Euro Mixed Ahead of ECB, Dollar Sellers Await Stock Rally
Canadian Dollar surges broadly overnight after BoC’s hawkish tapering. Yet, it’s currently still one of the weakest for the week together with Dollar. The post-meeting buying was not enough to turn the Loonie into black against others yet. As for...
Dollar and Yen Fail to Extend Rebound in Mixed Markets
The financial markets are trading in mixed mode today. European stock indices are mixed while US futures point to slightly lower open. Sentiments are slightly on the risk-off side on coronavirus concerns, but selloff is so far relatively shallow. There...
Yen Rebounds as Risk Markets Correct, Canadian Dollar Weak Ahead of BoC
Yen rebounds notably overnight, following the pull back in stocks. Market sentiment was weighed down by renewed concerns over coronavirus infections, which also dragged down oil prices. Dollar also followed and recovered. On the other hand, commodity currencies reversed their...
Risk Markets Consolidate on Pandemic Concerns, Dollar Recovering Mildly But Stays Weak
Some renewed concerns over global spread of coronavirus appears to be putting risk-on rally to a halt. In Japan, Tokyo Governor is seeking the government o declare a state of emergence to curb the infections ahead of the Olympics that...
Sterling Firm ahead of Job Data, Dollar and Yen Pressured
Sterling stays firm in Asian session today, but remains the strongest one for the week so far. The Pound will look into UK job data for inspiration for further rally. Meanwhile, Dollar and Canadian remain the weakest ones for now....
Dollar Selloff Resumes and Accelerates, Sterling Gaining Most For Now
Euro finally breaks through 1.2 handle against Dollar, as the greenback’s selloff resumes today and accelerates broadly. Nevertheless, Euro is overwhelmed by others, in particular Sterling, which is the strongest for now, followed by Swiss Franc. Commodity currencies are somewhat...
Euro Falls in Crosses, Yen Bounces on Strong Export Data
Yen bounces broadly in Asian session session today, after Japan reported solid trade data. Sterling is currently following as second strongest, then Aussie. On the other hand, Euro weakens in general, dragging down the Swiss Franc too. The developments came...
Pull Back in Treasury Yields Boosted Stocks to New Record, Dollar Set Up for More Downside
Dollar tumbled broadly again as falling treasury yield pushed US and German stocks to new record highs. Near term trend in the greenback should have reversed, but it’s unsure whether it’s ready for medium term down trend resumption yet. At...
Dollar Edges Lower in Quiet Trading, Gold Extends Rally
Dollar edges lower today but there is no follow through selling so far, in quiet markets. Still, the greenback is set to end the week as the worst performer, followed by Canadian and Swiss Franc. Sterling dipped notably earlier today...
Falling Yields Boosts Stocks and Sentiments, Dollar in Consolidations
Sharp decline in US treasury yields overnight boosted DOW and S&P 500 to new record highs. Positive sentiments also somewhat carried on in Asian session today, as supported by solid data from China. The forex markets are quiets, however. Dollar...