Yen & Dollar Tumbles on US-China Trade Optimism, Kiwi Surges on RBNZ
Strong risk appetite dominates the financial markets today. Investors are getting more optimistic on US-China trade negotiations, with another round of talks happening in Beijing now. Both sides seem to express more desire to make a deal. Trump hinted that...
Risk Appetite Extends, Swiss Franc Decline Accelerates
Swiss Franc is overwhelmingly the weakest one today with fresh selling in early US session. While Japanese Yen is also weak, it’s a relatively distant second. Both are pressured by extended rebound in global stocks. Meanwhile, additional pressure is seen...
Dollar Paring Gains, Focus Turns Back from Government Shutdown to Trade Talks
Dollar is paring some gains today after yesterday’s rally, but remains the strongest one for the week. A temporary agreement was reached in the US Congress to avert another government shut down. Focus is turning back to trade negotiation with...
Dollar Surges Against Yen and Swiss as US-China Trade Talks Resume
Yen and Swiss Franc are trading broadly lower today thanks to rebound in global equities. Fresh selling is seen on news that White House senior counselor Kellyanne Conway said Trump may still meet Chinese President Xi Jinping in the near...
Sterling Soft as GDP, Productions and Trade Balance Awaited
Sterling is trading generally soft today, except versus Yen, as market focus turns to UK data. GDP, productions and trade balance will be featured. BoE just downgraded both growth and inflation forecasts last week, based on assumption on smooth Brexit....
Dollar Emerged as Strongest in a Bad Batch on Global Slowdown Worries
Dollar ended last week as the strongest ones, mainly due to weakness elsewhere. Worries of global slowdown, or even recession, sent Germany and Japanese stocks sharply lower. Global treasury yields also tumbled on safe haven demand. Adding to that, renewed...
Canadian Dollar Jumps on Job Data, Risk Aversion Dominates on Trade War Worries
Risk aversion is the main theme in the financial markets today. Worries over US-China trade tension escalation resurfaced after Trump said he will not meeting Chinese President Xi this month. This came despite Trump’s schedule to meet North Korean leader...
Yen Rises as Trade War Concern Resurfaces, RBA Hammers Aussie Again
Global markets are in mild risk averse mode on concerns over US-China trade talk. That came after Trump said he will not meet Chinese President Xi this month to complete the trade agreement. Yen and Swiss Franc are trading as...
Sterling Survives Dovish BoE Selloff for Now, Yen Staying Strong
It’s a very volatile day with two market moving events in BoE Super Thursday and EU economic forecasts. Sterling initially dived sharply after BoE downgraded economic forecasts and painted a slower rate path. But the Pound appears to rebound after...
Sterling Range Bound ahead of BoE Super Thursday, New Zealand Dollar Dives after Job Data
Sterling is generally steady today and gyrates in tight range. UK events are the major focuses with BoE Super Thursday featured. UK Prime Minister Theresa May will also visit Brussels to seek alternative arrangements on Irish border backstop. For now,...
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