Currency Forecast

With markets expecting the Bank of Canada to hike in October, today's CPI data from Canada is a core focus for markets. We take a look at USD/CAD, GBP/CAD and NZD/CAD daily charts to highlight key...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.With the Dow Jones Industrial Average rising more than 400 points, it was a great day for currencies. All of the major...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.After a one day reprieve, investors returned to buying U.S. dollars. The greenback is on a tear, rising to fresh 1-year highs...

CAD ‘bulls’ are looking to the crosses for some early week wins, especially GBP (£1.6766) and EUR (€1.4980) and will avoid the pain of the long dollar positions in this...

The US dollar keeps gaining ground amid mounting geopolitical uncertainty, as investors increasingly look at the greenback as a trade for all seasons.Since trade worries first took hold of the global...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The meltdown in the forex market on Friday is a reminder of why you shouldn’t be sleeping at the wheel in the month of...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.These days, all of the action in the forex market seems to be driven by the moves in Asia. On Tuesday night, the Japanese yen...

The first week of August was a fairly good one for the US dollar.The greenback appreciated against all of the major currencies with the exception of the Swiss franc, Australian and Canadian dollars....

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar appreciated against all of the major currencies today except for the Japanese yen. Better-than-expected jobless...

I am riding the long U.S. dollar index (DXY) trade based on two simple drivers: 1) a U.S. Federal Reserve pacing for four rate hikes in 2018, and 2) an expanding trade war, especially against China,...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The rally in the U.S. dollar fizzled following the Federal Reserve’s monetary policy announcement. The decline in the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Of all the central bank monetary policy announcements this week, the outcome of the Federal Reserve’s will be the least...

The Canadian dollar is showing little movement in the Tuesday session. Currently, USD/CAD is trading at 1.3042, up 0.05% on the day. On the release front, Canada releases its monthly GDP report, which...

The Canadian dollar is showing little movement in the Monday session. Currently, USD/CAD is trading at 1.3047, down 0.06% on the day. There are no Canadian indicators on the schedule. In the U.S.,...