Sterling Dives after Poor GDP, Yen Lower on Rising Yields
Sterling is sold off broadly today as poor GDP data added to the case of BoE rate cut. Recent comments from BoE officials already suggested that they’re open to easing if data don’t show improvement. The Pound will face more...
Risk On Ahead of US-China Trade Deal, Sterling Weak and Aussie Firm
Asian markets are generally in risk on mode today as traders await signing of US-China trade deal phase one. Commodity currencies strengthen with Australian Dollar leading the way up. On the other hand, Sterling is currently the weakest one as...
Dollar Rally Jeopardized by Job Data, No Bullish Reversal Yet
After some jitters on Iran tensions, Dollar ended up as the strongest one last week. Strong stocks and steady yields provided some support to the greenback. Fed officials also reaffirmed the base stance to stand pat this year. US and...
Dollar Retreats after NFP Miss, But Loss Limited
Dollar retreats mildly in early US session after non-farm payroll reports missed market expectation. But loss is limited as the set of data was decent even thought not spectacular. Indeed, there is prospect of more Dollar rally once the knee-jerk...
Dollar Supported by Fedspeaks, Awaits NFP for Next Move
Markets are somewhat staying in risk on mode with US stock indices making new record highs overnight. But upside momentum in Asia markets is relatively weak. Australian and New Zealand Dollars are mildly firmer today, paring some of this week’s...
Dollar Firm as Markets Turn Risk On, Sterling Soft
Markets are generally back on risk on mode today as the concerns of US-Iran tensions faded. Also, it’s finally confirmed that Chinese Vice Premier Liu He will travel to the US for signing the trade deal phase one. Dollar rises...
Dollar Rises as Iran Risks Fade, Yen and Franc Soften
Yen and Swiss Franc weakened notably as imminent US-Iran war receded. Canadian Dollar also turned slightly softer as oil prices reversed this week’s gains. Dollar is currently trying to ride on the development to extend recent rebound. But the real...
Dollar Rebounds on Lesser Iran Risks and Strong Job Data
Dollar rebounds strongly as risk of imminent escalation in US-Iran tensions seem to have eased. It’s reported there was no casualties caused by Iran’s retaliation strikes against US forces in Iraq. The greenback is additionally supported by strong ADP employment...
Gold Jumps on Iran Retaliation, Markets Calmed by Trump’s Refrained Response
Dollar turns slightly softer, broadly, as Middle East tensions escalated after Iran’s strike against US forces in Iraq. But loss is so far limited after President Donald Trump’s refrained response. Markets generally calmed down for now, awaiting Trump’s statement later...
Dollar Surges Broadly, Aussie Selloff Accelerates
Dollar is trading generally higher today and Middle East tensions seem to be out of traders’ mind already, without any new developments. Instead, markets are focusing back on fundamentals and central bank expectations. Thus, Australian and New Zealand Dollars are...
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