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By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Thursday was a lively day for currencies. The initial focus was on the British pound and the Bank of England’s monetary...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.In the next 24 hours, FX traders will turn their focus to the British pound because Thursday’s Bank of England monetary...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.We are finally beginning to see some two-way action in currencies. Investors are no longer buying dollars against everything...
The Canadian dollar lost ground against the USD at the beginning of the week as the market continue to price in the effect of the Canadian and American jobs reports published on Friday. Canada lost...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. It’s a new trading week and the U.S. dollar is the strongest currency. For the past 3 months, USD has been beaten down --...
The US Added Less Jobs Than Expected in April After a Soft Employment Data WeekThe dollar lost upward momentum after the U.S. non farm payrolls (NFP) report showed a gain 160,000 jobs after a forecast...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. You can kiss a June Federal Reserve rate hike goodbye after Friday’s nonfarm payrolls report. The U.S. economy added the...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The U.S. dollar held onto this week’s gains and traded higher against many of the major currencies ahead of...
Global stock markets are trading lower again this morning. US index futures for the Dow and S&P are trading down about 0.7%. Continental indices in Europe like the Dax and CAC are also down about...
The USD recovered after touching multi-month lows versus majors and investors started taking profits from the oversold dollar position. The Canadian dollar was pushed lower as oil prices tanked with...
Forex markets experienced broad USD strength across the board, exaggerated by weakness in commodity currencies AUD and CAD.AUD/USD was hammered following the Reserve Bank of Australia’s decision...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Tuesday's big story for the foreign-exchange market was the sharp decline in commodity currencies. The Australian dollar led...
Just as I warned, the dollar has signaled another failed intermediate cycle.There’s no longer any question. The deflationary, dollar-to-120 scenario is out the window. Just like I predicted,...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.You’ve heard the old saying, 'sell in May and go away'. It’s a well-known investment strategy for stocks that...
The U.S. dollar is lower against major pairs ahead of employment data.The USD depreciated against major pairs after the Federal Open Market Committee (FOMC) decided to hold rates unchanged in April....