HomeAction InsightMarket Overview

Market Overview

Dollar Rebound Gains Momentum as Trade Talks Still in Focus

Dollar is staging a firm rebound heading into Friday’s New York session, reversing most of the earlier weekly losses. While durable goods orders for June came in better than expected, markets largely dismissed the data, recognizing that recent swings in transportation orders are tied more to tariff-driven volatility than...

Shifting ECB Cut Expectations Supports Euro; Trump Tones Down Powell Threat

Euro strengthened notably against Sterling and Swiss Franc as expectations for a September rate cut from the ECB began to fade. Some analysts now see October as a more likely timing, after President Christine Lagarde maintained an optimistic outlook during her post-decision press conference yesterday. Lagarde emphasized that June’s...

Euro Steady as ECB Holds, Lagarde Signals Comfort with Current Stance

ECB held its deposit rate at 2.00% as widely expected, with President Christine Lagarde delivering a message of cautious optimism. Euro was little changed following the decision, as Lagarde emphasized in the press conference that inflation is at 2% and the economy is evolving in a “relatively favorable” manner. Lagarde...

Focus Shifts to ECB and Trump’s Fed Visit as Markets Cheer Trade Progress

Global risk appetite extended higher, with S&P 500 and NASDAQ both setting new record highs overnight. DOW also surged over 500 pts, driven by optimism following the US-Japan trade deal. In Asia, Japan’s Nikkei continued its charge, with current momentum suggesting a record high could be imminent. The breakthrough...

Global Risk Rally Fueled by US-Japan Deal, Hopes Rise for EU Breakthrough

A wave of optimism rippled through global markets Wednesday after the U.S. and Japan finalized a trade agreement slashing tariffs and easing trade tensions. The Nikkei jumped 3.51%, setting the tone across Asia, while European stocks and US futures are also trading higher. Hopes are growing that other trade...

Markets Cheer US–Japan Tariff Relief, Ignore Japanese Political Turmoil

Yen slumped across the board in Asia as risk appetite surged following the announcement of a long-anticipated trade agreement between Japan and the US. The deal, which sets a 15% tariff on Japanese goods, down from the previously threatened 25%, sparked a sharp rally in Japanese equities, particularly auto...

Trade War Fears Pressure Euro Stocks as EU Retaliation Risks Grow

European Markets are increasingly uneasy over signs that the EU is preparing serious retaliatory measures ahead of the August 1 US tariff deadline. The Anti-Coercion Instrument is increasingly in the spotlight, as EU leaders weigh how to respond to US President Donald Trump’s threat of sweeping 30% import tariffs....

RBA Signals More Cuts, Trade Risk Looms Across Asia

Aussie edged lower in Tuesday’s Asian session after minutes from the RBA’s July meeting confirmed a dovish bias, despite the surprise interest rate hold. The Board remains inclined to ease further, with the debate centered around timing rather than direction. Markets are leaning heavily toward an August rate cut,...

Short-Covering Continues to Lift Yen, EU Said to Brace for Tariff Fight

Yen continues to lead the currency markets today, with fresh buying emerging in the early US session, particularly against Dollar. However, the rally appears more technical than structural, largely driven by short covering after Japan’s weekend election delivered no major surprises. Prime Minister Shigeru Ishiba’s Liberal Democratic Party lost...

Yen Stabilizes Post-Election, But BoJ Hike Could Be Further Away

Yen showed modest gains to start the week, but the broader forex markets stayed quiet with all major pairs and crosses confined to Friday’s ranges. Traders were largely unfazed by Japan’s upper house election, which delivered no shocks. The muted reaction suggests markets had priced in the LDP’s setback...

Dollar Stays Top as Resilient Data Overshadows Tariff and Political Risks

Markets showed surprising composure last week as equities climbed and Dollar dominate FX rankings. NASDAQ’s relentless ascent and a fresh record for the S&P 500 highlighted investor confidence despite growing political noise and tariff tensions. Elsewhere in FX, Euro and Sterling held firm, along with Loonie but were largely lifted...

Muted Dollar Pullback Leaves Weekly Gains Intact

Dollar is seeing a modest pullback in today's trading, yet it remains the strongest performer for the week. Market activity has been relatively subdued in the absence of major data or headlines. Traders now turn their attention to the University of Michigan's consumer sentiment and inflation expectations data due...

Dollar Holds Weekly as Markets Ignore Fed Waller’s Dovish Push, Ethereum Breaks Higher

Dollar eased slightly in today's Asian session but remains firmly in the lead as the top-performing currency for the week. Fed Governor Christopher Waller reignited the debate over rate cuts, calling for easing as soon as this month. But his comments — timed just ahead of the Fed’s blackout...

Dollar Holds Firm on Solid Data, Aussie Lags After Jobs Miss, Japan Steps Up Tariff Talks

Dollar remains broadly firm in early US session after a round of stronger-than-expected data reaffirmed the resilience of the US economy. However, gains are being capped as traders digest lingering political risks, including uncertainty over the status of Fed Chair Jerome Powell, and wait for further clarity from upcoming...

Greenback Recovers from Powell Firing Whipsaws, Aussie Crushed by Jobs Shock

Dollar swung sharply overnight as speculation swirled around the fate of Fed Chair Jerome Powell. Reports surfaced that US President Donald Trump was preparing to fire Powell imminently, with one claim suggesting a dismissal letter had already been drafted and shown to lawmakers during a meeting on cryptocurrency legislation....

Calm FX Session Sees Franc Slips, Yen Recovers

Forex markets are trading with a relatively subdued tone as the US session gets underway, with limited broad-based momentum among major currencies. The most notable move is a selloff in the Swiss Franc, which appears largely technical, led by a bullish bounce in EUR/CHF. Meanwhile, Yen is seeing a modest...

Sterling Inches Up on UK CPI; US Tariff Deals and Crypto Politics Share Spotlight

Sterling edged modestly higher today after UK inflation surprised to the upside, though gains were restrained. CPI and core CPI both accelerated in June, with goods inflation jumping sharply. The move raises questions about tariff passthrough effects and complicates the BoE's path ahead. While a BoE rate cut is still...

Markets Calm as US CPI Leaves Fed Outlook Unchanged, Yen Slides Continue

Markets shrugged off the latest US CPI release, with muted reactions across assets. While annual core inflation ticked slightly higher, the modest rise appears to be a relief for Fed and investors alike. Overall, the data does little to shift expectations around the Fed’s easing path. The July FOMC meeting...

Bond Market Signals Deepening Japan Risk , But Yen Finds No Lift from Surging Yields

Japanese bond markets are flashing warning signs ahead of a politically uncertain weekend. The 10-year JGB yield surged to its highest level since March and is on the cusp of breaking 1.6% for the first time since 2007. Long-dated yields have moved even more aggressively: the 30-year hit a...

Markets Cautious But Not Panicked, Hope for US-EU Deal Remains

The reaction to US President Donald Trump’s latest tariff salvo has been relatively muted so far. Germany’s DAX and France’s CAC opened mildly lower, but losses remain limited. In currency markets, Euro is holding steady, trading largely inside Friday’s ranges without triggering major downside momentum. The market appears to...