Currency Forecast

After breaking the December trendline and compressing near recent lows, we explore the potential for further losses in line with a weekly bearish reversal candle.

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The first quarter of 2018 has officially drawn to a close and there have been some big swings in currencies over the last 3...

As we head towards the long weekend, price action has proven to be fickle due to end of month/quarter flows. But that doesn’t mean opportunities won’t be around the corner.Throughout...

The Canadian dollar continues to trade quietly. In the Thursday session, USD/CAD is trading at 1.2905, down 0.14% on the day. On the release front, Canada releases the monthly GDP report and the Raw...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar traded higher against all major currencies Wednesday but USD/JPY was hands down the best performer. It's easy to...

The Canadian dollar is trading sideways in the Wednesday session. Currently, USD/CADis trading at 1.2877, down 0.11% on the day. On the release front, there are no Canadian indicators for a third...

The Canadian dollar has posted gains in the Tuesday session. Currently, USD/CAD is trading at 1.2881, up 0.30% on the day. On the release front, there are no Canadian indicators. In the U.S., CB...

China, Central Banks Weigh On USDThe US dollar is on course to get clobbered by two serious heavy weights: China and global central banks. China has launched oil futures contracts denominated in yuan,...

The Canadian dollar is trading sideways in the Monday session. Currently, USD/CAD is trading at 1.2891, down 0.04% on the day. On the release front, there are no data releases in Canada or the U.S....

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Three central-bank rate decisions and a long list of important data were completely overshadowed by trade tensions this past...

The Canadian dollar has posted small gains in the Friday session. Currently, USD/CAD is trading at 1.2919, down 0.14% on the day. On the release front, it’s a busy day on both sides of the...

After much publicity, the U.S. administration announced $60 billion of tariffs for Chinese goods. China was quick to respond with a 25%-revenge-tax on U.S. pork products (and 15% on U.S. steel pipes,...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Currencies and equities extended their losses Thursday as the U.S. prepares to take on China in what could spiral into a very...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The Federal Reserve raised interest rates by 25bp today but instead of rallying the U.S. dollar sold off across the board....