Market Overviews

Risk Aversion Intensifying, Yen and Swiss Franc Rally

Risk aversion dominates the global markets today and is intensifying. Major European indices are trading broadly lower with sign of downside acceleration. US futures also point to lower open, with ...
Read More

RBA Minutes Upbeat, But Australian Dollar Weakens on Risk Aversion

Australian Dollar is under broad based selling pressure today. RBA minutes reiterated the non-urgency for any rate move. IMF report pointed out risks are tilted to the downside in Australia ...
Read More

Swiss Franc Surges While Commodity Currencies Weaken

Swiss Franc is clearly the strongest one for today but the underlying reason is not apparent. There is no clear problem in emerging markets. Meanwhile, Euro is indeed following Swiss ...
Read More

Sterling Stabilizes as PM May Survived the Weekend, Dollar Recovers But Stays Soft

The forex markets are generally trading in tight range as the week starts. Yen, Dollar and Sterling are generally firmer. Australian Dollar and New Zealand Dollar are the weaker ones, ...
Read More

Brexit, Italy and Trade War as Focuses in Holiday Shortened Week

Sterling was overwhelming the weakest one last week on Brexit political drama in the UK. It’s now even uncertain for how long Prime Minister Theresa would stay in position, not ...
Read More

Yen Gathers Stream For Rebound ahead of Close, Sterling Pares Losses

Yen and Sterling are the two strongest ones today, but what they’re doing are very different. Yen is extending this week’s rebound. But Sterling is paring back Brexit triggered losses ...
Read More

Sterling Takes a Breather after PM May Pledged to Hold On, How Long Could It/Her Last?

Sterling recovers mildly today but remains the weakest one on political turmoil in the UK. There is no clear sign of a come back in the Pound and it remains ...
Read More

UK in Political Turmoil as No Confidence Vote Waiting on the Line, Pound Tumbles Broadly

Sterling is sold off broadly today as Brexit optimism quickly turned into political turmoil. UK Prime Minister Theresa May appeared to have secured Cabinet support on her Brexit agreement with ...
Read More

Sterling & Euro Firm on Brexit Progress, But Australian Dollar Steals the Show with Job Data

Both Sterling and Euro trade firmer after UK Prime Minister Theresa May got Cabinet support for her Brexit deal. But no significant technical development is seen with these two currencies ...
Read More

Sterling Turned Cautious as Markets Await May’s Brexit Cabinet Meeting

Sterling turned cautious as markets are now awaiting the result of UK Prime Minister Theresa May’s Cabinet meeting on Brexit. The withdrawal agreement text should have been agreed with the ...
Read More

Sterling Firm, But Uncommitted, as Markets Await UK Cabinet Meeting on Brexit Agreement

Sterling is trading generally firm today as the EU and UK finally agreed on the withdrawal agreement. It will now have to go through Prime Minister Theresa May’s Cabinet today ...
Read More

Sterling Surges as Brexit Agreement, Including Irish Backstop, Will be Ready Soon

Sterling rebounds solidly today and there is new wave of buying coming in at early part of US session. Positive news regrading Brexit negotiation is the key driver of the ...
Read More
Loading...