Tue, Jan 26, 2021 @ 10:04 GMT
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Market Overview

Euro, Sterling and Swiss Interplay Eyed as Volatility in Stocks and Yields Shrugged

The forex markets are very quiet in Asian session today as consolidative trading continues. The sharp decline in US treasury yields overnight, and the pull back in Asian stocks, triggered little reaction in currencies. Dollar and Yen are the slightly firmer ones for today so far, while commodity currencies...

Euro Lost Upside Momentum While Stocks Pull Back after German Ifo

As European stocks turned south after initial trading, US futures also also dragged down. Overall market sentiments turned mixed after a bright start in Asia. Dollar is recovering mildly but commodity currencies remain the strongest one so far, as led by New Zealand Dollar. There is apparently some pressure...

Asia Opens in Risk On Mode, New Zealand Dollar Outperforms

It's the same old story as Asian markets open in risk-on mode. Commodity currencies strengthen broadly, but led by New Zealand Dollar this time. On the other hand, Swiss Franc, Yen and Dollar are the weaker ones, while Euro and Sterling are mixed. Trading could be subdued today with...

Euro Reversed Initial Selloff after ECB, Turning the Corner?

Euro has surprisingly ended as the strongest one last week. While a rebound against Dollar was expected, the turnaround against commodity currency, in a risk-on week, was impressive. Though, as discussed below, the common currency still has a lot to prove. Sterling also overwhelmed New Zealand Dollar slightly and...

Dollar Rebounds Broadly as Risk Appetite Recedes

Dollar rebounds broadly today following receding risk appetite. Investors are apparently paring their gains in stocks. Swiss Franc and Euro are the next strongest, followed by Yen. On the other hand, Australian Dollar and Sterling are the worst performing. In particular, the Pound was weighed down by sharp deterioration...

Euro Rebounds Against While Stock Traders Take Profit

The forex markets are reversing some of this week moves today, as stock investors are also taking some profits ahead of the weekend. Euro is the better performing so far, followed by Swiss Franc, Dollar and Yen. Meanwhile, Sterling and commodity currencies are the weaker ones. As for the...

Euro Recovers as ECB Sees Less Pronounced Downside Risk, Dollar Softens after Jobless Claims

Euro recovers mildly in early US session, after ECB said downside risks to the economic outlook are less pronounced. Though, it remains one of the worst performing for the week, together with Dollar, Yen and Swiss Franc. The greenback is clearly still under pressure for now, after worst than...

Euro Vulnerable as ECB Awaited, Strong Risk-On Sentiment Continues

Euro recovers mildly today but stays as one the weakest, along with Dollar, Yen and Swiss Franc. Strong risk-on sentiments pushed major US indices to new records overnight. Commodity currencies are generally strong on the sentiments. Canadian Dollar was additionally lifted by the not-so-dovish BoC statement, but it's awaiting...

Euro Down Again as Recovery Lost Momentum, Commodity Currencies Jump

Euro weakens notably today as recovery momentum diminished quickly. Dollar is not gaining much, though, as commodity currencies trade broadly higher with new wave of buying. Australian Dollar is once again leading others. Canadian Dollar shrugs off weaker than expected inflation reading, and await BoC rate decision and the...

Canadian Dollar in Spotlight, With Eyes on BoC and Oil Price

Canadian Dollar is a main focus today with BoC rate decision featured. Recent strong risk-on markets haven't given the Loonie much lift. It's upside is somewhat capped as oil price turned into consolidation after last week's spike. Also, traders turned cautious before BoC's indication on the chance of a...

Euro Rises While Dollar and Yen Stay Pressured

Yen and Dollar remain the worst performing ones for today with markets generally in risk-on mode. Investors are awaiting US Treasury nominee Janet Yellen's Senate hearing for more information on the her stance on fiscal stimulus and Dollar exchange rate. Though, buying focuses turned from commodity currencies to Euro...

Asian Markets Surge With Strong Risk Appetite, Yen Under Heavy Selling

Asian markets are trading in strong risk-on mode today, with particular strength seen in Hong Kong. DOW future is also currently up 150 pts, as markets look forward to US Treasury nominee Janet Yellen's confirmation hearing. Yen is back under heavy selling pressure, followed by Dollar and Swiss Franc....

Commodity Currencies Stay Generally Weak While Euro Could Stabilize Temporarily

Commodity currencies remain generally weak today on mixed market sentiments. On the other hand, Yen, Swiss Franc and Dollar are the strongest. Euro remains soft too, but recovery in crosses, in particular against Sterling, is limiting its downside for the moment. Gold also stabilizes back in prior range after...

EUR/USD Pressing 1.2 Key Support as Dollar Lifted by Yellen

Dollar opens the week generally higher, as supported by comments from former Fed chair Janet Yellen. Though, at this point, Yen mildly stronger while Swiss Franc is also firm. The triple argues that there is some underlying cautiousness in investor sentiments, despite solid Q4 China data. That's also reflected...

Dollar and Yen in Driving Seat While Other Markets Turned Mixed

Sterling ended the week as the best performing one. But the late selloff, and rejection by resistance against Dollar and Yen, suggest that the latter too were in the driving seat. Weakness was apparently see in Euro, New Zealand Dollar, and to a lesser extent Australian. Dollar could be...

Yen and Swiss Franc Rise as Sentiments Weighed Down by Weak Data

Yen and Swiss Franc are trading stronger together with Dollar today, as stock markets are pulling back slightly. On the other hand, New Zealand Dollar is leading other commodity currencies lower. US President-elect Joe Biden's new spending package was generally ignored by investors. Instead, worse than expected US data...

Euro Stays Weak, More Downside Before Weekly Close

The forex markets are generally staying in tight range in Asian session today. Dollar is mildly higher even though Fed chair Jerome Powell further talked down stimulus removal. Yen is also strengthening while commodity currencies turn slightly softer. For the week, Sterling remains the strongest one, followed by Canadian....

Euro’s Decline Continues as Italy Yields Jump, Dollar and Yen Mixed

Euro's broad based decline continues today, dragging down the Swiss Franc, and to a lesser extent Sterling too. Italy bench yield jumps sharply on increasing risk of fresh elections in the summer. On the other hand, commodity currencies continue to be strong, as supported by overall solid risk sentiments....

Euro Falls Against Commodity Currencies, Dollar Mixed Despite Pull Back in Yields

Selloff in Euro against commodity currencies appear to be a main theme today, in otherwise mixed markets. Dollar seems not too bothered by the pull back in treasury yields overnight and stays generally inside last week's range. Sterling is struggling to extend gain despite staying as the strongest one...

Sterling Strong in Mixed Markets, Dollar Stabilizes

Sterling strength continues today, in the otherwise mixed markets. UK Prime Minister Boris Johnson told the parliament that restrictions measures are already "starting to have an effect in many parts of the country". Canadian Dollar is following as second strongest for today, lifted slightly by upside acceleration in oil...