close
sdf
FEATURED_WallStreetBull
May 27th, 2016

Yellen’s Endorsement Sends Dollar Higher Daily FX Market Roundup 05.27.16 The U.S. dollar traded higher against all of the major currencies today after Yellen said “a rate hike in the coming months may be appropriate.” This was exactly the type of endorsement that the market had been hoping for and they rewarded the dollar as a result. It did not matter that Yellen felt that recent productivity growth was miserable or that there hasn’t been much improvement in wage growth because the timing of the next rate hike was all that mattered. Many investors were still skeptical about 2016 tightening even as market expectations and Fed fund futures began to shift. The rally in the dollar is still relatively modest b...

May 26th, 2016 - Market Drivers May 26, 2016 Cable wobbles on GDP, housing data Yen dips on China Moody's downgrade Nikkei 0.09% Dax 0.27% Oil $50/bbl Gold $1227/oz. Europe and Asia: GBP UK GDP 2.0% vs. 2.1% GBP BBA Loans for House Purchase 40K vs. 45K North America: USD Durable Orders 8:30 USD Pend...

May 27th, 2016 - Yellen’s Endorsement Sends Dollar Higher Daily FX Market Roundup 05.27.16 The U.S. dollar traded higher against all of the major currencies today after Yellen said “a rate hike in the coming months may be appropriate.” This was exactly the type of endorsement that the market had been hop...

May 26th, 2016 - Market Drivers May 26, 2016 Cable wobbles on GDP, housing data Yen dips on China Moody's downgrade Nikkei 0.09% Dax 0.27% Oil $50/bbl Gold $1227/oz. Europe and Asia: GBP UK GDP 2.0% vs. 2.1% GBP BBA Loans for House Purchase 40K vs. 45K North America: USD Durable Orders 8:30 USD Pend...

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...

Hide me
Receive Thought Provoking Forex Commentary Directly to Your Inbox
Show me