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December 9th, 2016

Will the Fed Kill the Dollar Rally? Daily FX Market Roundup 12.09.16 With 3 central bank rate decisions on this past week’s calendar, it has been a very lively week in the foreign exchange market. The greenback traded higher against all of the major currencies, rising to its strongest level versus the Japanese Yen in 10 months. Since no major U.S. economic reports were released over the past week, the rally in the greenback was driven entirely by the renewed momentum in U.S. yields and decline in U.S. bonds. What’s interesting about the move in yields and rise in the dollar is that it was sparked by the European Central Bank’s rate decision. When investors realized that the ECB has no immediate plans t...

December 9th, 2016 - Market Drivers December 9, 2016 UK Trade data better Euro Stabilizes at 1.0600 Nikkei 1.23% Dax -0.15% Oil $51/bbl Gold $1173/oz. Europe and Asia: AUD AU Home Loans -0.8% vs. -1.0% GBP UK Trade Balance -9.71B vs. -11.8B North America: USD U of M 10:00 It’s been a relatively subdue...

December 9th, 2016 - Will the Fed Kill the Dollar Rally? Daily FX Market Roundup 12.09.16 With 3 central bank rate decisions on this past week’s calendar, it has been a very lively week in the foreign exchange market. The greenback traded higher against all of the major currencies, rising to its strongest le...

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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