Market Overviews

Pound Softer after May’s Resignation, Loss Limited Though

News from the UK catch most headline today as, finally, Prime Minister Theresa May announced to resign. Pound’s reaction is generally softer but selloff is so far limited. Sterling has ...
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Dollar Rally Faltered on Free Fall in Treasury Yields, Trade War Drags Sentiments

Dollar’s rally attempt faltered overnight as dragged down by steep decline in treasury yields. Dollar index did hit new high at 98.37 but closed sharply lower at 97.85. 10-year yield ...
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Risk Off on Trade War Escalations and Eurozone Slowdown, EUR/USD to Break 1.1111 soon

Global markets are back is heavy risk-off mode today as US-China tensions keep on escalating. Words from both sides suggest that neither one is going to back down from the ...
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Trade Concerns Drag Down Asian Markets Again, Yen and Franc Lifted

Swiss Franc and Yen firm up again in Asian session as markets are gradually convinced that a full-blown US-China trade war is underway. Tensions between the two countries have clearly ...
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Canadian Dollar Jumps on Retail Sales, Sterling Lower on Brexit, FOMC Minutes Next

US stocks open slightly lower today while major European indices are trading in red. But it’s too early to say if risk aversion in back. US-China trade war is the ...
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Markets Mixed as Brexit and Trade War Remain Unresolved

Direction isn’t very clear in the financial markets today as they’re generally in consolidative mode. Sterling was lifted briefly overnight by UK Prime Minister Theresa May’s new Brexit plan. But ...
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Yen Lower as Investors Relieved by Suspension of Huawei Ban, Sterling Higher on Short Covering

Risk aversion eased mildly today as markets respond positive to US decision to delay the sanctions of Huawei for 90 days. After some initial hesitation, Yen sell-off is picking up ...
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Australian Dollar Tumbles as RBA Hints on Rate Cut; Huawei Sanctions Temporarily Eased

Australian Dollar continues to be the spotlight of the week. It’s knocked down by RBA Governor’s comment that they’s going to consider cutting interest rates in June meeting. It’s actually ...
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US-China Trade War Intensifies with Huawei Isolation, Currency Markets Shrug Risk Aversion

US-China trade war remains a dominant theme in the global financial markets today. Words from both sides continued to indicate hard line stances. It doesn’t quite matter how much close ...
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CHF, USD & JPY Surged on Deals, Sterling Plummeted

Deal, deal, deals. They’re the main themes in the markets last week. The cross-party Brexit talks in UK collapsed and a high profile Brexiteer is tipped to lead the Brexit ...
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Sterling Pressured as Cross-Party Brexit Talks Collapsed, Sentiments also Weighed Down by Trade Worries

Sterling suffers heavy selling today as after Brexit negotiations between the UK government and opposition Labour formally collapsed. More uncertainties lie ahead as Prime Minister Theresa May will lay our ...
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Yen Mildly Higher as China Said to be Unkeen to Resume Trade Talks with US

Asian markets once again decouple from the US. While US stocks staged a strong rebound overnight, Asian indices are generally mixed. Weakness is indeed seen in China’s Shanghai SSE while ...
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