Euro Firm after ECB, Dollar Slightly Lower after Poor Jobless Claims
Both Euro and Swiss Franc are generally firm today after ECB and SNB rate decisions, as not much reactions are being triggered. Though, as for today, Australian Dollar is the strongest one so far. Sterling, on the other hand, pares...
Dollar Dives as Fed Might Not Hike Until after 2022, ECB and SNB Next
Dollar was sold off deeply overnight after Fed left interest rate unchanged. Most importantly, Fed chair Jerome Powell indicated that there is no need for any rate hike unless inflation materially surprises on the upside. Considering that Fed projects inflation...
Canadian Dollar Jumps Again on BoC Lane’s Comments, Sterling Also Firm
Canadian Dollar surges broadly again today as a top BoC official’s comment further dismiss the chance of rate cut. Sterling is following as the second strongest on election and Brexit optimism. On the other hand Australia Dollar is the weakest...
Dollar Dives after ADP Job Miss, Sterling Shines
Dollar is under much selling pressure after another data miss in ADP employment. Markets are starting to worry that slowdown in the USA economy is not over. Road ahead could be even more bumpy with persistent trade risks. Bloomberg reported...
Markets in Risk Aversion on US-China Tensions, Yen Jumps Broadly
Markets turn into deep risk averse mode on concerns over US-China relations. . It’s not getting more unlikely that the phase one trade deal would be agreed in time to avert tariff escalation on December 15. Political tensions also intensified...
Stocks and Dollar Plummet as Trump Say China Trade Deal May Drag On
US stocks futures and Dollar tumble broadly today after US President Trump indicated that he has no deadline for China trade deal, and could even wait until after 2020 election to make it. If the phase one deal is dragged...
Dollar Tumbles on Poor Data and Tariff Threats, Risking More Downside
The US markets were sold off deeply overnight after after poor ISM manufacturing data and renewed tariff threats. Dollar also suffered deep selling pressure, together with Canadian. Though, there was no clear fund flows into the Japanese Yen, as risk...
Dollar Tumbles after Trump Restore Steel Tariffs on Brazil and Argentina
Market sentiments are generally weighed down by renewed trade concerns after US President Donald Trump’s decision to restore steel and aluminum tariffs on Brazil and Argentina. Additionally, China formally started some form of retaliation against US on its support on...
Yen Lower as Markets Cheer China Manufacturing Data
Yen trades broadly lower while Australian and New Zealand Dollars strengthen in Asia. Stock markets are cheering better than expected manufacturing data from China. Nikkei leads the way higher but gains in Hong Kong and Shanghai are limited. Yen is...
Sterling Jumped on Election and Brexit Hopes, US Stocks Hit Records ahead of Important December
Sterling ended as the strongest one last week as it looks like Conservative is set to have a majority win in the upcoming elections. If materialized, UK is finally heading for an orderly Brexit next January, clearing all uncertainties. On...
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