Market Overviews

Yen Softer as Stocks & Yields Rebound, Pounds Awaits Another Brexit Vote

Yen is under some mild selling pressure today as China stocks lead Asian markets higher. While US 10-year yield failed to sustain above 2.4 handle overnight, it looks like recent ...

Dollar Higher as Treasury Yields Attempting Rebound, Sterling Stays Weak on Brexit

Dollar rises broadly in early US session with help from rebound in treasury yields. 10-year yield is now trying to regain 2.4 handle. Poor Q4 GDP is ignored while traders ...

Brexit Stalemate Continues, US-China Trade Talks Resume, Euro Vulnerable

The forex markets are relatively quiet as quarter end approaches. Sterling remains stuck in range as Brexit stalemate continues. The UK Parliament continued to tell the world what they don’t ...

Sterling Higher ahead of Brexit Indicative Votes, Yen Higher as Treasury Yields Extend Slump

Indicative votes on Brexit alternatives in the UK House of Commons will catch most attention ahead. Debate is due to start by 1500GMT. We’ll see what alternative Brexit path could ...

Selloff in New Zealand and Australian Dollar Dominates on Rate Cuts Bets

Selloff in New Zealand and Australian Dollar is the main theme in Asian session today. Kiwi plummets after RBNZ stands pat and indicates that the next move is a cut ...

Yen Lower as CAC Leads European Stocks Higher, Sterling Rises on Revived Brexit Hope

The forex markets are staying in consolidative mode today. Sterling rises notably as some Brexiteers are finally agreeing that Prime Minister Theresa May’s deal is better than no Brexit. At ...

Sterling Range Bound after Parliament Took Control on Brexit, Votes on Alternatives Next

The forex markets are relatively mixed this week, in particular Sterling. Pound is staying inside familiar range even though the Parliament finally seized control over Brexit from the government. Focus ...

Sentiments Stabilized after German Confidence Data, Brexit to Take Spotlight Again

Market sentiments generally stabilized today after initial selloff in Asia. While major European indices are still in red, losses are so far very limited. German 10-year bund yield even managed ...

Risk Aversion Continues With Focus on German Ifo and Brexit

Risk aversion dominates in the Asian markets today as recession fears spread. But the currency markets are steady though. Major pairs and crosses are bounded inside Friday’s range at the ...

Sentiments Turned Very Fragile as Recession Fears Intensified

After the much more dovish than expected Fed economic projections and shockingly poor Eurozone manufacturing data, it looks like major world economies are at the brink recessions. German 10-year bund ...

Euro Dives as German Data Prompts Recession Fear, 10-Year Bund Yield Turned Negative

Fears of global recession intensify after shockingly poor German manufacturing data. Major European indices are all trading in red while DOW is down more than 100 pts at initial trading ...

Sterling Paring Losses as Brexit Cliff Edge Delayed for Two Weeks

After some roller coaster rides, Sterling is trading broadly higher for today after EU approved a short Brexit extension for UK. But overall, the Pound remains the weakest one for ...

Dollar Recovering Post FOMC Loss, BoE and SNB Shrugged

Dollar is trying to recover some of the steep losses triggered by much more dovish than expected FOMC economic projections. The greenback is now trading mixed for the day, and ...

Dovish Fed, Recession Risks, Prolonged Trade War, Brexit Fatigue

Dollar tumbled sharply overnight as FOMC economic projected turned out to be much more dovish than expected. Selling continues today, in particular against the Japanese Yen, which is lifted broadly ...

Sterling Dives as Markets Disapprove May’s Short Brexit Extension, Dollar Mixed ahead of FOMC

Sterling suffers another round of selloff today as the markets clearly disapprove of UK Prime Minister Theresa May’s next step on Brexit. In short, she’s just seeking a short delay ...

Dollar Higher But Gain Limited by Risks of FOMC Dovishness

Dollar trade generally higher today as markets await FOMC rate decision. But gain is very limited as traders are guarding against unexpected dovishness in Fed. In particular, such dovishness could ...

German ZEW Lifts Stocks & Yield But Not Euro, Sterling Still Range Bound

The forex markets are having no clear direction for the moment. In particular, positive data from Europe were generally ignored by currencies even though yields and stocks are lifted. At ...

Sterling Confused by Brexit Chaos, Australian Dollar Lower on House Price

The financial markets are generally quiet in Asian session today, with stock indices stuck in tight range. Sterling turned mixed after knee-jerk reactions to new Brexit chaos overnight. The Pound ...

Sterling Softens as Traders Await Brexit Clarity, Aussie Lost Momentum after Initial Rally

Sterling is trading as the weakest one for today so far after suffering some selling in European session. No support is seen for the Pound even though high profile Brexiteer ...

Australian Dollar Surges as Asian Stocks Rally. Fed, SNB and BoE to Meet This Week

Strong rally in Chinese stocks is lifting Asian markets broadly higher today. Chinese president Xi Jinping is set to visit Italy, France and Monaco from March 21 to 26 this ...