Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup July 18, 2019 Investors are selling and we’d like to explain why. All of the major currencies traded higher against the greenback on Thursday with the exception of the . There are no fewer than 5 reasons for the greenback’s

Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup July 17, 2019 The traded lower against all of the major currencies on Wednesday as Treasury yields resumed their slide. The benefitted the most from the decline, rising to its strongest level in 3 months. , which had fallen to

Will the ‘s plunge continue after hitting the lowest level since April 2017? As Brexit talks turn the most hostile since British people voted to leave the European Union in 2016, sterling remains caught in the uncertainty of the debate. The charts, however, may be able to give us a little more insight into what

Key resistance held following Powell’s testimony and is now trying to extend its bearish trend, in line with our core view. Going into Wednesday, it looked equally balanced between a near-term bullish reversal on the intraday charts, versus a sell-off from current levels. Even if it had popped higher, we saw the upper bounds of

The Canadian dollar has continued to gain traction and remains the strongest performing major this month, and has on the back ropes just above the 2018 lows. posted a weekly close beneath its 2015 trendline last week and, while here’s risk of a minor rebound, the structure remains predominantly bearish after breaking out of a

With Fed minutes, Powell’s testimony and a BoC meeting, it should make for a lively session for traders, with finding itself caught in the crossfire. Starting with volatility (lower panel) we can see that one-week historical volatility has dropped as markets await this key date. However, implied one-week volatility has also risen to show markets

Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup July 9, 2019 In the next 24 hours, there are 3 major event risks that could change the course for currencies. The most significant will be Federal Reserve Chairman Powell’s on the economy and monetary policy and then the Bank

Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup July 8, 2019 U.S. dollar bulls remain in control with the extending its gains against all of the major currencies. Friday’s report sparked a broad-based recovery in the greenback. With no US economic reports scheduled for release Monday and Tuesday,

Friday’s U.S. data revealed that jobs growth—a central cog in this economy’s longevity and a fundamental catalyst for the longest bull market on record—is back. After the release, all hell broke loose. Equities gave up all time highs, yields jumped the most since Jan. 3, and the rally may have ended. The Labor Department reported

Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup July 1, 2019 The G20 summit ended with a trade truce between the U.S. and China. President Trump and President Xi agreed to restart talks with Trump promising to hold back additional tariffs and allow U.S. companies to sell their