Selling Homes at Lower Prices

Last updated 5/27/2009 10:40 AM ET (GMT -5) 0 Comments - Add your comment

Kathy Lien

Director of Currency Research, GFT

Although the U.S. dollar opened the NY session on a stronger footing, it remains very weak. All of the major currency pairs such as the EUR/USD and GBP/USD are trading near their year to date highs. However based upon the weekly Commitment of Traders report, speculators have been very short dollars and the lack of buyers on the sidelines is preventing the EUR/USD from staging a meaningful break above 1.40. We still believe that the currency pair will break above that level in the near future.

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About The Author

Kathy Lien began her FX trading career 10 years ago at J.P. Morgan Chase. After graduating New York University’s Leonard Stern School of Business at the age of 18, Kathy joined the bank's interbank FX trading desk and eventually moved to the cross markets proprietary trading desk. In the interbank market, her ability to create solid fundamental and technical analysis from the myriad of information on the market helped her trade forex spot and options. Her experience eventually led her to be chief strategist at Daily FX where she worked until she joined GFT in 2008.

With her knowledge of forex, as well as her experience trading other products, such as interest rate derivates, bonds, equities, and futures, Lien has built a reputation as an international currency analyst. She is frequently quoted on CNBC, Bloomberg, Fox Business and Reuters. Lien has also written for publications like Active Trader, Futures, and SFO magazine. She is the author of the newly updated Day Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves, and the co-author of Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game with Boris Schlossberg.

To buy Kathy’s newly updated Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves, click here.