Sterling Still Facing Downside Pressure in Quiet Markets
Markets are generally quiet in Asian session today. Sterling is set to end as the worst performing one for the week. And it’s still facing much downside pressure against Euro, Swiss Franc and Yen. Dollar is following as the second...
USD/JPY Extends Correction Lower, Dragging Down Other Yen Crosses
USD/JPY’s near term correction accelerates lower today and the development drags down other Yen crosses too. There is no apparent reason for the rush into Yen. Stocks, yields, metals, and oil are all steady for now. We’ll monitor if the...
USD/JPY Extends Correction Lower, Dragging Down Other Yen Crosses
USD/JPY’s near term correction accelerates lower today and the development drags down other Yen crosses too. There is no apparent reason for the rush into Yen. Stocks, yields, metals, and oil are all steady for now. We’ll monitor if the...
Euro Making Progress as Focus Turns to ECB Accounts
Markets are generally mixed as FOMC minutes overnight delivered basically what have be told. Asian stocks are mixed, following the US session. Gold and oil are both stuck in range. In the currency markets, Euro and Swiss Franc are paring...
Euro and Franc March on, Sterling Extends Slide
The rallies of Euro and Swiss Franc continue today, with much help by buying in crosses, in particular against Sterling and Aussie. The latter two are currently the worst performing ones, with Sterling as the weakest for the week too....
Euro and Franc Strong in Mixed Markets, Dollar Await FOMC Minutes
Euro and Swiss Franc are currently the strongest ones for the week, but overall markets are relatively mixed. The rise in Euro owes a large part to Sterling’s pull back, as well as Dollar’s weakness for now. While overall risk...
Sterling Paring Recent Gains, Euro and Swiss Firmer
Positive sentiment sent German DAX to new record high today, while US futures point to a firm open. Investors are becoming more optimistic on the upcoming recovery, as seen in Eurozone Sentix data. IMF also raised growth forecast of the...
Dollar Tumbles as DOW Hits Record, Aussie Shrugs RBA
Dollar trades broadly lower this week so far, following the strong record close in stocks overnight. Nevertheless, Yen and, to a larger extent, Swiss Franc are not following the selloff much. Commodity currencies are trading broadly higher together with Sterling....
Sterling Rises in Subdued Markets, Stocks to Extend Record Runs
Sterling rises together with commodity currencies today. Trading has been rather subdued with most markets closed. But activities should come back to life in US session. US futures point to sharply higher open with DOW likely to ride on the...
Dollar Retreats after Jobless Claims, Sluggish Pre-Holiday Trading Elsewhere
Dollar retreats mildly in early US session after weaker than expected job data. Also, treasury yield is retreating mildly while stocks point to higher open, in particular NASDAQ. Pre-holiday trading in the currency markets is generally mixed. Aussie tumbled earlier...