Focus Turn to US Data after Trump & Xi Delivered at G20
Expectations setting were rather well set for the highly anticipated Trump-Xi meeting at G20. Both sides agreed to stop raising tariffs further. But it’s unsure whether they’ve closed the huge gap that led to collapse in trade negotiations. If the...
Dollar Mildly Lower in Quiet Markets, G20 Eyed
Dollar trades broadly lower in relatively quiet markets today. Trading is rather subdued firstly due to quarter end effect. More importantly, traders are awaiting the highly anticipated Trump-Xi meeting. It’s cautiously optimistic that some form of agreement would be made...
Markets Turn Cautious With Eyes on G20, US & Eurozone Inflation
Asian markets trade broadly lower today as traders lighten up positions ahead of the highly anticipated Trump-Xi meeting tomorrow. Yen and Swiss Franc are currently the strongest ones as sentiments turn cautious. Nevertheless, both are contained well above recent lows...
Markets Going Nowhere ahead of G20, US & China Exchange Words ahead of Trump-Xi Meeting
The financial markets are generally in consolidative mode, awaiting the start of the two-day G20 summit in Osaka, Japan tomorrow. For traders, main focus will be on face-to-face meeting of Trump and Chinese President Xi Jinping. Hopes are high for...
Yen & Swiss Franc Lower Again as Stocks Rise on Trade Optimism
Asian markets trade broadly higher on increasing “optimism” regarding US-China trade war. Some form of agreement is anticipated out of the Trump-Xi summit on Saturday to avoid further tariff escalation. Yen and Swiss France are trading as the weakest one...
Sentiments Lifted by Mnuchin’s Trade Optimism, Capped by Trump’s Tariff Threats
Risk appetite firms up mildly today as lifted by US Treasury Secretary Steven Mnuchin’s upbeat comments regarding trade negotiation with China. There are also reports that US would delay new tariffs without deadline, to bring China back to negotiation table....
Dollar Rebounds as Fed Dismissed Aggressive Cut, NZD Rebounds Despite Dovish RBNZ
New Zealand rises broadly even though RBNZ hints on an August rate cut. The easing bias is actually well priced in and traders responds to the positive reference to the economy instead. Dollar also trying to extend yesterday’s rebound as...
Yen Surges on Renewed Weakness in Treasury Yields
Yen rises broadly today as major treasury yields are resuming recent decline. German 10-year yield hits new record low at -0.33 while US 10-year yield is back below 2.0 handle. Though, New Zealand Dollar is even stronger as record export...
Yen & Gold Jumps on Fresh Iran Sanctions, Dollar Awaits Fed Powell
Yen and Gold surge today as global sentiments are weighed down by new US sanctions on Iran. In particular, Gold hits as high as 1439 and is currently up more than 1%. Nevertheless, New Zealand Dollar outshines Yen and is...
Dollar Ignores Trump’s Fed Attack, Euro Mixed after German IFO
Dollar stays generally soft in quiet markets but selling seems to have slowed in early US session. Trump criticizes Fed as sticking like a “stubborn child” on interest rates. Such comments are ignored by markets, sensibly, in general. The key...
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