European Majors Rise on Partial Lockdown Exit, Dollar Decline Continues
Dollar’s decline continues today on improving risk sentiments. In particular, it’s back under pressure against Euro and Swiss Franc despite earlier recovery attempt. Canadian Dollar is not far away with drag from weakening oil price. On the other hand, European...
Dollar Extends Decline as Coronavirus Figures Trend Down, Gold Shines
Dollar is staying under pressure as traders are back from holidays. Risk sentiment is relatively steady with new global coronavirus cases and deaths starting to trend down. The improvements are particularly evident in Spain and Italy since the start of...
Dollar and Loonie Pressured after Poor Job Data
Canadian and US Dollars are both trading as the weakest ones today, after release of job data. US initial claims stood over 6m level for the second week while Canada lost more than 1m jobs in March. Meanwhile, Australian Dollar...
Markets Steady Without Sustained Risk Buying, Aussie Remains Firm
Markets are steadily mixed in Asian session today. US stocks rose notably overnight but major indices actually closed below Tuesday’s highs. No apparent follow through risk-on in seen in Asia too. Overall, Yen and Dollar remain the weakest ones for...
Euro and European Stocks Soften as EU Fails to Agree on Coronavirus Rescue
Global markets lack a clear direction today. European stocks are generally lower for the moment after EU failed to agree on coronavirus rescue stimulus. But US futures point to higher open. In the currency markets, Sterling is the strongest one...
Dollar Recovers as Risk Rebound Lost Steam, Aussie Lower after Rating Outlook Downgrade
Dollar recovers mildly today as stock rebound somewhat lost momentum. In particular, DOW closed lower after gaining nearly 1000 pts overnight. Asian markets turned mixed despite rally in Nikkei. Investors could be awaiting the results of OPEC++ decision on production...
Dollar Selloff Extends as Stock Rebound Gathers Momentum
Global stock market rebound continues today on optimism the world is finally seeing the coronavirus curve flattening. As US futures point to another day of high open, current rebound is starting to look sustainable. In the currency markets, Australian Dollar...
Aussie Follows Stocks Higher, While RBA Stands Pat
Australian dollar jumps broadly today after RBA kept monetary policies unchanged as widely expected. Aussie is additionally helped by the strong rally in US stocks overnight, even though the rise in Asia markets is relatively muted. Also, China, the origin...
Stocks Rebound as Germany Prepares Lockdown Exit But Japan Readies State of Emergency
Global stocks strength in general as major coronavirus epicenters seem to be starting to flatten the curve. It’s reported that Germany is even planning for lockdown exit. However, it remains uncertain when this coronavirus pandemic is going to end, and...
Markets Recover Mildly as Coronavirus Deaths Slow, But Sterling Weak
Asian markets are trading up mildly as the week starts, after coronavirus deaths in New York State fell for the first time. Italy also reported the fewest deaths in more than two weeks. However, investors remain cautious as it’s still...
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