Canadian Dollar Lower after Employment Miss, But US Dollar Even Worse
Canadian dollar drops broadly as employment data missed market section. While it’s trading as the weakest one for today, the movement in USD/CAD is rather muted. That’s because focus is turning to the greenback again as selling gathers momentum. Weakening...
Dollar Stabilized from Post CPI Selloff, Sterling also Found Footing
The post CPI selloff in Dollar was relatively shallow and the greenback is regaining some footing today. Similar Sterling stays week after post BoE selling, but loss is so far limited. On the other hand, Canadian Dollar remains the strongest...
Sterling Patiently Awaits BoE Super Thursday, NZD Dived on Dovish RBNZ
Dollar, Sterling and Canadian Dollar remain the strongest three for the week. But is should be noted that the reasons behind the strength are different. The greenback continued to draw support from strength in treasury yields as 10 year yield...
Canadian Dollar Strong on Oil Price, Dollar Reversed Gains
Yen remains the weakest one in early US session while strength in oil price is giving Canadian Dollar a strong boost. Dollar, on the other hand, reversed earlier gains and trades broadly lower, except versus Yen. Bullish momentum of the...
Yen Broadly Lower and Trump’s Iran Deal Withdrawal Lifts Oil Price and Yield
Reactions to US withdrawal from the Iran nuclear deal were centered in oil and yield. Stocks had a rather quiet day yesterday with DOW ended up 0.01%, S&P 500 down -0.03% and NASDAQ up 0.02%. At the time of writing,...
Swiss Franc and Yen Surge as Markets Preparing for Risk Aversion ahead of Trump’s Iran Deal Decision
The strong rally in both Swiss Franc and Japanese Yen, together with selloff in commodity currencies, argue that forex traders are preparing themselves for some risk aversion. US President Donald Trump’s decision on Iran deal today should be the key...
Dollar and Yen Staying Near Term Bullish Against Euro, With Weaker Momentum
The forex markets are basically staying in recent trends, but with weaker momentum. Dollar extended the rally against Euro and Swiss Franc, but it’s kept in tight range against Sterling, Aussie and Loonie for the momentum. Yen, is broadly higher...
Dollar Extending Rally against Euro and Swiss Franc as Weak Eurozone Data Weigh
Dollar is extending recent rally against Euro and Swiss Franc in early US session. EUR/USD breached 1.19 handle as it’s now trying to get rid of 1.2 firmly. USD/CHF reaches as high as 1.0055 and breached 1.0037 resistance. Weak Eurozone...
Dollar Mildly Firmer in Quiet Markets, USD/JPY Pressing Channel Support
The forex markets open the week rather quietly today. Dollar is trading mildly firmer in tight range against other major currencies. Aussie is so far the weakest one today, getting no support from positive business condition and confidence data. Markets...
Yen Beat Dollar as the Strongest in Yields Driven Forex Markets
Dollar ended last week broadly higher except versus the Japanese Yen. While economic data from the US were generally disappointing, they were not bad enough to alter Fed’s path of three rate hikes this year. Just that, the data didn’t...
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