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The Eurodollar has been stuck in a steady downtrend since May 2018. This is a relentless trend that found very temporary support near $1.115. When this support fails the next downside support target...
Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup May 20, 2019Mark your calendars. This week should be another busy one for currencies. Like recent weeks,...
Inflation in the U.K. has now scaled above the Bank of England’s 2% target, and London economists expect annual consumer price inflation to reach 2.1%. If they are right, it would be the fastest...
Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup May 17, 2019Every one wants to know how low the euro, Australian dollar and sterling can go. All three of...
Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup May 16, 2019With U.S. equities rebounding for the third day in a row, the greenback traded higher against...
The below is the weekly chart of the AUDUSD. Further to our previous article, the currency pair has declined by 2.6%. Technically speaking the chart looks to have three distinct phases since the...
The Aussie found itself under pressure ahead of today’s wage data, thanks to soft consumer growth and Trump’s latest trade-twist. Just 27pips above 69c, it may take more than stronger...
Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup May 15, 2019U.S. equities rebounded Tuesday but the lack of a meaningful recovery in currencies is a sign...
Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementDaily FX Market Roundup May 9, 2019Investors are nervous that this time, President Trump is serious about raising tariffs on...
The Reserve Bank of New Zealand today reduced its benchmark interest rate for the first time since 2016 to 1.50% from 1.75%. The bank also signaled another potential cut to counteract slowing economic...
Daily FX Market Roundup May 7, 2019Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementAll of the major currencies traded sharply lower Tuesday as the Dow Jones Industrial Average...
Daily FX Market Roundup May 6, 2019Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementOn the eve before the Reserve Bank of Australia’s monetary policy announcement, the...
April was a great month for the US dollar but the beginning of May has posed challenges.End of April profit-taking drove the greenback lower initially, but the rally was renewed by optimistic comments...
Negotiations surrounding the now 10-month-long, U.S.-Sino trade war took a significant step back yesterday after threats of additional tariffs tweeted by President Donald Trump threw a spanner in the...
Daily FX Market Roundup May 3, 2019Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementOn Friday the U.S. dollar turned lower despite good labor-market numbers and the move led...