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Tag Archives: Eurozone Outlook

Currencies Wobble Ahead of Biden’s Stimulus Proposal

Currencies Wobble Ahead of Biden’s Stimulus Plan Announcement Daily FX Market Roundup 01.13.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management It may not be long before we see more significant profit taking in equities and currencies. The signs are there – stocks hover near record highs but are struggling to extend their gains. Equities consolidated for the fifth straight day but currencies and Treasury yields are beginning to sell-off. In fact the beginning of...

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For Market Suddenly Inflation Matters

Equities wobble slightly in EU FX subdued Nikkei 1.04% Dax -0.12% UST 10Y 1.11 Oil $53 Gold $1854/oz. BTCUSD $35000/oz. Asia and the EU EUR EU IP 2.5% vs 0.2% US USD CPI 8:30 It’s been a subdued day in the markets with both FX and equities treading water in Asian and early European dealing but the tilt was towards risk off flows as the dollar gained marginally and equities drifted slightly lower. There was little meaningful news flow in the day with just EU Industrial Production on the...

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Euro Unfazed by Merkel’s Threat of 10 Weeks of Lockdown

Euro Unfazed by Merkel’s Threat of 10 Weeks of Lockdown Daily FX Market Roundup 01.12.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The resilience of euro is remarkable. The single currency ended the day higher against the US dollar and Japanese Yen despite German Chancellor Merkel’s warning that the lockdown may last for 8 to 10 weeks if the numbers don’t improve. She reportedly told her conservative party counterparts that “If we don’t manage to hold off...

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Dollar Rally Gains Momentum in New Trading Week

Dollar Rally Gains Momentum in New Trading Week Daily FX Market Roundup 01.11.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management As we kick off the second week of January, the greenback extended its gains against all of the major currencies. Despite the first month of job losses in April, the uptick in manufacturing and service sector activity combined with the jump in wages last month renewed demand for US dollars. Vaccine optimism is going a long way in...

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Dollar Recovers Ahead of NFPs as US Political Uncertainty Settles

Dollar Recovers Ahead of NFPs as US Political Uncertainty Settles Daily FX Market Roundup 01.07.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The US dollar traded higher against all of the major currencies on Thursday as months of US political uncertainty finally settled. Last night, Joe Biden was certified as the winner of the 2020 election and in a statement President Trump said there will be an orderly transition on January 20th. The control of Congress...

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Here’s Why FX, Stocks Shrug Off Capitol Chaos

Here’s Why FX, Stocks Shrug Off Capitol Chaos Daily FX Market Roundup 01.06.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Equities and currencies traded sharply higher on Wednesday, seemingly unfazed by the chaos on Capitol Hill and in some ways, encouraged by the Blue wave. For the first time in 10 years, it appears that Democrats will have control of the House, Senate and White House. But the process has been halted by an unprecedented invasion of...

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FX: How to Trade Georgia & Electoral College Votes

FX: How to Trade Georgia & Electoral College Votes Daily FX Market Roundup 01.05.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The US dollar traded lower against all of the major currencies on Tuesday. This broad based decline is a reflection of the market’s concerns about how the US political and economic landscape could change in the next 24 to 48 hours. There are two Senate runoff elections in Georgia that will determine which party controls the...

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What’s the Chance of New Years Week FX Breakout?

What’s the Chance of New Years Week FX Breakout? Daily FX Market Roundup 12.27.19 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management We’ve finally made it to the last week of 2020. A coronavirus vaccine is the process of being rolled out, a Brexit agreement is in place and President Trump finally signed the stimulus bill into law. With a few days left until the end of the year, there’s a lot to be optimistic about. Stocks extended their gains and currencies should...

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Year End FX Sell-Off? No Yet.

Year End FX Sell-Off? No Yet. Daily FX Market Roundup December 21, 2020 We feared that there would be year end profit taking in currencies this week as the virus mutation and lack of Brexit progress haunts the markets. But so far, we haven’t seen any evidence of those risks turning into fear. Stocks resumed their rise and currencies followed suit. A large part of that has to do with medical experts assuring the general public that there’s no reason to believe the vaccine won’t work on...

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How the US Dollar Could Trade this Holiday Week

How the US Dollar Could Trade this Holiday Week Daily FX Market Roundup December 21, 2020 The second to last week of December kicked off with losses in currencies and equities. By the end of the NY session however, much of the weakness eased leading many investors to wonder if anything could sap the equity rally. The Dow Jones Industrial Average fell more 400 points shortly after the NY open but ended the day flat. The dollar started the day strong but gave up part of its gains as well....

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