Market Overview
Wall Street Surges, Trump Tariff Blitz Looms, Dollar Struggles
Last week’s market action displayed a familiar theme: investors are choosing to focus on growth — even if it’s fragile — and political clarity, however fleeting. US equities roared to record highs as a wave of macro and policy news washed over Wall Street.
Yet the outlook is far from...
Dollar Bounce Short-Lived as Eyes Turn to Trump’s Trade Salvo
Dollar’s rebound on upbeat US jobs and services data proved short-lived, as the greenback faded again in early Friday trading. The greenback failed to hold gains amid a broader risk-on tone with both S&P 500 and NASDAQ closed at fresh record highs.
Strong employment data gave policymakers room to wait,...
Dollar Rebounds as Solid NFP Eases Urgency for Fed Action
Dollar rebounded in early US session following the better-than-expected June non-farm payrolls report, further reversing much of the week's earlier weakness. While not a blowout, the report showed a labor market that remains fundamentally resilient, and significantly reduces pressure on the Fed to pull the trigger at the July...
Dollar Selloff Stalls Before NFP Test: Calm Before the Shock?
Dollar is pausing its recent slide as markets brace for today’s Non-Farm Payrolls report, but its recovery remains shallow. Barring its gains against the troubled British Pound, the greenback remains broadly weaker against major currencies for the week. Traders are increasingly wary of a downside surprise in the jobs...
Sterling Plunges as Gilt Yields Surge Amid UK Political Turmoil
Sterling came under heavy pressure today, tumbling sharply alongside a selloff in UK government bonds. The 10-year gilt yield surged above 4.65%, up 20 basis points from levels seen just two days ago. The moves came after Prime Minister Keir Starmer’s government backtracked on key parts of its welfare...
Dollar Under Pressure as Political, Policy, and Euro Strength Risks Converge
The calm in today’s Asian forex session belies a volatile backdrop forming beneath the surface. Dollar remains pinned near at bottom of the performance board this week, despite a shallow bounce. Investors are keeping their powder dry ahead of several key catalysts: Thursday's non-farm payrolls report, the looming July...
Dollar Extends Decline as Markets Starting to Embrace Three Fed Cuts in 2025
Dollar's slide deepened today as markets leaned harder into expectations of multiple Fed rate cuts in 2025. The move comes even before this week’s key economic data—ISM manufacturing, ISM services, and non-farm payrolls—hits the wires. The greenback’s decline is broad-based, with risk currencies like the New Zealand Dollar and...
Dollar Drops on Renewed Tariff Risks as Trump Targets Japan, Swiss Franc Shines
Dollar’s selloff extended overnight, breaking to fresh lows against Euro and Swiss Franc, as markets grow increasingly uneasy about U.S. trade policy ahead of the July 9 deadline. While US equities remain resilient, with the S&P 500 and NASDAQ surging to record highs, FX markets are telling a different...
Quiet Market With Trade Tensions Simmering, Japan’s Tankan in Focus
Forex trading remains subdued and directionless, with most major pairs and crosses holding within Friday’s ranges. Traders appear to be in wait-and-see mode ahead of a packed US data schedule. The spotlight turns first to Tuesday’s ISM Manufacturing report, then to Thursday’s ISM Services and the highly anticipated non-farm...
Canada Reverses Digital Tax to Save U.S. Trade Talks; Loonie Recovers Modestly
The forex market opened the week with low volatility and mixed Asian equities, but politically driven developments are keeping some G10 currencies in motion. Dollar is the weakest performer so far, with the Canadian Dollar also under pressure despite rebounding from weekend lows. Yen leads amid safe-haven inflows, while...
Dollar Index Hits Multi-Year Low and Broke Long Term Fibonacci Level
Dollar ended last week as the weakest major currency, with Dollar Index breaking to a fresh three-year low. Risk-on sentiment was a key driver: US equities surged following the Israel-Iran ceasefire, and S&P 500 and NASDAQ both posted record closes on Friday. Rising expectations of rate cuts from Fed...
Dollar Stays Weak as Traders Weigh Hawkish PCE and Dovish Spending Signals
Dollar enters the US session mixed, as markets digest a batch of data offering signals to both sides of the policy debate. The greenback is seeing additional selling against Euro and Swiss Franc, but recovering modestly against commodity-linked currencies.
Core PCE inflation rose faster than expected in May, providing Fed...
Risk Appetite Holds, Dollar Extends Losses Markets Eye PCE into Friday’s Finish
Global risk sentiment remains firm heading into the weekend, with both S&P 500 and NASDAQ pushing near record highs overnight. Asian markets followed suit, with Japan’s Nikkei breaking above the symbolic 40k mark, extending its robust rally driven by AI optimism and strong corporate earnings.
The bullish tone persists despite...
Dollar Struggles After Mixed Data; Yen Rallies With Nikkei Surge
Dollar weakness continues to dominate FX markets, with the greenback staying under pressure across the board. he spotlight is on which currencies are capitalizing the most. Yen is stealing the show, along with sharp rally in the Nikkei as AI-fueled optimism sends semiconductor shares surging. Swiss Franc and Aussie...
Dollar Slides to Multi-Year Lows Against Euro, Pound on NATO Spending Boost
Dollar weakness deepened in Asian session, with the greenback falling to multi-year lows against both Euro and Sterling. For now, downside pressure remains concentrated against European majors. The latest catalyst is a show of fiscal resolve from NATO allies, who agreed to more than double their defense spending target...
Dollar Stabilizes After Slide as Calm Returns to Markets
Wednesday brought a lull in FX volatility as Dollar’s selloff eased, though it remained broadly under pressure for the week. The geopolitical backdrop is calmer, with the Israel-Iran ceasefire appearing stable for now. Trade talks seemed to be on hold, and with no major data releases on deck, markets...
Fed Officials Push Back on July Cut, But Dollar Remains Under Pressure
Dollar remains under broad pressure midweek and is currently the weakest performer among major currencies. While dovish signals from Fed Vice Chair Michelle Bowman and Governor Christopher Waller cracked open the door for a July rate cut, that narrative has cooled. Several other Fed officials have voiced caution, pushing...
Ceasefire Frays but Markets Stay Steady; Fed’s Powell Keeps Inflation Guard
Global markets continue to trade with cautious optimism, despite signs of strain in the fragile Israel-Iran ceasefire. Reports out of Tehran on renewed Israeli airstrikes—despite US President Donald Trump declaring a ceasefire hours earlier—have added tension. Israeli army radio said the strikes targeted an Iranian radar site near Tehran,...
Fed Doves, Ceasefire Talk Sink Dollar as Risk Appetite Rebuilds
Dollar fell sharply overnight and extended its slide through Tuesday’s Asian session, as traders responded to dovish Fed commentary and easing geopolitical risks. Vice Chair Michelle Bowman signaled she would support a rate cut as soon as July if inflation pressures remain contained and labor market data weakens further....
Dollar Gains on Middle East Tensions, But Broader Markets Hold Steady
Dollar continues to dominate currency markets as geopolitical anxiety keeps providing support. Safe haven demand, sparked by fears of escalating conflict between the US and Iran, has put economic data on the back burner. While Iran has reiterated threats of retaliation after the US bombing of its underground nuclear...