Markets Returning to Risk-on Mode, Dollar Vulnerable to More Downside
Dollar and Yen are back under some selling pressure today, as markets seem to be returning to risk-on mode. NASDAQ hit another record high overnight, and Asian markets are generally trading in black. The greenback’s weakness is also seen as...
Dollar and Yen Turn Softer as Markets Stuck in Range Trading
Trading in the forex markets is rather subdued today. Major pairs and crosses are staying inside yesterday’s range for now. Dollar and Yen turn softer. Sterling is in a weak recovery, but lacks follow through buying. It’s too hard for...
Sterling Pares Losses as Johnson Decides to Travel to Brussels on Brexit Talks
Sterling pares back some of its losses as traders refused to add to bet on no-deal Brexit for now. Though, the Pound remains generally weak in Asian session today. Markets are relatively quiet elsewhere with stocks trading in mixed mode....
Sterling Falls Sharply on Brexit Deadlock, Swiss Franc Surges
Sterling is heavily sold off today as risk of no-deal Brexit is increasing with no major breakthrough in the never-ending negotiations. It’s even unsure if talks will be concluded today, or continues till Wednesday. An European Commission spokesman even refused...
Sterling Softens as Brexit Talks Drag On, Yen and Swiss Mildly Higher
The forex markets are quiet in a typical Asian session on Monday. Yen and Swiss Franc are trading slightly higher as Asian stocks pull back from recent rally. While exports number from China look strong, imports growth clearly lagged behind....
Dollar Index Might Find Temporary Support at 90 after Down Trend Resumption
Selloff in the Dollar was the main theme in the currency markets last week. With the arrival of coronavirus vaccines, the global economy looks set to return to normal next year, despite some cautious comments from central bankers. Yen might...
Canadian Dollar Boosted Further by Job Data, Greenback Shrugs NFP
Canadian Dollar is given another boost in early US session after stronger than expected job data. In the background, the Loonie has already risen following higher oil prices. Dollar, on the other hand, has little reaction to much worse than...
Canadian Dollar Follows Oil Higher, Dollar Looks Forward to NFP
Canadian Dollar is trading generally higher in Asian session, with support from upside break out in oil prices. But Aussie and Kiwi are soft. Dollar is taking a breather in Asian session after yesterday’s selloff, as focus turns to non-farm...
Dollar Selloff Accelerates Despite Jobless Claims, Gold Eyes 1850 Resistance
Dollar’s selloff accelerates today and better than expected jobless claim data provide no support. European majors are generally firm, with Sterling leading the way this time. But the rally in the Pound is unconvincing so far, with uncertainties over Brexit...
Yen Down on Surging US Yields, Europeans Stay Strong
Yen trades generally lower today as pressured by surging US treasury yields and mild risk-on sentiments. Dollar and commodity currencies are not too far behind. European majors continue to be strong as led by Euro and Swiss Franc. Sterling is...