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Forex Markets in Range, Yawn Unambitious Chinese President Xi

The forex markets open the week rather quietly. Sterling and Dollar are generally firmer but are both kept below Friday’s high. The Pound did attempt to rise against Euro at ...

Trade War Overshadows Fundmentals in the US, Election to Join the Party

What is a bigger driver of volatility in the markets, politics or monetary policy? Judging only from last week’s development, politics got the nod, at least in the US. Investor ...

Dollar Trying to Recover as NFP Beat Expectations, Euro Strong as German-Italian Spread Narrows

After being pressured for most of the day, Dollar is trying to recover in early US session after better than expected job data. Though, momentum remains weak so far, and ...

Progress in US-China Trade Talks Boosts Sentiments and Australian Dollar, Non-Farm Payroll Watched

Asian stocks, as well as Australian and New Zealand Dollar, are shot up by optimism that US-China trade negotiation is having some nice progress. At the time of writing, Hong ...

Sterling Strong as Supported by More Confident BoE, Ignores Brexit Deal Dismissal and Weak Data

Sterling remains strong in general today, next to Australian and New Zealand Dollar. UK and EU officials came out dismissing the news regarding a Brexit financial services deal. But that ...

Sterling Rides on Brexit Optimism, Look into BoE Economic Projections

Sterling surged overnight on Brexit optimism and is boosted further in Asia with more Brexit-positive news. Though, for today, it’s overwhelmed by Australian and New Zealand Dollar on strong risk ...

Dollar Lifted by Strong ADP Employment, EUR/USD to Take on 1.13 Key Support

Dollar is trading broadly higher today. In particular, new buying emerges after stronger than expected ADP employment report. USD/CHF breaches 1.0067 key resistance. Meanwhile, EUR/USD is also closing in on ...

Dollar Regains Control as Stocks and Yield Rebound, Facing Key Levels Against Euro, Sterling and Franc

Dollar index jumped overnight and breached 96.98 key resistance, with the help from rebound in stocks and treasury yields. But strength of the greenback mainly centered against Sterling, Swiss Franc ...

Yen Extends Fall as Calm Markets Shrug US-China Trade War Threats

Yen trades broadly lower today as stock markets stabilized in both Asian and Europe. Meanwhile, Sterling, and Euro are following as the weakest. There is no sign of breakout of ...

Asian Markets Rebound as Trump Toned Down Trade War Threat, Dollar and Yen Soften

Early rebound in US stocks overnight initially supported Dollar. But the greenback couldn’t hold on to the gains as stocks suffered steep reversal. Fed’s rate hike was not the reason ...

Yen Broadly Lower as European Stocks Surge on Italy, Dollar Mixed after PCE

Improved risk sentiment is the main theme of today. Italian stocks lead other Europeans higher as investors responded well to S&P’s decision to keep Italy’s ratings unchanged, two notches above ...

Muted Reaction to S&P Rating Review on Italy, UK Hammond’s Budget Speech Awaited

Commodity currencies are trading mildly higher today as Asian markets turned mixed. Australian Dollar is the stronger one, followed by New Zealand. On the other hand, Swiss Franc is the ...

Investors Starting to Change Their Mind on Fed Hike Path after Global Stock Market Rout

Global stock market rout intensified last week with major indices ended in deep red. Over the week, Nikkei was the worst performing one and lost -5.98%. S&P 500 was the ...

Dollar Firm as Q3 GDP Beat Expectations, Yen Even Stronger as Risk Aversion Intensifies Again

Yen and Dollar are trading as the strongest ones today as risk aversion intensifies again in European session. Stronger than expected Q3 GDP growth in the US is giving Dollar ...

Australian Dollar Extends Down Trend, Yen Strong as Asian Stocks Ignore US Rebound

US equities staged a strong rebound overnight with DOW ended up more than 400 pts. But positive sentiment didn’t carry on in Asia as major indices are all in red ...

Euro Recovers Briefly on Confident ECB Draghi, But Strength Fades Quickly

Euro enjoys a brief recovery after ECB stands pat on monetary. ECB President Mario Draghi expressed his confidence on inflation outlook due to underlying strength of the economy. But together ...

Yen Rally Continues as Nikkei Suffers Worst Selloff in Asia, Euro Decline Halts ahead of ECB

Risk aversion is back as the main theme in the global financial markets. The crash in the US overnight has spreaded to Asia. At the time of writing, Japanese Nikkei ...

Euro Tumbles as PMI Readings Suggest ECB Easing Bias, Dollar Firm With Canadian and Australian

The theme of the markets have switched from risk aversion to selloff in European majors today. In particular, Euro leads other down after weak PMIs point to further slow down ...

ເງິນເຢນຫຼຸດລົງຍ້ອນຄວາມສ່ຽງຕໍ່ຄວາມສ່ຽງຫຼຸດລົງ, ເງິນໂດລາການາດາລໍຖ້າ BoC Hike

Despite initial steep selloff, US equities staged a strong rebound before close and closed just slightly lower. The turnaround in sentiments carried on in Asian session with major indices all ...

Yen Surges as Global Stock Rout Extends, Sterling Lifted by Brexit Rumor

Risk aversion is the main theme in the financial markets today and all major global stock indices are in deep red. DOW futures are also down more than -400 pts ...