Euro and Sterling Weaken While Swiss Franc Surge, Dollar Mixed
Swiss Franc surges broadly today and it’s currently the strongest one. There is no clear sign of risk aversion in other markets, with major European indices in black, while DOW futures is slightly higher. Yen is also generally soft too....
Sterling Turns Softer after CPI, Markets Range-bound Elsewhere
The forex markets are generally in range trading today, with mild weakness seen in Sterling after CPI release. Markets are staying in mild risk-on mode, with Australian Dollar and Canadian Dollar firmer. However, there is no one-sided risk trading as...
Selling Focus Turns to Euro as Dollar Turns Mixed
Dollar turns mixed in early US session as selloff turns to Euro today. New Zealand Dollar is the second weakest as the country’s coronavirus -free days ended. Yen, Dollar and Swiss Fran are not performing well, though, as markets remains...
Another U-Turn in Sentiments on Fed, Dollar Back Under Pressure
Sentiments took another U-turn as Fed did the trick again, with expansion of its asset purchases. Asia markets surge broadly, following the strong rebound in US overnight. Dollar, Yen and Swiss Franc are back under pressure. But New Zealand Dollar...
Risk Aversion Remains the Main Theme While Gold Reverses
Risk aversion remain a major theme today on concern over coronavirus second wave. DOW futures point to sharply lower open and the index could lose 25k handle. NASDAQ might also have another take on 9500 too. In the currency markets....
Asian Markets Lower on Beijing Coronavirus Cases and China Data
Asian markets open the week mildly lower on concerns of another coronavirus outbreak in Beijing. Meanwhile, disappointing economic data from China also weigh on sentiments. Yen, Swiss Franc and Dollar are trading generally higher. Aussie is leading commodity currencies lower....
Sentiments Took a U-Turn on Fear of Coronavirus Second Wave
The second wave of coronavirus pandemic had finally become a main theme in the markets last week. Or, investors could have just waited for Fed to confirm its done with more easing for moment, and started profit taking. Either way,...
Yen and Franc Digest Gains and Risk Markets Recovery Mildly
Risk markets recover mildly today after yesterday’s sharp decline. DOW future is currently up over 500 pts ahead of open, but well short of yesterday’s -1800pts decline. Yen and Swiss Franc turn softer today, followed by Dollar, while commodity currencies...
Risk Aversion Eased Mildly in Asia after Massive Selloff in US
Risk aversion carries on in Asian session today, after the massive selloff in the US overnight. But selling has some what eased ahead of the weekend. In the currency markets, Yen and Swiss Franc remain the strongest ones for the...
Markets Back in Risk Aversion on Fear of Coronavirus Second Wave
The financial markets are suddenly in deep risk aversion today, particular on fear of a second wave of coronavirus pandemic. A John Hopkins Center senior scholar has already warned that “there is a new wave coming in” parts of the...