Market Overviews

Yen Recovering, Aussie Follows Commodities Lower

While the stock markets are steady, Aussie, Kiwi, and to a lesser extend Loonie, are trading generally lower. Decline in commodity and energy prices, on concerns over recession, appear to ...

Yen Selloff is Back as USD/JPY Resumes Up Trend

Yen’s selloff accelerates today as US stocks are set to stage a rebound after the long weekend. For now, Euro is the strongest one with help from rebound against Sterling ...

Markets Tread Water With US on Holiday, Dollar and Yen Soft

Markets are generally quiet today, with a near empty European calendar and US holiday. Major European indexes are recovering slightly but lack follow through buying. Gold and oil are staying ...

Markets Reacted Negatively to Rate Hikes, Franc and Dollar Shone

Net reactions of the global markets to Fed’s 75bps rate hike were rather negative. Global stocks ended generally lower after initial recovery. Additionally, SNB delivered a surprised 50bps rate hike ...

Swiss Franc to End the Week as Strongest, Dollar Staying Second

Swiss Franc remains the strongest one for the week and stays firm into US session. Dollar is also regaining some ground, as the second best. On the other than, commodity ...

Stagflation Worries Pushed Dollar and Yield Higher, Stocks Lower

Worries of stagflation intensified a whole lot last week. In particular, even the habitually cautious ECB pre-committed to rate hikes in July and September, while delivering new economic forecasts with ...

Dollar Surges as CPI Reaccelerates on Energy and Food Prices

Dollar rises strongly in early US session after CPI data. Headline inflation reaccelerated with strong rise in energy and food prices From this perspective, there is little scope for Fed ...

Risk Sentiment Turns Sour ahead of US CPI

Euro’s post ECB rally was very short-lived, while market turned into risk-off mode later in US session. Negative sentiment continues in Asia today as US consumer inflation data is awaited ...

Euro Rises ahead of Tomorrow’s ECB, Yen Selloff Continues

The main focus remains on Yen’s selloff today, on the back of widening yield spread between Japan JGB and other major benchmark treasuries. Meanwhile, Euro appears to be strengthening in ...

Dollar and Euro Mixed, Yen and Swiss Franc Staying Pressured

Weakness in Yen and Swiss Franc are both staying under selling pressure today, and there is not clear sign of bottoming yet. Sterling is currently the stronger one for the ...

Dollar Rises on Strong NFP, Yen Selling Persists

Dollar jumps broadly in early US session after stronger than expected headline non-farm payroll numbers. For now, the greenback is still behind Canadian and Australian Dollar in the weekly race, ...

Dollar Dips Mildly after Poor ADP Job Data

Dollar weakens mildly further after worse than expected ADP job data. But selloff is limited as traders are probably cautious ahead of tomorrow’s non-farm payrolls. But overall, Yen remains the ...

Yen Accelerating Down, Aussie Rising With Loonie

Australian Dollar is leading commodity currencies higher again, on the back of positive market sentiment. The Aussie is additionally support by better than expected GDP data, which affirms the case ...

Euro Dips Despite Record Inflation, Dollar Recovering

Euro is trading broadly lower today even though inflation high another record high. The common currency and European indexes are somewhat weighed down by EU’s decision to ban two-thirds of ...

Risk-on Sentiment Back, Dollar Decline Continues

Markets are generally in risk-on mode in Asian session today, with rallies in major indexes, oil prices and cryptos. Dollar is extending recent correction and would likely continue further. Yen ...

Dollar Extended Correction as Stocks Rebound Finally Started

Dollar’s correction continued last week and ended as the worst performer. Late rebound in stocks and extended correction in treasury yields are both weighing on the greenback. Yen followed as ...

Dollar and Yen Recovering Slightly in Indecisive Markets

The moves in the financial markets are so far rather indecisive. While US stocks rebounded overnight, Asian indexes turned softer. Dollar and Yen are recovering slightly after yesterday’s selloff. Commodity ...

Swiss Franc Won the Week, But Aussie Could Jump on Turnaround Sentiment

It was another roller-coaster week. Swiss Franc ended as the strongest one after SNB Chairman Thomas Jordan surprisingly said it’s ready to act if inflation solidified. But it should reminded ...

Swiss Franc Staying as Winner, Yen Catching Up

Risk aversion is once again a clear main theme of the day, with European indexes in deep red while US futures point to extended selloff. Safe-haven flows are also pushing ...

Swiss Franc Jumps on Risk Aversion, Dollar and Yen Lag Behind

Markets are back in risk-off mode as down dropped more than -1100 pts overnight. Dollar and Yen tried to rebound but there was no follow through buying. Indeed, both remain ...