Aussie Tumbles as Unemployment Rate Surged, Yen Weak on Coronavirus Contagion
Australian Dollar is in free fall in Asian session today as surge in unemployment rate adds to case of April RBA cut. Sentiments are also generally weak as markets disapprove China’s tiny rate cut. Instead, investors are concerned with sign...
Sentiments Stabilized on China Stimulus Hope, Yen Falls on Political Pressure
Yen is under broad based selling pressure today as sentiments somewhat improved with expectations of more stimulus from China to counter the impact of Wuhan coronavirus outbreak. Additionally, Japanese Prime Minister Shinzo Abe is under increasing political pressure on handling...
Markets Stabilized as Focus Turns to FOMC Minutes, Dollar Resilient
Yen, Swiss Franc and Dollar weaken mildly today as risk markets stabilized. On the other hand, commodity currencies recover generally. But the movements are so far limited. Investors remain vigilant on the development of China’s Wuhan coronavirus outbreak, but there...
Euro Tumbles Again as Economic Sentiments Deteriorates Sharply, Markets Stays Risk-Off
Markets remain in risk-off mode today after Apple’s warning that China’s Wuhan coronavirus outbreak would hurt sales. Deep deterioration in German economic sentiment also reflect the impact on confidence. Investors will likely remain fragile until there is sign of full...
Risk-off after Apple Warning, Euro Extending Decline ahead of German ZEW
Markets are back in risk off mode in Asia after Apple’s warning. While Wuhan coronavirus cases in China might appear to have slowed, investors remain vigilant. More risks lie ahead with German economic sentiment data featured today. For now, commodity...
Markets Quiet With US on Holiday, Investors Shrug PBoC Stimulus
Markets are generally quite today with US on holiday. PBoC’s stimulus measure might have boosted Chinese stocks higher. Reactions from other markets are rather muted. Investors remain generally cautious as this week’s February sentiment data will reveal how much China’s...
Yen and Nikkei Lower on GDP Contraction, Pessimistic Outlook
Asian markets are mixed as another week starts. Nikkei weakens, together with Yen, as data showed the Japan economy suffered worst contraction in six years. Singapore Strait Times is also mildly lower after the government downgrade this year’s growth forecast....
Euro Collapsed on Coronavirus Spillover Fears, Next Two Weeks Crucial
While China’s Wuhan coronavirus outbreak remained a major focus last week and triggered much volatility. But overall, stocks investors seemed not too bothered, with US indices continuing record runs. Other major markets are mixed only FTSE and Nikkei ended the...
Dollar Mixed after Shrugging Off Retail Sales, Euro Trying to Recover
Economic data released today are generally ignored by the markets. Dollar is mixed, paying little attention to US retail sales. Euro recovers mildly today on short profit taking ahead of weekend. But it remains the weakest one for the week....
Euro Selloff Deepens on Growth Concern, No Sign of Bottoming Yet
Euro remains the weakest one for the week as selloff deepens. It seems that markets believe the coronavirus outbreak in China would hurt Eurozone’s economy more, in particular the export led German economy. Optimism of recovery this year is dented....
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