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Between Facebook’s weak earnings and negative guidance, a rate hike from the Bank of England and concerns about inflation from the European Central Ba

Daily FX Market Roundup 06.03.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded sharply higher against all of the major currencies on Thursday with USD/JPY closing above 110 for the first time since April which is a sign that investors are positioning for a strong report. Last month’s jobs number was abysmal with U.S. companies adding only 266K new workers. Economists are looking for job growth to more than double in May but the problem is that other U.S. indicators favor a softer report. Although weekly jobless claims fell below 400K for...

March 4, 2021 Daily FX Market Roundup 03.04.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded sharply higher against all of the major currencies after Federal Reserve Chairman Powell expressed little to no concern about the recent spike in yields. Ten year Treasury yields climbed 4%, closing in on one year high. Stocks crashed in response with the Dow Jones Industrial Average falling more than -300 points. The spike in yields is bad for stocks because higher borrowing costs slows the recovery. The benchmark 30 year mortgage rate for example...

Keeps going. it's offset by job growth. >> it is. lenar reported that homes went from 500,000 to 700,000 in one year. they're expensive. there's no starter homes out there. there's nothing under $300,000. we have issues with home prices. that might be the toughest area of the market. the rest of the market, we have the adp jobs reports. 230,000 jobs. the street -- >> neil: these are service sector? >> the private jobs. >> the service sector are phenomenal. >> the employment component is the highest ever. so we came into the week thinking between 182 and 180 jobs. by friday morning, wall street...