Dollar Rebounds but Reversal Not Warranted Yet, Gold and Stocks Fall
Dollar staged a strong rebound overnight, reversing all of prior day’s losses. The uninspiring FOMC minutes were a lift in a way that it provided no dovish elements for further selloff. Yet, the greenback is kept well below near term...
Focus Turned to Swiss Franc Selloff While Dollar Stabilizes Mildly
Selling focus turns from Dollar to Swiss Franc today, which also drags down Sterling, and to a lesser extent Euro. Dollar stabilized a little bit but there is apparent strength for recovery yet. In particular, commodity currencies are generally stronger...
Dollar Stays Pressured ahead of FOMC Minutes, Gold Retreats
Dollar remains generally pressured today even though selling momentum seems to be easing a little bit. A focus will be on FOMC minutes which is unlikely to provide anything about the next policy move. Instead, investors would be more eager...
Dollar Breaks Near Term Support, Starting Another Leg in Down Trend
Dollar’s selloff accelerates entering into US session, taking out recent lows against all major currencies except Yen. Another leg in the near term down trend has started. Swiss Franc and Yen are the next weakest, together with New Zealand dollar....
Yen Rebound Continues While Dollar Looks Vulnerable
Yen’s rebound continues in relatively quiet trading in Asia. Risk aversion is not apparent as major indices outside of Japan are all in slight black. Instead, Yen traders could be reversing recent shorts as treasury yields pull back. Staying in...
Yen Rebounds as Treasury Yields Retreat, Dollar Stays Pressured in Range
Yen rises broadly today as global treasury yields appear to be turning south. In particular, US 10-year yield is back below 0.7 handle in pre-markets. Dollar is pressured but holds on to recently established range. But overall markets are mixed...
Euro Mildly Higher in Mixed Markets, Kiwi Down as Election Postponed
Euro strengthens mildly in generally mixed Asian markets today. There is no clear direction as Japan stocks diverge from others while gold and oil are rangebound. Canadian and Australian Dollar are following as the next strongest but movements are limited....
Yields Surged, Gold Corrected, But Dollar Got No Lift
It was a rather mixed week where there were conditions for a Dollar rebound, with surging treasury yield and correction in Gold. Yet, no apparent rally was seen. Yen was sold off generally, partly on coronavirus and recovery optimism. But...
Sterling Firms Up in Subdued Trading, Dollar Yawns Retail Sales
Trading in in the currency markets continue to be relatively subdued. Sterling is so far the strongest one for today. But it’s staying below near term resistance against Euro and Dollar so far. It’s also hovering below yesterday’s high against...
Sentiments Weighed Mildly by China Data, Gold and Yields to Watch
Markets are relatively steady in Asia today. Sentiment was somewhat weighed down by mixed data from China, but there is no apparently follow through selling. New Zealand Dollar continues to be pressured as the country extends coronavirus lockdown by 12...