Dollar Tumbled on Fed Powell’s Awkward Dovish Turn, FOMC Minutes Now Awaited
Dollar tumbled steeply overnight on Fed chair Jerome Powell’s awkward dovish turn. Within a matter of weeks, interests rate went from being “long way from” to “just below” neutral. Markets took that as a sign Fed is nearing a pause...
Sterling Makes a Come Back, Dollar Awaits Fed Powell
The British Pound makes a strong come back today and is trading as the strongest one at the time of writing. UK government released its long term Brexit economic analysis, showing that Prime Minister Theresa May’s Brexit deal could bring...
Dollar Turns Mixed as Rally Attempt Lost Steam, Trump Attacks Fed Again
Dollar turned mixed after yesterday rally attempt met with no follow through commitments from bulls. Trump reiterated his attack on Fed and on Jay Powell personally. Comments from Fed officials were mixed. But the greenback paid little attention overall. Australian...
Sterling and Euro Turn Weaker, But Dollar Struggles to Extend Gain
Sterling and Euro are trading as the weaker ones today, in otherwise mixed markets. Dollar appeared to be lifted by Trump’s renewed threats to China on tariffs. He said it’s “highly unlikely” to drop the planned tariff hike on Jan...
USD/JPY Surges in Mixed Markets, Euro and Sterling Lost Momentum
The forex markets are in a rather mixed mode this week so far, except that clear strength is seen in USD/JPY. Euro’s rebound yesterday was rather brief as Italy eventually decided to stick with its 2019 budget plan despite rumors...
Sentiments Lifted as Italy Shows Budget Flexibility, But No Follow Through Buying in Euro
Euro, Sterling, Australian and New Zealand Dollar are so far the stronger ones today. Euro is lifted by news that Italy is finally showing some flexibility to adjust it’s 2019 budget deficit target. The development also send European stocks higher...
Euro and Sterling Mixed after EU Approved Brexit Deal, Yen and Dollar Turn Softer
Australian Dollar leads commodity currencies mildly higher as week starts, following rebound in Asian markets. On the other hand, Yen, Dollar and Swiss Fran turn softer. Nevertheless, Chinese stock lack behind other hand Asian indices and struggle to gain. There’s...
Dollar Higher but Trump-Xi Meeting is a Wild Card
It’s another week with multiple theme happening at the same time. Swiss Franc ended as the strongest on risk aversion. Oil’s free fall could be that extra lift the the Franc. Dollar ended as the second strongest, but that’s mainly...
Euro Down on Growth Worry, Canadian Follow Oil Lower
Yen rises broadly today as risk aversion is back. Chinese stocks dived sharply in otherwise quiet Asian session. The Shanghai SSE closed down -2.49% at 2579.48 has likely completed recent corrective rebound. European indices also reversed initial gain and are...
Sterling Vulnerable as Brexit Lift Fades, Markets Quiet Elsewhere
The forex markets are rather quiet today with major pairs and crosses bounded in tight range. Sterling was lifted by news that UK and EU agreed on the declaration on future relationship. But the boost is so far limited as...
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