Tuesday , April 20 2021
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Tag Archives: Featured

Dollar – Why it Failed to Rally on Strong Retail Sales

Dollar – Why it Failed to Rally on Strong Retail Sales Daily FX Market Roundup 04.15.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar struggled to rally on Thursday despite very strong U.S. economic reports. According to the latest releases, the U.S. economy roared back to life in March and early April. Retail sales, the most anticipated piece of U.S. data this week blew expectations as stimulus checks and vaccinations fueled robust demand....

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Dollar – Vaccine Concerns Overshadow CPI

Dollar – Vaccine Concerns Overshadow CPI Daily FX Market Roundup 04.13.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The biggest news on Tuesday turned out to be concerns about Johnson & Johnson vaccine and not the U.S. inflation report. The country’s two health agencies (FDA and CDC) recommended halting use of the one shot vaccine after 6 cases of a rare but deadly blood clot disorder. Six cases is small when measured against the nearly 7 million...

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Euro Bounces – How Much Juice is There?

Euro Bounces – How Much Juice is There? Daily FX Market Roundup 04.12.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Euro kicked off this busy trading week with modest gains against the U.S. dollar. Despite continued lockdowns in some of the region’s biggest economies, slow vaccine rollout and lower growth forecasts from France and Spain, the single currency has been extraordinarily resilient. It quietly moved higher since the beginning of the month rallying...

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Central Bank Events to Watch this Week

Central Bank Events to Watch this Week Daily FX Market Roundup 04.05.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The first full trading week of April started quietly with many markets closed for Easter Monday. It wasn’t until the start of the New York trading session that the U.S. dollar started to move. Despite Friday’s strong jobs report, today’s better than expected non-manufacturing ISM and an increase in yields, the greenback traded lower against...

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Nearly 1 Million Jobs but Dollar Barely Budges – Here’s Why

Nearly 1 Million Jobs but Dollar Barely Budges – Here’s Why Daily FX Market Roundup 04.02.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The most anticipated event risk this week was the March U.S. non-farm payrolls report. Nearly a million jobs were created, the most in 7 months. Economists were looking for NFPs to rise by 647k and instead it jumped 916k. The unemployment rate dropped to 6%, which was right in with expectations. Such a blowout jobs...

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Will Payrolls Reinforce Dollar’s Dominance?

Will Payrolls Reinforce Dollar’s Dominance? Daily FX Market Roundup 04.01.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management After rising strongly in March the U.S. dollar kicked off the month of April with losses against most of the major currencies. The sell-off was modest and represents nothing more than profit taking ahead of Friday’s non-farm payrolls report. Jobless claims rose back above 700K but that increase will not draw away from what should be a very...

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Euro Snaps Back But Dollar Still King

Euro Snaps Back But Dollar Still King Daily FX Market Roundup 03.31.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management March was a tough month for the euro. The single currency fell to its weakest level in 4 months against the U.S. dollar and its lowest level in a year against sterling. Since the beginning of the pandemic, there have been major differences between how the U.S., U.K. and the European Union dealt with the crisis. Early on, Europe went into...

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How will Month / Quarter End Affect the Dollar?

How will Month / Quarter End Affect the Dollar? Daily FX Market Roundup 03.30.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded sharply higher against all of the major currencies on Tuesday with the latest gains taking the greenback to fresh one year highs against the Japanese Yen and 4 month highs against the euro. Currencies are once again taking their cue from Treasury yields, which rose above 1.7% on a 10 year basis to its highest...

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4 Reasons for Big Moves in Currencies this Week

4 Reasons for Big Moves in Currencies this Week Daily FX Market Roundup 03.29.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management It will be another busy week for the financial markets with potentially big moves in currencies and equities. On Wednesday, President Biden will outline his $3 trillion infrastructure plan, which also happens to be the month and quarter end. U.S. non-farm payrolls is scheduled for release on Friday but a number of markets including...

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US Dollar, Stocks Attract More Buyers

US Dollar, Stocks Attract More Buyers Daily FX Market Roundup 03.26.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management It has been a great week to be long U.S. dollars. The greenback traded higher against all of the major currencies and these gains drove the Dollar Index to its strongest level in 4 months. For the technicians out there, this was also the first time since May that DXY closed above the 200-day simple moving average which is typically a signal...

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