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Tag Archives: Home Page Champion Post

Week Ahead – Will Dollar Extend its Might?

Week Ahead – Will Dollar Extend its Might? Daily FX Market Roundup Feb 14, 2020 Happy Valentines Day! We want to take this opportunity to express our love to our readers ¬– you keep this site going! February has been a great month for the US dollar and US stocks. The Dow Jones Industrial Average climbed to record highs and even as stocks pulled back towards the end of the week, the declines were modest given recent gains. Most importantly we have not seen days of back to back triple...

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How Far Can EURO Fall?

How Far Can EURO Fall? Daily FX Market Roundup Feb 13, 2020 Everyone wants to know how much further the euro can fall. Not only has it been in a downtrend since the beginning of the month, but it lost value 8 out of the last 9 trading days and on the one day that it rallied, the increase was modest at best. Investors have beaten the currency down to its lowest level since April 2017. In order to gage how much further the pair can fall, we have to understand why its losing value as...

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FX: Powell Downplays Virus Impact, NZ Rate Decision Next

FX: Powell Downplays Virus Impact, NZ Rate Decision Next Daily FX Market Roundup Feb 11, 2020 Most of the major currencies rebounded against the US dollar on Tuesday thanks in part to an earlier pullback in Treasury yields and new record highs for US equities. Although stocks came off its highs to end the day unchanged, currencies held onto their gains. Federal Reserve Chairman Jerome Powell’s semi-annual testimony on the economy and monetary policy is this week’s biggest event....

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Euro Hits 4 Month Lows, Six Straight Days of Losses

Euro Hits 4 Month Lows, Six Straight Days of Losses Daily FX Market Roundup Feb 10, 2020 Investors have been selling euros since the beginning of the month. Granted there’s been only six days of trading, the consistency is worrying. The sell-off in EUR/USD took the pair to its weakest level in 4 months but in reality the September low is also a 2.5 year low. The problem for the euro is that the outlook is beginning to worsen. Last week’s German industrial production and retail sales...

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Making Sense of USD Rally, Dow Selloff Post NFP

Making Sense of USD Rally, Dow Selloff Post NFP Daily FX Market Roundup Feb 7, 2020 Many investors are scratching their heads about why US stocks fell sharply after this morning’s non-farm payrolls report. Some media outlets blame the move on concerns about China’s economy and profit taking after a strong week. However a deeper look into the details of the jobs report quickly reveals underlying weakness. The unemployment rate was expected to stay at 3.5% but it rose to 3.6% and most...

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FX: How to Trade January Non-Farm Payrolls

FX: How to Trade January Non-Farm Payrolls Daily FX Market Roundup Feb 6, 2020 The next 24 hours will be an exceptionally busy one for the financial markets. The latest trade numbers are due from China along with US and Canadian employment reports. The greenback extended its gains on Thursday against all of major currencies, touching 110 versus the Japanese Yen in the process. The Dow Jones Industrial Average climbed to fresh record highs as equities rose for the fourth consecutive...

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US Dollar – What Makes it the Strongest of Them All

US Dollar – What Makes it the Strongest of Them All Daily FX Market Roundup Feb 5, 2020 The Dow Jones Industrial Averages is heading back to record highs as the World Health Organization confirmed 3,100 new cases in China over the last 24 hours. There are also two cruise ships quarantined in Asia that is stranding more than 5,000 passengers. One would assume reports like these would drive equities and currencies lower but overnight, a Chinese media outlet reported that a research team...

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Its Central Banks vs. Coronavirus

Its Central Banks vs. Coronavirus Daily FX Market Roundup Feb 4, 2020 Currencies and equities traded sharply higher today with the Dow soaring more than 400 points intraday. Based on this rally and the strong performance in USD/JPY, it would be easy to assume that coronavirus fears are easing and investors are moving on. However, we have not even seen the beginning of the impact of the virus on economic data and the only thing masking the pain is Chinese stimulus. On Monday, Chinese...

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RBA – Dovish Hold or Proactive Cut?

RBA – Dovish Hold or Proactive Cut? Daily FX Market Roundup Feb 3, 2020 January has proven to be a crushing month for risk. Currencies and equities sold off hard as trade war fears gave way to concerns of a global coronavirus pandemic. China, the world’s manufacturing floor is basically shut down and countries across the globe are closing down borders to prevent the virus from spreading. Even if China manages to get the virus under control and cases peak, it will be sometime before...

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Is Bank of England Ready for a Rate Cut?

Is Bank of England Ready for a Rate Cut? Daily FX Market Roundup 01.29.20 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The Federal Reserve’s monetary policy announcement proved to be marginally negative for the dollar. The central bank raised their IOER rate but described this as a small technical adjustment. Chairman Powell highlighted the ongoing strength in the economy but also expressed concerns about uncertainties including the virus. Most importantly the...

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