Boris and Kathy Forex Weekly – 6/6/2016
June 6, 2016 1:05 amVideo
Latest News
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Boris and Kathy Forex Weekly – 6/6/2016
Big Week for Currencies – 4 Central Bank Meetings and MORE! The big story for the dollar this week was Fed Chair Janet Yellen’s speech on Monday. She avoided saying that “rates will rise in the coming months,” and that sent the dollar tumbling because investors interpreted it to mean that a summer rate hike won’t be happening. U.S. data and the Federal Reserve’s monetary policy announcement will be the main focus but there are key releases from many parts of the world that can have a significant impact on currencies. This means it won’t be a week where direction is dictated solely by the market’s appetite for U.S. dollars. Instead there will be just as many if not more opportunities for relative value plays in currency crosses. Had last week’s non-farm payrolls report been strong …
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