Dollar Down Again of Record Retails Sales Fall, Gold Shines
Dollar weakens notably in early US session after retail sales data showed another record decline in April. Stock futures also tumble after the news In particular, gold rides on the greenback’s selloff and it’s set to resume larger up trend....
Dollar Rally Fades While Gold and Oil Rise
Gold and oil price strengthen notably in otherwise rather mixed markets. US stocks reversed initial losses overnight and closed higher. Asian markets also follow and are trading up slightly. In the currency markets, Canadian Dollar is currently the strongest one...
Dollar Lifted as Trump Said Strong Dollar Now is Great, Markets in Risk Aversion Too
Dollar and Yen continue to be the strongest ones for today with help from risk aversion. Global stocks generally show weakness, from Asia to Europe to US futures. Major benchmark treasury yields also decline. The greenback is given another lift...
Stocks Weighed Down By Fed Powell, Yen and Dollar Back in Control
Yen and Dollar are back in control today as Asian markets turned red, following weakness in the US overnight. Fed Chair Jerome Powell’s comments somewhat disappointed investors. Australian Dollar weakens in general after data showed record contraction in employment. Though,...
Dollar Dips on PPI, Supported by Fed Powell
Dollar stays generally soft today so far but weakness is relatively limited. Some selling pressure was seen as poor PPI inflation data. But Fed chair Jerome Powell’s comments on negative interest rates is giving the greenback a slight pop. For...
Kiwi Dives after RBNZ, Fed Officials Talk Down Negative Rates
New Zealand Dollar drops broadly today following RBNZ’s decision to nearly double the QE program, and indicates its openness to negative rates. Australian Dollar is following as a distant second weakest. The sharp decline in US stocks overnight doesn’t carry...
Dollar Tumbles on Record Core CPI Decline, and Improving Sentiments
Dollar is sold off notably in early US session after data showed record decline in core inflation reading. In the background, sentiments also improved mildly on WHO’s “potentially positive data” comments. Following Dollar, Canadian is the second weakest for the...
Aussie Softens on Trade Tensions with China, Loss Limited
Asian markets started with mild risk aversion today but sentiments quickly stabilized. Australian Dollar is pressured after China bans four of its abattoirs, but there is no follow through selling afterwards. While the Aussie is staying soft, it’s holding generally...
Dollar Rebounds Broadly as Investor Sentiment Turns
Dollar rebounds broadly today as investors turn cautious since European session. Fear of a second wave of coronavirus pandemic is cited by some as a reason for mild risk aversion. US-China tension is another factor named. For now, Swiss Franc...
Yen Tumbles as Markets Return to Risk Appetite
Return to risk appetite is a main theme in the markets as another week starts. Another rate move by China’s PBoC support sentiments in general. Yen drops broadly as a result while Canadian and Australian Dollar strengthen. Though, New Zealand...