Dollar Tumbles Broadly after Dovish FOMC, More Downside Ahead
Dollar was sold off broadly overnight after Fed’s dovish FOMC statement. And it remains the weakest one for today. US equities also surged sharply and risk appetite was carried through to Asian session. Riding on this, commodity currencies are generally...
Dollar Surges after Strong ADP Job Data, FOMC Next
Dollar jumps notably in early US session against Swiss Franc and Yen following stronger than expected ADP job report. But strength in the greenback is not broad based. Traders are cautiously await FOMC statement and press conference, to see how...
Sterling Tumbles as UK Seeks Irish Backstop Renegotiation, Dollar Awaits FOMC and Trade Talks
Sterling tumbled broadly as the UK opened a new chapter in Brexit negotiation with yesterday’s parliamentary amendment votes. In short, Prime Minister Theresa May needs to go back to EU to renegotiate the Irish backstop into alternative arrangements. But EU...
Sterling Regains Ground But Upside Limited by Brexit Uncertainties
Sterling strengthens broadly today but upside is capped as markets are now watching Brexit debate in the Commons. The opening statement of May was rather dull as she repeated the pledge to deliver Brexit. Meanwhile the situation got more complicated...
Sterling Soft as Brexit Votes Awaited, Yen Shrugs Mild Risk Aversion
The forex markets remain rather quiet today so far. The selloff in stocks and oil overnight triggered some pull back in Canadian and Australian Dollars, but losses were limited. Similar, Yen was given just a mild pop while it’s unmoved...
Sterling and Canadian Weaken in Quiet Markets, Dollar Mixed ahead of Key Events
Trading in the forex markets has been rather subdued for most of the day. But there are signs of some additional weakness in Sterling and Canadian Dollar in early US session. Traders could be lightening up positions ahead tomorrow’s Brexit...
Dollar Weakness in Focus ahead of a Busy Week
Dollar weakness remains the main focus in rather directionless markets today. The greenback suffered steep selloff last Friday on rumors that Fed would discussing cutting short the balance reduction process. And Dollar will face a number of key events this...
FOMC, Government Reopen, US-China Trade Talks & NFP ahead for Dollar
Dollar ended last week as the weakest one after deep selloff before weekly close. A whole lot of events are scheduled ahead to keep the greenback busy. Those include FOMC rate decision, US-China trade talk, non-farm payrolls. Also, the partial...
Yen, Dollar and Swiss Franc Suffer as Markets in Full Risk-On Mode
Yen traders broadly lower today as risk appetite extends from Asia markets to Europe and then US. Dollar is following as the second weakest and then Swiss Franc. Meanwhile, New Zealand, Australian and Canadian Dollars are the strongest one. The...
Sterling Surges on Irish Backstop Time Limit Rumor, Pressing Key Resistance Against Dollar and Euro
Sterling surges broadly today on rumors that Northern Ireland’s DUP has privately agreed to conditional support to Prime Minister Theresa May’s Brexit deal. The Pound is also the strongest one for the week. While there are still a lot of...
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