Currencies and Forex Analysis & Opinion

A classic example of stopping volume on the 30-minute chart for CAD/JPY with the pair having been under pressure for some time as the rout in oil continues. However, in this example we see...

March 27, 2020Equities pull backDollarfinds a bidNikkei -3.88% Dax -2.11%UST 10-Year 0.771%Oil $22/bblGold $1622/ozBTCUSD $6640 Asia and EUNo Data North America OpenUSD PCI 8:30 After a strong...

The U.S. dollar traded lower against all of the major currencies today after jobless claims topped 3.2 million. We’ve never seen weekly jobless claims at these levels before. They are more than...

The dollar is falling for the fifth straight day after gaining for 7 days out of 8 and surging 8.5%. It might be time to start thinking of getting back in: the greenback has already corrected 2.3% of...

A deal is done. The White House and Senate agreed to a historic $2-trillion stimulus package and this agreement should pass the House easily. Equities and currencies traded sharply higher in response...

Many major currencies are trading higher this morning as stocks staged a voracious recovery at the New York open. The Dow Jones Industrial Average jumped more than 1,000 points or 6.5%. In a normal...

We have not seen such a strong week for the U.S. dollar since the 2008 global financial crisis. This fact alone explains why the greenback has been performing so well. There’s no doubt that...

Governments around the world continued to take steps to shield their economies from further weakness but the continued market sell-off is a sign that investors have little faith that these efforts...

Currencies and equities resumed their slide on Wednesday as Tuesday’s recovery proved to be nothing more than a one-day reprieve. New measures or plans to fight the economic impact of COVID-19...

The U.S. dollar traded sharply higher against all of the major currencies as the Dow Jones Industrial Average closed up more than 800 points. After falling nearly 3,000 points on Monday, U.S. stocks...

The Bank of Canada made a surprise rate cut of 50 bps on Friday to bring the interest rate to 0.75%. Today, the BoC announced it is ready to adjust policy further and use all available market tools to...

ZIRP is BACK! In a dramatic announcement Sunday night, the Federal Reserve cut interest rates by a full percentage point to a range of 0-0.25%, which is basically zero. They also restarted...

The Federal Reserve made another emergency cut yesterday, slashing rates by 100 basis points to close to 0% for the first time since the 2008 financial crisis. The U.S. central bank also launched a...

Daily FX Market Roundup 03.04.20By Kathy Lien, Managing Director Of FX Strategy For BK Asset ManagementThese days, 800-, 900-point moves in the stock market have become the norm. On Tuesday, the Dow...