Sterling Tumbles after Poor PMIs, Loonie Higher after Retail Sales
Sterling drops broadly today as poor PMIs suggest quarterly GDP contraction. Following the Pound, Swiss Franc is the second weakest for today, and then Dollar. On the other hand, commodity currencies are generally higher are sentiments recover mildly ahead of...
Forex Markets Await Eurozone PMIs and Canada Retail Sales for Guidance
Sentiments remain generally cautious in Asian session today. Major indices are mixed following slight weakness in US stocks overnight. The Pound failed to break through near term resistance against Dollar for the second time and retreated. Euro’s rebound against Dollar...
Sterling Regains Strength, Markets Unsure on US-China Trade Deal
The forex markets are rather mixed today even though stocks are generally in risk averse mode. Sterling regains some strength and takes Euro higher with it. Yet, there is no follow through buying through near term resistance against Dollar and...
Sentiments Weighed Down by US-China Uncertainties, Yen Higher
Commodity currencies are back under pressure as Asian markets tumble on uncertainties over US-China relations. It’s unsure whether the phase-one trade deal could be completed in time to avert the December batch of new tariffs. The situation is further complicated...
Dollar and Yen Rise on Concerns Over US-China Relations
Dollar and Yen are the two strongest ones today so far as investors are turning cautious regarding US-China relations. The so called phase-one trade was was supposed to be signed at the cancelled APEC summit in Chile last week. But...
Sentiments Hurt as US-China Political Tensions Intensify Over Hong Kong
Yen and Swiss Franc are back in driving seats, together with Dollar. US stocks hit new record highs overnight reversed to closed lower. Asian markets follow and trade broadly lower. While there is no “concrete” good news regarding US-China trade...
Sentiments Lifted as China Will Step Up Credit Support, Dollar Mixed after Housing Data
Sentiments in the markets were lifted by news that China is going to step up credit support to the economy. Commodity currencies strike a strong come back, as led by New Zealand and Australian Dollar. On the other hand, Swiss...
Aussie Weak after Dovish RBA Minutes, Dollar Mixed on Trade
Australian Dollar weakens broadly today following more dovish than expected RBA minutes. New Zealand Dollar is currently the second weakest together with Swiss Franc. On the other hand, Euro, Sterling and Yen are the stronger ones. Dollar is mixed on...
Yen Rebounds on Talks of China’s Pessimism on Trade Deal
Yen rebounds strongly in early US session on talks that China is pessimistic on US trade deal. But still, at this point, Sterling remains the strongest one for today as lifted by hope of a Conservative win in the upcoming...
Sterling Surges, Poised to Upside Breakout as UK Election Campaign Steps Up
Risk appetite extended from last week’s strong US close into Asian session. Markets cheer the “constructive” US-China trade talks while ignoring escalation in unrest in Hong Kong. Yen is currently one of the weakest together with Swiss Franc. Though, Australian...
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