Sentiments Stabilized after Selloff, Downside Prospect for Weak Sterling
Risk sentiment appears to have stabilized in Asia a bit. The steep fall in Nikkei was just a post-holiday catch up. Yen and Swiss Franc are digesting gains but remain the strongest for the week. Sterling is indeed the worst...
Yen Accelerates Further as China Fear Spreads, Dow to Press Key Support
Markets are generally in deep risk-off mode today, as China property fears spread from Hong Kong stocks to European to US. Yen remains the strongest one as rally extends, which Swiss Franc is trying to catch up. Dollar is is...
Yen Surges as Hong Kong Stocks Accelerate Free Fall
Yen jumps broadly in Asian session today as Hong Kong stocks are accelerating its free fall. Dollar is following as the second strongest for now, and then Swiss Franc. Commodity currencies are naturally the weakest, as led by Australian Dollar,...
Dollar and Yen the Runaway Leader on Increasing Risk of Correction in Stocks
Dollar and Yen were the runaway leaders in the forex markets last week. While Fed is not quite likely to announce tapering this week, recent solid data argues that November would finally be the date. Stocks in US and Europe...
Swiss Franc and Yen Under Some Selling Pressure ahead of Weekly Close
Swiss Franc and Yen are both under some selling pressure today, following rallying major global treasury yields. Sterling is weighed down by weak retail sales while Euro is not too far away. Dollar is mixed and Canadian and Aussie are...
Sterling Dips after Retail Sales, Yen Reversing Gains in Quiet Markets
Overall markets are relatively quiet today so far. Yen continues to reverse this week’s gain as risk sentiment appear to have stabilized. Dollar also softens while Sterling dips mildly after poor retail sales data. On the other hand, commodity currencies...
Dollar Surges on Unexpected Strong Rise in Retail Sales
Dollar jumps sharply in after data shows strong rise in retail sales, versus expectation of a decline. The data also raises optimism that it’s just the start of resurgence in consumer demand, as the world is exiting the pandemic with...
Yen Stays Firm on Risk Aversion in Asia, But Dollar Holding on to Support
Yen is trading generally firm today as risk sentiment in Asia is decoupling from that of the US. Nikkei is so far rather resiliently holding above 30k handle, despite slight retreat. But Hong Kong HSI is having another day of...
USD/JPY Presses 109.1 Support as Yen Rally Continues, Strong UK and Canada CPI
Rally in Yen and Swiss Franc dominated trading for most of the day, and it stays firm in early US session. Nevertheless, as sentiment of US traders are not too pessimistic, buying in both slows a little bit. On the...
Yen Rising as Sentiment Weighed Down by Poor China Retail Sales
The impact of slowing in US inflation was rather short-lived as major indexes turned red after initial rise. Sentiment is further weighed down by poor retail sales data from China. Yen notably overnight on mild risk-off sentiment while Dollar also...