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Tag Archives: US Outlook

Will ECB Spark Big FX Moves Like BoC?

Will the ECB Spark Big FX Moves Like BoC? Daily FX Market Roundup 01.22.20 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management After Tuesday’s broad based decline in equities, currencies and Treasury yields many investors believed that further losses were likely. Increased risk aversion is a serious possibility but today there was a semblance of calm in the financial markets. China’s coronavirus is spreading but with the country’s transparency and their dramatic...

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Coronavirus FX Selloff, CAD Prime for Bank of Canada Breakout?

Coronavirus FX Selloff, CAD Prime for Bank of Canada Breakout? Daily FX Market Roundup 01.21.20 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The most influential story for the financial markets today was reports that the first US case of coronavirus from China has been confirmed. This deadly virus from China is spreading across the globe creating concerns about the impact on travel and consumer spending. There’s no question that economic activity in Asia...

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Wuhan Virus Spooks Markets

Market Drivers January, 21 2020 Wuhan virus spooks markets BOJ sees steady inflation outlooks Nikkei -0.91% Dax -0.49% UST 10Y 1.79% Oil $58.1/bbl Gold $1556/oz BTCUSD $8645 Europe and Asia: GBP UK Wages 3.2% vs. 3.1% North America: CAD Manufcaturing Sales 8:30 Global markets were roiled by news of new coronavirus out of Wuhan China, fearing a SARS-like outbreak in Asia that could disrupt economic activity and create a possible public health emergency. The WHO confirmed that the new...

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Great Week for Dollar, Euro Recovery Ahead?

Great Week for Dollar, Euro Recovery Ahead? Daily FX Market Roundup 01.17.20 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The US dollar wraps up another good week with gains against most of the major currencies. The only exceptions were the Swiss Franc which climbed to its strongest level in 3 months and the Canadian dollar, which held onto its recent gains. Investors brushed off softer US inflation data in favor of stronger retail sales, manufacturing...

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Dollar Bulls Charge Ahead as Data Validates Rally

Dollar Bulls Charge Ahead as Data Validates Rally Daily FX Market Roundup 01.16.20 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The Dow Jones Industrial Average climbed to fresh record highs while the US dollar rose to its strongest level in 8 months against the Japanese Yen on the back of stronger retail sales. After weeks of disappointing economic reports, investors wanted to see data validate the rallies so they jumped on the report when it released, driving...

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Risk Continues its Rally – Will US Consumer Confirm?

Market Drivers January, 16 2020 Equities at record highs US Retail Sales on deck Nikkei 0.07% Dax -0.06% UST 10Y 1.79% Oil $58.1/bbl Gold $1555/oz BTCUSD $8615 Europe and Asia: North America: USD Retail Sales 8:30 Risk was bid in European trade today with US equity indices making fresh record highs in overnight futures trading while commodity currencies firmed with both Aussie and Kiwi getting a boost as the night wore on. There was no major economic news in Asia or Europe and FX was...

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UK Inflation Drop Hints at Rate Cut

Market Drivers January, 15 2020 UK Inflation runs cool Risk assets quiet Nikkei -0.45% Dax -0.07% UST 10Y 1.79% Oil $58.1/bbl Gold $1552/oz BTCUSD $8695 Europe and Asia: GBP UK CPI 1.3% vs. 1.5% North America: USD PPI 8:30 Currency markets were quiet at the midweek point as traders awaited the official signing of the US-China deal later today during North American hours. On the data front, UK releases took center stage with UK CPI printing cooler than expected at 1.3% vs. 1.5% eyed. The...

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Will 2020’s First NFP Report Help the Dollar?

Will 2020’s First NFP Report Help the Dollar? Daily FX Market Roundup 01.09.20 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management It has been a good week so far for the US dollar and on the eve of the first employment report of the year, the greenback extended its gains against all of the major currencies. The rally was fueled by the record breaking moves in US stocks and encouraging words from Federal Reserve Presidents. Bullard for example sees a soft landing this...

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First Full Week of FX Trade to Kick Off with a Bang

First Full Week of FX Trade to Kick Off with a Bang Daily FX Market Roundup 01.03.20 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management As January kicks off, profit taking has been the primary trading theme in FX. For the second day in a row, all of the major currencies traded sharply lower on the back of renewed geopolitical tensions and softer economic data. According to the latest reports, manufacturing activity in the US contracted at its fastest pace in more...

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Dollar and Euro’s Election Year Trading Behavior

Dollar and Euro’s Election Year Unique Trading Behavior Daily FX Market Roundup 01.02.20 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management On this first official trading day of 2020, we want to take a look at the most important / influential event of the year – the US Presidential election. From rewriting the US/Canada/Mexico trade deals to imposing harsh tariffs on the US and other parts of the world, President Trump’s policies reshaped the global economy. While...

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