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Home / Tag Archives: Featured (page 30)

Tag Archives: Featured

Risk Explodes Higher as Week Begins

Market Drivers December 2, 2019 Risk takes off at the start of the week Kiwi breaks .6450 Nikkei 1.01% Dax 0.687% UST 10Y 1.85% Oil $58/bbl Gold $1455/oz BTCUSD $7327 Europe and Asia: UK GBP PMI Manufacturing 48.9 vs. 48.3 North America: USD ISM Manufactuing 10:00 Risk assets exploded higher at the start of week’s trade after Chinese PMI data which was released over the weekend showed improvement. Chinese Manufacturing PMI printed at 50.2 versus 49.5 rising above the boom/bust 50 mark...

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Dollar Ends November Strong, Busy Week Ahead

Dollar Ends Month Strong, Busy Week Ahead Daily FX Market Roundup 11.29.19 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management November was a great month for the US dollar. The greenback traded higher against all of the major currencies with USD/JPY and USD/CHF rising to their strongest levels since June. After lowering interest rates at the end of October, US policymakers made it clear that despite ongoing trade uncertainty and weaker global growth, further easing...

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US Data Deluge Could Determine USDJPY Fate

Market Drivers November 27, 2019 USDJPY tries to pull away from 109.00 Cable weakens ahead of a key poll Nikkei 0.28% Dax -0.087% UST 10Y 1.74% Oil $58/bbl Gold $1457/oz BTCUSD $7123 Europe and Asia: No Data North America: USD Durable Goods 8:30 USD Chicago PMI 8:30 USD GDP 8;30 USD Personal Spending 10:00 Cable was appreciably lower ahead of a key UK poll while USDJPY tried to pull away from the 109.00 level as traders awaited a deluge of data from the US on the final full trading day...

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Currencies & Possibility of Thanksgiving Breakouts (charts)

Currencies & Possibility of Thanksgiving Breakouts (charts) Daily FX Market Roundup 11.26.19 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management It is a holiday week here in the United States and today’s muted moves has investors looking forward to a quiet rest of the week for currencies. The forex market will trade continuously over the next few days but the equity and bond markets in the U.S. will be closed on Thursday with a half day on Friday. However with...

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In FX Risk Spikes and then Reverses

Market Drivers November 26, 2019 USDJPY loses 109.00 despite positive trade news Cable reversers on latest UK polling data Nikkei 0.35% Dax -0.297% UST 10Y 1.74% Oil $58/bbl Gold $1457/oz BTCUSD $7224 Europe and Asia: No Data North America: USD Consumer Confidence 10:00 A bit of a topsy-turvy night in FX today with risk first spiking in early Asian session dealing and then giving up much of its gains as the night wore on. USDJPY verticalized to 109.20 on news from China Global Times that...

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Dollar Bulls – 3 Things to Be Thankful for

Dollar Bulls – 3 Things to Be Thankful for Daily FX Market Roundup November 25, 2019 This week, Americans will be thinking about all of the things that we can be thankful for. On the first day trading day of this shortened Thanksgiving week, the US dollar is stronger against all of the major currencies. Dollar bulls in particular have a few reasons to be thankful this holiday seasoning. To start, the Federal Reserve has been very clear that barring any unforeseen shocks, further easing...

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Risk FX Feels Some Love As Week Starts

Market Drivers November 25, 2019 Risk on as the week starts Cable see strength as the week starts Nikkei 0.78% Dax 0.767% UST 10Y 1.78% Oil $58/bbl Gold $1457/oz BTCUSD $6768 Europe and Asia: EUR IFO North America: No Data Risk FX was bid at the start of week’s trade with USDJPY inching its way back to 109.00 while cable stabilized and pushed back towards 1.2900 as polls showed PM Johnson in a comfortable lead in the UK election polling. Equity markets were buoyed by news that China...

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EUR Hit from All Sides – ECB, PMIs, Good US Data

EUR Hit by ECB, PMIs and Good US Data Daily FX Market Roundup November 22, 2019 The euro was hit from all sides today. First, German PMIs were mixed with the data showing improvements in the manufacturing sector and deterioration in services. Later on, the Eurozone PMIs confirmed that the region as a whole grew at a slower pace due to a continued contraction in manufacturing and slower expansion in services. In between, ECB President Christine Lagarde described the global economy as...

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Cable Hammered As Fears Grow of Contraction

Market Drivers November 22, 2019 Cable dips below 1.2900 on weak PMI EU PMI mixed Nikkei 0.32% Dax 0.17% UST 10Y 1.755% Oil $58/bbl Gold $1471/oz BTCUSD $7155 Europe and Asia: EU PMI 46.6 vs 46.6 UK PMI Services 48.6 vs. 50.1 North America: CAD Retail Sales 8:30 Cable was hammered in London dealing falling by more than half-cent after UK PMI data revealed that business conditions have deteriorated materially. UK PMI missed on Manufacturing and Services parts coming in below the key 50...

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Big Day for the Euro with ECB Lagarde and PMIs

Big Day for the Euro with ECB Lagarde and PMIs Daily FX Market Roundup November 21, 2019 Friday will be a big day for the euro. There’s a speech by ECB President Christine Lagarde and November PMIs. Since Lagarde became the President of the central bank, she has not made any direct comments on monetary policy. However we know from prior talks that the ECB’s new leader is worried about the threat of nationalism along with the danger of global recession and like her predecessor feels...

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