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Originally published by AxiTraderThe Australian dollar's rally continued overnight and at 0.7634 this morning it is up a little more than 1% on where it was this time yesterday. A large part of that...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The Federal Reserve raised interest rates by 25bp Wednesday and instead of rising, the dollar sold off aggressively against all...
Originally published by AxiTraderNo the headline is not a typo. And yes the Australian dollar has climbed off the mat this week. That means that this morning as I write the AUDUSD is sitting at 0.7560...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar traded higher against most of the major currencies today ahead of Wednesday’s Federal Reserve announcement...
New York traders started their day yesterday with a terror incident at the Port Authority bus and train station, but as we’ve seen so often in the past, the market is desensitized to lone wolf...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar had a quiet but firm start to what will quickly become a busy trading week. With four monetary policy...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The November nonfarm payrolls report posed no threat to the Federal Reserve’s plans to raise interest rates next week....
Originally published by AxiTraderA stronger US dollar has combined with the disappointment of this week's weaker than forecast GDP and the big miss of yesterday's trade surplus to push the Australian...
EUR/USD has entered the fourth consolidation session with choppy sideways trading. The pair has failed to stay above 1.1800 (10-EMA) level since Monday and still flirting with 1.1780 support level.The...
Originally published by AxiTraderAsian stock weakness was mildly resisted by European and US equity traders with markets finishing off their lows. But the fall in Asia's stocks and the weakness it...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The Bank of Canada’s monetary policy announcement was one of this week’s most important event risks and it did not...
Originally published by AxiTraderThe Australian dollar is lower this morning sitting around 0.7560 after a convergence of weaker than expected GDP data, a stronger US dollar, weaker metals prices, a...
Originally published by AxiTraderThe Australian dollar did really well yesterday on the back of the combination of a nice bounce back in retail sales, partial indicators which point to a solid GDP...
Originally published by AxiTraderUSD/CAD is looking increasingly bearish. While a daily close below the key support level at 1.2670 was avoided, a clear break seems only a matter of time. Support...
Originally published by AxiTraderToday is the day when two worlds collide for the Australian dollar. Or at least they could be. I say that because not only do we get the Reserve Bank of Australia...