Forex: Week Ends with Ongoing Deutsche and OPEC Uncertainty Daily FX Market Roundup 09.30.16 This past week was suppose to be a quiet one in the foreign exchange market but between OPEC’s decision to cut oil production for the first time in 8 years and the brewing banking crisis in Europe, we’ve seen a sharp increase in volatility across the financial markets. U.S. stocks traded lower as risk aversion permeated the equity and currency markets. Investors practically forgot about the Federal Reserve’s potential rate hike at the end of the year and discounted the significance of stronger consumer confidence, service sector activity, durable goods, trade and GDP data. These reports strengthen the case for a Dece...
September 30th, 2016 - Market Drivers September 30, 2016 DB woes send all EU bank lower UK GDP beats Nikkei -1.46% Dax -1.43% Oil $47/bbl Gold $1329/oz. Europe and Asia: AUD Private Sector Credit 0.4% vs. 0.6% JPY BOJ Core CPI 0.4% vs. 0.6% EUR GE Retail Sales -0.4% vs. -0.2% GBP UK Current Account -28.7B vs...
September 28th, 2016 - USD/CAD Crashes on OPEC Deal Daily FX Market Roundup 09.28.16 Currencies traded quietly for most of the North American session until OPEC announced that it reached a deal to cut production. This is the first production cut in 8 years and highlights the frustration that oil producing nations fe...
September 30th, 2016 - Forex: Week Ends with Ongoing Deutsche and OPEC Uncertainty Daily FX Market Roundup 09.30.16 This past week was suppose to be a quiet one in the foreign exchange market but between OPEC’s decision to cut oil production for the first time in 8 years and the brewing banking crisis in Europe, w...
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...
