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Daily FX Market Roundup 11.07.18By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. With the U.S. Midterm Elections behind us and the Democrats victory in the House, the U.S....
It should be no surprise that there was limited activity in the forex market today ahead of the US midterm elections. Most of the major currencies began the NY session under pressure but as the...
As has happened more than once recently, as well as again earlier today, the pound sterling was given a boost, on hopes of a Brexit deal. However, when Labour ruled out voting for the deal, the UK...
EUR/USD is currently bouncing off a 1.1312 low (31 October), heading toward 1.1430 short-term. Italy’s deficit budget proposal of two weeks ago has pushed the single currency down against major...
Market OverviewIt is not unusual to say that traders will be watching the US for their trade guidance, and so today is no exception as traders look to the US mid-terms as a driver of near term...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.One of the biggest political events this year is the U.S. Midterm Elections. Historically, these elections do not have a...
The EUR/USD’s sharp rebound from long-term support at 1.13 came to an abrupt halt on Friday and the weakness has persisted at the start of this week, although so far, we haven’t seen any...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar traded higher on the back of the nonfarm payrolls report but it was the confusion around US-China trade...
Market OverviewThere is a strange air of positivity that is surrounding financial markets today and this is helping to turn sentiment. First of all, could it really be true that the UK and the EU are...
The Bank of England has revealed the latest decision on interest rates, reported the meeting minutes, which include the breakdown of the votes, and published the latest Quarterly Inflation Report...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.October may have been a great month for the U.S. dollar but as we begin the final 2 months of the year, the greenback is losing...
The dollar has taken a hit today on multiple fronts. First, both the euro and the pound gained against the dollar on Brexit hopes. Then, the yuan bounced from a decade low after China's leadership...
Markets Brexit BoE Gold and Oil Is the sell-off over or just getting started? Onwards and, hopefully, upwards is the collective feeling in the markets on Thursday as investors bid farewell to red...
Wednesday October 31: Five things the markets are talking aboutOctober was the worst month in six-years for global equities, and despite a 48-hour reprieve on the final two-day’s of trading as...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.It may be Halloween but the last trading day in October was a not so scary day for the financial markets. The Dow Jones...