Mon, Jul 22, 2019 @ 19:23 GMT
The forex markets are generally mixed today in rather quiet trading. Dollar lacks a clear direction despite rumors that US and China trade teams are going finally meet to resume negotiations. Canadian Dollar is currently the weakest one, followed...
Asian markets are trading generally lower today as another weak starts. Though, weakness in stocks is relatively limited. Expectations on Fed and ECB easing remain generally firm. It looks like a matter of when and how much easing only....
Sterling, Dollar and Euro were the major focuses last week as they took turn in suffering selloffs. The Pound was pressured by increasing worries over no-deal Brexit. While it ended the week as the weakest one, late recovery argues...
Canadian Dollar drops sharply in early US session after big disappointment from retail sales data. The Loonie is currently trading as the weakest one for today. Euro is following as the second weakest as markets increases bet on ECB...
Dollar stabilizes in Asian session after steep decline overnight. Bets on Fed's rate cut this month jumped after dovish comments from some key Fed officials. It seems that Fed might choose not to listen to the solid economic data...
Manufacturing and job data released the US are pretty solid. But dollar shrugs off and stays soft. Though, Euro is even weaker on rumor that ECB is considering to revamp their inflation target, which could give policymakers rooms to...
Dollar is back under pressure following weakness in US stocks and yields overnight. But it remains largely in range, except versus Yen. Indeed, Yen buying seems to be picking up momentum again, in tandem with steep decline in Nikkei...
The forex markets are generally locked in tight range today. Canadian Dollar is supported by largely expected consumer inflation data. While Loonie is the second strongest for today so far, USD/CAD is stuck in familiar range. The markets are...
Dollar turns into consolidation in Asian session but it's able to maintain most of this week's gain. The greenback's fate remains heavily dependent on whether Fed will cut interest rates later in the month. Strong economic data so far...
Dollar rebound strongly in early US session, with support from strong retail sales data. Though, upside is somewhat capped by industrial production miss. Canadian Dollar is, instead, the strongest one. On the other hand, Sterling is the weakest one...
New Zealand Dollar strengthens broadly today after CPI picked up in Q2. On the other hand, Australian Dollar trades slightly softer after RBA minutes affirmed easing bias. Euro and Dollar strengthen mildly in Asian session. But both will face...
Commodity currencies remain the strongest ones for today with help from mild risk appetite. Dollar is trying to recover on stronger than expected manufacturing data, but no follow through buying is seen yet. The greenback will need more positive...
Markets are in mild risk seeking mode in Asian session, following record run in the US. China's GDP data slowed to 27-year low in Q2, but strong June data offered glimpse of hope. New Zealand and Australian Dollar follow...
Dollar's fortune reversed again last week as expectations of Fed July rate cut re-intensified. Such expectations also pushed US equities to new record highs. However, global equities lagged behind, with major FTSE, CAC and Nikkei closed inside prior week's...
While Dollar remains the worst performing one for the week, Euro is overtaking as the weakest one for today. Selloff in crosses, in particular in EUR/CHF, is dragging down the common currency. Much stronger than expected industrial production data...
Dollar weakens generally again today as remains the worst performing one for the week, on expectation of July Fed cut. Fed Chair Jerome Powell also indicated that the decision could be based more on continuing uncertainties, rather than deterioration...
Dollar remains the weakest one for today even though selloff somewhat stabilized in early US session. Stronger than expected core CPI is providing some support to the greenback, together with job data. However, the question remains on whether Fed...
Now, after Fed Chair Jerome Powell's testimony, a July Fed cut is more like a done deal than not. Dollar tumbled broadly overnight and selloff continues today. Euro is the second weakest as ECB will likely be a step...
Dollar drops notably in response to Fed Chair Jerome Powell's prepared remains for the two day Congressional testimony which starts today. The greenback is currently the weakest one for today, followed by Yen and the Canadian. On the other...
Dollar remains the strongest one for the week even though upside momentum is diminishing today. The single most important factor for Dollar's next move is whether Fed would cut interest rate at this month's meeting. A 50bps cut is...
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