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The US dollar is up for the second consecutive week against a basket of foreign currencies, owing to decent macro data from the world’s largest economy and progress on the tax reform bill. The...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The U.S. nonfarm payrolls report is one of the most important pieces of data scheduled for release this week and it will play a...
Is GBP/JPY going to make new highs? GBP/JPY has shown difficulty to stay above the resistance level at 150.00 and as we can see on daily time frame chart, after the price breaks the downside channel...
Market Overview The dollar is starting to regain some strength as traders begin to prepare for Non-farm Payrolls data tomorrow. The Dollar Index has now broken a four week downtrend and is now...
EUR/USD: Downside Action More Likable Ahead of Draghi SpeechEUR/USD has entered the fourth cosolodation session with choppy sideways trading. The pair has failed to stay above 1.1800 (10-EMA) level...
As the US dollar continued to rebound on Wednesday, the Canadian dollar fell sharply after the Bank of Canada issued its latest interest rate decision and statement. The central bank kept its...
Among the major currencies, one of the potential winners in 2018 could be the British pound. There is a good possibility sterling will bounce back strongly as UK wages recover, putting further upward...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The Bank of Canada’s monetary policy announcement was one of this week’s most important event risks and it did not...
Market Overview Risk sentiment has gone into reverse as potential for a US government shutdown looms overhead and the impetus from tax reform is waning. Since tax reform was passed in the Senate,...
On Tuesday in Sydney, the Reserve Bank of Australia held its cash rate steady at the record low 1.50%, as widely expected. Little was changed in the RBA’s new rate statement except that the...
The Bank of Canada is highly unlikely to raise interest rates at the conclusion of its policy meeting on Wednesday. After increasing rates twice in July and September, the BoC kept its policy...
EUR/USD edging lower EUR/USD lies in a short-term bearish momentum. Hourly resistance is given at 1.1961 (27/11/2017 high). Hourly support is given at 1.1809 (30/11/2017 low). Expected to show...
The RBA cash rate target has been maintained again at 1.50%. It is now the 16th consecutive month in a row that the rates have been held at this level. It has also been since 2010 that the rates have...
One of our core themes for 2018 will be the ascension of the EU from fragile union to a unified political and economic force. We can see the start of this transformation in the current EU/UK Brexit...
Market Overview The dollar bulls have been spluttering in the early part of this week despite the apparent support of tax reform. With passing tax reform through the Senate, Donald Trump is one step...