Canada / New Zealand Articles

November 11th, 2016 - Will the US Dollar Crash and Burn Next Week? Daily FX Market Roundup 11.11.16 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Will the U.S. dollar crash and burn next week? Probably not. Given how quickly and aggressively the U.S. dollar soared since Donald Trump’s victory in the U.S. Presidential election, a correction is in the...

November 10th, 2016 - Dollar Extends Gains but Resistance Nears for Many Pairs Daily FX Market Roundup 11.10.16 Investors continued to buy U.S. dollars today, 48 hours after the 2016 Presidential election. We didn’t get a chance to share our views yesterday because we were busy trading election night and the day after but there’s no doubt that the outcome was a big surprise. It s...

November 8th, 2016 - Can the Dollar Survive the US Presidential Election? Daily FX Market Roundup 11.08.16 It’s Election Day here in the U.S. and in a few hours, we’ll know who becomes the 45th President of the United States. Based on the strength of the U.S. dollar and the rally in U.S. stocks investors are banking on a Clinton victory. This has been one of the most dramatic ...

November 4th, 2016 - Dollar Lives or Dies by US Election – 3 Scenarios Daily FX Market Roundup 11.04.16 Now that the Federal Reserve’s monetary policy meeting and U.S. non-farm payrolls reports are behind us, investors can focus solely on Tuesday’s U.S. Presidential election. Friday’s U.S. jobs report failed to change the market’s expectations for a rate hike in December....

November 3rd, 2016 - FX: Strong Day for GBP but All Eyes on USD, NFPs Daily FX Market Roundup 11.04.16 The best performing currency today was the British pound, which gained more than 1% versus the euro, U.S. dollar and many other major currencies. Before the North American open, the British High Court ruled that the government’s plan for Brexit needs Parliamentary approval. Inves...

November 2nd, 2016 - The Risk of More Dollar Weakness Post FOMC Daily FX Market Roundup 11.02.16 The U.S. dollar traded slightly higher after the FOMC meeting but the Federal Reserve failed to impress so the greenback still remains under pressure and risk of further losses. The central bank said the case for a rate hike continued to strengthen and that inflation increased somewhat ...

November 2nd, 2016 - Market Drivers November 2, 2016 Kiwi bid in hot NZ data EZ Business Confidence improves Nikkei -1.76% Dax -1.30% Oil $46/bbl Gold $1295/oz. Europe and Asia: NZD NZ Employment 4.9% vs. 5.1% NZD NZ Inflation expectations 1.7% AU Building Home Approvals -8.7% vs. -3.0% EZ GE Unemployment -13K vs. -1K North America: USD ADP 8:15 USD FOMC 14:00 Asia s...

November 1st, 2016 - Dollar Tanks as Election Jitters Overshadow FOMC Daily FX Market Roundup 11.01.16 With 7 days to go before one of the most dramatic U.S. Presidential elections in history, politics is clearly overshadowing economics. According to the latest poll from ABC News/Washington Post, Hillary Clinton and Donald Trump are neck to neck with Trump leading Clinton by a sing...

October 28th, 2016 - 8 Reasons to be Trading Forex Next Week Daily FX Market Roundup 10.28.16 You should be trading currencies next week because excluding the U.S. Presidential election on November 8th, the next 5 days are jam packed with major event risks. With 4 monetary policy announcements (from US, Japan, Australia and UK), 4 employment reports (US, Canada, Germany and New Zea...

October 27th, 2016 - Here’s Why USDJPY Broke 105 Daily FX Market Roundup 10.27.16 The big story in the foreign exchange market today was USD/JPY and its break above 105. For the past 5 trading days USD/JPY had been quietly trickling higher and today right around the London close it took out this key psychological barrier. The dollar had been trading strongly throughout the Europe...

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