Risk Aversion Comes Back on Tech Rout, No-Deal Brexit
Risk aversion is back in the markets today. On the one hand, US stocks are set to open sharply lower as they return from holiday. Tech rout is continuing with NASAQ futures down more than -3% at the time of...
Dollar Firm But No Breakthrough Yet, Except Versus Swiss Franc
Sterling remains generally weaker today, on Brexit concerns. But Swiss Franc is apparently worse for now, dropping through a near term support level against the greenback. On the other hand, Yen and Dollar stay firm in mixed Asian markets. Yen...
Pound Decline Accelerates on Brexit Risks, Yen and Dollar Firmer
Sterling’s decline gathers some momentum on resurfacing no-deal Brexit risk. The Pound is currently followed by New Zealand Dollar as the second weakest. Canadian Dollar is the third worst performing so far, follow oil price lower. On the other hand,...
Sterling Mildly Lower on Brexit, Dollar Eyes ECB For Next Move
Markets are rather quiet in Asian session today and trading could remain subdued ahead with US and Canada on holiday. Sterling is generally lower on Brexit news but losses are so far limited. Canadian Dollar is dragged down slightly by...
Dollar Down Trend, Stocks Up Trend Still Intact after Roller-Coaster Ride
Markets experienced a roller-coaster ride in the first week of September. S&P 500 and NASDAQ extended record runs and it looked like DOW was on the way for a catch-up. Then technology stocks led a steep selloff towards the end...
Dollar Rises after NFP, Gold Breaks Trend Line Support
Dollar rises against European majors an Yen as headline non-farm payrolls number came in not far from expectation. Encouragingly, unemployment rate dropped notably while participation rate also rose. Wage growth also some what picked up. DOW future also point to...
Dollar to End Week as Strongest, Subject to NFP Reactions
Asian markets are generally in red following the steep corrective selloff in the US overnight. The forex markets are relatively steady though, with Dollar and Yen trading with a firm tone. Australian and New Zealand Dollars are the weakest ones,...
Dollar Supported as Jobless Claims Dropped to 881k, Swiss Franc Rebounds
Dollar’s rebound continues in early US session as positive response to better than expected jobless claims data. For the moment, Swiss Franc is the second strongest, followed by Euro, and both surges against the weak Sterling. Commodity currencies follow as...
Dollar Firm as Rebound Continues, Yen Following
Dollar stays firm as recovery continues while Yen is following as the second strongest. While US stocks continued their record run overnight, Asian markets are generally in red outside of Japan. As for today, Euro is currently the worst performing,...
Dollar Extending Corrective Recovery, ADP Job Disappointment Ignored
Dollar remains generally firm into US session as corrective recovery continues. Much weaker than expected ADP job data is ignored by traders. US stocks are also set to open higher with S&P 500 and NASDAQ extending the record runs. Australian...