Big fluctuations of yuan unlikely

The exchange rate of the yuan weakened to a five-month low against the US dollar on Friday, but analysts said they did not expect Chinese authorities to use depreciation...

EUR/USD and GBP/USD Forecast – 21 June 2018

EUR/USD The EUR/USD pair has been very choppy during the trading session on Wednesday as we continue to see a lot of interest near the 1.1550 level. I believe that...

Today’s Trades 06.21.2018 USDJPY, USDCHF, EURGBP, NZDJPY

by Kathy Lien *Good morning/afternoon everyone!* The U.S. dollar is trading lower against all of the major currencies this morning as the profit taking on long U.S. dollar positions continue. Another...

Turkey’s plunge into a currency abyss yet again

The Turkish lira lost one-fifth of its value since last year and two-thirds since 2016. And despite the recent attempt by Turkey’s central bank to raise one of its...

Never Drink at a Vegas Table

by Boris Schlossberg Molly’s Game is a movie that has nothing to do with the markets, but every trader should see it, for this one scene alone. The movie centers around...

USD/JPY and AUD/USD Forecast – 21 June 2018

USD/JPY The US dollar has initially pulled back against the Japanese yen but turned around to rally again. It looks as if the market is getting ready to have a...

AUD/USD Forex Signal – 20 June 2018

Yesterday's signals were not triggered as the price became established below the support level at 0.7375 before the New York open, while the bearish price action took place a...

Will BoE Put a Bid in Cable?

Market Drivers June 21, 2018 Dollar well bid across the board SNB stays pat Nikkei 0.61% Dax -0.04% Oil $65/bbl Gold $1263/oz. Bitcoin $6760 Europe and Asia: CHF SNB -0.75% North America GBP BOE 7:00 USD Philly Fed 8:30 The dollar...

Dollar rises to mid-110 yen on Powell’s statement, robust stocks

The U.S. dollar rose to the mid-110 yen range Thursday morning in Tokyo, underpinned by Federal Reserve Chairman Jerome Powell's statement that the U.S. central bank will continue raising...

Deutsche Bank fined $205 million for currency manipulation

NEW YORK (AP) — New York regulators are slapping a $205 million fine on Deutsche Bank, following allegations that traders at Deutsche manipulated the foreign exchange market for years. Deutsche...

USD/JPY and AUD/USD Forecast – 20 June 2018

USD/JPY The US dollar initially fell against the Japanese yen as it was announced that there were an additional $200 billion of tariffs being planned against the Chinese by the...

Today’s Trades 06.20.2018 AUDUSD, EURUSD, CHFJPY, AUDNZD

by Kathy Lien *Good morning/afternoon everyone!* While the U.S. dollar is trading higher against most of the major currencies this morning, the moves are relatively modest. Equities have stopped falling and...
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