Thu, May 19, 2022 @ 03:21 GMT
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Market Overview

Dollar Recovers in Tight Range, Sterling Down after CPI

Dollar and Yen are recovering mildly today but overall major pairs and crosses are stuck in very tight range. European majors are the weaker ones, with Sterling having a lower handle. Commodity currencies are mixed. Trading is also quiet in other markets with Gold continuing to hover slightly above...

Dollar Holding On to Near Term Support, UK and CA CPI Featured

The forex markets are engaging in sideway trading in very tight range in Asian session. Dollar and Yen remain the weaker ones for the week. But so far, there is not following selling to push them through near term support level yet. Overall risk sentiment is crucial in determining...

Euro and Sterling Rebound Strongly, Dollar and Yen Turn Weaker

Yen and Dollar falls broadly today as risk-on sentiment is gaining steam. European majors are making a strong come back too. Sterling is boosted by upbeat job market data. Euro is also lifted after a ECB policymaker threw out the idea of a 50bps rate hike. Commodity currencies are...

Aussie Rises on Stabilizing Sentiment, Sterling Awaits Data

Overall risk sentiment is stable in Asian session today. Australian and New Zealand Dollar are trading mildly higher as recoveries extend, while Sterling is also slightly higher. On the other hand, Yen is softening together with Swiss Franc and Dollar, and that is in-line with risk trades. Euro and...

Euro Recovers in Overall Consolidative Markets

The financial markets are generally quiet today. Major European indexes are mixed while US futures are treading water. Gold is still trying to defend 1800 handle, despite dipping earlier. Silver is also recovering ahead of 20 handle. Bitcoin and Ethereum are also staying in sideway trading. Euro is firmer...

Yen and Dollar Slightly Firmer, Markets Shrug Poor China Data

Yen and Dollar rise slightly in quiet Asia session today while Aussie and Kiwi weaken. It's typical risk-off setting with weakness seen in oil price and gold too, but movements are limited. Major pairs and crosses are staying inside Friday's range for now. Asia stock markets are also mixed...

Euro Looking Increasingly Vulnerable, Overall Sentiment to Stabilize after Wild Rides

Extreme volatility was seen in the markets last week, in particular in the across the broad rout in cryptocurrencies. Stocks the tumbled sharp but stage a late come back. Gold and silver resumed recent decline. Yen ended as the best performer, helped by both risk aversion and pull back...

Gold Extends Decline While EUR/USD Holding on to 2017 Low

Overall, the forex markets are rather quiet as the week is heading to a close. EUR/USD is still holding above 2017 low but lacks any strength for a recovery. The greenback might still have a last push during the rest of the session. Meanwhile, Gold is a major mover...

Dollar and Yen Consolidate as Sentiment Stabilized

Overall market sentiment stabilize in Asia today, with Nikkei leading other major indexes higher. Bitcoin is trading back above 20k, arguing that the climax of the crypto rout is over. In the currency markets, both Dollar and Yen are paring some recent gains while commodity currencies recover. But for...

EUR/USD Downside Breakout, Yen in Upside Acceleration

Yen is the runaway winner today on massive safe-haven flows, which also pushed up treasury bonds. Meltdown in cryptocurrencies intensified further, as bitcoin barely holds on to 25k. Major European indexes are in deep red while US futures, in particular NASDAQ, are pointing to lower open. Benchmark treasury yields...

Yen Rebounding Further on Risk Aversion and Falling Yields

With the help from risk aversion and extended pull back in benchmark global treasury yields, Yen's rebound is making some progress. US 10-year yield is back below 2.9% handle in Asian session while Germany 10-year bund yield also broke 1% yesterday. Euro and Dollar are still relatively firm on...

Dollar Trying to Rally Again after CPI, Euro Shrugs Hawkish ECB

As initial reactions to higher than expected headline and core CPI readings, Dollar is trying to resume its near term advance, which stocks futures are paring gains. The question is how sustainable the rally could be. Euro was rather indifferent to hawkish comments from ECB officials, who continued to...

Markets Tread Water ahead of US CPI, Gold and Yields Dip

The forex markets are stuck in very tight range in Asia session today, as traders are awaiting another set of consumer inflation data from the US. For now, Dollar, Euro and Yen are the stronger ones for the week, and they're range bound against each other. Commodity currencies remain...

Dollar Ranging Against Euro and Yen, Markets Turning Cautious With Stabilization

Risk sentiment stabilizes today with rebound in major European stocks while US futures also point to higher open. Selloff in commodity currencies slow a bit but they remain the worst performers, led by Aussie. Yen, Euro and Dollar are the stronger ones, and they're mixed against each other. Sterling...

Euro Resilient in Risk-Off Markets, Aussie Selloff Continues

The markets are still staying in overall risk-off mode this week so far, with selloff in stocks, gold, oil and cryptos. Commodity currencies are trading broadly lower as as result, led by Aussie. Dollar and Yen are generally firmer, but they're outshone by the surprisingly resilient Euro, and to...

Risk Aversion Still Dominates But Dollar Lost Momentum, Euro Recovers

Risk aversion is the theme of the day, with major European indexes trading in red, while US futures are also diving. Australian Dollar is leading other commodity currencies lower. While Dollar is firm, it's losing some momentum entering into US session. In particular, the greenback is retreating after failing...

Aussie Tumbles as Markets Open in Risk-Off Sentiment

Markets open the week with risk-off sentiment, in particular in Japan. Australian and New Zealand Dollar are trading broadly lower as a result. On the other hand, Dollar is rising broadly. European majors are mixed together with Yen and Canadian. Technically, however, bother EUR/USD and USD/JPY are still bounded in...

Traders Still Betting on 75bps Hike by Fed in June, Dollar Rally Capped

While RBA, Fed and BoE announced rate hikes last week, the impacts and reactions were rather delivered. RBA's larger than expected hike was well received and helped Aussie secured the first place, even though it pared back much gains on risk-aversion. On the other hand, BoE's announcement was considered...

Euro Talked Up By ECB Hawks, Dollar Shrugs NFP

Dollar turns slightly softer in early US session even though non-farm payroll report came in slightly better than expected. Yen is also weak on rising benchmark global yields. On the other hand, Euro jumps broadly as supported by hawkish comments from ECB officials. As for the week, Aussie and...

Dollar Back in Control ahead of NFP, Risk Aversion Back

Dollar is back in control as markets turned back into risk-off mode, just a day after the rallies triggered by Fed Chair Jerome Powell's comments. Investors are apparently not too convinced by the ruling out of 75bps hike after a second thought. Focuses will turn to non-farm payroll report...