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It was hardly a surprise that the EU leaders would approve UK's withdrawal agreement on Sunday. This was more a formality than anything else, as underlined by a mutated initial reaction in the pound...
On Sunday, European Union leaders accepted a Brexit deal package from UK Prime Minister May. Currently EU leaders, with the exception of Spain, are backing the deal but time will tell if the political...
Market OverviewAfter a brief period of contemplation over Thanksgiving last week, in the thin markets of trading on Friday, the dollar bulls seemed to be ready to take the reins once more. Plummeting...
Daily FX Market Roundup 11.23.18.By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The biggest story last week was the meltdown in equities that spilled over to currencies. U.S....
The euro was trading weaker on the back of today’s publication of softer-than-expected Eurozone purchasing managers’ indices (PMIs) data, underscoring concerns over growth in the single...
The pound rose by 0.77% following yesterday’s announcement of a Brexit deal, but there is a long road yet ahead to ratification. The 27 European Union member states will vote on Sunday 25...
Market OverviewThe world does not stop revolving when the US has a public holiday, but the extended nature of Thanksgiving takes a chunk of traders out of the market resulting in lower liquidity and...
Sparse news and earnings flow in Europe concentrates minds on the year’s corrosive drivers of risk appetite.A day for giving backIt appears participants are coming to the same assessment we...
There’s been a strong move higher in the pound in recent minutes following positive Brexit-related reports.EU and UK negotiators are said to have agreed upon a draft text of future ties...
Daily FX Market Roundup 11.21.18By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.*Happy Thanksgiving to my friends in the US!After Tuesday’s sharp slide in U.S. equities,...
Losing ground since last Wednesday, European equities are giving signs of recovery in early trading session. Spurred by the expectations of a budget revision from Italian populist coalition, the...
With stocks, crude oil and cryptocurrencies making big moves this week, the traditional FX markets have been a little quieter in what has been a light week for economic data.Still, currencies which...
Daily FX Market Roundup 11.20.18By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. U.S. stocks sold off sharply Tuesday as the decline in equities sent currencies tumbling lower....
A lack of resignations following last Thursday’s initial flurry of Cabinet departures, and the ongoing failure of the much-discussed 48 letters of no confidence to actually materialise, meant...
With equities (and cryptocurrencies) tumbling, volatility is clearly there, even if this week will be a quieter one for economic data. But can volatility remain elevated, especially towards the end of...