Yen, Dollar, Aussie, Gold and Stocks in Focuses in a Busy Week
Dollar’s selloff extended last week, after rather uneventful Fed meeting. The decline was particularly serious against generally strong European majors. Sterling ended as the strongest one this time, followed by Euro and Swiss Franc. While the greenback was weak, New...
Dollar Recovers Mildly ahead of Monthly Close, CAD Lifted Slightly by GDP
Dollar recovers mildly as markets turned mixed ahead of monthly close, but remains the second weakest for the week. Canadian Dollar is currently still the worst performing, as dragged by oil selloff. But we’ll see if better than expected GDP...
Euro Power Continues ahead of GDP, Dollar Drags Further by Falling Yields
Dollar’s broad based selloff continues in Asian session today. There are increasing concerns that momentum of US economic recovery is starting to falter. The pessimism is somewhat reflected in persistent decline in treasury yields too. Though, Canadian Dollar is even...
Risk Sentiments Weaken on Record GDP Contractions, Canadian Follow Oil Lower
Commodity currencies are general under pressure today, following global stock markets lower. Record Q2 GDP contraction in Germany and US are weighing on sentiments. Rebound in jobless claims add to concern of double dip recession. US futures also tumble after...
Yen Crosses Diverge, Dollar Tumbled after Uneventful FOMC
Dollar tumbled again overnight after the rather uneventful FOMC rate decision. But selling slowed a little bit in Asian session today. Nevertheless, the greenback remains the worst performer for the week. Commodity currencies are actually not performing well, with New...
Sterling Rises in Mixed Markets, Dollar Weak ahead of Fed
Sterling surges broadly in rather mixed markets today. Rebound in cross against Euro is seen as a major reason for the Pound’s strength. Australian Dollar is following as the second strongest for now, partly listed by cross buying against New...
Dollar Soft Awaiting FOMC, Overall Movements Limited
Dollar remains generally weak today as recovery attempts faltered quickly. Though, selling remains centered against European majors and Yen. FOMC monetary policy decision is a focus today but it’s unlikely to give the greenback any sustainable support. Overall, major pairs...
Yen and Franc Rise, Euro and Gold Dip in Consolidative Markets
Yen rises generally today, together with Swiss Franc, in rather subdued consolidative markets. Stocks are trading mildly lower but there is hardly any following selloff for now. Much volatility is seen in Gold and Silver, while retreat notably after initial...
Dollar in Recovery as Markets Digests Recent Losses, Weak Momentum Though
Dollar recovers mildly today as markets start to digest recent broad-based losses. Gold and silver are also in retreats after initial spikes. But the movements are so far rather limited. While some consolidations might be seen, there is no sign...
Euro Power Continues While Gold Extends Record Run
The powerful rallies in Euro and Gold remain the dominate theme for today as traders seems to be focusing on the worsening US-China relations as well as second wave of coronavirus infections in the US and Asia. Swiss franc tumbles...