Sterling Mildly Higher, But Upside Capped by Conflicting Brexit Messages
The forex markets are relatively mixed today. Sterling is generally higher but it’s capped by conflicting messages regarding Brexit trade negotiations. Canadian Dollar is currently second strongest, with help from mild strength in oil price. On the other hand, New...
Aussie Tumbles Mildly on Trade Tension, Markets Mixed Elsewhere
Australian Dollar weakest broadly today after China intensified the trade tensions with banning Australia’s coal imports. Markets are relatively mixed elsewhere, with some softness in both Yen and Swiss Franc. The Pound’s rebound is fading as for now, there is...
Dollar Breaking Down as Stocks Surge on Vaccines, Sterling Jumps on Brexit Optimism
The global markets are quickly back in risk-on mode today. DOW future is back above 30k handle, as coronavirus vaccine rollout began. There seems to be some progress in the US Congress for fresh fiscal stimulus too. Dollar is under...
Sterling Gaps Up as Brexit Talks Go an Extra Mile, But Upside Capped
Sterling opens broadly higher as Brexit trade negotiation is extending through the Sunday deadline. The Pound is taking Euro and Swiss Franc slightly higher today. Nevertheless, it should be noted that no important resistance level is broken by Sterling. Traders...
Sterling in Free Fall as No-Deal Brexit Could Become Reality… Soon
Sterling was in free fall last week after both UK and EU admitted that a no-deal Brexit is more likely than not. Negotiation deadline was ended to end of Sunday. Euro and Dollar, followed as the next weakest and focus...
Sterling Accelerates Lower as No-Deal Brexit Looking Very, Very Likely
Sterling’s selloff accelerates further today after leaders from both EU and UK admitted that their negotiations positions are still part. No-deal Brexit is now seen as the most likely scenario, and we should know very soon by the end of...
Australian Dollar Accelerates Up with Iron Ore Prices, Euro Capped after Post ECB Rally
Accelerating rally in iron ore prices pushes Australian broadly higher today, on the back of steadily firm risk sentiment. The Aussie is currently the strongest one for the week, followed by New Zealand Dollar, while Canadian is not far away,...
Dollar Dives as Jobless Claims Surge, Euro Firm as ECB Delivers
Dollar falls broadly in early US session after much worse than expected jobless claims data, confirming the impact of the current wave of coronavirus pandemic. Yen is not far behind for now as second weakest. But Sterling is also facing...
Sterling Softens on Brexit Impasse, Euro Awaits ECB
Sterling softened again after the Brussels meeting ended with nothing more than comments that UK and EU are still far apart. Yet, traders are still holding their bets for now. Yen and Dollar also shrug off the deep pull back...
Sterling Rebounds ahead of Johnson’s Brussels Trip, Euro and Swiss Soften
Sterling rebounds strongly today on hope that the physical meeting between the leaders of UK and EU would yield some positive progress on post Brexit trade talks. Yet, traders are not too committed on the bullish side yet, after Prime...