Australia & New Zealand Weekly: AUD/USD to Move Below 70¢ in 2019 as Fed Continues to Hike
Week beginning 12 November 2018 AUD/USD to move below 70¢ in 2019 as Fed continues to hike. RBA: Deputy Governor Debelle speaks. Australia: Westpac-MI Consumer Sentiment, wage price index, employment. NZ: retail card spending, house sales and prices. China: retail...
Dollar Firmer Up Again after Strong PPI, But More is Need to Prove Underlying Strength
Dollar turns a bit firmer again in early US session after stronger than expected PPI readings. For now it’s on of the strongest one today, along with Yen and Swiss Franc. But still, more technical breakthrough is needed in the...
Dollar Strikes Back as Yields Jumped after FOMC, Yen Following
Dollar is making a come back as US treasury yield surged after FOMC rate decision and statement. The decision to stand pat was widely expected. One surprise was probably the lack of reference to the stock market crash in October....
Dollar a Bystander ahead of Fed, Euro and Sterling Turn Soft
Dollar’s decline slowed today, ahead of FOMC rate decision. But there is so far no momentum for a sustainable rebound. It’s like trading mixed as a bystander for now. Instead, major movements are found in Euro and Sterling, which start...
No Acceleration in Dollar Selloff, Focus Turns to FOMC
Strong risk appetite carries through from US to Asian markets after Democrat’s regain of majority in House after the mid-term election. Nikkei closed up strongly by 401.12 pts or 1.82% at 22486.92. Hong Kong HSI is up 0.76% at the...
US Mid-Term Results Cheered by Stocks, But Dollar and Yields Pressured
Dollar’s selloff continues as markets enter into US session. It’s clear that Democrats have regained control of the House while Republicans retained control of Senate. The reactions in the financial markets are not too straightforward. Stocks are cheering the results...
Dollar Suffers as Democrats Set to Regain House Majority
Dollar trades broadly lower as results of US mid-term election kick in. At the time of writing, Democrats already claimed victory of 163 seats in the House while Republicans got 159 seats. And the Democrats have already achieved a net...
Sterling Rally Continues Even Though UK PM May Achieved Nothing on Brexit at the Cabinet Meeting
Sterling remains rather resilient despite more Brexit negative news today. There seems to be no progress on negotiation at all and there is little hope for a November EU summit. Nonetheless, the Pound defies gravity and is trading as the...
Australian Dollar Mildly Higher as RBA Raised Growth Forecasts, But Upside Capped
Australian Dollar trades broadly higher today after RBA stood pat but raised growth forecast a little. Though, it’s being held below last week’s high against both Dollar and Euro. More evidence is needed to prove its strength. Sterling, on the...
Sterling Firm Despite Weaker Data and Brexit News, Swiss Franc Weakest
Swiss Franc is clearly the weakest one for today so far. In particular selloff intensifies somewhat in European session. Weakness of the Franc also drags down Euro, which is trading as the second weakest. On the other hand, Sterling is...
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