Risk Off Again as China Reports Confusingly Large Wuhan Coronavirus Cases, Sterling Jumps on Cabinet Shuffle
Global stock markets tumble today after China reported a strong daily increase of 15152 Wuhan coronavirus cases on February 12. That was a huge difference from 2015 new cases reported for a day ago. However, the mass difference was due...
Euro Breaks Key Support Against Dollar, More Broad Based Weakness Likely
Dollar surges to highest level against Euro as helped by rebound in US treasury yields overnight, as well as extended record runs in stocks. Nevertheless, sentiments in Asian turn back into risk-off mode, Yen and Swiss Franc are outshining the...
Dollar Weakens Further as Markets Remains Risk On
Risk appetite stays strong in the global markets, with European indices registering solid gains. US futures also point higher open for extending recent record runs. Yen is under some selling pressure today, together with Dollar and Euro. On the other...
Kiwi Surges after RBNZ, Risk Markets Rally on Coronavirus Containment Hope
New Zealand Dollar surges broadly today after RBNZ’s hawkish hold. Other commodity currencies follow as risk appetite returns to the markets, on hope that China’s coronavirus outbreak would peak soon. US stock indices also hit new records after Fed Chair...
Risk Appetite Firm as Markets Await Fed Powell, Dollar Mixed in Consolidation
Yen and Swiss are trading generally softer today as risk markets pick up some momentum again. On the other hand, Australian Dollar is leading other commodity currencies higher. Dollar is mixed for the moment, awaiting Fed Chair Jerome Powell’s testimony....
Sentiments Lifted as Fed Officials Assure Rates to Stay Low, Dollar Softens Mildly
Market sentiments are generally calm in Asia, which follow US equities higher. Investors were assured by Fed officials that interest rate is going to stay low at current level for a while. Commodity currencies are recovering today, with Aussie leading...
Dollar Extending Rally Against Euro and Canadian
Global financial markets are in mild risk averse mode today but movements are limited. Dollar is lifted by renewed buying in early US session, and it’s extending recent rally against Euro and Canadian Dollar. Strength against other major currencies is...
Markets Mildly Lower as Coronavirus Death Tolls Break 900
Asian markets trade mildly lower as China’s coronavirus continues to spread. But losses in major indices are so far limited. In the currency markets, commodity currencies are trading to recovery some of last week’s losses, together with Sterling. Yen and...
Dollar Jumped Broadly on Solid Batch of Economic Data, Coronavirus Fears Receded
Dollar ended last week as the strongest one as markets put China’s coronavius behind. Instead, strong risk sentiments lifted major US indices to new record highs. Friday’s pull back was likely due to pre-weekend profit taking only. Latest batch of...
Dollar Firm after Strong NFP Growth, But No Follow Through Buying Yet
Dollar remains firm in early US session after strong headline NFP number. But there is no follow through buying for the moment. Risk appetite also recede mildly as market head towards weekly close. Over the week, Dollar remains the strongest...
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