Dollar Shrugs Jobless Claims, Yen Selloff Accelerates
Dollar continues to trade with a soft tone despite better than expected jobless claims data. The decline in claims data is seen more as a result of expiration USD 600 a week supplemental federal benefits, rather than the improvement in...
Euro Higher in Consolidative Markets, Yet to Break Resistance Against Dollar
European majors turn slightly stronger today, in mixed markets. Euro appears to be supported by news that US is refraining from tariffs hikes on Airbus subsidies retaliation. Though, except versus Yen, Euro’s strength is not too convincing yet. Dollar turns...
Yen Accelerates Lower on Rebound in Yields, Strength in US Stocks
Yen is trading as the worst performing today so far, as pressured by surge in US treasury yields. In particular, 10-year yield is above 0.68 handle in pre-markets and could even challenge 0.7% today. US futures also point to higher...
Dollar Rebounds on Gold and Yield, NZD Hammered by Double Whammy
New Zealand Dollar tumbles broadly today as weighed down by double-whammy of RBNZ QE expansion and return to lockdown. The selloff in Kiwi is somewhat dragging down Aussie and Canadian too. On the other hand, Dollar is staging a strong...
Gold in Steep Correction as Global Stocks in Strong Rally
The global financial markets continue to trade in full risk-on mode today. In particular, US futures point to sharply higher open as S&P 500 would likely take on new record high. Canadian Dollar is currently the strongest one for today,...
Markets Back in Risk-On Mode While Dollar, Yen and Franc Weaken
Asian markets surge broadly today, following the strong close in US stocks. DOW is finally catching up by a powerful break through June’s high while S&P 500 is closing in on record high. Investors welcomed the news of falling coronavirus...
Swiss Franc Weakens While Markets Tread Water
Markets continue to tread water today with little movements. European indices are fluctuating in tight range between gain and loss. US futures point to mildly higher open. In the currency markets, most major pairs and crosses are stuck in side...
Subdued Trading With Japan and Singapore on Holiday, Dollar Yet to Confirm Rebound
The week starts with a rather subdued tone without much activity. It’s National Day of Singapore while Japan is also on Mountain Day holiday. There is also no further price movements on US-China tensions. Major forex pairs and crosses are...
Dollar Trying For Rebound after Trump’s Combination Move Against CCP
Dollar was under pressure most of the week on risk-on sentiments. NASDAQ gapped higher and marched to new record highs. Nevertheless, the greenback staged a notable comeback after combination move by the US administration against the Chinese Communist Party, with...
Week Ahead – Sino-US Tech War Heats Up
Country US Further evidence could show that coronavirus is getting under control in the US. New cases and hospitalizations have been declining, however testing slowed down drastically in the east coast due to Hurricane Isaias. On Wednesday, inflation data is...