Market Overviews

Dollar Broadly Pressured after FOMC, Sterling Strong ahead of BoE

Dollar stays broadly pressured today as post FOMC selloff extends. While Fed delivered the widely anticipated rate hike, it maintained the forecast of a total of three hikes in 2018 ...

USD and NZD Weak ahead of FOMC and RBNZ, Sterling lifted by Job Data

Sterling is staying in the spotlight today as the set of job and wage data boosts the chance of a May BoE hike. The central bank’s announce tomorrow is now ...

Dollar Turns Soft as Markets Await FOMC Hike, Sterling Looks into Job Data

Dollar trades broadly softer in Asian session today as yesterday’s rebound attempt lost steam. Traders are also turning more cautious ahead of FOMC rate decision. While Fed is widely expected ...

Euro Reverses as Germany Outlook Worsened Considerably, Sterling Pare Gains after CPI Miss

Euro and Sterling trade notably lower today as economic data missed expectation. Sterling remains relatively firm and stays as the strongest major currency for the week. The CPI miss was ...

UK CPI Could Trigger Sterling Bulls and BoE Hawks

Sterling remains the strongest one as markets is now preparing for inflation data from UK today. The progress in Brexit negotiation removed one key obstacle for BoE to hike again ...

Trade War a Major Theme in Busy Week of Central Banks, Data and Politics

The week open relatively quietly again with Swiss Franc leading the way down, followed by Aussie and Kiwi. Dollar strengthens broadly but it’s again out shone by Japanese Yen. Asian ...

CAD, AUD, NZD All Suffered as Trump Stepping on Protectionist Acceleration Pedal

Yen maintained solid strength throughout last week as it ended as the strongest one. Meanwhile, the fortunes of commodity currencies suddenly reversed towards the end. Canadian, Australian and New Zealand ...

Safe Haven Theme Dominates, Yen Strong, Commodity Currencies Weak

Safe haven flows remain the main theme in the forex markets today even though global equities are rather resilient. Yen and to a lesser extend Swiss Franc are trading generally ...

Dollar Mildly Higher after Solid Data but Upside Limited, Franc Shrugs off SNB

Dollar strengthens mildly in early US session after some solid economic data. But gain for the greenback is so far limited. While Dollar follow Yen as the second strongest major ...

Trade War Theme Dominates Markets, Dollar Stays Weak

Trade war continued to be the main theme in the financial markets. In particular, investors are getting increasing concerned with the reported USD 40b tariffs on Chinese goods by the ...

Dollar Tumbles as Trump Preparing for Full Blown Trade War with China

Global markets tumbled on concern that US President Donald Trump is finally starting the steps towards a full blown trade war with China. DOW ended down -0.68%, or -171.58 pts ...

Forex Markets Indecisive, US CPI Awaited

Movements in the forex markets are not too decisive for the moment. Sterling made a bull run yesterday but there was no follow through buying. GBP/JPY is staying below 1.3929 ...

Sterling Soars as UK Reported to be Close to Brexit Transition Deal

Sterling jumps broadly after Reuters reported that UK Junior Brexit Minister Robin Walker said it’s very close to transition deal with the EU. But so far, no detail is reported ...