Yields Rise, Stocks and Oil Plunge, Yen Shrugs BoJ
Renewed surge in US treasury yields overnight sent stocks lower. Risk-off sentiments continued in Asian session general. Australian Dollar is currently the worst performing one for the day, weighed down further by weak retail sales data. Canadian Dollar is following...
Sentiments Weighed Down by Unstoppable Yields, Dollar Recovers
Sentiments appear to be weighed down by the upstoppable rally in treasury yields again today. At the time of writing, US 10-year yield is trading above 1.75 handle while Germany 10-year bund yield is at -0.25. US futures point to...
Dollar Falls on Risk-On Sentiment after FOMC, Aussie Powers Up on Job Data
Dollar dropped broadly overnight as markets turned into mild risk-mode following FOMC rate decision. A better economic outlook was painted by the new economic projections. Yet, Fed is clear that it’s not even considering tapering the asset purchases for now....
Dollar Steady, Yields Impatient ahead of FOMC
The markets remain generally quiet today, awaiting FOMC rate decision. Sterling regains much of the ground lost earlier in the week. Canadian Dollar is also firm, in particular against other commodity currencies. On the other hand, Swiss Franc is paring...
Dollar Holding in Range, FOMC Awaited
The markets continues to trade in non-committal way as traders await Fed’s comments on treasury yields. Swiss Franc is currently the strongest one for the week, thanks to yesterday’s rally. But there is no follow through buying so far. Canadian...
Yen and Swiss Rebound, Sterling Decline Fades Quickly
There isn’t really a clear direction in the currency markets today. Sterling’s selloff in European session quickly faded. Focus is turning to Yen and Swiss Franc rebound in early US session. Weakness in treasury yield is a factor driving the...
Sterling Dips Against Euro and Swiss, S&P 500 Hit New Record
Markets remain cautious overall. While DOW and S&P 500 hit new record highs overnight, the gains were just modest. Gold and WTI oil are also both stuck in tight range, awaiting breakout. In the currency markets, Sterling is apparently under...
Canadian Dollar Strong in Subdued Markets, Yen Weak
Trading is generally subdued in the markets today. European indices are stuck in very tight range while US futures point to slightly higher open. Both gold and oil are bounded in consolidative trading. Bitcoin was short to new record high...
Yen Soft in Mixed Markets, Strong China Data Shrugged
The markets are generally mixed in Asian session today. Strong data from China were shrugged by investors in general. Instead, sentiment is a bit cautious ahead of the highly anticipated FOMC meeting in the middle of the week. Yen is...
DOW, SPX and DAX Hit Records While US Yield Surged, CAD Shone
Global equities struck a strong note in ending last week, with help from fresh US stimulus and ECB’s pledge to accelerate asset purchases. Yen, Dollar and Swiss Franc ended as the worst performing ones. Canadian Dollar was the strongest on...