Market Overviews

Dollar Maintains Gain as Focus Turns to CPI from UK, EZ and Canada

Dollar turns into consolidation in Asian session but it’s able to maintain most of this week’s gain. The greenback’s fate remains heavily dependent on whether Fed will cut interest rates ...
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Dollar Rebounds on Retail Sales, Sterling Shrugs Solid Job Data

Dollar rebound strongly in early US session, with support from strong retail sales data. Though, upside is somewhat capped by industrial production miss. Canadian Dollar is, instead, the strongest one ...
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Dollar Shrugs Solid Manufacturing Data, Sterling Leads Euro Lower

Commodity currencies remain the strongest ones for today with help from mild risk appetite. Dollar is trying to recover on stronger than expected manufacturing data, but no follow through buying ...
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Australian Dollar Higher on China Data, More Important Global Data Ahead

Markets are in mild risk seeking mode in Asian session, following record run in the US. China’s GDP data slowed to 27-year low in Q2, but strong June data offered ...
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Dollar Reversed, Stocks Made New Records on as Fed Cut Expectations Solidified

Dollar’s fortune reversed again last week as expectations of Fed July rate cut re-intensified. Such expectations also pushed US equities to new record highs. However, global equities lagged behind, with ...
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Euro Turns Soft, Ignoring Strong Industrial Production and Rebound in German Yield

While Dollar remains the worst performing one for the week, Euro is overtaking as the weakest one for today. Selloff in crosses, in particular in EUR/CHF, is dragging down the ...
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Dollar Stays Weak as Expectation on Fed Cut Solidifies

Dollar weakens generally again today as remains the worst performing one for the week, on expectation of July Fed cut. Fed Chair Jerome Powell also indicated that the decision could ...
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Dollar Selloff Halts after Core CPI Acceleration, Not Sign of Rebound Yet

Dollar remains the weakest one for today even though selloff somewhat stabilized in early US session. Stronger than expected core CPI is providing some support to the greenback, together with ...
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Fed Cut Expectation Hammers Dollar, Lifts Stocks, But Yen Also Jumps

Now, after Fed Chair Jerome Powell’s testimony, a July Fed cut is more like a done deal than not. Dollar tumbled broadly overnight and selloff continues today. Euro is the ...
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Dollar Drops as Powell Said Uncertainties Continue to Weigh on Outlook, Testimony Awaited

Dollar drops notably in response to Fed Chair Jerome Powell’s prepared remains for the two day Congressional testimony which starts today. The greenback is currently the weakest one for today, ...
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Dollar Stays Firm ahead of Fed Powell’s Testimony, UK GDP & BoC Watched Too

Dollar remains the strongest one for the week even though upside momentum is diminishing today. The single most important factor for Dollar’s next move is whether Fed would cut interest ...
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Dollar Stays Firm as Fed Powell Offers No Rate Clue Yet, Sterling Weak

Dollar, Swiss Franc and Yen remain the strongest ones for today. Risk aversion mode was turned on in European session and is carried forward to US session. Investors are turning ...
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