Risk Rebound to be Short-Lived, Yen Crosses Stay Bearish
Yen strengthens broadly today again as the pull back lost momentum. After all the words and rhetorics, US-China trade war is still in progress for escalation. Yesterday’s early selloff in risk markets might be overdone. But current recovery doesn’t indicate...
Sentiments Stabilized after Trump Toned Down Trade Tension, Dollar Firmer
Sentiments stabilized a lot after US President Donald Trump toned down his rhetoric on trade war with China. There appears to be some conversations going on for resolutions. But recovery in stock markets is so far refrained, as tensions could...
Yen Jumps on Trade War Escalation, Yuan Tumbles
Yen surges broadly as Asian markets tumble sharply on US-China trade war escalation. Gold also resumed recent up trend and hit as high as 1555. But traders turn a bit more cautious as mixed messages came out of China. A...
Sentiments Sank as Abrupt US-China Trade War Escalation Raises Risk of Cold War
Last week started with anticipation of Fed Chair Jerome Powell’s Jackson Hole speech, but ended with shocked escalation of US-China trade war. Risk aversion should continue to dominate the markets this week, as hard-line rhetorics are expected from both sides....
Dollar Softer as Fed Powell Points to New Events, But No Downside Breakout
Dollar weakens mildly after the rather uninspiring speech of Fed Chair Jerome Powell. The highly anticipated is slightly on the dovish side as Powell mentioned a number of new “events after July’s rate cut. Though, sell off in the greenback...
Dollar Firms Up as Markets Await Fed Chair Powell’s Jackson Hole Speech
Sterling pares back some gains in Asian session today, but remains the strongest one for the week. It’s lifted by hope that an Irish border solution could finally be reached before October 31 to avoid no deal Brexit. Dollar is...
Sterling Jumps on German Merkel’s Comments on Irish Backstop
Sterling rebounds strongly after German Chancellor Angela Merkel expressed her optimism that Irish border backstop solution could be achieved before Brexit date. The Pound is currently the strongest one, followed by Canadian Dollar. On the other hand, cautious risk sentiments...
Dollar Supported by FOMC Minutes, Aussie Tumbles on Poor PMIs
Yen and Swiss Franc attempt for rally again today as risk sentiments turned cautious. Dollar is also mildly firmer after FOMC minutes reaffirmed that last month’s rate cut was just a mid-cycle adjustment. Though, upside in the greenback is capped...
Canadian Dollar Jumps on CPI, Risk Appetite Lifted by Fed Expectations
Canadian Dollar jumps broadly in early US session after stronger than expected consumer inflation data. Australian Dollar follows as the second strongest, with help from risk appetite since European session. Fed Kashkari’s push for forward guidance raises expectation that Fed...
Markets in Consolidation, But Risk Aversion Ready to Come Back Soon
Directions in the forex markets are not very clear for now as consolidations continued. There were lots of reasons for a move but traders remained generally cautious. The US is stepping up its hardline rhetoric on China, and prompted some...
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