Daily FX Market Roundup 12.05.19 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management U.S. is traditionally one of the most market-moving pieces of data for currencies and equities but its impact depends on how the jobs report affects monetary policy. In the case of the Federal Reserve, they’ve made it clear

The is aiming higher as confidence rises that Prime Minister Boris Johnson’s Conservative Party will win the UK’s election next week. Indeed, sterling has reached the highest since May 5 against the dollar, with traders stepping up bets for a Conservative victory. GBP Daily Chart This makes the fifth straight gain since the first half

Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup 12.03.19 November was a great month for the dx but December is proving to be a challenging one. We are only 2 trading days into the new month, but President Trump is back to his old ways with the market

The is higher on dollar weakness after U.S. factories extended their . However, political uncertainty in Germany and a burgeoning European trade war with the U.S. is weighing on the single currency. And despite the gains of the past four days, the EUR/USD is facing a downward trajectory as the pressure increases. U.S. President Donald

Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup 12.02.19 One of the best-performing currencies today was the Australian dollar. AUD jumped nearly 1 percent against the U.S. dollar to its strongest level since November 20. On a technical basis, this move goes a long way in nullifying the

The is falling for the seventh straight day and the USD/JPY pair is now threatening to break out of a bearish pattern — driven by a combination of events, geopolitical and economic. One key development was U.S. President Donald Trump’s signing of the Hong Kong bill backing protesters, that is likely to infuriate China and

The has stalled near resistance levels as we approach December, a month which is typically bearish for the greenback. A weaker USD could help break higher for oversold levels and fall from parity. Matt Simpson takes a technical look. USD Could Be In For Tough December Disclaimer: Fusion Media would like to remind you that

Last week’s Canadian data releases beat expectations, yet the dollar finished the week lower against her southern neighbour. and both fell less than expected, while was in line. The market was focused more on speeches by Bank of Canada’s Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins. On Thursday, Poloz said monetary conditions were

Kathy Lien is Managing Director of FX Strategy for BK Asset Management It is a holiday week here in the United States and yesterday’s muted moves had investors looking forward to a quiet rest of the week for currencies. The forex market will trade continuously over the next few days but the equity and bond

The seems set to add another leg to its rally as the U.S. and China agree to continue phase one talks, according to Xinhua, the country’s official state-run press agency. Financial markets in Europe looked to open higher after Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer, with Secretary Steven Mnuchin held a