Sterling Jumps on Brexit Delay Talks, Dollar Steady after CPI
Sterling surges broadly today on rumor that there will be delay in the Brexit date. Even though the government came out quickly denying intention for Article 50 extension, the Pound stays firm. As next Tuesday’s Brexit meaningful vote looms, it’s...
Dollar Stays Soft as Fed Powell and Clarida Called for Patience, But No Extended Selling
Dollar continues to trade as the weakest one for today and the week. The chorus of Fed’s “patience” rhetoric continued overnight with the top two men in Chair Jerome Powell and Vice Chair Richard Clarida. But the marginal impact in...
Forex Markets Turn Mixed as Stocks Rebound Fade, More Fed Speaks Ahead
The forex markets is rather mixed today, partly thanks to fading momentum in global stock rebound. Australian Dollar is so far the strongest one for today. Dollar follows as second strongest, paring some of yesterday’s losses. Yen is the third...
Dollar Weakened Broadly as Fed Seeks Patience, Government Shutdown Continues
Dollar is turning mixed in Asian session today, but it remains the weakest one for the week. The greenback was knocked down by a wave of cautious comments from Fed officials, as well as the FOMC minutes. In short, Fed...
Global Markets Surge as US-China Trade Talks Ended Positively
Global stock markets are boosted by optimism over US-China trade negotiation. And commodity currencies ride on positive sentiment to strengthen broadly today. On the other hand, Yen is clearly under broad based pressure as risk aversion receded. It’s followed by...
Optimism on US-China Trade Talks Lift Sentiments, Canadian Dollar Strong ahead of BoC
Commodity currencies are trading broadly higher today as risk appetite is lifted by optimism over US-China trade negotiations in Beijing. Canadian Dollar is additionally supported by rally in oil price, with WTI breaking 50 handle. On the other hand, Yen...
Dollar Trying to Recover Further as 10-Year Yield Back Above 2.7
Canadian and US Dollar are the strongest ones in a rather quiet day. WTI crude oil stays firm above 49 but there is no buying to push it through 50 handle yet. But that’s enough to keep the Loonie buoyed...
Dollar Higher after Defending Support, Canadian Even Stronger
Dollar trades generally higher in Asian session today, rebound from near term support levels against Euro and Swiss Franc. The greenback is also seen losing some downside momentum against Sterling and Australian Dollar. Recovery in US treasury yields help and...
Euro Shrugs Off Deteriorating Investor Confidence, Rises Together With Swiss Franc
Swiss Franc and Euro are the strongest major currencies in a rather quiet day today. Mild recovery in German bund yield is giving the common currency a little lift. But the main drive in the forex market is Dollar’s weakness....
Dollar Broadly Lower on Cautious Fed Powell, US Government Shutdown Continues
Riding on the strong rally in the US on Friday, Asian opened the week generally higher. While major Asian indices maintain gains, there is no follow through buying seen. There seems to be enough risks to keep investors’ hands tied,...