The financial markets were like in parallel universes last week. On the one hand, US stocks were boosted by trade optimism as the three major indices ended at record highs. On the other hand, Hong Kong stocks led Asian...
As suggested in the CFTC Commitments of Traders report in the week ended November 12. NET LENGTH in USD Index slid -595 contracts to 277 84. Speculative long positions fell -1 066 contracts and short positions dropped -471 contracts....
According to the CFTC Commitments of Traders report for the week ended November 12, NET LENGTH for crude oil futures gained +18 457 contracts to 424 597 for the week. Speculative long positions declined -25 944 contracts while shorts...
Dollar is mixed for today as markets head toward weekly close. Economic data from the US are generally disappointing, but sentiments seemed to be lifted by comments regarding US-China trade deal. Global stock markets also stabilized while US equities...
Markets turn into consolidative mode today as Dollar, Yen and Swiss Franc pare back some gains. Commodity currencies, on the other hand, are generally higher. Traders are taking some profits ahead of weekly close. Nevertheless, over the week, New...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -5.86 mmb to 1273.57 mmb in the week ended November 8. Crude oil inventory added +2.22 mmb to...
Yen, Swiss Franc and Dollar remain the strongest ones as Asia led risk aversion continues today. Additionally, treasury yields are back under pressure with some downside acceleration after US 10-year yield lost 1.9 while German 10-year yield lost -0.3....
Australian Dollar tumbles broadly today after poor employment data, which suggests RBA is still on track for more easing. Additionally, the Aussie and Kiwi are weighed down by risk aversion in Asian markets. Hong Kong stocks lead others lower...
China’s major economic data in October all missed expectations and slowed from a month ago. Growth in industrial production decelerated to +4.7% y/y, from +5.8% in September. Retail sales growth weakened to 7.2% m/m, compared with +7.8% in September....
New Zealand Dollar remains the strongest one today as boosted by RBNZ's hold. But risk aversion is picking up momentum and sends Swiss Franc and Yen generally higher. Hong Kong stocks led the global markets lower again as unrest...
Asian stocks are broadly lower today, as lead by free fall in Hong Kong stocks. But the development is largely shrugged off by the forex markets. New Zealand dollar rebound strongly after RBNZ surprisingly stands pat today. Swiss Franc...
RBNZ left the OCR unchanged at 1% in October. The members acknowledged that inflation stayed below the midpoint of the 2% target and inflation forecasts have declined. Yet, they believe previous monetary easing should lift the price level back...
The financial markets are relatively quiet today. Global stocks are generally higher but gains are limited. Treasury yields are mixed with US benchmark 10-year yield mildly lower while Germany 10-year yield is mildly higher. Dollar is currently the strongest...
Sterling rises sharply overnight and stays firm in Asian session today. The Pound was lifted by improved chance for Conservative win in the upcoming election. Yet, there is no sign of a clear majority for pushing through the Brexit...
The market remains divided over whether RBNZ would lower the OCR this week. Back in August, the market had fully priced in a rate cut of -25 bps. Yet, the central bank surprised with a -50 bps reduction, sending...
Yen surges broadly today as markets are back in risk averse mode, led by steep decline in Hong Kong stocks. On the other hand, Dollar and Australia are the weakest one for the moment. But some of the moves...
Headline CPI in China accelerated further to +3.8% y/y in October. This had exceeded consensus of +3.4% and breached the 3% target for the first time since 2013. Food price, in particular pork price, was again the key driver...
Trade optimism was the main theme driving the financial markets last week. Investors seemed to be convinced that US and China are close to signing trade agreement phase one, even though it's unsure when and where yet after the...
As suggested in the CFTC Commitments of Traders report in the week ended November 5. NET LENGTH in USD Index slid -1 130 contracts to 28 379. Speculative long positions fell -2 200 contracts and short positions dropped -1...
According to the CFTC Commitments of Traders report for the week ended November 5, NET LENGTH for crude oil futures soared +22 793 contracts to 406 140 for the week. Speculative long positions rose +12 784 contracts while shorts...