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Boris and Kathy Forex Weekly 19/6/2017

Posted on: 19 June 2017 , by: Boris & Kathy , category: Market Review

Is the Dollar Still a Buy?  On the surface, it appears to have been a great week for the U.S. dollar with EUR/USD peaking below 1.13 and USD/JPY climbing from a low of 108.83 to a high of 111.40. However, if we look beyond these 2 pairs, the dollar’s performance was uneven with the greenback losing ground versus the Canadian and Australian dollars and ending the week virtually unchanged against sterling and the New Zealand dollar.  ... Continue reading...

UK Election Fallout – Have we opened Pandora’s box?

Posted on: 14 June 2017 , by: Darren Sinden , category: Market Review

UK Election Fallout – Have we opened Pandora’s box? Before I went home on Thursday evening last week, I was asked – “Which way would you want to be in Sterling overnight?” The colleague that asked the question told me he would regard my answer as a reverse indicator. Not because he didn’t value my opinion, but because he felt that whatever your intuitive reaction was in these situations you should do the exact opposite.  As it turns out he was right. ... Continue reading...

Boris and Kathy Forex Weekly 12/6/2017

Posted on: 12 June 2017 , by: Boris & Kathy , category: Market Review

Will UK Election Results & 4 Rate Decisions Roil FX This week? In New York, we are meant to be at the start of summer with the weather beginning to warm up but investors are getting chills from the volatility in the British pound this past week. Sterling dropped more than 2% on Thursday evening to its weakest level in 6 weeks and the worst may be yet to come. But before getting into that, it is important to mention that the uneven performance of the U.S. dollar could be short-lived as Wednesday’s Federal Reserve meeting should lead to a one way move in the greenback. The U.S. dollar performed well against all of the European currencies but lost ground against the comm dollars. The best performing currency was the Australian dollar and the worst was the British pound. ... Continue reading...

UK General Election – A Momentous Week for Great Britain

Posted on: 07 June 2017 , by: Darren Sinden , category: Market Review

UK General Election – A Momentous Week for Great Britain We have just three days to go until what, for Great Britain, may be one the most defining political events of the last two decades. Namely the UK General Election. The result will strongly influence the UK’s future relationships with Europe and other nations across the globe. ... Continue reading...

Boris and Kathy Forex Weekly 5/6/2017

Posted on: 05 June 2017 , by: Boris & Kathy , category: Market Review

USD Sinks as AUD, EUR, GBP Come in Play The surprisingly soft non-farm payrolls report on Friday sent the U.S. dollar tumbling against all of the major currencies but even with the decline, the greenback did not end the week universally lower. The greenback lost ground versus the euro, Japanese yen, Swiss franc, British pound and New Zealand dollars but saw gains versus the Australian and Canadian dollars. We expect continued inconsistency in the performance of the dollar in the coming week as non-U.S. centric developments such as rate decisions and an election in the U.K. drive currencies flows. ... Continue reading...

Boris and Kathy Forex Weekly 29/5/2017

Posted on: 29 May 2017 , by: Boris & Kathy , category: Market Review

Will the Buck Bounce Back? We are coming off the heels of an interesting week for the U.S. dollar which ended the week stronger versus the British pound, weaker versus the New Zealand dollar and basically unchanged against other major currencies. This divergence can be explained by the market’s fading confidence in the Federal Reserve. Fed Fund future are pricing in 100% chance of a June hike but data and the FOMC minutes suggest otherwise so investors are waiting for a reason to swing one way or the other. CAD and NZD outperformed on local news whereas EUR and GBP were hit by growing uncertainty in inflation and/or the economy in Europe. Looking ahead Friday’s non-farm payrolls report will be the true test for the dollar. ... Continue reading...

Boris and Kathy Forex Weekly 22/5/2017

Posted on: 22 May 2017 , by: Boris & Kathy , category: Market Review

Can Donald Trump Rescue the Dollar? The U.S. dollar came under heavy selling pressure this past week with the greenback breaking key support levels against the Japanese yen, euro, British pound and other currencies. The best performer was the Swiss franc which soared over 2.8% versus the greenback and that was followed by the euro and yen. The New Zealand and Australian dollars lagged behind but still managed to rise nearly 1%.  ... Continue reading...

Boris and Kathy Forex Weekly 15/5/2017

Posted on: 15 May 2017 , by: Boris & Kathy , category: Market Review

Is the U.S. Dollar Destined for More Losses? There was very little volatility in the dollar this week. It rose the most against the Norwegian krone and fell the most against the Swiss franc but the movements were contained to less than 1%. This suggests that for now the market remains in a general state of equilibrium, although the near universal decline against the majors may be a hint that some profit taking in the greenback may be due ... Continue reading...

Boris and Kathy Forex Weekly 8/5/2017

Posted on: 08 May 2017 , by: Boris & Kathy , category: Market Review

Will EUR 1.10 and USDJPY 113 Break This Week? It was a great week to be long U.S. dollars versus the Japanese yen and commodity currencies but long dollar trades struggled against the euro, sterling and New Zealand dollar. ... Continue reading...

Boris and Kathy Forex Weekly 1/5/2017

Posted on: 01 May 2017 , by: Boris & Kathy , category: Market Review

Between FOMC, French Election & NFP – Forex Ranges Could be Broken After all of the excitement from the French election, Donald Trump’s “big” tax reform announcement and the prospect of another U.S. government shutdown, there was very little consistency in the performance of the dollar. The gaps after the election were left unfilled but the gains also did not continue. That's because the market is sceptical of the lofty expectations for Fed tightening, the U.S. President’s plans for growth and the hope that Emmanuel Macron’s victory in France will end all of the Eurozone’s troubles. With that in mind, the best performing currency this past week was the euro and the worst was New Zealand dollar. Commodity currencies in general underperformed as money shifted into European assets. Now Investors are looking to this week’s jam packed economic calendar to determine whether these currencies deserve to be trading as high or low as their current levels and given the significance of some these events, we could see some big moves in the foreign exchange market.  ... Continue reading...

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