Mon, Jul 06, 2020 @ 07:03 GMT
Dollar and Yen are under pressure today as Asian markets opened the week with strong rally. In particular, Chinese stocks are extending last week's powerful rise, taking Hong Kong equities up too. In the currency markets, though, Euro is...
Markets looked rather indifferent to the resurgence of coronavirus infections. Daily new cases surged to new high above 200k. Total cases broke 11m while deaths is closing in to 530k. But traders and investors couldn't care less. Instead, sentiments...
Markets are generally trading in risk-on mode today. NASDAQ surged to new record highs overnight following solid US job data. Better than expected China services data continue to support sentiment. Yen, Dollar and Euro are set to end the...
Strong employment data from the US boosts market sentiments as DOW future is up over 400 pts at the time of writing. European indices are also extending gains. The greenback however, shrugs of the data and it's trading as...
Dollar and Yen are both trading as the weakest ones for the week for now. FOMC minutes released overnight gave little support to the greenback, nor that ADP job number and ISM manufacturing. Focus is turning to non-farm payrolls...
The FOMC minutes for the June meeting revealed that the members had rigorous discussion about forward guidance, asset purchases and yield curve caps/targets. We expect the framework review will be completed this month, allowing the Fed to announce changes...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks added +1.12 mmb to 1451.78 mmb in the week ended June 26. Crude oil inventory plunged -7.2 mmb (consensus:...
Markets continue to trade in rather indecisive mode today. DOW futures point to mildly lower open, following European stocks, and is getting not support from solid ADP job data. Yen appears to be rebounding but it's kept well above...
The overall markets remain rather mixed so far. Rebound in US stocks overnight didn't carry forward to Asian session. Nikkei is weighed down by poor Tankan survey data. Dollar's rally attempt was somewhat knocked down by up trend resumption...
Both Australian dollar and New Zealand dollar have outperformed other G7 currencies over the past two months, as investors expressed their confidence to global economic recovery through higher-risk assets. A key reason for Australian dollar's relative better performance over...
Dollar continues to stay firm in early US session as supported by strength against Sterling, Yen and to a lesser extent Canadian. Yet, the moves are rather indecisive elsewhere. The greenback remains bounded in range against Euro and Aussie,...
Yen and Swiss Franc are trading as the weakest ones for the week so far, partly due to the strong rebound in stock markets overnight. Sterling is following as the next worst performing as traders continue to price in...
Sterling tumbles broadly today, appeared to be weighed down by UK Prime Minister Boris Johnson's plan to double down on public investments. The selloff is particularly apparent against Euro, as the latter was lifted mildly by improvements in Eurozone...
The markets opened the week with mild risk aversion, in response to continuously surging global coronavirus cases. Japanese stock was additionally weighed down by poor retail sales data. But outside of Japan, losses are relatively limited. European indices have...
The phenomenon of rising interest rates since early May appears contradictory to Chinese government’s commitment to maintain “liquidity at a reasonably ample level”. PBOC's leaving of the loan prime rate (LPR), China’s policy rate, unchanged in May and June...
The conditions for risk reversal continued to build up last week and somewhat intensified. On the one hand, daily new coronavirus cases surged to new high for the world world, as well as for the US. Daily global new...
According to the CFTC Commitments of Traders report for the week ended June 23, NET LENGTH for crude oil futures jumped +14 611 contracts to 560 883 for the week. Speculative long positions gained +4 774 contracts while shorts...
As suggested in the CFTC Commitments of Traders report in the week ended June 23, NET SHORT for USD Index futures slipped -30 to 5 314 contracts. Speculative long positions increased +857 contracts and short positions added +827 contracts....
Sterling appears to be under some selling pressure today, without any special driver. A possible reason is some repositioning ahead of next week's Brexit talks. Meanwhile, Yen appears to be regaining some growth, together with Swiss Franc. There is...
The markets continue trade in consolidative mode today. US stocks reversed earlier loss to closed higher overnight, ignoring the surge in coronavirus cases. Asian markets are mixed, with mild weakness in Hong Kong HSI. it's weighed down by US...
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