Fri, Sep 20, 2019 @ 05:53 GMT
Swiss Franc and Yen are trading as the strongest for today so far. Both like lifted by somewhat dovish yet balanced central bank decisions. There are no clear indication of imminent policy easing from SNB nor BoJ yet. On...
The stock markets are mixed after the hawkish rate cut by Fed overnight but treasury yields are back under pressure. Dollar rose mildly after the announcement but there was no follow through buying. Yen surges broadly today, riding on...
The forex markets are generally stuck in very tight range today, as markets await Fed's rate cut. Dollar is the stronger one as followed by Canadian and Yen. Australian Dollar is the weakest one so far. Sterling follows as...
Dollar firms up mildly today as all eyes are on FOMC rate decision. A rate cut has turned from being a done deal to debatable, based on market pricing. While a cut is still generally expected, the greenback could...
Euro recovers mildly today as partly supported by strong rebound in German economic sentiment. Though, upside is capped for now as outlook for the country remains negative. Follows as the second strongest, then Yen. Fed is still widely expected...
Australian Dollar weakens broadly in Asian session after RBA minutes suggested more rate cuts ahead. Commodity currencies are also generally lower on mild risk aversion. There is little support from news of US-Japan trade agreement. on the other hand,...
Euro drops broadly today on some dovish comments from ECB officials. Also, it's believed that surge in oil prices could hurt Eurozone's balance of payment. Sterling stays weak as meeting between Prime Minster Boris Johnson and EU Jean-Claude Juncker...
Canadian recovers notably today following the strong rally in oil prices, after attack on Saudi Arabia's oil production. Yen follows as the second strongest on mild risk aversion, as sentiments are also weighed down by poor Chinese data. On...
Threat of US-China trade war escalation receded last week after both sides offered some concessions. Further than that, there is increasing hope of de-escalation of some form as the idea of an "interim" trade deal floated around. Both sides...
European majors remain generally firm today. In particular, Euro is supported by the view that ECB has done with policy easing after yesterday's stimulus package. Such view is supported by rare open criticism on the measures by ECB officials....
European majors are generally stronger today, after Euro survived yesterday's ECB monetary easing. Meanwhile, Canadian Dollar is broadly pressured following decline in oil prices. New Zealand Dollar is also weak after poor manufacturing data. Dollar is soft despite more...
Euro drops broadly after ECB finally delivers and announced a package of stimulus. The cut in deposit rate and size of QE are somewhat smaller than expected. But the new economic projections remain decidedly dovish despite the easing package....
Market sentiments were given another strong lift after both US and China offered gestures of good will ahead of next month's trade meeting. Yen extended this week's pullback and remains generally soft in Asian session today. Swiss Franc follows...
Euro weakens broadly today, in relatively quiet markets, as traders are probably adjusting their positions ahead of tomorrow's ECB rate decision. A new package of stimulus is widely expected. Yet, opinions on the exact composition of the package is...
Market sentiments are generally lifted in Asia, by China's announcement to exempt some US imports from tariffs, ahead of next month's meeting. Also, while symbolic, investors also cheer China's move to remove quota for foreign institutional investors on the...
The financial markets are generally steady today, with stock and bond markets bounded in tight range. Most major currency pairs and crosses are also staying inside yesterday's range. Swiss Franc is currently the firmer one, followed by Sterling is...
Yen weakens broadly today following recovery in major treasury yields, as a sign of stabilization in sentiments. Most notably, German 10-year yield closed above -0.6% at -0.585, while US 10-year yield closed above 1.6% at 1.622. Australian Dollar is...
Sterling rises broadly today as recession risk recede after better than expected GDP data. While it's unsure whether growth could sustain, the Pound cheers the improved outlook anyway. At this point, Australian Dollar is second strongest, followed by New...
Markets are generally quiet in a typical Monday. Sterling is trading generally lower. Prime Minister Boris Johnson's push for general election ahead of Brexit deadline will likely be voted down today. But it's reported that he's planning to block...
Risk aversion eased notably further last week as some of the imminent risks receded. New Italian government was sworn in as 5-Star Movement and bitter rival Democratic Party agreement to form a coalition. UK lawmakers passed a bill to...
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