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Tag Archives: Home Page Champion Post

With a Million New Jobs Looming, Why Can’t the Dollar Rally?

With a Million New Jobs Looming, Why Can’t the Dollar Rally? Daily FX Market Roundup 05.03.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar kicked off the first trading day of May with broad based losses. On Friday, U.S. non-farm payrolls are due for release and with the labor department expected to report a million new jobs, some investors are wondering why the U.S. dollar is unable to rally. With one of the world’s best vaccination rates,...

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End of Month Flows Sends Dollar Higher

End of Month Flows Sends Dollar Higher Daily FX Market Roundup 04.30.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Month end flows drove the U.S. dollar higher against all of the major currencies on Friday. The month of April was a challenging one for the greenback. The Dollar Index dropped from 93.30 to 90.50 with virtually no meaningful relief rallies. Despite steady improvements in U.S. data, every week was a losing one. This decline was driven by the...

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Will EURO Traders Look Past Double Dip Recession?

Will EURO Traders Look Past Double Dip Recession? Daily FX Market Roundup 04.29.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The three most important event risks on this week’s calendar are FOMC, U.S. and Eurozone first quarter GDP. On Wednesday, we learned that while the Federal Reserve is optimistic, they still want to see more improvements in the economy before setting the stage for tapering. Today, U.S. first quarter GDP growth beat expectations with...

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5 Reasons Why EUR/USD Soared to 7 Week Highs on FOMC

5 Reasons Why EUR/USD Soared to 7 Week Highs on FOMC Daily FX Market Roundup 04.28.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management EUR/USD soared to 7 month highs today for the following reasons: 1. Fed failed to live up to expectations. Says now is not the time to talk taper 2. German 10 year bund yields hit 2 month highs 3. Improvements expected in Thursday’s German labor market and EZ confidence numbers 4. With 7 weeks until next Fed meeting, restrictions...

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Will the Fed Snap the Dollar’s Recovery?

Will the Fed Snap the Dollar’s Recovery? Daily FX Market Roundup 04.27.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management After selling off throughout the month of April, the greenback finally rebounded on the eve of the Federal Reserve’s monetary policy announcement. The U.S. economy is running hot ahead of the rate decision but no changes are expected from the central bank which explains why the dollar pulled back this month despite good data. The question...

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Dollar Snaps Back on Good Data, FOMC Next Week

Dollar Snaps Back on Good Data, FOMC Next Week Daily FX Market Roundup 04.23.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar performed extremely well in the first quarter of 2021 but so far, the second quarter has been more challenging. Since the beginning of the month, investors have been selling dollars. Despite the recovery the Federal Reserve said they are committed to keeping monetary policy easy and this stubbornness capped the rally in...

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4 Reasons Why EURO Tanked on ECB

4 Reasons Why EURO Tanked on ECB Daily FX Market Roundup 04.22.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Euro traded sharply lower against the U.S. dollar after the European Central Bank’s monetary policy announcement. On a technical basis, EUR/USD rejected the 100-day SMA, an important inflection point for the currency. By failing to break above this key measure for the past four days, the risk is for a deeper slide to 1.19. On a fundamental basis, no...

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EURO: Could ECB Follow in Bank of Canada Footsteps?

EURO: Could ECB Follow in Bank of Canada Footsteps? Daily FX Market Roundup 04.21.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Thursday’s European Central Bank monetary policy announcement is one of the most important event risks this week. With a seven week gap between tomorrow’s meeting and the next, the ECB has one of two choices – they can take this opportunity to clarify their forward guidance or they could keep their assessment unchanged and bide...

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Canada – Why This Month’s Rate Decision Is So Tricky

Canada – Why This Month’s Rate Decision Is So Tricky Daily FX Market Roundup 04.20.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management This month’s Bank of Canada monetary policy announcement is a tricky one. On one hand, economic data has been very good. Job growth is strong, consumer spending is improving, the housing market is on fire with homes selling far above their ask prices and manufacturing activity expanding at its fastest pace in 10 years....

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FX: 3 Currencies to Watch this Week

FX: 3 Currencies to Watch this Week Daily FX Market Roundup 04.19.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management All of the major currencies traded higher on Monday as investors continued to drive the U.S. dollar lower. When a rise in Treasury yields, sell-off in U.S. stocks, strong payrolls and retail sales reports can’t lift the dollar, some wonder if it is time to worry. For the past few months, investors have been pricing in a U.S. recovery and with...

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