Euro Welcomes ECB’s PEPP Expansion, Resuming Rally
Euro strengthens again after ECB announced expansion of its crisis asset purchase program PEPP. Euro is also taking Swiss Franc mildly higher too. On the other hand, Sterling is the weakest one as pressured by the selloff against Euro. Canadian...
Euro Softens as Markets Await ECB, Dollar in Weak Recovery
Dollar recovers mildly in general as recent selloff is losing some momentum. The recovery is also accompanied by mild retreat in Euro as well as some weakness in Gold. Though, the strength of Dollar’s recovery is far from being strong...
Investors Sentiment Resilient, But Forex Markets Turning Mixed
There is not much change in the global investor sentiments today, as stock markets continue to rally on lockdown exit optimism. Much better than expected job data from the US also provide something to cheer. Though, in the currency markets,...
Risk Appetite Lifted Further by China Data
Risk appetite continues in Asian session, with help from positive data from China. China’s economy appears to be on track for recovery even though the road would remain bumpy. In the currency markets, New Zealand Dollar is leading Australian Dollar...
Focus Turns to Yen and Franc Selling as Risk Rally Continues
Global stock markets continue with impressive rally today, with focuses on back-to-normal optimism. Germany’s DAX is even more impressive, with more than 3.7% against at the time of writing, after a three-day break. It’s supported by news that Chancellor Angela...
Aussie Firm as RBA Stands Pat, Risk Appetite Continues
Risk appetite continues today with mild strength in Asian markets, following the slightly higher close in US overnight. It seems that investors completing ignoring the unrest in the US, as well as its tension with China. In the currency markets,...
Euro Loses Some Upside Momentum While Risk Appetite Continues
Risk appetite remains generally firm in European session but trading has turned a bit subdued with France, Germany and Swiss on bank holiday. Dollar is trying to recovery entering into US session, but remains one of the weakest, along with...
Aussie Surges as Markets in Full Risk-On, All Risks Shrugged
Risk-on mode continues in Asian markets today. Investors, in particular in Hong Kong markets, basically shrugged off US President Donald Trump’s announcements regarding China. There is also no reaction to the unrest in US. Instead, traders continued to cheer economy...
Euro Power Continues, Follow by Yen on Mild Risk-Off
Markets are in mild risk off mode before weekly close, awaiting US President Donald Trump’s “interesting” and “powerful” measures on China. Though, this time, Euro is boosted as the strongest one, followed by Yen. Dollar and Swiss Franc are the...
Dollar Weakens, Stocks Turn Cautious, Awaiting Trump’s Announcement on China
Dollar remains generally weak in Asian session, with notable selloff against Yen too. Markets generally turned cautious as US President Donald Trump is set to announce his new China policies on Friday. This is in response to China’s passing of...