Tuesday , March 2 2021
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Tag Archives: Home Page Champion Post

Strong AUD Could be Problem for RBA

Strong AUD Could be Problem for RBA Daily FX Market Roundup 03.01.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management • #USDJPY Hits 6 Month High • #EURUSD Hit by Drop in German Yields • Strong #AUD Problem for RBA • #CAD Resumes Rally Ahead of Q4 GDP The month of March kicked off with a strong rally in equities that saw the Dow Jones Industrial Average erase all of Friday’s losses. Ten year Treasury yields resumed their rise and the U.S. dollar rose to its...

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US Dollar Soars as Surging Yields Attract Massive Demand

US Dollar Soars as Surging Yields Attract Massive Demand Daily FX Market Roundup 02.25.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management • Dollar Soars as 10 Year Yields Rise 10% • Stocks Collapse, Driving Risk Currencies Lower • AUD Hit the Hardest by Risk Aversion • Euro the Most Resilient • US Personal Income and Spending Numbers Next The U.S. dollar is reaping the benefits of rising yields. Since the beginning of the year we’ve seen ten year bond yields in...

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Powell Reaffirms Dovishness, Sends Dollar Lower

Powell Reaffirms Dovishness, Sends Dollar Lower Daily FX Market Roundup 02.23.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management • Stocks Erase Gains on Powell’s Comments • Fed Sees No Rate Hike, No Taper = Broad Based Dollar Decline • #GBP Breaks 1.41 Despite Mixed Labor Data • #RBNZ Expected to Leave Monetary Policy Unchanged •Investors sold U.S. dollars after Federal Reserve Chairman Jerome Powell made it very clear on Tuesday that there will be no interest...

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USD: How Surging Treasury Yields Affects Powell’s Testimony

USD: How Surging Treasury Yields Affects Powell’s Testimony Daily FX Market Roundup 02.22.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management • Fed Chair Powell Delivers Semi-Annual Testimony on Economy Tuesday • #EUR Rises on Stronger German Business Confidence • #GBP Hits Fresh Highs but UK Labor Data a Risk • #NZD Soars after S&P Upgrades Sovereign Rating • #CAD Climbs to 3 Year High Federal Reserve Chairman Jerome Powell’s semi-annual testimony on the...

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GBP, AUD End Week Near 3 Year Highs

GBP, AUD End Week Near 3 Year Highs Daily FX Market Roundup 02.19.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management • #USD Sells Off Despite Stronger PMIs • #GBP Breaks 1.40 on Stronger PMIs • #AUD Shrugs Off Weaker Retail Sales • #NZD and #AUD Hit Highest Levels Since March 2018 • #EUR Rally Supported by Rise in PMI • #CAD Unfazed by Weaker Retail Sales There were some big moves in currencies on Friday which was no surprise given the busy economic calendar....

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5 Reasons for Big FX Moves on Friday

5 Reasons for Big FX Moves on Friday Daily FX Market Roundup 02.18.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management • #USD Sells Off as Jobless Claims Spike • #GBP Soars as Traders Eye 1.40, Retail Sales & PMI on Friday • EURGBP Falls to Lowest Level Since March 2020 • #AUD Supported by Stronger Labor Data • #EUR Rises Ahead of PMIs • #CAD Unfazed by Lower Oil and Prospect of Weaker Spending The post retail sales rally in the U.S. dollar did not last as...

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Dollar – No Love for US Retail Sales?

Dollar – No Love for US Retail Sales? Daily FX Market Roundup 02.17.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management • #USD Trades Higher as Retail Sales Beat Expectations • #EUR Tanks on Concerns about Sluggish Recovery • #GBP Tips Lower Amid Mild Increase in CPI • #AUD Steady Ahead of Jobs Report • #CAD Supported by New Highs in Oil and Rise in CPI The U.S. dollar traded sharply higher against most of the major currencies on Wednesday following strong retail...

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Dollar Needs Retail Sales Comeback

Dollar Needs Retail Sales Comeback Daily FX Market Roundup 02.16.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management • Currencies Reverse Despite New Highs for Stocks • #USD Rallies on Stronger Empire State Survey but Retail Sales a Risk • #EURO Gives Up Gains Despite Stronger ZEW • #AUD Lower on Dovish RBA Minutes • #GBP Traders Look Ahead to Stronger CPI • #CAD Sells Off Despite Prospect of Stronger Inflation Data U.S. traders came back from their long weekend...

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#FOREX – Why the Dollar was Undaunted by Powell’s Warning

Why the Dollar was Undaunted by Powell’s Warning Daily FX Market Roundup 02.10.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management • #USD Powell Says No Rate Hikes Until Max Employment and 2% Inflation • #EURO ECB President Lagarde Says Inflation Not Meeting their Goal • Intraday Volatility in Stocks Leads to Weakness in #NZD and #AUD • 8 Day #Oil Rally Loses Momentum • Happy Lunar New Year! The US dollar traded higher against most of the major currencies today,...

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Central Banks & Stimulus Bets will Drive FX this Week

Central Banks & Stimulus Bets will Drive FX this Week Daily FX Market Roundup 02.08.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management #USD Slides as Stimulus Bets Gain Traction #EURO Shrugs Off Weaker German IP New Highs in Stocks Drive #AUD #NZD Higher #GBP Hovers Near Strongest Level Since May 2018 #CAD Holds onto Gains as Oil Hits 1 Year Highs Chinese New Year is days away and for many investors, it is the most exciting event this week especially with a...

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