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Tag Archives: UK Outlook

Euro Hits 4 Month Lows – Should You be Worried About CPI?

Euro Hits 4 Month Lows – Should You be Worried About CPI? Daily FX Market Roundup 08.10.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management There’s just over 2 weeks to go before the Federal Reserve’s Jackson Hole Symposium and investors are buying U.S. dollars on the premise that the Fed will set the stage for tapering in September. The U.S. economy came roaring back this summer as vaccinations increased. Last week’s strong non-farm payrolls report sealed the...

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Inflation, Gold and 3 Things Affecting Dollar

Inflation, Gold and 3 Things Affecting Dollar Daily FX Market Roundup 08.09.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The economic calendar may not be as jammed pack this week compared to last but if today’s moves in commodities are a sign, this could be a very active week in the financial markets. Gold prices ended the day down 2% after dropping more than 4% at the start of Asia trade. Oil prices settled the day down about the same amount after...

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Dollar Rallies Ahead of #NFP – Will Jobs Report Beat?

Dollar Rallies Ahead of #NFP – Will Jobs Report Beat? Daily FX Market Roundup 08.05.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The rally in stocks, rise Treasury yields and demand for U.S. dollars tell us that investors anticipate a strong non-farm payrolls report on Friday. The consensus forecast is 870K jobs which would be strongest increase since August and the whisper number is a million. On Wednesday, investors were caught off guard by the weak...

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Payrolls Uncertainty Drives Wild Swings in Dollar

Payrolls Uncertainty Drives Wild Swings in Dollar Daily FX Market Roundup 08.04.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar ended the day sharply higher against all of the major currencies but not before wild swings that took USD/JPY below 109.00 and then back above 109.50. EUR/USD soared to 1.1900 at the start of the NY open but plunged towards an intraday low of 1.1836 before the London close. We haven’t seen big intraday reversals like...

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AUD Outlook: What IF the RBA Reverses Taper Call?

AUD Outlook: What IF the RBA Reverses Taper Call? Daily FX Market Roundup 08.02.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The first week of August will be a busy one for the financial markets. Employment reports are due for release from the U.S., Canada and New Zealand along with central bank meetings in Australia and the U.K. August is traditionally a challenging month for stocks and today we got a glimpse of the potential seasonal impact. The Dow...

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3 Reasons Why Dollar Sold Off Post FOMC

3 Reasons Why Dollar Sold Off Post FOMC Daily FX Market Roundup 07.28.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded lower against most of the major currencies on the back of the Federal Reserve’s monetary policy announcement. EUR/USD rose to its strongest level in nearly 2 weeks while USD/JPY dropped back below 110. Interestingly enough, Fed Chairman Powell did not appear overly concerned about Delta. In the press conference he...

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Fed Preview – Two 5 Letter Words that could Make or Break Dollar

Fed Preview – Two 5 Letter Words that could Make or Break Dollar Daily FX Market Roundup 07.27.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded lower against the euro and Japanese Yen ahead of Wednesday’s Federal Reserve’s monetary policy announcement. This sell-off was driven by a combination of lower yields and weaker economic data. New home sales which were expected to rebound in June declined for the second month in a row. With...

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FX: 10 Things to Watch this Week

FX: 10 Things to Watch this Week Daily FX Market Roundup 07.26.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Taking a look at the economic calendar, it is set to be a busy week for the forex market. There’s a central bank rate decision, GDP, inflation and employment reports scheduled for release. A number of big tech companies have earnings reports and with U.S. stocks hitting a new record high on Monday, investors will be watching those results carefully...

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FX Outlook: What to Expect for EURO Post ECB

FX Outlook: What to Expect for EURO Post ECB Daily FX Market Roundup 07.22.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The European Central Bank’s monetary policy announcement was the most important event this week but it did not inspire any breakout moves for EUR/USD. This of course is exactly what central bankers hoped for which is limited volatility when big announcements are made. For the ECB, their first major inflation change in two decades was...

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Why EURO Could Rally on ECB Tomorrow

Why EURO Could Rally on ECB Tomorrow Daily FX Market Roundup 07.21.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management On the eve of the European Central Bank’s monetary policy announcement, Euro dropped to a 3 month low versus the U.S. dollar. Everyone expects the ECB to maintain their dovishness especially after they tweaked their inflation target but the relatively minor declines in EUR/USD this month suggests that sellers may be exhausted. This poses a risk...

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