European Majors Lower ahead of Month End, USD/CHF Breaks Parity
European majors are trading generally lower today, in quiet markets just ahead of monthly close. On the other hand, Dollar is among the strongest together with Aussie and Kiwi. Despite steep selloff in Asian stocks, European markets recover after initial...
Yen Soft on Treasury Yields, Shrugs Free Fall in Hong Kong Stocks
The forex markets are rather quiet in Asian session today, but risk aversion is dominating in stocks as lead by deep decline in Hong Kong. Institutional investors could be starting to light up their positions just ahead of an important...
Sterling Surges as YouGov Poll Lifts Brexit Optimism
Sterling surges broadly today as YouGov predicts a Conservative Win in the upcoming UK election, which puts Brexit on the right track. The Pound also takes Euro slightly higher somewhat. On the other hand, Australian Dollar is generally weaker after...
Dollar Lifted Mildly by Solid Durables, Euro and Swiss Soft
Dollar trades generally higher today as supported by better than expected economic data, in particular, durable goods orders. Though, Sterling is so far even stronger, as consolidations extend. On the other hand, Euro is the worst performing one, followed by...
Dollar Firms Up Mildly as Brief Consolidation Might Be Finished
Dollar firms up mildly in Asian session as this week’s brief consolidation seems to be completed. Stocks were given another lift by trade hope overnight, with major indices extending record runs. Optimism somewhat continues in Asia but investors there seem...
Dollar Firm on Fed Comments, Capped by Trade Uncertainty
Dollar remains generally firm today but there is not follow through buying so far. Comments from Fed officials affirm that the mid-cycle adjustment in monetary policy has completed. But upside is capped by uncertainty over trade negotiations with China. Also,...
Trade Optimism Pushed US Stocks to New Records, But Asia Doesn’t Follow
Trade optimism pushed US stocks to new record highs overnight but markets are just mixed in Asia. While US and China held another trade phone calls, there is no clear sign of any breakthrough. In the currency markets, New Zealand...
Dollar Rises on Trade Hope, Yen Back Under Pressure
Global equities strengthen mildly today on some trade optimism. China’s announcement to tighten up intellectual property protection rules might boost the chance of finally an agreement with the US. Also, even the hawkish tabloid Global Times said they’re close to...
Dollar and Yen Retreat as Hong Kong Stocks Lead Asia Higher
Yen and Dollar trade mildly lower in Asian session today. Hong Kong stocks lead Asian markets higher, as the landslide pro-democracy victory in Sunday’s election would give China more pressure to end the city’s unrest. Meanwhile, New Zealand and Australian...
Trump and Xi, Trade Deal and Hong Kong
Market sentiments turned generally more cautious last week on renewed uncertainties over US-China trade negotiations. Yen ended as the strongest one on weakness in stocks and treasury yields. New Zealand Dollar was the second strongest, extending prior week’s rebound. Dollar...
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