Dollar Takes a Breather, Sterling Recovers Despite Brexit Spats
Dollar is taking a breather for in early US session but remains the strongest one for the week. Positive development on trade talk with China is providing some support to the greenback, except versus Yen, which is the strongest for...
Aussie Dives as RBA Lowe Put Rate Cut Back on Table, Dollar Reversing?
Australian Dollar is again the focus in Asian session today. It drops sharply on surprised turn in RBA Governor Philip Lowe’s stance. To him, the next interest rate move is no longer more likely a hike, but evenly balanced. Aussie...
Swiss Franc Leads European Majors Lower, Dollar Fighting Back
European majors are generally under pressure today. Weak economic data from Eurozone and UK is one of the factors. Stocks are indifferent to the data though, and rise broadly probably on expectation that loose monetary policy will stay longer. Selloff...
Australian Dollar Surges as RBA Maintains Tightening Bias Despite Growth and Inflation Downgrade
Australian Dollar jumps broadly today after RBA rate decision. While growth and inflation forecasts are downgraded, the overall announcement suggests that RBA is maintaining tightening bias. The next move on interest rate is still a hike even though it may...
Yen Sold Off Broadly, Dollar Extends Recovery But Still Held Below Resistance Elsewhere
While Dollar is extending it’s broad based recovery today, it’s Yen’s weakness that’s worth more of a mention. There is no clear follow through in global stock rally today. Yet Yen is under broad based pressure and it’s overtaking Aussie...
Dollar Recovering Broadly, But Held Below Near Term Resistance
Dollar is trading broadly higher today, trying to recovery some of last week’s losses. New Zealand Dollar follows closely, which Canadian Dollar is also a close third. Yen and Australian Dollar are taking turns to be the weakest ones. Mildly...
Dollar Down But Not Out after Fed, Oil Lifted Canadian, Iron Ore Boosted Australian
Fed’s dovish turn occupied a lot of head lines last week. Stocks were lifted while Dollar was pressured. However, the moves were not as drastic as they could seem to be. There was no upside acceleration in stocks. Treasury yield...
Dollar Dips on Weak Wage Growth, Rise in Unemployment Rate
Dollar is back under some pressure in early despite very strong headline NFP number. The problem with the report is that, other parts are rather weak, including revision in prior month’s figure, rise in unemployment rate. More importantly, wage growth...
Dollar Regains Ground after US-China Trade Talks, Turns to Non-Farm Payrolls
It seems that the impacts of poor economic data and Fed’s dovish turn on the markets are “roughly balanced” for now. Stocks in the US and Asia turned mixed and stayed mixed since yesterday. Poor Chinese manufacturing data gives the...
Yen Rises as Risk Appetite Fades Following Weak US, Canada and Eurozone Data
Risk appetite fades today as sentiments are weighed down by a string of weak economic data from Eurozone and US. In short, German retail sales dropped the most in 11 years. Eurozone GDP growth was stuck at 4-year low in...
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