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Originally published by AxiTraderThe Australian dollar did a lot better than you might expect this morning given that the Dow Jones Industrial Average fell more than 400 points, 1.7%, and the S&P...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.As we feared, the first day of March kicked off with more weakness for currencies and equities. At the start of the NY session,...
Originally published by AxiTraderYou know it's unlikely to have been a good night for the Australian dollar when you see stocks in the US collapsing in the last couple of hours of trade. That's...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Euro, sterling and the Canadian dollar ended the month of February at their lows. The Swiss franc, Australian and New Zealand...
Originally published by AxiTraderOuch. The Australian dollar was - along with its commodity bloc cousins - hammered overnight losing 0.84% as it slipped below 78 cents. That's taken the Aussie back...
Originally published by AxiTraderThe US dollar has recovered following hawkish comments from Fed Chairman Jerome Powell. Could this the beginning of a US dollar recovery? While it is too early to tell...
Originally published by AxiTraderThe Australian dollar was sitting at 0.7853 this morning. That's marginally stronger on the day but around 40 pips lower than the high overnight of 0.7893 which was...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Federal Reserve Chairman Jerome Powell’s testimony on the economy and monetary policy is the most important event risk...
Originally published by AxiTraderThe latest CFTC report showed only minor changes in speculative FX positioning. Speculators slightly decreased their euro long positions, bringing the net positioning...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Friday’s Federal Reserve monetary policy report failed to have a significant impact on the dollar. Many hoped that it...
Originally published by AxiTraderThe Australian dollar is at an interesting juncture on the 4-hour charts this morning after bouncing nicely from the lows around 0.7789 to an overnight high around...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The sellers are back and they have driven the U.S. dollar lower against all of the major currencies. Thursday’s move had...
Originally published by AxiTrader78 cents. That's roughly where the Australian dollar finds itself today after trading up to a high of 79 cents less than 24 hours ago. Indeed it traded back up to...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Volatility ripped through the financial markets in the last 2 hours of NY trade on Wednesday. The Dow, which was up more than...
Originally published by AxiTraderThe Australian dollar is at a four-day low as it slipped below support at 0.7890 overnight as buyer emerged to bid the US dollar after Friday's key reversal on the...