Market Overview
Dollar Slips on Month-End Flows, Yuan Jumps to 9-Month High
Dollar weakened broadly today, though without a clear catalyst. Month-end flows are likely in play, while traders turned cautious ahead of what is expected to be a volatile September. With key U.S. releases looming, positioning appears lighter as investors await more decisive signals. Beyond tomorrow's US PCE data, the...
Dollar Softens, Yen Leads as Markets Eye ECB Minutes
U.S. equities closed higher overnight, but Asian markets turned mixed on Thursday as risk sentiment remained muted. Nvidia’s stronger-than-expected earnings beat on both revenue and profit dominated headlines but failed to deliver a sustained boost to risk appetite.
In currency markets, Dollar softened as this week’s rebound lost steam. Overall...
Dollar Holds Firm in Quiet Trade, EU Moves to Accelerate Tariff Cuts
Dollar firmed again today in what remains a subdued week for markets, with no top-tier European economic data releases so far and little central bank commentary on the docket. The summer lull has left trading ranges tight, and with nothing scheduled during the US session, conditions are expected to...
Fed’s Cook Prepares Lawsuit, India Tariffs Kick in, Markets Quiet
Currency markets were largely subdued in Asian session, with majors holding tight ranges despite some volatility in equities. U.S. stocks attempted a rebound overnight but momentum was weak, while Asian bourses traded softer. The absence of major economic data left political and policy headlines to set the tone.
At the...
French Politics Weighs on Euro, But Selling Fails to Gain Momentum
Currency markets stayed quiet overall, even though French politics briefly unsettled sentiment. French stocks dropped sharply as Prime Minister Francois Bayrou’s government looked increasingly at risk ahead of a September 8 confidence vote on his proposed budget cuts. Euro softened in response, though losses were limited.
Bayrou’s chances of survival...
Fed Drama and Fresh Tariff Threats Sour Risk Mood
Markets turned risk-averse again overnight, with Wall Street weakness spilling into Asia as political and trade developments rattled sentiment. Expectations that the Fed will cut rates in September remain intact, but investors are struggling to look past threats to central bank independence and a fresh wave of tariff risks.
The...
Global Markets Cool as Fed Boost Fades, Caution Dominates Late August Trade
Global market sentiment has cooled to start the week, with major European indexes trading mildly lower alongside softer U.S. futures. The lift from Fed Chair Jerome Powell’s dovish pivot appears to have run its course for now, leaving investors more hesitant during the final days of August.
While some profit-taking...
Risk-On Tone Lifts Aussie, Pressures Yen and Franc
Asian investors kicked off the week on a positive note, with equities advancing after Fed Chair Jerome Powell struck a dovish tone at Jackson Hole. Gains were particularly strong in Hong Kong, though most regional markets saw upward momentum, reflecting belief that the Fed appears ready to ease again...
Powell’s Dovish Pivot Sinks Dollar, Propels Wall Street to Records
The past week marked one of the most decisive turns for markets in months. Fed Chair Jerome Powell’s Jackson Hole speech was the clear catalyst, tilting Fed closer to easing and sparking a rally that lifted Wall Street to new highs. Dollar, by contrast, tumbled sharply.
On the surface, Swiss...
Cautious Trade Ahead of Fed Powell; Dollar Retains Upper Hand
Dollar is holding broadly firm as markets head into the US session, though intraday momentum has slowed. Traders are reluctant to commit to new positions ahead of Fed Chair Jerome Powell’s highly anticipated Jackson Hole speech.
Expectations for a September rate cut have already been pared back sharply, with Fed...
Dollar Charges Higher as Fed Cut Odds Trimmed, Powell as Next Catalyst
Dollar is charging broadly higher as traders turn their focus to Fed Chair Jerome Powell’s upcoming remarks at the Jackson Hole Symposium later today. Scheduled for 1400GMT, the speech is seen as the key event of the week, particularly after recent data and Fed commentary trimmed expectations for near-term...
Dollar, Euro Slightly Firmer as US–EU Trade Deal Details Emerge, Overall Mood Still Cautious
Currency markets remained reluctant to take on clear direction today, though a mild risk-off undertone was evident in equities and broader risk sentiment. Euro and Dollar emerged as the mildly firmer currencies of the day, underpinned by strong Eurozone PMI data and steady remarks from Federal Reserve officials. Yet...
Caution Dominates FX as Jackson Hole Opens, Risk Mood Fragile
Market activity cooled notably in Asian session today, with major currency pairs and crosses confined to tight ranges. The cautious mood reflects investor focus on the Jackson Hole Symposium, which begins today. The gathering of global central bankers is always a closely watched event, but this year’s comes at...
Risk-Off Bids Up Yen, Fed Minutes Awaited
The forex markets are trading in a clear risk-off tone today, with commodity currencies sliding and traditional havens like Yen and Swiss Franc leading the pack. Investors are wary that yesterday’s steep selloff in technology stocks could mark the start of a broader correction. NASDAQ’s retreat has stirred unease...
Volatile Day as Yen Rebounds, Sterling Holds Firm, Kiwi Slumps
There are three themes dominating currency markets today: a stronger rebound in the Yen, firming Sterling, and a sharp tumble in Kiwi. Moves are being shaped by local economic drivers as well as shifting central bank expectations, setting the stage for a cautious but active session.
Yen’s rally came alongside...
Loonie Dips After CPI Miss, Attention Turns to RBNZ
Canadian Dollar weakened broadly in early US session after inflation came in slightly below expectations. The data miss was modest, but enough to put the Loonie under pressure in otherwise quiet markets. The softer reading is not significant enough to force an immediate policy response from the BoC. Nor...
Trump-Zelenskyy Meeting Shrugged Off, Canada CPI May Break Lull
The forex market continues to trade without conviction, with major pairs confined to last week’s ranges. Traders are largely in wait-and-see mode, with the Jackson Hole Symposium at the end of the week expected to provide the next significant catalyst as Fed officials weigh in on the September policy...
Yen Dips in Sluggish Markets, Eyes on Trump-Zelenskyy Talks
Trading across global markets is subdued today, with Asia and the West pulling in different directions. Japan’s Nikkei hit a fresh record high, but European equities and US futures slipped modestly, leaving overall sentiment sluggish.
Some attention is turning to Washington, where US President Donald Trump hosts Ukrainian President Volodymyr...
Nikkei Soars, Yen Struggles Ahead of Packed Global Week With Jackson Hole Symposium
Asian markets opened the week on a positive note, with Japan’s Nikkei 225 extending its rally to fresh record highs. The interplay between Nikkei and Yen remains crucial. A softer yen improves exporters’ competitiveness, lifting equities. At the same time, robust equity performance can in turn weigh on the...
Currencies Split: Pound, Euro, Yen Firm While Antipodeans Sink
Markets spent the past week navigating a narrow path between relief and reality. Relief came from headline trade developments that bought more time for diplomacy. Reality showed up in the form of fresh price pressures and unresolved global tensions. The contrast defined how investors approached risk, producing a complex...