Dollar Firms Up But Yet to Break Resistance Against Weakening Euro
Dollar continues to stay firm in early US session as supported by strength against Sterling, Yen and to a lesser extent Canadian. Yet, the moves are rather indecisive elsewhere. The greenback remains bounded in range against Euro and Aussie, and...
Yen and Franc Weaken Broadly, Euro Strength Uncertain
Yen and Swiss Franc are trading as the weakest ones for the week so far, partly due to the strong rebound in stock markets overnight. Sterling is following as the next worst performing as traders continue to price in Brexit...
Euro Lifted By Improve Confidence, and Tumbling Sterling
Sterling tumbles broadly today, appeared to be weighed down by UK Prime Minister Boris Johnson’s plan to double down on public investments. The selloff is particularly apparent against Euro, as the latter was lifted mildly by improvements in Eurozone confidence...
Dollar Turned Mildly Softer in Subdued Trading, Import Data Lie Ahead
The markets opened the week with mild risk aversion, in response to continuously surging global coronavirus cases. Japanese stock was additionally weighed down by poor retail sales data. But outside of Japan, losses are relatively limited. European indices have indeed...
Risk Reversal Building Up on Coronavirus and US-China Tensions
The conditions for risk reversal continued to build up last week and somewhat intensified. On the one hand, daily new coronavirus cases surged to new high for the world world, as well as for the US. Daily global new deaths...
Sterling Dips, Swiss Franc Rises as Weekly Close Approaches
Sterling appears to be under some selling pressure today, without any special driver. A possible reason is some repositioning ahead of next week’s Brexit talks. Meanwhile, Yen appears to be regaining some growth, together with Swiss Franc. There is some...
Markets Range Bound as Consolidations Continues, Coronavirus Ignored
The markets continue trade in consolidative mode today. US stocks reversed earlier loss to closed higher overnight, ignoring the surge in coronavirus cases. Asian markets are mixed, with mild weakness in Hong Kong HSI. it’s weighed down by US Senate’s...
Dollar Stays in Familiar Range Despite Rebound Attempt, Markets Turned Mixed Elsewhere
The financial markets turned into mixed mode today. While European indices open broadly lower, they quickly reversed early losses and turned positive. US markets open lower again but loss in DOW is relatively limited. Dollar is trying to extend yesterday’s...
Dollar Rebounds in Risk-off Markets, Underlying Strength Still in Question
Dollar rebounds broadly as markets turned into risk-off mode overnight. It remains firm in quiet trading in Asia, with China and Hong Kong on holiday. The movements in the forex markets are not decisive enough yet. Major pairs and crosses...
Mild Risk-Off on Coronavirus Resurgence and Transatlantic Trade War Concerns
Dollar is attempting to rebound today together with Yen and Swiss Franc, while Kiwi and Aussie weaken. European stocks and US futures are down mildly on resurging number of global coronavirus crisis cases. Also, the US Trade Representative said wants...