Dollar Rally Halts after a Solid Quarter, Stays Bullish on Trade Tensions
Canadian Dollar ended last week as the strongest one. Strength in oil price, with WTI hitting four-year high was a factor. Solid Canadian GDP and Business Outlook Survey also support a July BoC hike. Euro followed as the second strongest...
Euro to End the Month on a Strong Note, Inflation Data Couldn’t Help Dollar
Euro continues to trade as the strongest one for today as boosted by the EU leader’s agreement on immigration. While the common hasn’t been the star this month, it’s indeed up against all but Dollar. European stocks investors are also...
Euro Cheers EU Agreement on Migration, Yen Dives as Chinese Stocks Rebound
Euro surges broadly today as traders cheer the agreement by EU leaders on migration. Australian Dollar follows as the second strongest as Chinese stocks lead a strong rebound in Asian equities. At the time of writing the Shanghai composite is...
Sterling Downside Breakout Against Dollar and Euro, Risk Aversion Stays
Risk aversion continue to be a main theme in the markets, ahead of quarter end. At the time of writing, major European indices are trading in red. DAX leads again by losing -1.27%, CAC down -0.76% and FTSE down -0.44%....
Dollar Stays Strong after Roller Coaster Ride in Stocks
It was a roller coaster ride in US stocks overnight. The markets cheered Trump’s backing down on the hard-line position on curbing Chinese investments in US companies. But White House economic advisor Larry Kudlow spoiled the party said the plan...
Dollar and Stocks Cheer as Trump Backs Down on Chinese Investments
Dollar ignores mixed economic data and surges broadly, except versus Canadian in early US session. Sentiments are generally lifted by news that Trump is backing down again on his tough stance on curbing Chinese investments, after backfires from businesses and...
Markets Getting Comfortably Numb on Trade Spats
The forex markets are generally in range today except New Zealand Dollar, which tumbles broadly following business confidence data. The US continued to step up its verbal attack on trade partners, but the financial markets are not too bothered about...
Forex Markets Staying Corrective Despite Trade Spat Escalations
The stock markets are rather steady today so far even though US continues with its tariff threats on other countries. At the time of writing, European indices are mixed with DAX nearly flat while CAC is up 0.2%. FTSE is...
Global Stocks Down as White House Sent Confusing Messages on Foreign Investment Curb, Yen Strong
Trade tension and protectionism remain the major theme in the financial markets. Following the selloff in US stocks, Asian indices are generally under pressure today. At the time of writing, Nikkei is trading down -0.52%, Hong Kong HSI is down...
Euro Lifted as German Ifo Marginally Beat Expectation, But Yen Still the Strongest on Trade Threats
Yen remains the strongest one for the day, as risk aversion dominates. Commodity currencies, Australia, New Zealand and Canadian Dollar remain the weakest. But some additional strength is seen in Euro as German Ifo business confidence came is not too...
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