Market Overviews

Euro Survives Downbeat ECB and Weak PMIs, Safe for Now

Euro has been under broad based pressure today after PMIs suggest more weakness in the economy ahead. The common currency then spikes further lower ECB President Mario Draghi sounds rather ...

Euro’s Recovery Might be Cut Short by Weak PMIs and Cautious ECB

European majors are trading generally higher today as Eurozone will take the center of stage. There are worries of deeper and longer than expected slowdown in the Eurozone economy. PMIs ...

Sterling Shines as Campaign to Block No-Deal Brexit Gains Momentum

Sterling is the star performer today as campaign to block no-deal Brexit in the UK gathers momentum. Some upside acceleration is seen after the Pound takes out near term resistance ...

Yen Lower after BoJ Downgrades Inflation Forecasts, Sterling Pressing Near Term Resistance

Risk sentiments stabilized in Asia today despite the selloff in US overnight. But so far, momentum for rebound in stocks is very weak. Major indices are stuck in right range ...

Yen Strengthens With Markets in Mild Risk Aversion, Australian Dollar Tumbles

Mild risk aversion is the main theme in the financial markets today. Selloff started in Asia, in particular in China, and spread to European session. Japan 10-year JGB yield also ...

Sterling Soft on Brexit Stalemate, Yen and Dollar Higher

Sterling is trading lower in Asian session today as UK Prime Minister Theresa May’s uninspiring statement did nothing to break the stalemate. But, commodity currencies are equally weak, if not ...

Dollar Attempting to Rise in Mixed Holiday Markets, Near Term Resistance Still Holds

The forex markets are rather mixed and quiet today. Trading has also become a bit subdued as US is on Martin Luther King day holiday. But UK Prime Minister Theresa ...

Chinese Data Show Stabilization Sign, UK May’s Brexit Plan B Awaited

The financial markets are rather quiet today. Asian stocks trade higher despite data showing China’s growth in 2018 slowed to lowest since 1990. But December data painted a picture of ...

Trade Optimism Lifted Stocks, Yields and Dollar

Brexit and US-China trade negotiation were the two major themes last week. After a week of drama, it’s still unclear exactly what kind of Brexit deal would get through the ...

Canadian Dollar Jumps on CPI and Oil, Sterling Pares Gain after Weak Retail Sales

Canadian Dollar strengthens mildly in early US session and is trading as the strongest one for today so far. Recovery in oil price has been supporting the Loonie through the ...

Sterling Extends Rally, Yen Lower on Risk Appetite, Dollar Follows Yields Higher

Yen trades generally lower in rather quiet markets today. Risk appetite strengthens mildly despite extended record run in US government shutdown. There were rumors that US is considering to roll ...

Sterling Enjoying Renewed Buying, But Traders Remain Cautious

Renewed buying emerges in early US session for Sterling and it’s trading as the strongest for today so far. But for now, the Pound’s strength is relatively limited against Yen ...

Sterling Stays Firm after May Won Confidence Vote, Euro and Swiss Franc Turning Softer

Sterling is staying as the strongest one for the week after UK Prime Minister Theresa May narrowed survived the confidence vote in Commons. Though, there is no follow through buying ...

Sterling Firm in Tight Range as Focus Turns to PM May’s No-Confidence Vote

The forex markets are rather quiet today. Sterling, US Dollar and Canadian Dollar are the stronger ones The Pound is supported by increasing chance of a delay in Brexit, or ...

Sterling Steady after May’s Humiliating Brexit Defeat, Euro Weakens on Slowdown Worries

The historic defeat of UK Prime Minister Theresa May over the Brexit deal triggered some volatility in the Pound. But no clear direction is seen in Sterling after all the ...

Euro Weighed Down by Germany Slowdown Worries, Sterling Pares Gain ahead of Brexit Vote

European majors are trading notably lower today. Euro is weighed down by concerns over slowdown in Germany, which might already had a technical recession in Q3 and Q4 already. Sterling ...

Pound Strong ahead of Brexit Vote, Yen Soft as China Pledges Strong Start

Risk appetite stages a come back in Asian session today as China pledged to “strive for a good start” in 2019. With Asian markets having broad based gains, New Zealand ...

Brexit and China Dominates Headlines, Yen Stays Strong

Brexit and China are the two main themes in the markets today. For now Yen is the strongest one so far followed by Swiss Franc. Risk aversion is triggered by ...

Yen Broadly Higher on Risk Aversion after Ugly Chinese Trade Data

Yen strengthens broadly today as Asian stocks are weighed down by rather terrible Chinese trade balance data. Trade war with the US is hurting both exports and imports. But judging ...

Brexit to Take the Spotlight from Fed, Trade War and US Government Shutdown

Risk sentiments continued to recover last week as Fed officials indicated they would be patient before making the next rate move. Positive developments of US-China trade talks also helped. One ...