Dollar Staying in Consolidations With Bearish Outlook, FOMC Next
The financial markets are generally steady today as traders are holding their bet ahead of FOMC announcement. US President Joe Biden is set to unveil a USD 1.8T package for family and education, but that’s unlikely to trigger much reaction....
Aussie Tumbles after CPI, Yen Falls as FOMC Awaited
Australian Dollar tumbles broadly in Asian session after weaker than expected CPI data. Sterling is following as the second weakest , and then New Zealand Dollar. Dollar firms up mildly as traders await FOMC rate decision, but the rebound is...
Swiss Franc Mildly Firmer in Subdued Trading
Trading in the financial markets is rather subdued today. Swiss Franc is the stronger one at the time of writing, followed by Dollar and Sterling. Commodity currencies, on the other hand, turn softer with Australian Dollar leading the retreat. But...
Canadian Dollar Jumps While Dollar Recovers, Yen Shrugs BoJ
While NASDAQ and S&P 500 closed at new records overnight, there is no follow through risk-on buying in Asian session. Investors are generally still cautious ahead of Fed meeting. Dollar recovers in general but upside momentum is very weak. Canadian...
Dollar Mixed after Durable Goods Miss, Aussie Leads Commodity Currencies Higher
Overall market sentiments are steady today. Commodity currencies are currently the strongest ones for today so far, as led by Aussie. Dollar is recovering despite weaker than expected durable goods orders. Euro turns after after slightly weaker than expected Germany...
Dollar Selloff Extends as Focus Turns to Fed, BoJ, GDP and Inflation
Dollar’s decline continues as another week starts as focus turns to Fed and BoJ, as well as a batch of important economic data. . European majors are also soft even though they managed to gain against the greenback. On the...
Dollar’s Near Term Bearishness Persists, Other Currencies Mixed
Dollar ended as the worst performing one last week as near term bearishness persisted. Q1’s rebound should have completed and the main question is whether it’s ready for new lows. That is, indeed, in favor unless overall risk-off sentiments were...
Dollar in Fresh Selloff, Yen and Euro Strong
Fresh selloff in seen in Dollar as we enter into US session. Euro was lifted earlier today by strong PMIs. But it could be taken over by Yen before weekly close. Mild risk aversion in Europe is keeping Yen afloat....
Yen Firm in Quiet Markets, Bitcoin Free Fall
While US stocks tumbled overnight, Asian markets are just mixed. Gold and oil are stuck in range too, while the bigger move is found in bitcoin. The forex markets are also generally staying in tight range. Yen is currently the...
Euro Mildly Higher after ECB, But No Upside Breakout Yet
Euro rises mildly after ECB President Christine Lagarde sounded cautiously upbeat in the post-meeting press conference. Yet, there is no clear follow through buying for an upside breakout yet. Dollar is also not much supported by better than expected jobless...