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Market Overview

Dollar Struggles to Rise on Solid Job Data

While the US delivers a set of solid non-farm payroll data, Dollar struggles to ride on it to extend the near term rebound. On the other hand, the report is being cheered by stocks investors, with futures shooting higher. Thus, risk-on sentiment is capping the greenback's rally attempt. Softer...

Dollar Looking Forward to NFP, Markets Cautious

The forex markets are largely in tight range in Asian session today. Dollar is currently the strongest one for the week, after the rally attempt overnight. But traders are still holding their bets ahead of today's non-farm payroll data. For now, Canadian Dollar is the second best, followed by...

Dollar Lifted by Solid ADP Job, But Still Stuck in Range

Dollar rises broadly in early US session as lifted by stronger than expected ADP private job data. Meanwhile, stock futures turn south, apparently triggered by affirmation of continuous tightening by Fed. Yet, traders would still hold the larger bets until tomorrow's non-farm payrolls data. For now, Swiss Franc is...

Dollar Shrugs FOMC Minutes, Yen Continues to Reverse

Overall, the movements in the markets remain indecisive. Yen is staying soft after reversing all of earlier gains in the week, but holds above near term support levels. Dollar is stuck in familiar range against European majors and commodity currencies. The hawkish FOMC minutes provided no inspiration to the...

Dollar and Yen Down in a Typical Risk-On Day, But What Next?

It's looks like a rather typical risk-on day today, with Dollar and Yen trading broadly lower, while Aussie leads commodity currencies higher. Major European indexes are firmly up while US futures also point to higher open. US and European benchmark yields are trading down again. Gold is extending recent...

Aussie Rises as China Considers Easing Coal Ban

Aussie rises broadly today on news that China is considering to lift the ban on its coal partially. The move also takes Kiwi higher. On the other hand, Dollar is turning softer together with loonie. Despite yesterday's rally attempt, the greenback is clearly hesitating ahead of today's ISM manufacturing...

Dollar Rises Broadly, But Sustainability in Question

Dollar rises broadly in the early part of European session for now apparent reason. Risk sentiment is so far positive with rallies in major European indexes and US futures. US benchmark yield is actually falling. There is also no follow through buying in the greenback after lower than expected...

Yen Skyrockets Broadly as New Year Starts, Gold Breakout

Yen rises broadly and strongly in Asian session today even though Japan remains on holiday. The strength is rather overwhelming, and with some near term resistance levels taken out, more upside is in favor for the near term. Dollar and European majors are worse performing ones, with Sterling having...

Yen Extends Rebound to End as December’s Winner

Yen's rebound continues in Asian session today, and looks set to end as the best performer for the month. Swiss Franc follows as the next strongest with much help from buying against Euro and Sterling, and overall bearish market sentiment. Canadian and Australian Dollars are the worst in December...

Dollar Down, Yen Recovers, Markets Mixed in Holiday Mood

Trading in the forex markets remain mixed and non-committal. Yen's pull back appeared to have run its course already, and recover broadly today. Euro and Swiss Franc are now on the firmer side. On the other hand, Dollar is weak together with Aussie and Sterling. Canadian and New Zealand...

Markets in Risk-Off Mode But Forex Mixed

The financial markets are trading more on the risk-on side as the year-end is approaching. But reactions in the forex markets are relatively mild. Yen continues to be the worst performer for the week but selloff is somewhat slowing. Euro and Sterling are soft with Dollar. Commodity currencies are...

Yen Extends Decline, Aussie and Kiwi Stronger

Yen's selloff continues today, so are the rallies in US and European benchmark treasury yields. While the cap on 10-year JGB yields was raised earlier this month, there is still a cap. On the other hand, market sentiments appeared to be boosted by relaxation of outbound travel in China....

Yen Down Further as US Yields Surged, Dollar Mixed

Yen is under some persistent selling pressure since yesterday, following rebound in US benchmark yields. Aussie and Canadian Dollars are the stronger ones on commodity and oil prices, but Kiwi is lagging far behind. Euro is the stronger European majors while Sterling and Swiss Franc are on the softer...

Canadian Dollar Rises Versus Euro and Dollar

Canadian Dollar is taking a pole position in quiet markets today. Overall picture is mixed, as other commodity currencies of Aussie and Kiwi are both losing some momentum. Dollar is turning slightly stronger, except versus Loonie. Sterling faced some selloff in early part of European session, but Euro is...

Yen and Dollar Mildly Softer in Subdued Trading

Yen and Dollar are trading mildly lower in quiet trading in Asia, which is not totally back from holiday yet. Australian Dollar is the stronger one, followed by other commodity currencies and Sterling. On the other hand, Euro and Swiss Franc are on the softer side. Market activity will...

Range Trading Continues, Little Reaction to US and Canada Data

Range trading continues in overall quiet markets today. The batch of economic data from the US and Canada trigger little reactions. Yen is still set to end as the strongest one for the week, followed by Canadian and then Swiss Franc. Kiwi is the worst, followed by Sterling and...

Dollar Mixed as Markets Tread Water

Trading is rather subdued in pre-holiday markets today. Yen was softer in Asian session but remains the strongest one for the week, maintaining most of post-BoJ gains. There was little reaction to CPI data from Japan. Canadian Dollar is the second strongest followed by Swiss France. On the other...

Dollar Fighting Back in Pre-Holiday Trading

Dollar is trying to strike back as traders are likely starting to light up their positions ahead of holidays. But for now, Yen and Euro are so far the more resilient ones. Sterling is sold off broadly earlier today but it's not worse the Kiwi. Aussie is also quickly...

Aussie Turning Up on Positive Sentiment, Dollar Struggles

Australian Dollar rebounds broadly today, as risk-on sentiment continues in Asian session. For now, Yen is still supported solidly by BoJ's action earlier in the week, even though 10-year JGB yield dips back towards 0.4% level. However, Dollar and Swiss Franc are turning softer together with Loonie. Meanwhile, Euro...

Markets Turning Back to Risk-on Mode, Dollar Softens

The markets appear to be back in risk-on mode as seen in major European indexes and US futures. Aussie is recovering notably, followed by Swiss Franc. But New Zealand Dollar is the weakest for the day, followed by Sterling and then Yen. Dollar and Euro are mixed. As for...