Stocks Surge on US Elections, Dollar and Yen Weak But No Follow Through Selling Yet
Movements in the forex markets in reaction to the US elections were relatively indecisive, comparing to the strong risk-on moves in the stocks. There is no clear follow through selling in Dollar and Yen so far, while commodity currencies are...
Yen and Franc Rise as US Election Has No Clear Winner Yet
Volatility continues today as US Presidential election vote counts are released. The final results are unknown at this point, narrowed down the results of just a few states. At the time of writing, Yen is the stronger one, followed by...
Roller-Coaster Ride Started Even Before US Election Results
Much volatility was seen in the financial markets in the past 24-hours, as traders were pre-trading US elections results. At the time of writing, the race between Donald Trump and Joe Biden is very tight, totally different from the picture...
Dollar Broadly Sold Off as Markets in Full Risk-On Mode
Global stocks surge sharply as investors seem to be very optimistic on the result out of US elections. Major European indices are currently up around 2% while DOW future is up 400 pts. Dollar is sold off sharply, together with...
Australian Dollar Weakens after RBA Rate Cut, Canadian Rebounds with Oil Price
Asian Markets rebound notably today, following the strong close in US overnight. Canadian Dollar staged a U-turn, following the path of oil price. Australian Dollar is trading generally lower today following RBA’s easing announcement. Yet, downside is relatively limited, expect...
Euro and Dollar Turn Mixed as Global Stocks Rebound
Commodity currencies are taking control into US session with help from rebound in European indices. DOW future is also currently up around 450 pts. Canadian Dollar came out of the shadow of steep decline in oil prices, leading Aussie and...
Dollar Firm into a Week of Election, Fed and NFP
Dollar and Yen strengthen in general in Asian session today even though risk sentiments are not bad, as seen in rally in major indices. Solid data from China was enough to offset the pessimism over lockdowns in Europe, and the...
Key Levels to Watch as US Presidential Election Looms
Global equities tumbled notably last week, partly as coronavirus spread was hitting new record highs. Also of the same importance, US investor had lightened up their positions in preparation for the Presidential elections. Yen and Dollar surged broadly to end...
Traders Calm ahead of Pre-Election Weekend, Dollar Pares Gains
Investors are rather calm just ahead of the pre-election weekend. European indices quickly pare back initial losses, while DOW future is down not as much before open. Dollar is also giving up some of this week’s gains, despite pretty solid...
Dollar and Yen Firm in Tight Range, Busy Day Ahead
Forex markets are staying in relatively tight range on mixed market sentiments. Asian indices turn lower despite a weak recovery in US markets overnight. For the week, Yen and Dollar are still the strongest ones. Euro is the weakest one...