Monday , December 16 2019
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Tag Archives: Home Page Champion Post

FX: Nothing Matters More than Trade. Not ECB, Not Fed.

FX: Nothing Matters More than Trade. Not ECB, Not Fed. Daily FX Market Roundup 12.12.19 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Nothing matters more to the direction of currencies over the next few days than President Trump’s Chinese tariff decision. That includes this week’s Federal Reserve and the European Central Bank’s monetary policy decisions. On Wednesday, Jerome Powell left interest rates unchanged but made it clear that rate hikes are not on the...

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FOMC preview – What FX Traders Can Expect from Powell

FOMC preview – What FX Traders Can Expect from Powell Daily FX Market Roundup 12.10.19 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Thursday’s Federal Reserve monetary policy announcement is one of the most important events of the week but we don’t expect fireworks. This is the last FOMC meeting of the year and there’s zero chance of a change in policy. However a press conference follows every central bank meeting and there’s always the possibility of market...

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Big Week for EURO & USDJPY

Big Week for EURO & USDJPY Daily FX Market Roundup 12.09.19 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The holidays may be approaching but there’s at least at least one more week of potentially big moves for currencies before we settle into the seasonal lull. With two monetary policy announcements and a big decision on tariffs for US President Trump, an expansion in volatility is almost a certainty. It’s a particularly a big week for EUR/USD and...

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USD: Why You Shouldn’t Bank on Strong Non-Farm Payrolls

USD: Don’t Bank on Strong Non-Farm Payrolls Daily FX Market Roundup 12.05.19 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management US non-farm payrolls is traditionally one of the most market moving pieces of data for currencies and equities but its impact depends on how the jobs report affects monetary policy. In the case of the Federal Reserve, they’ve made it clear that after lowering interest rates three times this year, further easing is unnecessary. So if NFPs...

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Will Bank of Canada Trigger Breakout in USDCAD?

Will Bank of Canada Trigger Breakout in USDCAD? Daily FX Market Roundup 12.03.19 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management November was a great month for the US dollar but December is proving to be a challenging one. We are only 2 trading days into the new month, but President Trump is back to his old ways with the market reacting to all of the elusive comments coming out of the White House. On Monday, he called for lower interest rates and criticized the...

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AUD Breaks Out, Can Gains be Sustained on RBA?

AUD Breaks Out, Can Gains be Sustained on RBA? Daily FX Market Roundup 12.02.19 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management One of the best performing currencies today was the Australian dollar. AUD jumped nearly 1 percent against the US dollar to its strongest level since November 20th. On a technical basis, this move goes a long way in nullifying the downtrend but Australian data is weak so a fundamental basis, its hard to trust the rally. According to the...

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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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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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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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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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