Market Overviews

EUR/USD Eying 1.2154 Key Support as Markets Seek ECB Draghi’s View on Q1 Slowdown

Dollar retreats mildly in Asian session today but remains the strongest one for the week. US 10 year yield finally took out 3% level overnight with some conviction. TNX hit ...

Dollar Surges as 10 Year Yield is Having Another Take on 3%

Dollar jumps again today as 10 year yield is having another attempt at 3% handle today. The greenback is trading above yesterday’s high against all major currencies except Sterling. And ...

Intermarket Movements to Drive Forex Trading with Light Calendar Today

Dollar traded mixed overnight as while 10 year yield breached 3% handle, there was no follow through selling in bonds that kept it above that level. On the other hand, ...

Dollar Turned into Consolidation, German Ifo Miss Gives Euro No Support

Dollar engages in consolidative trading today as markets digest recent sharp gains. Also, as pointed out before, 10 year yield should a sign of hesitation ahead of 3%, and it ...

Dollar Pares Gain as Yield Hesitated ahead of 3%, German Ifo Watched

Dollar pares back some gains in Asian session today after yesterday’s yield driven rally. 10 year yield hit as high as 2.990 during regular trading hour before closing at 2.973, ...

Dollar Marches on as 10 Year Yield Presses 3%

Dollar’s broad based rally extends today with the support of surging US treasury yield. 10 year yield hit as high as 2.99% in premarket, and is flirting with 3% level ...

Quiet Start to a Week of Guaranteed Volatility, on Yields, Central Banks, Data and Politics

The financial markets are pretty quiet as another week starts. Despite positive news regarding Korean peninsula, major Asian indices are trading slightly lower. At the time of writing, Nikkei is ...

Dollar Dominated the Markets as Treasury Yields Could be Reversal Multi-Decade Down Trend

Dollar ended broadly higher last week as boosted by surge in treasury yields. 10 year yield finally completed its consolidation that started back in February, and rose through 2.943 high ...

Australian Dollar Shrugs off Job Data Miss, Sterling Looks into Retail Sales

Commodity currencies are trading broadly higher today as led by Australian Dollar. Strong rebound in the Chinese stock markets is seen as factor helping the Aussie, as SSE is gaining ...

Sterling Lost Ground and CPI Trend Raises Doubt on BoE May Hike

Sterling is the biggest loser today after CPI missed market expectations. Most importantly, it’s the steep trend of slow down in inflation, from 3% in January to 2.5% in March ...

UK CPI and BoC to Guide the Markets as Sentiments Improved

Markets sentiments turned positive as there were now continuous flow of bad news. All three of DOW, S&P 500 and NASDAQ closed higher overnight, with NASDAQ scoring the best performance ...

Sterling and Euro Reverse Gains after Disappointing Data, Dollar Rebounds Broadly

Sterling and Euro strengthened earlier today but both reversed earlier gains after disappointing economic data. On the other hand, Dollar is trying to make a come back as buying accelerates ...

Sterling Firm as Markets Look into UK Unemployment Rate and Wage Growth, Aussie Lower after RBA Minutes

Sterling retreats mildly in Asian session today, against Dollar, Euro and Yen. But it remains the strongest one for the week. The breach of 1.4345 resistance in GBP/USD overnight signals ...

Dollar Weak after Mixed Data, Sterling Shines

Dollar remains general weak in early US session after mixed economic data, in particular against European majors. The greenback does try to rebound against Australian Dollar and Canadian Dollar. But ...

Yen Making a Come Back in an Important Week for BoE and BoC

Yen is making a come back in Asian session today. The reaction to the Syria strike was muted. But risk aversion comes back with selloff in Chinese and Hong Kong ...

Yen and Franc Ended as the Weakest Ones as Risk Aversion Temporarily Eased, Reaction to Syria Strikes Watched

Easing risk aversion was the main theme last week as Japanese Yen and Swiss Franc ended as the weakest two. It’s not the kind that investors were in euphoria. But ...

Yen Selling Intensified, Dollar Supported by Hawkish Fed Rosengren

Yen continues to be the weakest one today as selloff intensifies in European session. Relieves from immediate risks are still as the major reason driving the Japanese currency down. Australian ...

Australian Dollar Higher after China Data, EUR/AUD in Focus

Australian dollar strengthens broadly in Asia session as lifted mildly by China’s trade data. The Aussie is also among the strongest ones for the week, together with Canadian Dollar and ...

Euro to Look into ECB Minutes for Guidance, Markets Steady in Asia

The Asian markets are relatively steady today as for now, there is no escalation in the situation in Syria. At the time of writing Nikkei is trading down -0.26% only ...

Risk Aversion Comes Back on Syria Tension, Dollar Gets No Help from CPI

Risk aversion comes back to the markets today. Syria tension comes into spotlight and US-China trade war leaves the stage temporarily. DAX turned south at initial trading and never looked ...