Aussie Surges after Strong Employment Data, Focus Turns to UK Retail Sales
Australian Dollar jumps broadly today after much stronger than expected job data. But upside against Dollar is capped so far. After all, RBA is clear that it’s next move is likely a hike, yet there is no strong case for...
Sterling Hammered after CPI, Dollar Overwhelmed by Swiss Franc and Yen
Sterling’s selloff accelerates as UK CPI missed market expectations. And that lowers the chance of a should-be-done-deal August BoE hike. In the background, Brexit uncertainty is also weighing on sentiments towards the Pound. Meanwhile, Australian Dollar and Euro are trading...
Dollar Surges as Fed Powell Affirmed Policy Path, Sterling as Weak as PM May
Dollar is staying firm in Asian session today after overnight rally. Markets received Fed Chair Jerome Powell’s composed and balance testimony rather well. And he basically affirmed that Fed in on track for its projected rate path. In particular, USD/JPY...
Dollar Rebounds as Markets Await Powell, But Swiss Franc and Kiwi Outperform
Dollar is regaining some ground as markets await Fed chair Jerome Powell’s Congressional Testimony. But still, New Zealand Dollar is the strongest one today as lifted by inflation data. Swiss Franc trades as the second strongest as European indices are...
New Zealand Dollar Jumps on RBNZ Inflation Reading, Australian Dollar Higher on RBA Minutes
Commodity currencies trade generally higher today. New Zealand Dollar leads the way following improvement in RBNZ’s own preferred core inflation measures. Australian Dollar is also firm after RBA reaffirmed that the next move is likely a hike rather than a...
Euro Lifted as EU Made Progress With China, Dollar Soft after Retail Sales
Dollar remains generally weak in early US session despite a mild lift from retail sales data. While the greenback and Japanese yen are competing as the weakest one, Canadian Dollar joins the race as WTI crude oil drips below 70...
Markets Weighed Down Slightly by Soft China Data, Dollar and Yen Dip Lower
Asian markets are weighed down slightly by a batch of soft economic data from China, but loss is limited so far. At the time of writing, China Shanghai SSE is down -0.47% and stays above 2800 key level throughout the...
Dollar Not Ready to Resume Up Trend Yet, Risk Appetite to Continue
Yen and Swiss Franc ended as the weakest ones last week as global stock markets ended higher. There were some jitters in risk sentiments after US announced to move on with tariffs on additional USD 200B in China imports, which...
Dollar Retreats Mildly after Import Price Miss, Still Set to Close the Week as Strongest
Dollar is set to close as the strongest one for the week, after today’s rally. Some setback is seen after import price index miss but the retreat is so far shallow. Yen is trading as one of the strongest alongside...
Dollar Regaining Momentum While Risk Appetite Stays Strong, NASDAQ Hit Record High
The markets are rather calm today as supported by relatively positive investor sentiments. NASDAQ surged to new record high at 7825.67 before having a strong close at 7823.92, up 1.39%. DOW ended up 0.91% at 24924.89 while S&P 500 rose...
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