Dollar Firm after 10-yr Yield Breached 1.3, But Near Term Resistance Still Intact
The strong rally in US treasury yield overnight pushed Dollar notably higher. The greenback is indeed the second strongest one for the week, just next to Sterling. Canadian Dollar is following closely with support by resilience in oil prices. ON...
Dollar Strikes Back on Surging Yields, Gold Tumbles
Dollar is striking back today with some help from surging US yields. At the time of writing, 10-year yield is trading above 1.25 handle. Additionally, much stronger than expected manufacturing is support the greenback too. While European stocks are treading...
Euro Weak With Dollar in as Stock Surge Further, Looks into German ZEW
Overall developments in the markets are unchanged as strong risk-on sentiments continue. Yen is currently the worst performer by a mile. Dollar, Euro and Swiss Franc are following behind. Sterling continue to stay strong together with commodity currencies. A focus...
Sterling Surges as Johnson Promises Lockdown Exit Roadmap, Strong Risk-On Sentiment Continues
Strong risk-on sentiments continue today even though US and China are on holiday. Dollar and Yen are both suffering heavy selling pressure, more so the latter. Sterling is leading the way up as Prime Minister Boris Johnson promised to detail...
Yen Accelerates Downward as Strong GDP Lifts Nikkei Above 30k
Yen and Dollar are under selling pressure today on strong risk-on markets. Nikkei closed above 30k handle for the first time in 30 years, as lifted by stronger than expected GDP data. Swiss Franc is following closely as third weakest....
ollar Tumbled on Risk-On Sentiments Again, Ignored Yield Strength
Dollar ended as the worst performing one, reversing much of prior week’s rebound. Risk-on sentiments appeared to be leading the greenback lower again, and boosted Australian Dollar as the strongest one. But the development in other major currencies were less...
Sterling Supported by GDP, Bitcoin Hits Record
Sterling appears to be one of the stronger after data showed larger than expected GDP growth in December and Q4. But for now. Mean while Dollar and Euro are following as the next better performer. The greenback attempted for a...
Dollar Decline Slowed Again in Quiet Trading, UK in Focus
Dollar’s selloff slowed further in a very quiet Asian session, on lunar new year holiday. Activity might come back with a number of economic data featured from the UK. Upside surprises there could add to the upbeat outlook as painted...
Dollar Selling Resumes after Jobless Claims, Yen Crosses Rising
Dollar is back in selloff mode in early US session after slightly worse than expected jobless claims numbers. Though, at the time of writing, Yen underperforms mildly. On the other hand, buying focus is back on commodity currencies today. Australian...
Dollar Decline Slows But No Bottoming, Euro Softens
The forex markets are rather quite in Asia today, following subdued trading elsewhere. Dollar’s decline is slowing but it remains the worst performing major currency so far, followed by commodity currencies. Sterling and Yen are the stronger ones this week,...