Sterling Softens ahead of BoE, Dollar Maintains Gains
Sterling softens notably today as focus turns to BoE rate decision, and more importantly the stance regarding negative interest rates. Euro and Swiss Franc remain generally weak too. New Zealand and Canadian Dollars are paring some gains as risk markets...
Euro Stays Weak Despite Better CPI, Dollar Shrugs Strong ADP Job Growth
Economic data released today are largely ignored so far. Euro’s weakness continues despite stronger than expected inflation reading. Swiss Franc and Sterling are also softening slightly. Dollar, on the other hand, struggles to extend gain after much stronger than expected...
Kiwi Rises on Job Data, Loonie Firm on Oil Price, Euro and Franc Weak
Canadian and New Zealand Dollar are both in the driving seats in the markets this week. Return of risk appetite is providing the base for rally. Meanwhile, Kiwi is lifted by stronger than expected job data while Loonie follows oil...
Euro Tumbles Through Support, Canadian Surges With Oil’s Upside Breakout
Canadian Dollar is currently trading as the strongest one for today, following the upside breakout in oil price. The resilient Sterling is following as second strongest, awaiting BoE to rule out negative interest rates later in the week. On the...
Australian Dollar Softens after RBA Expands QE, Euro Pressing Key Support Again
Australian Dollar softens mildly after RBA expands asset purchases by another AUD 100B. Also, it pledges to keep interest rate unchanged at current level until at least 2024. On the other hand, New Zealand Dollar and Canadian Dollar are the...
Swiss in Broad Based Selloff While Silver Steals the Show
Swiss Franc’s selloff is a major focus in the forex markets today, in particular, as it breaks through a key support level against Sterling. The development somewhat drags down the Euro too. The Pound and Dollar are currently the stronger...
Sterling Firm as Markets Await BoE, Asian Stocks Up
Asian markets open the week generally higher today, shrugging off the steep selloff in the US on Friday. Australian and New Zealand Dollar firm up mildly. But Sterling is so far the better one, as markets await BoE’s affirmation on...
Markets Down after Roller-Coaster Rides, Dollar Upside Still Capped
January ended with an exceptionally volatility week. While GME occupied a lot of headlines, there were other important developments like vaccines, US stimulus, and central bank expectations. Sterling ended as the strongest one with traders paring bets on negative interest...
Canadian Dollar Rebounds on Strong GDP Growth, Dollar Turns Soft Despite Risk-Off
Canadian Dollar rises broadly in early US session, with the help from better than expected GDP data. Euro is also firmer on German and French GDP data. While markets are back in risk-off mode, Yen, and to a lesser extent...
High Volatility Continues in Markets, USD/JPY Upside Breakout
Markets continues to engage very volatile trading, with US stocks and treasury yield staged strong rebounds overnight. Though, the moves are not totally followed by Mixed Asian markets. As for currencies, weakness in Australian and Canadian Dollars appear to be...