Dollar in Free Fall, EUR/USD and GBP/USD Pressing Key Fibonacci Levels
Dollar’s selloff accelerates entering into US session today and drags down the Japanese Yen too. Strong employment data may halt the greenback’s decline temporary. But it’s definitely not enough to trigger a reversal. EUR/USD and GBP/USD are in proximity to...
New Zealand Dollar Surges on Strong GDP, Markets Mixed Elsewhere
New Zealand Dollar is the strongest one in the currency markets today, as boosted by fastest GDP growth in two years. Otherwise, the markets are rather mixed. Australian and Canadian Dollar turned softer and are trading as the weakest ones...
UK PM May Rocks Sterling’s Boat, Swiss Franc Pressured on Risk Appetite and Yields
Sterling suffered a lot of volatility today. It surged on stronger than expected consumer inflation data, but then reversed on news that UK Prime Minister Theresa May’s rejection of EU’s Irish border proposal. The Pound sort of stabilized then as...
Yen Dives on Strong Rally in US Treasury Yields, Trade War Ignored
Trade war escalations continue to be ignored by the markets in general. Dollar and Yen are staying as the weakest ones today. In particular, Yen is pressured additionally by sharp rally in US treasury yields over night. BoJ’s announcement to...
Business Back to Usual after Trade War Escalation, Show Time for Euro or Aussie?
This time, the escalation of US-China trade war is largely ignored by the financial markets. There were just some very brief knee jerk reaction in stock and the currency markets. Yen and Dollar are both back under pressure after initial...
US-China Trade War Escalated with New Round of Tariffs Formalized, But Market Reactions Muted
The new round of tariffs on China’s imports to the US was finally formalized. Dollar got a brief lift but there was no further buying. The impacts on the markets quick faded and what’s next will depend on China’s counter-measures,...
Dollar and Yen Back Under Pressure as Tariffs Rumor Hasn’t Turned into Reality Yet
Dollar and Yen are back under selling pressure today. In particular, USD/CHF and GBP/JPY take the lead in resuming recent moves. GBP/USD is following closely with eye on 1.3142 minor resistance. Both currencies received no special lift from news that...
Forex Markets Range Bound Despite Risk of US-China Trade War Escalation
The forex markets are trading steadily today, as another week starts as usual. Major pairs and crosses are so far still bounded in Friday’s range. It seems that traders took the news regarding escalation in US-China trade war rather lightly....
Sterling Strongest as Brexit Deal Looks Relatively More Certain in a Chained Erratic World
It was another typical week with market moving headlines flying around. Being two highly anticipated non-events, BoE and ECB didn’t disappoint investors by giving nothing new. On the other hand, there was a deep sense of nervousness ahead of Turkish...
Dollar Ignores Mixed Data and Recovers, Digesting This Week’s Losses
As the week is heading towards the close, Dollar is trying to pare back some of the losses over the few days. Mixed economic from the US are ignored by the markets. Nonetheless, the greenback is outshone slightly by the...
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