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December 8th, 2016

The ECB Wants Euro to Fall Daily FX Market Roundup 12.08.16 The European Central Bank wants the euro to fall and that is exactly what the euro did after the monetary policy announcement. Economists had been looking for asset purchases to continue for only 6 months beyond the previous soft end date and instead they were extended by 9 months from March to December. The amount of bonds bought per month between April and December was reduced to 60 billion euros instead of 80 billion euro which at first glance may appear as if the ECB is slowing bond purchases but 6 more months of bond buying at 80 billion equals 480 billion euros whereas 9 months of 60 billion is 540 billion euros. This misinterpretation was why EUR/...

December 8th, 2016 - The ECB Wants Euro to Fall Daily FX Market Roundup 12.08.16 The European Central Bank wants the euro to fall and that is exactly what the euro did after the monetary policy announcement. Economists had been looking for asset purchases to continue for only 6 months beyond the previous soft end...

December 6th, 2016 - CAD: Will Trump Worry the Bank of Canada? Daily FX Market Roundup 12.06.16 After the Italian referendum, the forex market turned its focus to 3 monetary policy announcements. The Reserve Bank of Australia was the first central bank to meet last night – they left interest rates unchanged and...

November 30th, 2016 - Dollar Rips Higher, OPEC Reaches Deal Daily FX Market Roundup 11.30.16 The OPEC meeting may have been the main focus today but the soaring U.S. dollar was the big story. The greenback ripped higher against all of the major currencies with USD/JPY breaking above 114 in the process. The currenc...

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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