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Boris and Kathy Forex Weekly 27/2/2017

Posted on: 27 February 2017 , by: Boris & Kathy , category: Market Review

From Trump to Yellen & Bank of Canada While there was very little consistency in the performance of the U.S. dollar this past week the greenback for the most part struggled to rally. It sank sharply versus the Japanese yen and only performed better than the euro.  ... Continue reading...

Boris and Kathy Forex Weekly 20/2/2017

Posted on: 20 February 2017 , by: Boris & Kathy , category: Market Review

Currencies Defy Fundamentals – But This Won’t Last There was very little consistency in the performance of the U.S. dollar this past week with the greenback trading lower versus the Japanese Yen, steady against all of the other major currencies except for sterling.  On a percentage basis, the changes were small but given how far the dollar had rallied at the start of the week, the pullback was significant.   ... Continue reading...

Boris and Kathy Forex Weekly 13/2/2017

Posted on: 13 February 2017 , by: Boris & Kathy , category: Market Review

Forex Outlook: All Eyes on Yellen This Week The U.S. dollar traded lower against most of the major currencies this past week with its most significant losses seen against the Japanese yen and Australian dollar. The only currency that performed worse than the greenback was sterling. ... Continue reading...

Boris and Kathy Forex Weekly 6/2/2017

Posted on: 06 February 2017 , by: Boris & Kathy , category: Market Review

Tough Week Ahead for the Dollar? The U.S. dollar traded lower against most of the major currencies this past week with its most significant losses seen against the Japanese yen and Australian dollar. The only currency that performed worse than the greenback was sterling. ... Continue reading...

Boris and Kathy Forex Weekly 30/1/2017

Posted on: 30 January 2017 , by: Boris & Kathy , category: Market Review

3 Central Bank Meetings, NFP on Deck The first trading week of the lunar New Year will be a busy one for forex traders and the potential for big moves or breakouts will be exacerbated by holidays in China, Hong Kong and Singapore. Having come off the first week of Donald Trump’s Presidency we got a taste of how committed he is to the promises made during his campaign. Currencies see-sawed on his executive orders as investors tried to make sense of their implications for the U.S. and global economy. The ones that had a direct impact on FX included his orders to withdraw from the TPP, construction of the Keystone/Dakota pipeline, plan to build a wall with Mexico and border taxes. The U.S. dollar, which had fallen at the beginning of the week recovered part of its losses by Friday. The biggest winner was USD/JPY but the gains were modest and nominal compared to its losses versus sterling, the Canadian and New Zealand dollars. As for the euro, it ended the week unchanged against the greenback. Although many countries have market moving events on their calendars, the U.S. dollar will remain in center focus and for the most part dictate the general trend of other currencies. ... Continue reading...

Boris and Kathy Forex Weekly 23/1/2017

Posted on: 23 January 2017 , by: Boris & Kathy , category: Market Review

Early Outlook for Dollar Under Trump Presidency There was no Trump relief rally. After selling off at the start of the month, the greenback extended its losses against most of the major currencies in the week leading up to Donald Trump’s inauguration. The new President’s emphasis on protectionism made investors nervous and they expressed their concerns by dumping dollars. ... Continue reading...

Boris and Kathy Forex Weekly 16/1/2017

Posted on: 16 January 2017 , by: Boris & Kathy , category: Market Review

Top 5 Market Moving Events to Trade This Week The first two weeks of the year has been marked by profit taking in the U.S. dollar, U.S. stocks and short Treasury trades. Investors unwound their Trump trades after enjoying strong gains at the end of 2016. As a result the greenback traded lower against all of the major currencies except for sterling, which was kept under pressure by Brexit worries. In the coming week we have a very busy event risk calendar that should provide plenty of trading opportunities.  ... Continue reading...

Boris and Kathy Forex Weekly - 9/1/2017

Posted on: 09 January 2017 , by: Boris & Kathy , category: Market Review

Will Dollar Extend its Gains in the New Week? The first trading week of 2017 has not been kind to the U.S. dollar. The greenback traded lower against all of the major currencies except for sterling. Profit taking at the start of the year is not unusual but with the December jobs report satisfying the bulls, we don’t anticipate a deep pullback in the dollar. ... Continue reading...

Boris and Kathy Forex Weekly - 3/1/2017

Posted on: 03 January 2017 , by: Boris & Kathy , category: Market Review

Dollar Finishes Strong, 2017 Should be Another Good Year A New Year means new trading opportunities and January starts off with a bang.  The past quarter has been a great one for the U.S. dollar and further gains are likely in the coming year.  The first week of the year starts off with a very busy economic calendar. Countries around the world will be releasing ISM and PMI numbers, the FOMC minutes and account of the last ECB meeting are scheduled for release along with employment reports Germany, the U.S. and Canada. Although there was a bit of a pullback this past week, most institutional and retail investors are stepping into this New Year with a bounce in their steps and optimism in their minds. ... Continue reading...

Boris and Kathy Forex Weekly 19/12/2016

Posted on: 19 December 2016 , by: Boris & Kathy , category: Market Review

Dollar Bulls Remain in Control But Will They Let Up This Week? It was another great week for the U.S. dollar. The greenback rose 2% versus the Japanese Yen, Australian and New Zealand dollars. The move was driven by hawkish comments from the Federal Reserve who plans to continue raising interest rates in 2017.  However after such extended moves, it is natural to expect profit taking especially with trading activity, volume and liquidity declining over the next 2 weeks.  Yet it would be remiss for forex traders to automatically assume that investors will bank profits at the end of the year because history does not confirm it. Taking a look at how the dollar behaved during this period in past years, a further squeeze is more likely than consolidation and a reversal.  As we saw over the Thanksgiving Day holiday, thin liquidity conditions can spark exaggerated moves.  Over the last holiday weekend, EUR/USD dropped to a fresh year to date low right above 1.05 and USD/JPY broke above 112 for the first time since March.  In 2015, there was some profit taking in the dollar after the run up to the December 2015 rate hike but the correction began in early December. In 2014, 2013 and 2012, there was a final push in the existing trend in the 2 or 3 days before Christmas with a stronger reversal happening in the New Year. This does not mean we won’t see profit taking but you shouldn’t bank on it.  ... Continue reading...

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