Sterling Volatility Continues, Dollar Rebound Falters
Sterling’s exceptional volatility continued as traders turned a bit more optimistic on a Brexit trade deal. But upside remains capped, as nothing is done until everything is done. Markets are also mixed elsewhere, with the positive impact of US fiscal...
Renewed Coronavirus Worries Prompt Risk Aversions, Dollar Rebounds
European markets open the week in heavy selloff on worries over a new strain of coronavirus discovered in the UK, which was seen as “out of control” by the Health minister. At the time of writing, DOW future is also...
Sterling Dives Again on Brexit Deadlock and Coronavirus Spread
Sterling opened the week broadly lower after Brexit trade negotiations missed yet another deadline. Additionally, European countries rushed to ban travel from UK as coronavirus infections worsened. Aussie and Kiwi are trailing as the next weakest on mild risk aversion....
Dollar Resumed Down Trend, Pound Still Awaiting Brexit Trade Talks
Dollar’s broad based down trend resumption was a major theme last week. Though, Canadian Dollar was the worst performing one, as it digested recent oil price supported rally. Overall risk appetite, with NASDAQ extending record run, kept Yen and Swiss...
Dollar in Weak Recovery in Quiet Pre-holiday Trading
Trading in the financial markets are rather subdued today, pretty much in pre-holiday mood. Dollar is still in recovery mode but upside momentum has been very weak. The greenback is set to end as the worst performing one, followed by...
Dollar Paring Losses While Yen Crosses Turning Up
Dollar recovers broadly today as markets turn into consolidative mode. The greenback pars back some of f the previous selloffs. but remains the worst performing one for the week. Canadian Dollar and Swiss Franc follow as the next weakest. On...
Dollar’s Selloff Intensifies after Poor Initial Jobless Claims
Dollar’s selloff intensifies further today, after worse than expected job data. Also, markets are generally on risk-on mode, as traders are optimistic that stimulus deal could be reached in the Congress soon. Swiss France is currently the next weakest, having...
Dollar Extends Fall after FOMC, BoE and SNB Next
Dollar’s decline continues in Asian session today, with mild risk-on markets in the background. FOMC rate decision overnight triggered little reactions in the markets, and the greenback holds on to the near term trajectory. Sterling is currently the strongest one,...
Euro and Pound Surge on Brexit Progress and Outlook, Dollar Tumbles Broadly
Sterling and Euro rise broadly today and maintain gains in early US session. Progress in Brexit trade negotiations and stronger than expected PMIs lift both currencies as well as their respective stock markets. Canadian Dollar is currently the worst performing...
Dollar Selloff Returning ahead of FOMC, No Clear Direction Elsewhere
Dollar trade with a generally soft tone today, with strong risk-on markets in the background. But overall, most major pairs and crosses are bounded inside last week’s range. The economic calendar is extremely busy for the rest for the week....