Sterling Rises on Falling Delta Infections, Dollar Softens
Sterling rises broadly today despite dovish comments from a BoE policymaker. Sentiment towards the Pound is likely support by declining trend in delta variant infections. Other European majors are also firm together with Yen. On the other hand. Dollar is...
Swiss Franc and Yen Higher on Selloff in Hong Kong and China
Yen and Swiss Franc are trading mildly higher as the week starts. Heavy selling is seen in stock markets in Hong Kong and China. Yet, Japan came back from holiday with mild gains. Commodity currencies are generally soft, with Aussie...
Stocks Closed at Records as Delta Worries Receded, Dollar Index Holding On to Weak Rally
It has been a very volatile week as risk markets were initial knocked down by fear of the infectious delta variant. But sentiment made an about-turn then, even with US indexes closing at record highs. Still, despite late recovery, Australian...
Yen Lower Again as Risk Turned On, Loonie Shrugs Retail Sales
Yen drops broadly today as markets turn back into risk-on mode. It has indeed become the worst performing one for the week. Dollar is also staying to look a bit vulnerable against European majors and commodity currencies. Canadian Dollar is...
Canadian Dollar Firm as Focus Turns to Retail Sales
Trading in Asian session is relatively subdued today, as some participants are already looking forward to the weekend, after a roller coaster ride. Canadian Dollar is currently the strongest one for the week, helped by rebound in WTI oil price,...
Euro Steady Against Dollar after ECB, Jobless Claims
Euro is trading steadily in US session after ECB finally revealed it’s new forward guidance. Though, the common currency is notably weak against Sterling and commodity currencies. Meanwhile, Dollar and Swiss are also weak, together with Yen, as market sentiments...
Euro Looks Forward to ECB, Canadian Dollar Rebounds With Oil Price
Dollar and Yen lost their position as the strongest ones as US stocks staged another day of massive rebound overnight, together with treasury yields. On the other hand, Canadian Dollar is currently the best performer for the week, helped by...
Dollar Rises Against Yen as Sentiments Recover Further
The forex markets appear to be turning into a consolidative phase for now. Yen is trading broadly lower as European indexes and US futures rebound further. Canadian Dollar is the strongest one with WTI crude oil reclaiming 68 handle. Aussie...
Dollar and Yen Firm as Asia Shrugs US Rebound, Sterling Vulnerable
While US stocks staged a strong rebound overnight, the moves didn’t follow through in mixed Asia. There is also little reaction in the currency markets. Yen and Dollar remain the strongest ones for the week, despite retreating mildly. New Zealand...
Sterling and Kiwi Fall on Fragile Market Sentiments, Dollar Strong
Overall sentiments in the financial markets remain rather fragile today, despite some stabilization. Major European indexes are trading slight up while DOW futures also gains over 150 pts at the time of writing. But there appears to be little support...