By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The U.S. dollar started the week firmer against many currencies including the euro, Japanese yen and New Zealand dollar. After...
Last week I asked whether it was end of days for the USD, based largely on the fading set of US economic data, which in fairness happens in times of a 'gradual' recovery: going through the familiar ...
The eurozone flash PMIs released this morning were mostly weaker than expected. Yet there was little reaction in the EUR/USD, which actually started to come off the lows having started the day on back...
Prime Minister May has served her purposeThe UK Parliament has reached summer recess without the need for a further general election. That minor victory, it seems, was all that was expected of Theresa...
First, a review of last week’s forecast: - The main view on EUR/USD was that it would break through1.1500 and grow to the 2016 high at 1.1615. The next target would then be the maximum of August...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The week just ended was marked by multi-year highs for many currencies. The biggest milestone was reached by the Australian ...
As we had expected, the euro continued its upsurge yesterday even as the European Central Bank tried to appear as dovish as it possibly could in the current circumstances. Mario Draghi, the ECB ...
Market Overview The euro has been strong in the wake of the ECB meeting, but is the move sustainable? The market reaction to the ECB was curious yesterday. The ECB have a fine balancing act to play in...
Davis and Fox; Brexit HawksIf anyone in the UK didn’t believe that Brexit was going to happen, they should have had their eyes very firmly opened yesterday. The first joint press conference ...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Concerns for low inflation are limited. While European Central Bank head Mario Draghi said Thursday that measures of ...
Draghi and the ECB may have been dovish at today’s meeting, however that hasn’t stopped the euro from rallying to key resistance levels. Why is the euro rallying when the ECB is dovish? ...
The European Central Bank press conference is today’s most anticipated event where Mario Draghi could make clear ECB’s plans regarding the future path of eurozone monetary policy. In its ...
After the strongest growth observed since last Friday, when disappointing data on inflation in the US were published, yesterday the EUR/USD was declining. Its decline was mainly due to profit taking ...
Market Overview Forex markets are consolidating ahead of the main risk event of the week as the ECB gears up for its latest monetary policy announcement. The market is very long on the euro, and ...
The two main events on Thursday for currency markets will centre on major central bank decisions from the European Central Bank and Bank of Japan. Both of these events have the potential to make ...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Just hours ahead of the European Central Bank's monetary-policy announcement saw profit taking drive EUR/USD off its highs. ...
by Pinchas Cohen On July 3 we forecast that the euro would cross over its 2-year downtrend line against the dollar. Today, it’s set to make its fourth close above the trend line since July 14. ...
