Market Overviews

Fed Powell Brought Risk Aversion Back, Dollar Ready for More Upside

In terms of prompting market volatility, Fed Chair Jerome Powell didn’t disappoint. Stocks suffered steep selloff after his Jackson Speech. While Australian Dollar was still at top of the chart, ...

Dollar Dips as PCE Inflation Slowed, But Loss Limited So Far

Dollar dips in early US session following lower than expected PCE and core inflation data. But loss is so far limited as traders are holding their bets ahead of Fed ...

Dollar Mixed Awaiting Fed Powell, Europeans Staying Soft

The forex markets are generally steady in Asian session today, as traders are still holding their bets ahead of Fed Chair Jerome Powell’s Jackson Hole speech. US stocks staged a ...

Aussie Extends Rally, Europeans Weak, Dollar Consolidates

Dollar is staying soft in consolidation today, as traders are clearly still cautiously waiting for rate clues from Fed Chair Jerome Powell’s Jackson Hole speech tomorrow. Yen is also mixed ...

AUD/JPY Extends Rally, Dollar Turns Softer Again

Dollar turns softer in Asian session today, but stays in familiar range. Traders would likely remain cautious until Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium tomorrow. For ...

Dollar Higher in Consolidations, Subdued Pre-Jackson Hole Trading

Dollar is recovering some ground today but stays below yesterday’s high in general, consolidations continue. Overall trading in subdued with major pairs and crosses suck inside yesterday’s range. Kiwi and ...

Dollar Rally Halted, Yen Picking Up Momentum

Dollar’s rally was choked off by terrible PMI data, in particular services, overnight. But the greenback is trying to regain some footing in Asian session. It’s too early to say ...

Euro Selloff Continues after Poor PMIs

Euro’s selloff continues today after poor PMI data and stays as the worst performer for the week. Swiss Franc is also weak for now, together with Sterling. Dollar remains the ...

EUR/USD Playing with Parity, Risk-Off Intensifies

Risk off sentiment appears to be intensifying today. Selloff in particularly serious in German DAX, while FTSE and CAC are also down. US futures are also pointing to a lower ...

Dollar Rally Rejuvenated as Risk-on Sentiment Lost Steam, Yields Jumped

Dollar ended as the strongest one, closing notably higher against all other major currencies, as risk-on sentiment lost steam while treasury yields surged. The late momentum was rather impressive and ...

Dollar Continues Strong Rally, Swiss Franc Catching Up

Dollar rally continues today and it’s set to end the week on a high note. Risk aversion and rising benchmark yield are both helping the greenback. Swiss Franc is also ...

Dollar Buying Picks Up Momentum, Other Currencies Mixed

Dollar’s rally has finally made some progress overnight and the momentum continues in Asian session. Other currencies are mixed for now with no clear loser. For the week, Aussie and ...

Dollar Rally Not Making Progress as Dull Trading Continues

The markets are generally rather quiet today, with major pairs and crosses trading inside yesterday’s range, as well as last week’s range. For now, Dollar is the strongest ones, followed ...

Yen Extending Rally on Negative Sentiment

Negative sentiment started earlier in the day following weak economic data from China, and spread particular serious to some commodities like oil and copper. Aussie is currently leading New Zealand ...

Downside Breakouts in Euro and Sterling Crosses to Overshadow Dollar Volatility

Expectations on the size of next Fed rate hike shifted again last week, with stocks cheering lower than expected consumer inflation reading in the US. Dollar ended as the worst ...

Sterling Falls Broadly after GDP, Dollar Paring Losses

Sterling falls broadly today while smaller than expected GDP contraction didn’t ease recession worry. Euro is also weak following decline in Germany benchmark yield, but Yen was worse. Dollar, on ...

Dollar Recovering Mildly after Selloff, Aussie and Kiwi Strong

After yesterday’s selloff, Dollar is recovering slightly in Asian session today. But the greenback remains the worst performing one for the week. New Zealand and Australian Dollars are taking most ...

Dollar Recovering Mildly after Selloff, Aussie and Kiwi Strong

After yesterday’s selloff, Dollar is recovering slightly in Asian session today. But the greenback remains the worst performing one for the week. New Zealand and Australian Dollars are taking most ...

Swiss Franc Rises in Very Quiet Markets Euro and Sterling on the Soft Side

The forex markets are very quiet in Asian session today, and could remain so for the day with an ultra light economic calendar. Australian Dollar and Swiss Franc are currently ...

Markets in Risk-on Mood, Aussie Higher, Dollar Lower

The financial markets are trading with a risk-on mood today. Major European indexes are trading up while US futures also point to higher open. Commodity currencies are trading generally higher, ...