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All good things come to an endIt is human nature to look under the bed for imagined terrors or subscribe to a view that if something is labelled too good to be true it usually is! So how do we view a...
The pound managed to climb to its best level since September 2016 against the US dollar today. That was despite news UK construction PMI came in weaker at 51.9 vs. 54.3 expected. In the US, the ADP...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Sterling is trading near a 2-year high ahead of the Bank of England’s monetary policy announcement and this strength...
The euro versus the dollar: euro tests up to a two year high and starts looking at the Long MA resistance…as do other currencies. Meanwhile Bitcoin has a Key Reversal Down. Here is my FX &...
This morning EUR/TRY gapped down at the opening of the market, making a low under the previous daily close, as shown by the HLOC, and then started climbing. The pair has already gained 4% since the...
We do not hear the EURUSD parity callers anymore. The reason is the 1500 pips wild rally from 1.036, but what caused the rally is more interesting. It is this giant bull flag which formed since 2008...
For the past three weeks, USD/JPY has followed a steep path to the downside as the US dollar has continued to be pressured by sustained dovishness from the Federal Reserve along with underwhelming US...
New Zealand’s employment figures for the second quarter will be released tonight at 23:45 BST (Wednesday morning NZ time). Employment is expected to have risen 0.7% in Q2 following an increase...
We will refrain from trying to call (yet another) base for the USD against the EUR and GBP at the present time, as the greenback is getting no favours from the political backdrop, which has claimed...
Trump Presidency reaches new level of crazyIt seems American cabinet members how have a “life expectancy” of just a little longer than kamikaze pilots and need a similar outlook on...
The last time that very similar economic releases from the US and Canada were pitted against each other was just this past Friday, when GDP data for both countries (in different formats) were released...
Aside from the Reserve Bank of Australia’s key policy decision scheduled for Tuesday, the current week will be focused primarily on major economic data releases and other macro events emanating...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management It is not unusual to see big moves in currencies at the end of a month but Monday’s fluctuations give investors a taste of...
EUR/USD Friday's USD sell off after the US GDP figures sent the EUR pair back into the mid 1.1700's, but traders lacked the momentum to push higher, though we have seen this before, so will refrain...
Market Overview Safe haven plays have been performing well after weaker US data, more political woes for Trump and this morning’s disappointment in Chinese PMIs. With sluggish US growth in the...