Dollar Shrugs Better Than Expected NFP, Still Struggling to Extend Rebound
Reactions to the better than expected job data from US and Canada are rather muted. The greenback is currently trying to extend recovery. Yet, it’s still the worst performing one for the week. Eyes remain on developments of US-China relations....
Dollar Recovers on US-China Tech War, But Big NFP Challenge Ahead
The markets turn into mild risk-off mode in Asia, after US President Donald Trump stepped up the tech war with China, by banning TikTok and WeChat. Commodity currencies are generally lower as lead by Australian Dollar. On the other hand,...
Dollar Stabilizes after Jobless Claims, But No Rebound Yet
Sterling remain remains the strongest one for today, as it’s maintaining post BoE gains. Nevertheless, there is no apparent follow through buying after the initial surge. On the other hand, Dollar appears to be stabilizing mildly, and it’s receiving some...
Sterling Lifted after BoE, Dollar Remains the Worst One for the Week
Sterling strengthens generally today after BoE stands pat. Even though investments remained weak, the central offered some optimism in the way that spending recovered significantly. At this point, Euro is the second strongest, followed by Yen. New Zealand Dollar and...
Dollar Selloff Intensifies after Huge Miss of ADP Job Data
Dollar’s selloff intensifies in early US session after ADP job report hugely missed expectations. The strong upward revision in prior month’s figure just make the picture looks worse, exaggeration the steep slowdown in labor market rebound. At this point, Yen...
Dollar Tumbles as Gold and NASDAQ Hit New Records
Dollar is back in selloff mode again after rebound attempt failed. The broad based trend against the greenback is clear, with gold hitting new record high above 2000 handle. WTI crude oil is also back above 41, pressing 42 handle....
Dollar Having Another Rebound Attempt, Sterling Pulls Back
Dollar is having another rally attempt today and appears to be making some progress, at least against the relatively weaker Sterling. At this point, Swiss Franc is the strongest one, followed by the greenback. Australian Dollar is also firm after...
Aussie Firmer after RBA, Dollar Rebound Fades
Dollar turns soft again after momentum for rebound faded quickly. Euro and Swiss Franc are back in control even though they’re still generally range bound. Australian Dollar is following closely after RBA stands pat as widely expected. Recovery is still...
Dollar Extending Recovery, Turning Around the Corner
Dollar starts the month with a much firmer footing, trading broadly higher as the strongest one so far. The rally is particular against Swiss Franc, which is currently the weakest one. Yet the greenback will firstly need to overcome some...
Trading Subdued in Cautious Mood, Dollar Still Finding Momentum for Rebound
Trading in forex markets is rather subdued today in overall mixed mood. Better than expected manufacturing data provides little lift to sentiments. Coronavirus curfew in Australia’s Victoria state is also shrugged off. Instead, traders are generally cautious ahead of a...