Market Overviews

Sterling Mildly Higher after Brexit Extension, Dollar Mixed after FOMC Minutes

Sterling is given a mild lift after EU grants UK Article 50 delay till October 31. Even though it’s still uncertain how Prime Minister Theresa May could get the Withdrawal ...

Euro Pressured after ECB, Yen Rises on Falling Treasury Yields

Euro weakens broadly after ECB kept monetary policies unchanged. While president Mario Draghi delivered not much new in the press conference, he did acknowledged that downside risks are materializing. Recovery ...

Yen Digests Gain as Trade War Threats Continue to Weigh on Sentiments, ECB to Stand Pat

The forex markets are relatively steady in Asian session today. For the week, Yen is so far the strongest, following mild risk aversion. Investors are concerned that the US is ...

Trump’s Threat of US-EU Trade War Sends Dollar, Yield and Stocks Lower

Dollar suffers new round of selling in early US session after Trump confirmed his intention to escalate trade war with the EU with his tweet. DOW opens sharply lower and ...

Dollar and Euro Pressured as Trump is Starting US-EU Trade War

Dollar and Euro are trading as the two weakest ones today as pressured by renewed threats of escalation in global trade war. While trade talks with China continue to drag ...

Euro Higher as Investor Confidence Improves, Yen also Recovers as Risk Markets Turned Mixed

Euro receives a wave of buying in European session, partly as lifted by improving investor confidence data. EUR/USD’s break of last week’s high is a positive development. Yet, the rally ...

Yen Mildly Higher While Dollar Softens. ECB, FOMC Minutes and US CPI the Focuses

Yen recovers notably in Asian session today but the recovery is not strong enough to warrant a sustainable rebound yet. Meanwhile, Australian and New Zealand Dollar are generally pressured while ...

Fundamentals Improved But Uncertainties Remain, Forex Markets Isolated From Optimism Elsewhere

After a strong Q1, risk appetite extended into the first week of Q2. The most notable improvements were seen in the bond markets, as German 10-year yield turned positive again ...

Dollar Higher as NFP Beat Expectations, But Upside Capped by Sluggish Wage Growth

Dollar is lifted mildly in early US session as employment data posted slight upside surprise. But buying in the greenback is not broad based yet. A key factoring limiting Dollar’ ...

Focus Turns to Non-Farm Payroll after Vague Progress in US-China Trade Talks

Yen is trading softer in otherwise quiet markets today with Hong Kong and China on Holiday. Yen is indeed also the weakest one for the week following rebound in global ...

Dollar Higher on Jobless Claims, Cautious ahead of Trump-Liu Meeting and NFP

Dollar rises broadly in early US session as partly helped by pleasant surprise in initial jobless claims, which fell to lowest since 1969. But gains are so far limited as ...

Markets Mixed as US-China Trade Talks Enter into Final Stage

Chinese stocks extend recent rally on news that US-China trade negotiation are completing its final stage. There could even be an announcement of Trump-Xi summit today and Trump meets Chinese ...

Poor US ADP and UK PMI Services Ignored, Risk Appetite Stays Strong

Risk appetite are generally firm globally today and it’s best reflected in Germany 10-year yield, which turns positive for the time in more than a week. It’s a rather clear ...

Trade Talk Optimism and Chinese Service Data Lift Sentiments, Yen Pressured

Yen is back under pressure again today as Asian stock markets extend this week’s rally. Stronger than expected Chinese services data is lifting sentiments. Meanwhile, there is somewhat some optimism ...

Dollar Trading Higher Despite Durable Miss, Sterling Soft in Established Range

Dollar trades generally higher today even though upside momentum is capped by weaker than expected durable goods report. Economic data released this week are so far mixed. But at least, ...

Australian Dollar Tumbles as RBA Signals It’s Ready to Move

Australian Dollar trading broadly lower today after RBA kept interest rate unchanged. While there was no clear dovish shift, the statement suggests that RBA is starting to get ready for ...

US Retail Sales Disappointment Raises Doubts on Optimism from Chinese Data

Global markets are generally in risk-on mode today as recession fears eased mildly after improvement in Chinese manufacturing data. While sentiments remain generally positive in early US session, there is ...

China Manufacturing PMIs Back in Expansion, Asian Stocks and Australian Dollar Lifted

Stock markets staged a strong rally in Asian session as lifted by better than expected manufacturing data from China. Both official and Caixin PMI manufactured climbed back into expansionary region, ...

Risk Aversion to Come Back in Q2 as Stocks and Yields Recouple

Intensifying recession fear was the main theme in the markets in March, alongside never-ending Brexit and trade tensions. With downside risks to growth starting to materialize, major global central banks ...

Canadian Dollar Surges on GDP Surprise and Oil Rally, Sterling Recovers ahead of Brexit Vote

Canadian Dollar jumps sharply in early US session after stronger than expected GDP data. At least, the three month-rolling average remained in expansion despite the contraction in December and November ...