Kiwi Down on Dovish RBNZ, Dollar Stays Soft
Risk appetite was firm overnight as NASDAQ made another record high. Yet, Asian markets are rather quietly treading water. New Zealand Dollar tumbles broadly today as dovish RBNZ hints on further easing. There are talks that the central bank would...
Selloff in Yen and Dollar Intensifies as PMIs Paint Recovery Optimism
Selloff in Yen and Dollar intensifies mildly today while Australian Dollar and Euro are picking up some rally. Investors sentiments are generally lifted by better than expected PMIs. In particular, France and Australia appear to be back in expansion. European...
Yen Weakens on PMIs, Risk Appetite Firm Despite Trade Jitters
Yen and, to a slightly lesser extent, Dollar soften further as markets are in mild risk-on mode this week. There were some jitters from White House adviser Peter Navarro’s comments on US-China trade deal. But dusts quickly settled after his...
Dollar Softens Further in Mixed Markets, Risk Mildly on the Downside
The global risk markets are generally mixed today. While major European indices are trading slightly in red, US futures point to a higher open. Yen and Dollar remain the weakest ones for today so far, followed by Swiss Franc. New...
Dollar Softer in Quiet Trading as Traders Await Global PMIs
The forex markets open the week in quiet mode, which Asian stocks are mixed. Australian and New Zealand Dollars are mildly higher. Dollar, Yen and Canadian are softer. But major pairs and crosses are generally stuck inside Friday’s range. The...
Coronavirus Cases Skyrocketed Again, But Risk Seekers Not Giving Up Yet
Just like many governments and central bankers, the markets were torn between the optimism over re-opening of the economic, and the imminent risk of coronavirus second wave. This is reflected in the general strength in Yen, Dollar and Swiss Franc...
Canadian Dollar Shrugs Terrible Retail Sales, Taken Mildly Higher by Oil Price
Sterling remains the weakest one among the major currencies as selloff continues. Though, Dollar and Yen are catching up today while markets turned back into risk-on mode. Commodity currencies are generally firmer as led by Aussie. Even Canadian Dollar shrugs...
Sterling Weakness Continues as Markets Tread Water
The financial markets are generally treading water in Asian session today, with very limited movements. Yen, Swiss Franc and Dollar are the strongest ones for the weak so far. But there is not much committed buying seen yet. On the...
Sterling Tumbles after BoE, Markets in Mild Risk-Off Mode
Sterling drops notably today after BoE announced to expand the asset purchase program as widely expected. Australian Dollar is currently following as second weakest, then New Zealand Dollar. Markets are in slight risk-off mode today, as European indices are trading...
Yen Mildly Higher as Focus Turns to SNB and BoE
The forex markets continue to be lacking a clear direction for now. New Zealand and Australian Dollar are mildly softer today, following weaker than expected data. But losses are so far limited. Yen, Euro and Dollar strengthen mildly but there...