Euro Stays Weak as Markets Await Dovish ECB Hold
Monetary easing from central banks remain a major background theme in the markets. Euro is sold off this week as markets are preparing for dovishness from ECB today. While immediate policy action is not envisaged, President Mario Draghi is expected...
Euro Dives as PMIs Solidify Case for ECB Easing
Euro tumbles sharply today as poor PMI data solidifies the case for ECB easing ahead. The central bank is not expected to act tomorrow yet, but some form of indications would likely be provided by President Mario Draghi, on what...
Aussie Falls on RBA Rate Cut Expectations, Euro Soft ahead of PMIs
The financial markets somewhat decouple in Asian session today. Australian Dollar is sold off broadly while Yen strengthens, Yet it’s has nothing to do with risk appetite with Asian equity indices generally higher. Aussie’s weakness is mainly due to RBA...
Dollar Extends Rebound, Sterling Soft after Brief Recovery
Sterling has a very brief recovery today after Boris Johnson reaches the most important checkpoint to become the next UK prime minister. But the Pound quickly lost momentum and is back under pressure. Though, for now, New Zealand Dollar is...
Dollar Rises in Mixed Markets, Resumes Rally Against Euro
Dollar strengthens broadly today and breaks near term support against Euro. There is no clear sign of strength in other pairs yet. More is needed to the greenback to prove itself. Meanwhile, markets remain relatively mixed elsewhere. Canadian Dollar is...
Dollar Lacks Direction While US-China Trade Meeting Said to Resume
The forex markets are generally mixed today in rather quiet trading. Dollar lacks a clear direction despite rumors that US and China trade teams are going finally meet to resume negotiations. Canadian Dollar is currently the weakest one, followed by...
Sterling in Focus in a Light Day, ECB and US GDP ahead
Asian markets are trading generally lower today as another weak starts. Though, weakness in stocks is relatively limited. Expectations on Fed and ECB easing remain generally firm. It looks like a matter of when and how much easing only. In...
Sterling Might Bottom While Euro Would Stay Pressured, Dollar Indecisive
Sterling, Dollar and Euro were the major focuses last week as they took turn in suffering selloffs. The Pound was pressured by increasing worries over no-deal Brexit. While it ended the week as the weakest one, late recovery argues that...
Canadian Dollar Dives on Retail Sales Miss, Euro Also Weak
Canadian Dollar drops sharply in early US session after big disappointment from retail sales data. The Loonie is currently trading as the weakest one for today. Euro is following as the second weakest as markets increases bet on ECB rate...
Dollar Dives as Dovish Fedspeaks Reinforce Rate Cut Bets
Dollar stabilizes in Asian session after steep decline overnight. Bets on Fed’s rate cut this month jumped after dovish comments from some key Fed officials. It seems that Fed might choose not to listen to the solid economic data released...
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