The is falling for the fifth straight day after gaining for 7 days out of 8 and surging 8.5%. It might be time to start thinking of getting back in: the greenback has already corrected 2.3% of its prior move, suggesting profit-taking should slow down. After the longest equity bull market on record ended with

There have been two previous, major financial markets crashes in the past 20 years. During both, the U.S. became the life raft of choice that everyone wanted to cling to. The more recent, 2008 crisis saw the fall 57.69% between the high of October 2007 and the low of March 2009. Five months later, the Dollar Index

The Bank of Canada made a surprise rate cut of 50 bps on Friday to bring the interest rate to 0.75%. Today, the BoC announced it is ready to adjust policy further and use all available market tools to support growth and keep inflation on target. In addition, Prime Minister Justin Trudeau said that he

Daily FX Market Roundup 03.04.20 By Kathy Lien, Managing Director Of FX Strategy For BK Asset Management These days, 800-, 900-point moves in the stock market have become the norm. On Tuesday, the dropped 800 points and today it recuperated all of those losses. The in the market is a reflection of sentiment flipping between

Daily FX Market Roundup 03.03.20 By Kathy Lien, Managing Director Of FX Strategy For BK Asset Management The G7 conference call turned out to be a sideshow to the Federal Reserve’s decision to lower interest rates by 50bp. This unexpected move was the first intermeeting cut since the global financial crisis. While the G7 discussion

Daily FX Market Roundup 03.02.20 By Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Monday’s big story was the sharp recovery in U.S. equities. The jumped more than 1,200 points intraday, extending Friday’s recovery. Surprisingly U.S. data missed expectations with the index dropping to 50.1 from 50.9. The slowdown in the global

Daily FX Market Roundup 02.27.20 By Kathy Lien, Managing Director Of FX Strategy For BK Asset Management U.S. markets are in full-blown correction mode. Stocks fell for the sixth consecutive trading day with the losing close to 1200 points in the process. Since equities peaked on February 12, the Dow dropped as much as 10%

put in a new 4½ month high yesterday, near 1.3333, as is trading at its lowest levels in 13 months, with front month crude futures down another 2.5% yesterday. Canada is an oil-lead exporting country. As the coronavirus continues to spread throughout the world, the expectations continue to be that the demand for crude oil

Daily FX Market Roundup 02.25.20 By Kathy Lien, Managing Director Of FX Strategy Panic selling continued to hit the financial markets on Tuesday as investors head for the exit. The lost another 800 points, which is approximately 3%. Germany confirmed another case of coronavirus, this time from a patient who visited Milan while Switzerland reported

The has been slipping fairly steadily since the Reserve Bank of Australia opted two weeks ago not to . The central bank’s rationale: to avoid spurring additional borrowing even as local house prices rise and fears of a bubble escalate. The most recent slide for the struggling Aussie continued today, for a fourth day. However,