Euro Overtakes Dollar Investor Sentiment Stabilized, Near Term Support Defended
Overall, the financial markets are mixed as investor sentiment stabilized. European indices are already reversing initial losses while US futures point to higher open. Commodity currencies are staying generally weak. But buying focus is turning away from Dollar and Yen,...
Dollar Jumps on Sentiments U-Turn, But Upside Still Capped
The sharp turn in risk sentiments overnight pushed “safe-haven” currencies generally higher. Among them, Dollar is currently outperforming both Swiss Franc and Yen. On the other hand, Australian Dollar is leading other commodity currencies lower. Euro and Sterling are mixed,...
Germany Slashes Growth Forecast, UK Tightens Border, Risk Appetite Recedes
Dollar, Yen and Swiss Franc strength again today, as dragged down by the decline in European stocks. DOW future is also losing -300pts at the time of writing. Sentiments are slightly weighed down by UK’s plan to impose tougher border...
Dollar Mixed Awaiting FOMC, Sterling Attempting Upside Breakout
Markets are generally staying in consolidative mode for now, except that Sterling appears to be the stronger one. There is no follow through selling in Dollar so far, as traders await some guidance from FOMC statement and press conference today....
Dollar Turns Soft as European Stocks Surge, Sterling and Commodity Currencies Jump
European stocks are trading generally higher today but no equivalent strength is see in the US pre-markets. Investors seemed to be lifted by news that EU, with backing from Germany, is going to introduce restrictions on COVID-19 vaccines over sudden...
Euro, Sterling and Swiss Interplay Eyed as Volatility in Stocks and Yields Shrugged
The forex markets are very quiet in Asian session today as consolidative trading continues. The sharp decline in US treasury yields overnight, and the pull back in Asian stocks, triggered little reaction in currencies. Dollar and Yen are the slightly...
Euro Lost Upside Momentum While Stocks Pull Back after German Ifo
As European stocks turned south after initial trading, US futures also also dragged down. Overall market sentiments turned mixed after a bright start in Asia. Dollar is recovering mildly but commodity currencies remain the strongest one so far, as led...
Asia Opens in Risk On Mode, New Zealand Dollar Outperforms
It’s the same old story as Asian markets open in risk-on mode. Commodity currencies strengthen broadly, but led by New Zealand Dollar this time. On the other hand, Swiss Franc, Yen and Dollar are the weaker ones, while Euro and...
Euro Reversed Initial Selloff after ECB, Turning the Corner?
Euro has surprisingly ended as the strongest one last week. While a rebound against Dollar was expected, the turnaround against commodity currency, in a risk-on week, was impressive. Though, as discussed below, the common currency still has a lot to...
Dollar Rebounds Broadly as Risk Appetite Recedes
Dollar rebounds broadly today following receding risk appetite. Investors are apparently paring their gains in stocks. Swiss Franc and Euro are the next strongest, followed by Yen. On the other hand, Australian Dollar and Sterling are the worst performing. In...