled by reports that Germany is prepared to...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Except for two very brief periods of volatility, it was an extremely quiet day in the forex market. The greenback reversed from...