Kathy Lien
BK Asset Management
Here are 4 reasons why the US dollar is very strong
Here's 4 Reasons for Strong US Dollar and My Thoughts on What Could Trigger a Sustainable Decline
— Kathy Lien (@kathylienfx) September 28, 2023
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Editors’ Picks
EUR/USD clings to gains above 1.1700 amid EU-US trade optimism
EUR/USD posts small gains above 1.1700 in the European session on Thursday. The pair stays supported as the US Dollar faces headwinds from lingering US tariffs and economic woes while the Euro capitalizes on increased hopes of an EU-US trade deal. Attention turns to central bank talks and mid-tier US data for fresh trading impetus.
GBP/USD stays well bid above 1.3600 as US Dollar continues to sag
GBP/USD trades with moderate gains above 1.3600 in European trading on Thursday. The US Dollar softens against the Pound Sterling amid growing uncertainty around the impact of Trump's tariffs on the economy and the Fed's interest rate outlook. Fedspeak and US data are awaited.
Japanese Yen flat lines against USD amid mixed cues; bearish bias seems intact
The Japanese Yen attracts some intraday sellers and stalls its recovery from a two-week low against USD. Trade jitters keep investors on edge and help limit deeper losses for the safe-haven JPY, capping USD/JPY. Expectations that the Fed will cut rates in 2025 weigh on the USD and also act as a headwind for the pair.
Editors’ Picks
EUR/USD clings to gains above 1.1700 amid EU-US trade optimism
EUR/USD posts small gains above 1.1700 in the European session on Thursday. The pair stays supported as the US Dollar faces headwinds from lingering US tariffs and economic woes while the Euro capitalizes on increased hopes of an EU-US trade deal. Attention turns to central bank talks and mid-tier US data for fresh trading impetus.
Crypto market sees $500 million in liquidation as Bitcoin hit record highs amid dovish Fed minutes
Bitcoin reached a new all-time high of $111,999 on Wednesday amid dovish Fed minutes, fueling wider market optimism. CoinGlass data shows that over $500 million in leveraged positions were liquidated across crypto markets in the past 24 hours.
Gold price retains its positive bias amid a broadly weaker USD; lacks bullish conviction
Gold price trades with a mild positive for the second straight day on Thursday, though it lacks follow-through and remains below the $3,350 level through the early European session. Reports that US President Donald Trump was considering replacing Federal Reserve Chair Jerome Powell raised concerns over the future independence of the US central bank.
Bitcoin Cash targets 52-week high as on-chain data indicate room for growth
Bitcoin Cash (BCH) is trading in the green by 2% at press time on Thursday, following a 6.39% price surge on Wednesday. Rising in a parallel channel pattern, BCH shows signs of increasing bullish momentum and nearing the $500 psychological level.
Could Iran block the Strait of Hormuz? Why Oil is on edge after US strikes
As the Israel-Iran conflict reaches new heights, an old threat is coming back to haunt the markets: that of the closure of the Strait of Hormuz. This narrow arm of the sea in the Persian Gulf, wedged between Iran to the north and the United Arab Emirates and Oman to the south, is much more than a simple sea passage.
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