Sterling Mildly Lower in Quiet Trading, More Brexit Drama Ahead
Markets are generally quiet in a typical Monday. Sterling is trading generally lower. Prime Minister Boris Johnson’s push for general election ahead of Brexit deadline will likely be voted down today. But it’s reported that he’s planning to block the...
Risk Markets Surged on Receding Political and Trade Uncertainties
Risk aversion eased notably further last week as some of the imminent risks receded. New Italian government was sworn in as 5-Star Movement and bitter rival Democratic Party agreement to form a coalition. UK lawmakers passed a bill to force...
Dollar Lower on NFP Miss, Supported by Wage Growth
Dollar drops mildly in early US session after weaker than expected employment data. Yet, downside is limited as support by stronger than expected wage growth. At the time of writing, commodity currencies are the strongest one for today with help...
Markets Remains Risk On as Focus Turns to Non-Farm Payrolls
The financial markets remain in risk on mode today. Yen, Swiss Franc and Dollar continue to feel tremendous selling pressure. Meanwhile, commodity currencies are generally the strongest. Euro and Sterling are mixed for now as it’s still unsure where Brexit...
Risk Appetite Strong on Trade, Brexit and Italy
Risk appetite is general strong today on rather positive news. Firstly, US and China both confirmed that trade negotiations are continuing and both teams are in preparing for a high-level face to face meeting in October. There is no specific...
Sentiments Lifted as US-China Trade Talk Will Resume Next Month, Yen Weakens
Asian markets are generally lifted by confirmation that US-China trade talk is going to resume next month. Commodity currencies gain most as led by Australian Dollar. Swiss Franc and Yen are pressured in risk seeking environment naturally. But Sterling also...
Yen Lower on Return of Risk Appetite, Sterling Support by Hope of No No-Deal Brexit
Yen drops broadly today, as stock markets rally on supposed easing tension in Hong Kong. After more than two months of continuing protests, Hong Kong leader Carrie Lam finally announced withdrawal of the controversial extradition bill today. HSI closed up...
Australian Dollar Rebounds on GDP and Services, Sterling also Recovers
Australian Dollar rebounds notably today as GDP data met market expectations while services data showed improvement. Though, upside is capped so far as RBA is still on track to another rate cut later in the year. Sterling is the second...
Sterling Stays Pressured on Brexit, Canadian Dollar Pressured Too
Sterling and UK treasury are the major focuses today as all eyes are on Brexit again. UK Prime Minister Boris Johnson has indicated that he will call an election on October if the MP’s bill to seize control of the...
Sterling Selloff Continues on UK Politics, GBP/USD Breaks 1.2
Sterling’s selloff continues today as UK is entering into two crucial days regarding Brexit, and general election cold be called. Euro also follows as the second weakest on ECB easing expectations. On the other hand, Dollar is the strongest one...
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