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Tag Archives: UK Outlook

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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Cable Continues Climbing

Market Drivers December 4, 2019 Cable continues ripping AU data misses Nikkei 0.71% Dax 0.01% UST 10Y 1.78% Oil $58/bbl Gold $1474/oz BTCUSD $7362 Europe and Asia: AU AUD Retail Sales 0.0% vs. 0.3% North America: No Data Generally quiet markets in FX today with very little on the global economic calendar to move pairs, but cable continued its climb higher hitting a high of 1.3147 in early London trade as enthusiasm over a Tory win helped fuel the rally. At this point, the market appears...

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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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Risk Explodes Higher as Week Begins

Market Drivers December 2, 2019 Risk takes off at the start of the week Kiwi breaks .6450 Nikkei 1.01% Dax 0.687% UST 10Y 1.85% Oil $58/bbl Gold $1455/oz BTCUSD $7327 Europe and Asia: UK GBP PMI Manufacturing 48.9 vs. 48.3 North America: USD ISM Manufactuing 10:00 Risk assets exploded higher at the start of week’s trade after Chinese PMI data which was released over the weekend showed improvement. Chinese Manufacturing PMI printed at 50.2 versus 49.5 rising above the boom/bust 50 mark...

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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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US Data Deluge Could Determine USDJPY Fate

Market Drivers November 27, 2019 USDJPY tries to pull away from 109.00 Cable weakens ahead of a key poll Nikkei 0.28% Dax -0.087% UST 10Y 1.74% Oil $58/bbl Gold $1457/oz BTCUSD $7123 Europe and Asia: No Data North America: USD Durable Goods 8:30 USD Chicago PMI 8:30 USD GDP 8;30 USD Personal Spending 10:00 Cable was appreciably lower ahead of a key UK poll while USDJPY tried to pull away from the 109.00 level as traders awaited a deluge of data from the US on the final full trading day...

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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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In FX Risk Spikes and then Reverses

Market Drivers November 26, 2019 USDJPY loses 109.00 despite positive trade news Cable reversers on latest UK polling data Nikkei 0.35% Dax -0.297% UST 10Y 1.74% Oil $58/bbl Gold $1457/oz BTCUSD $7224 Europe and Asia: No Data North America: USD Consumer Confidence 10:00 A bit of a topsy-turvy night in FX today with risk first spiking in early Asian session dealing and then giving up much of its gains as the night wore on. USDJPY verticalized to 109.20 on news from China Global Times that...

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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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