Dollar Broadly Pressured after FOMC, Sterling Strong ahead of BoE
Dollar stays broadly pressured today as post FOMC selloff extends. While Fed delivered the widely anticipated rate hike, it maintained the forecast of a total of three hikes in 2018 only, not four. Aussie is the only failing to join...
USD and NZD Weak ahead of FOMC and RBNZ, Sterling lifted by Job Data
Sterling is staying in the spotlight today as the set of job and wage data boosts the chance of a May BoE hike. The central bank’s announce tomorrow is now rather important as some hawks could come back flexing their...
Dollar Turns Soft as Markets Await FOMC Hike, Sterling Looks into Job Data
Dollar trades broadly softer in Asian session today as yesterday’s rebound attempt lost steam. Traders are also turning more cautious ahead of FOMC rate decision. While Fed is widely expected to hike, the main question remains on whether there will...
Euro Reverses as Germany Outlook Worsened Considerably, Sterling Pare Gains after CPI Miss
Euro and Sterling trade notably lower today as economic data missed expectation. Sterling remains relatively firm and stays as the strongest major currency for the week. The CPI miss was just 0.1% yoy, and Brexit transition deal should still give...
UK CPI Could Trigger Sterling Bulls and BoE Hawks
Sterling remains the strongest one as markets is now preparing for inflation data from UK today. The progress in Brexit negotiation removed one key obstacle for BoE to hike again in May. And CPI data will be a key factor...
Trade War a Major Theme in Busy Week of Central Banks, Data and Politics
The week open relatively quietly again with Swiss Franc leading the way down, followed by Aussie and Kiwi. Dollar strengthens broadly but it’s again out shone by Japanese Yen. Asian markets are mixed with Nikkei trading down -0.8% at the...
CAD, AUD, NZD All Suffered as Trump Stepping on Protectionist Acceleration Pedal
Yen maintained solid strength throughout last week as it ended as the strongest one. Meanwhile, the fortunes of commodity currencies suddenly reversed towards the end. Canadian, Australian and New Zealand Dollar ended as the three weakest ones. Some blamed the...
Safe Haven Theme Dominates, Yen Strong, Commodity Currencies Weak
Safe haven flows remain the main theme in the forex markets today even though global equities are rather resilient. Yen and to a lesser extend Swiss Franc are trading generally higher. Meanwhile, commodity currencies, Canadian, Australian and New Zealand Dollars...
Dollar Mildly Higher after Solid Data but Upside Limited, Franc Shrugs off SNB
Dollar strengthens mildly in early US session after some solid economic data. But gain for the greenback is so far limited. While Dollar follow Yen as the second strongest major currency for today, it’s still down again all but Aussie...
Trade War Theme Dominates Markets, Dollar Stays Weak
Trade war continued to be the main theme in the financial markets. In particular, investors are getting increasing concerned with the reported USD 40b tariffs on Chinese goods by the US. DOW closed -1.0% lower overnight to 24758.12. S&P 500...
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