Sterling Mildly Higher after Brexit Extension, Dollar Mixed after FOMC Minutes
Sterling is given a mild lift after EU grants UK Article 50 delay till October 31. Even though it’s still uncertain how Prime Minister Theresa May could get the Withdrawal Agreement through the parliament, the cliff-edge is at least pushed...
Euro Pressured after ECB, Yen Rises on Falling Treasury Yields
Euro weakens broadly after ECB kept monetary policies unchanged. While president Mario Draghi delivered not much new in the press conference, he did acknowledged that downside risks are materializing. Recovery in EUR/USD and EUR/JPY now look rather short-lived. Meanwhile, Dollar...
Yen Digests Gain as Trade War Threats Continue to Weigh on Sentiments, ECB to Stand Pat
The forex markets are relatively steady in Asian session today. For the week, Yen is so far the strongest, following mild risk aversion. Investors are concerned that the US is going to escalate trade war with EU, while they haven’t...
Trump’s Threat of US-EU Trade War Sends Dollar, Yield and Stocks Lower
Dollar suffers new round of selling in early US session after Trump confirmed his intention to escalate trade war with the EU with his tweet. DOW opens sharply lower and is down -190pts at the time of writing. US 10-year...
Dollar and Euro Pressured as Trump is Starting US-EU Trade War
Dollar and Euro are trading as the two weakest ones today as pressured by renewed threats of escalation in global trade war. While trade talks with China continue to drag on, US is preparing to start another battle targeting EU....
Euro Higher as Investor Confidence Improves, Yen also Recovers as Risk Markets Turned Mixed
Euro receives a wave of buying in European session, partly as lifted by improving investor confidence data. EUR/USD’s break of last week’s high is a positive development. Yet, the rally is not strong enough to warrant near term bullishness yet....
Yen Mildly Higher While Dollar Softens. ECB, FOMC Minutes and US CPI the Focuses
Yen recovers notably in Asian session today but the recovery is not strong enough to warrant a sustainable rebound yet. Meanwhile, Australian and New Zealand Dollar are generally pressured while there is no apparent sign of risk aversion. The economic...
Fundamentals Improved But Uncertainties Remain, Forex Markets Isolated From Optimism Elsewhere
After a strong Q1, risk appetite extended into the first week of Q2. The most notable improvements were seen in the bond markets, as German 10-year yield turned positive again. US 10-year yield also reclaimed 2.5 handle. However, stocks and...
Dollar Higher as NFP Beat Expectations, But Upside Capped by Sluggish Wage Growth
Dollar is lifted mildly in early US session as employment data posted slight upside surprise. But buying in the greenback is not broad based yet. A key factoring limiting Dollar’ rise is sluggish wage growth. But after all, the set...
Focus Turns to Non-Farm Payroll after Vague Progress in US-China Trade Talks
Yen is trading softer in otherwise quiet markets today with Hong Kong and China on Holiday. Yen is indeed also the weakest one for the week following rebound in global treasury yields. For now, Swiss Franc is the second weakest...
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