Forex Markets in Range, Yawn Unambitious Chinese President Xi
The forex markets open the week rather quietly. Sterling and Dollar are generally firmer but are both kept below Friday’s high. The Pound did attempt to rise against Euro at open but quickly retreated back into familiar range. On the...
Trade War Overshadows Fundmentals in the US, Election to Join the Party
What is a bigger driver of volatility in the markets, politics or monetary policy? Judging only from last week’s development, politics got the nod, at least in the US. Investor sentiments initially sank on report that Trump was ready impose...
Dollar Trying to Recover as NFP Beat Expectations, Euro Strong as German-Italian Spread Narrows
After being pressured for most of the day, Dollar is trying to recover in early US session after better than expected job data. Though, momentum remains weak so far, and the greenback is trading mixed only. On the other hand,...
Progress in US-China Trade Talks Boosts Sentiments and Australian Dollar, Non-Farm Payroll Watched
Asian stocks, as well as Australian and New Zealand Dollar, are shot up by optimism that US-China trade negotiation is having some nice progress. At the time of writing, Hong Kong HSI is leading the way up with 2.4% gain....
Sterling Strong as Supported by More Confident BoE, Ignores Brexit Deal Dismissal and Weak Data
Sterling remains strong in general today, next to Australian and New Zealand Dollar. UK and EU officials came out dismissing the news regarding a Brexit financial services deal. But that didn’t harm the Pound a bit. Instead, Sterling ignore weak...
Sterling Rides on Brexit Optimism, Look into BoE Economic Projections
Sterling surged overnight on Brexit optimism and is boosted further in Asia with more Brexit-positive news. Though, for today, it’s overwhelmed by Australian and New Zealand Dollar on strong risk appetite. The Pound will need to look into BoE economic...
Dollar Lifted by Strong ADP Employment, EUR/USD to Take on 1.13 Key Support
Dollar is trading broadly higher today. In particular, new buying emerges after stronger than expected ADP employment report. USD/CHF breaches 1.0067 key resistance. Meanwhile, EUR/USD is also closing in on 1.1300 key support. Nonetheless, Dollar is overwhelmed by Sterling, which...
Dollar Regains Control as Stocks and Yield Rebound, Facing Key Levels Against Euro, Sterling and Franc
Dollar index jumped overnight and breached 96.98 key resistance, with the help from rebound in stocks and treasury yields. But strength of the greenback mainly centered against Sterling, Swiss Franc and Yen. It’s holding in range against Euro, Canadian and...
Yen Extends Fall as Calm Markets Shrug US-China Trade War Threats
Yen trades broadly lower today as stock markets stabilized in both Asian and Europe. Meanwhile, Sterling, and Euro are following as the weakest. There is no sign of breakout of any kind in Brexit negotiation. Economic data out of Eurozone...
Asian Markets Rebound as Trump Toned Down Trade War Threat, Dollar and Yen Soften
Early rebound in US stocks overnight initially supported Dollar. But the greenback couldn’t hold on to the gains as stocks suffered steep reversal. Fed’s rate hike was not the reason for the selloff. Instead, the trigger of the late selloff...
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