Market Overviews

No Follow Through in Risk Appetite after US Stocks Rebound

US equities staged a impressive rebound overnight and that’s actually the strongest since 2009. DOW closed up 4.98% or 1086.25 pts at 22878.45. S&P 500 rose 4.96% to 2467.70. NASDAQ ...

Subdued Holiday Trading Continues, Yen and Swiss Franc Pare Gains

The forex markets are generally rather quite today as most major countries remained on holiday. After another day of free fall on Monday, US stocks futures point to higher open ...

Yen and Swiss Franc Strong as US Stocks Extend Plunge, Trump Urges to Buy Dip

Yen and Swiss Franc are so far the strongest ones for this holiday week. But trading is rather subdued in Asia, as part of the region are still on holiday ...

Stock Markets Correcting 10-Year Up Trend But Fed’s Not to Blame

The global stock markets just turned from bad to worse last week. DOW suffered its worst week since the global financial crisis back in 2008, down the week by nearly ...

Risk Aversion Eased ahead of Holiday, But Yen Remains Strongest

Yen remains the strongest one for today even though risk aversion eased a bit ahead of long holiday weekend. Dollar is following as the second strongest, reversing a lot of ...

DOW Dropped to Critical Fib Level, Yield Curve Flattened Further

While risk aversion continued in Asian session, volatility cooled mildly. Major pairs and crosses are staying in relatively tight range. Swiss Franc and Sterling are generally higher while commodity currencies ...

Dollar Under Pressure But Loss Limited, BoE Dovish Shift Ignored

Dollar remains in the spotlight today as it suffers renewed selling in European session. It could be part of delayed reaction to the dovish FOMC rate hike yesterday. But then, ...

Yen Surges as Markets Tumble on Insufficiently Dovish Fed

US stocks tumbled overnight, extending recent decline, as FOMC raised interest rate and the overall announce was less dovish than expected. Risk aversion also spread to Asian session. Commodity currencies ...

Euro Surges as EU Finally Approved Italian Budget, Dollar Mixed Awaiting FOMC Guidance

Euro rises broadly today as Italy finally got its 2019 budget plan approved by the European Commission. Disciplinary actions are now avoided. Italian 10-yield yields tumbles sharply and is pressing ...

Dollar in Range ahead of FOMC, Preparing for Breakout

Dollar is mildly softer in Asian session as traders turn cautious ahead of FOMC rate decision. But it should be noted that, except versus less, and to a lesser extent ...

Dollar Declines as Trump Urged Fed to Feel the Markets, But Loss Limited as Traders Await Projection Numbers

Dollar selloff takes center stage today as Trump continues with his verbal intervention on Fed policy. But Canadian Dollar is even weakest as down trend in WTI crude oil extends ...

Yen Trading Higher as Risk Aversion Spreads from US

Yen is trading as the second strongest one for today, next to New Zealand Dollar, as risk aversions spread from the US to Asia. There were continuous rhetorics from Trump’s ...

Swiss Franc Leads Europeans Higher, Dollar Softer after Poor Data

European majors are trading generally higher today, as led by Swiss Franc. Euro is also strong but to a lesser extend while Sterling just follows. On the other hand, Dollar ...

Markets Cautiously in Tight Range, Awaiting FOMC Rate Hike and Economic Projections

The financial markets are rather steady in Asia today. Nikkei and and Singapore Strait Times are having notably rebounds. But China and Hong Kong stock markets are mixed. In the ...

Fed’s Economic Projections to Provide Guidance as Concerns on Global Slowdown Intensify

Sterling and Brexit was the center of focus during the early part of last week. The parliament vote on Brexit was postponed to at least January. UK Prime Minister Theresa ...

Yen and Dollar Soar on Risk Aversion, EUR/USD Downside Breakout Imminent

Yen and Dollar are the strongest ones today as global stock markets are back in selloff mode. Sentiments turned sour after weaker than expected Chinese sales and production data. Adding ...

Weak Chinese Data Sent Asian Stocks and Aussie Lower

Asian stocks are under pressure today as weaker than expected data from China prompted growth worries. New Zealand and Australian Dollar are trading as the weakest ones for today. Sterling ...

Euro Turns Slightly Softer as ECB Lowers 2019 Growth and Inflation Forecasts, Increasingly Cautious

It’s a relatively calm day today despite all the high profile events. At the time of writing, Euro is trading as the weakest one after ECB delivered a dovish shift ...

UK PM May Survived Leadership Challenge, Focus Turns to SNB and ECB

Risk sentiments are rather firm in Asian markets as major indices opened up and are extending gains. UK Prime Minister Theresa May’s survival of the leadership challenge is a positive ...

Sterling Soars as Traders Believe UK PM May Will Survive Leadership Challenge

The UK is in the center of focus again today. Now the time has come for a leadership challenge on UK Prime Minister Theresa May. Sterling gains a lot of ...