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Yellen
February 10th, 2016

FX: 3 Key Takeaways from Yellen’s Testimony Daily FX Market Roundup 02.10.16 No decisions have been made about raising interest rates in March according to Janet Yellen but don’t be mistaken - the odds of tightening next month is declining rapidly. Given the sharp sell-off in global equities, the strong dollar and a continued drop in oil prices, the Fed Chair’s back was against the wall and she had no choice but to acknowledge the new pressures on the U.S. economy. According to her testimony, the central bank is no longer looking to raise rates 3 to 4 more times this year like the December dot plot suggests because we’re now looking at only 1 and at best 2 rate hikes in 2016. With that in mind, Yellen has...

February 11th, 2016 - Market Drivers Feb. 11, 2016 USD/JPY drops like a stone in early European trade Gold breaks $1200/oz. Nikkei -2.31% Eurostoxx -2.96% Oil $26/bbl Gold $1223/oz Europe and Asia: no data North America: USD Unemployment Claims USD Yellen Testimony 10:00 It’s been another night of sh...

February 10th, 2016 - FX: 3 Key Takeaways from Yellen’s Testimony Daily FX Market Roundup 02.10.16 No decisions have been made about raising interest rates in March according to Janet Yellen but don’t be mistaken - the odds of tightening next month is declining rapidly. Given the sharp sell-off in global equit...

February 9th, 2016 - Is Yen in Intervention Territory? Daily FX Market Roundup 02.09.16 Markets are falling and the Yen is rising. Since the beginning of the month the Japanese Yen is up more than 5% against the U.S. dollar. The Yen is a funding currency and it is falling hard as investors bail out of risky trades...

December 24th, 2015 - British Pound and the Defining Issues for 2016 By Kathy Lien, Managing Director for BK Asset Management 2016 will be a defining year for the British pound – a year when politics will overshadow economics. Considering that sterling ended the year near 7 month lows against the U.S. dollar, so...

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