Dollar Declines as Trump Urged Fed to Feel the Markets, But Loss Limited as Traders Await Projection Numbers
Dollar selloff takes center stage today as Trump continues with his verbal intervention on Fed policy. But Canadian Dollar is even weakest as down trend in WTI crude oil extends. Swiss Franc is for now the third worst performing one....
Yen Trading Higher as Risk Aversion Spreads from US
Yen is trading as the second strongest one for today, next to New Zealand Dollar, as risk aversions spread from the US to Asia. There were continuous rhetorics from Trump’s administration against Fed’s rate hikes. But the fact that Dollar...
Swiss Franc Leads Europeans Higher, Dollar Softer after Poor Data
European majors are trading generally higher today, as led by Swiss Franc. Euro is also strong but to a lesser extend while Sterling just follows. On the other hand, Dollar is under some selling pressure, in particular after much weaker...
Markets Cautiously in Tight Range, Awaiting FOMC Rate Hike and Economic Projections
The financial markets are rather steady in Asia today. Nikkei and and Singapore Strait Times are having notably rebounds. But China and Hong Kong stock markets are mixed. In the currency markets, Yen is the generally weaker one, followed by...
Fed’s Economic Projections to Provide Guidance as Concerns on Global Slowdown Intensify
Sterling and Brexit was the center of focus during the early part of last week. The parliament vote on Brexit was postponed to at least January. UK Prime Minister Theresa May survived leadership challenge but her position is shaky with...
Yen and Dollar Soar on Risk Aversion, EUR/USD Downside Breakout Imminent
Yen and Dollar are the strongest ones today as global stock markets are back in selloff mode. Sentiments turned sour after weaker than expected Chinese sales and production data. Adding to that, Eurozone came showed further decline in growth momentum,...
Weak Chinese Data Sent Asian Stocks and Aussie Lower
Asian stocks are under pressure today as weaker than expected data from China prompted growth worries. New Zealand and Australian Dollar are trading as the weakest ones for today. Sterling follows as the third weakest as UK Prime Minister Theresa...
Euro Turns Slightly Softer as ECB Lowers 2019 Growth and Inflation Forecasts, Increasingly Cautious
It’s a relatively calm day today despite all the high profile events. At the time of writing, Euro is trading as the weakest one after ECB delivered a dovish shift as expected. In short, 2019 growth and inflation forecasts are...
UK PM May Survived Leadership Challenge, Focus Turns to SNB and ECB
Risk sentiments are rather firm in Asian markets as major indices opened up and are extending gains. UK Prime Minister Theresa May’s survival of the leadership challenge is a positive factor. Also, progress and US-China trade talk is another factor....
Sterling Soars as Traders Believe UK PM May Will Survive Leadership Challenge
The UK is in the center of focus again today. Now the time has come for a leadership challenge on UK Prime Minister Theresa May. Sterling gains a lot of round as it looks like May could survive this big...