Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup May 23, 2019 For the lack of major US economic reports, it was a very active day in the forex market. The greenback, which traded well against , and other currencies prior to the NY open u-turned and ended the

The Canadian dollar lost 0.19 percent on Wednesday. The gave back the gains from Tuesday when optimism about USMCA ratification and trade goodwill made the currency an outlier of major pairs. Safe haven currencies were the big draw in the market with the JPY and the CHF rising against the U.S. dollar, while the greenback

Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup May 22, 2019 EU Elections And Their Potential Impact Keep an eye on because there could be big moves in the currency over the next few days. European elections kick off on Thursday and the rising power of a nationalist

Inflation in the U.K. has now scaled above the Bank of England’s 2% target, and London economists expect annual to reach 2.1%. If they are right, it would be the fastest pace since December. Of course, interest rates often travel in the wake of inflation, and if prices continue to rise, any potential rate action

Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup May 20, 2019 Mark your calendars. This week should be another busy one for currencies. Like recent weeks, economic reports will take a back seat to headline risk. Sino-US relations remain a key focus but we’ll be on the lookout

The Canadian dollar fell 0.17 percent Thursday after trade war concerns eased as the U.S. is delaying or near an agreement on auto and aluminum tariffs to focus on China. The greenback rose as it was the preferred destination for refuge if a deal between the U.S. and China can’t be reached. Oil prices and

Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup May 16, 2019 With U.S. equities rebounding for the third day in a row, the traded higher against all of the major currencies on Thursday. Better-than-expected U.S. economic reports certainly helped as and recovered from last month’s declines. Manufacturing activity

Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup May 15, 2019 U.S. retail sales was the main focus today and if that was the only story, the would be trading much lower against all of the major currencies. The contraction in caught the market by surprise. Instead of

Despite Japan’s economy worsening for the first time in six years, the yen is strengthening. The Cabinet Office’s coincident index of business conditions fell 0.9 point in April from March to 99.6, falling below the 100 base. This is the key composite index of economic indicators, and it’s reinforcing the view that the country’s economy

Kathy Lien, Managing Director Of FX Strategy For BK Asset Management Daily FX Market Roundup May 15, 2019 U.S. equities rebounded Tuesday but the lack of a meaningful recovery in currencies is a sign that FX traders do not share the optimism. The traded higher on the hope that trade tensions will hurt other countries