Market Overview
Canadian Dollar Shrugs Terrible Retail Sales, Taken Mildly Higher by Oil Price
Sterling remains the weakest one among the major currencies as selloff continues. Though, Dollar and Yen are catching up today while markets turned back into risk-on mode. Commodity currencies are generally firmer as led by Aussie. Even Canadian Dollar shrugs of terrible April retail sales data. Instead, the Loonie...
Sterling Weakness Continues as Markets Tread Water
The financial markets are generally treading water in Asian session today, with very limited movements. Yen, Swiss Franc and Dollar are the strongest ones for the weak so far. But there is not much committed buying seen yet. On the other hand, Sterling is the worst performing one for...
Sterling Tumbles after BoE, Markets in Mild Risk-Off Mode
Sterling drops notably today after BoE announced to expand the asset purchase program as widely expected. Australian Dollar is currently following as second weakest, then New Zealand Dollar. Markets are in slight risk-off mode today, as European indices are trading in slight red. Yen and Dollar ride on the...
Yen Mildly Higher as Focus Turns to SNB and BoE
The forex markets continue to be lacking a clear direction for now. New Zealand and Australian Dollar are mildly softer today, following weaker than expected data. But losses are so far limited. Yen, Euro and Dollar strengthen mildly but there is also no follow through buying. Focus will turn...
Euro and Sterling Weaken While Swiss Franc Surge, Dollar Mixed
Swiss Franc surges broadly today and it's currently the strongest one. There is no clear sign of risk aversion in other markets, with major European indices in black, while DOW futures is slightly higher. Yen is also generally soft too. Franc's strength might be an indication of concerns over...
Sterling Turns Softer after CPI, Markets Range-bound Elsewhere
The forex markets are generally in range trading today, with mild weakness seen in Sterling after CPI release. Markets are staying in mild risk-on mode, with Australian Dollar and Canadian Dollar firmer. However, there is no one-sided risk trading as see in the divergence in Yen and Swiss Franc....
Selling Focus Turns to Euro as Dollar Turns Mixed
Dollar turns mixed in early US session as selloff turns to Euro today. New Zealand Dollar is the second weakest as the country's coronavirus -free days ended. Yen, Dollar and Swiss Fran are not performing well, though, as markets remains in strong risk-on mode. On the other hand, Sterling...
Another U-Turn in Sentiments on Fed, Dollar Back Under Pressure
Sentiments took another U-turn as Fed did the trick again, with expansion of its asset purchases. Asia markets surge broadly, following the strong rebound in US overnight. Dollar, Yen and Swiss Franc are back under pressure. But New Zealand Dollar is the worst performing one for today so far,...
Risk Aversion Remains the Main Theme While Gold Reverses
Risk aversion remain a major theme today on concern over coronavirus second wave. DOW futures point to sharply lower open and the index could lose 25k handle. NASDAQ might also have another take on 9500 too. In the currency markets. Swiss Franc, Yen and Dollar are taking turns to...
Asian Markets Lower on Beijing Coronavirus Cases and China Data
Asian markets open the week mildly lower on concerns of another coronavirus outbreak in Beijing. Meanwhile, disappointing economic data from China also weigh on sentiments. Yen, Swiss Franc and Dollar are trading generally higher. Aussie is leading commodity currencies lower. But major pairs and crosses are staying inside Friday's...
Sentiments Took a U-Turn on Fear of Coronavirus Second Wave
The second wave of coronavirus pandemic had finally become a main theme in the markets last week. Or, investors could have just waited for Fed to confirm its done with more easing for moment, and started profit taking. Either way, massive selloff was seen in the stock markets towards...
Yen and Franc Digest Gains and Risk Markets Recovery Mildly
Risk markets recover mildly today after yesterday's sharp decline. DOW future is currently up over 500 pts ahead of open, but well short of yesterday's -1800pts decline. Yen and Swiss Franc turn softer today, followed by Dollar, while commodity currencies recover. For the week, though, Yen and Swiss Franc...
Risk Aversion Eased Mildly in Asia after Massive Selloff in US
Risk aversion carries on in Asian session today, after the massive selloff in the US overnight. But selling has some what eased ahead of the weekend. In the currency markets, Yen and Swiss Franc remain the strongest ones for the week, even though both are paring some gains. Dollar...
Markets Back in Risk Aversion on Fear of Coronavirus Second Wave
The financial markets are suddenly in deep risk aversion today, particular on fear of a second wave of coronavirus pandemic. A John Hopkins Center senior scholar has already warned that "there is a new wave coming in" parts of the US. In the currency markets, Australian Dollar is trading...
Yen, Swiss and Dollar Rise as Risk Aversion Comes Back after FOMC
Yen, Swiss Franc and Dollar strengthen generally today as risk appetite is having a setback after dovish FOMC announcement overnight. While NASDAQ continued to defy gravity and extended the record run, DOW and S&P 500 closed mildly lower. Asian markets are also trading in red as pull back in...
More Signs of Dollar Weakness as Fed Awaited
Stock markets are generally mixed today as NASDAQ seems unstoppable. But other indices, in Asia, Europe and even US look sluggish. OECD noted the equal probability of having a second wave of coronavirus spread or not. But that's largely ignored by investors. In the currency markets, Dollar is back...
Dollar Softens ahead of FOMC, Fed to Release New Economic Projections
Dollar is back under pressure against and focus turns to FOMC meeting. NASDAQ managed to break 10k level for the first time, and closed up 0.29% at 9953. But DOW and S&P 500 ended lower. Mixed trading in stocks carry on in Asian session. Yen continues to ride on...
Risk Markets Setting Stage for Pullback, But To Be Confirmed
Yen and Swiss Franc rise broadly today as global stock markets look set for a pull back after recent strong run. Major European indices are trading generally in red while US futures point to a lower open. On the other hand, commodity currencies are trading broadly lower, as led...
Yen Firm after Strong Rebound, Ignore Stocks Rally
Yen surges broadly this week and remains generally firm in Asian session. Pull back in treasury yield is seen as a factor driving the Yen higher. Yet, the lack of selling in Yen despite strong risk appetite, with NASDAQ extending record run, is something to note. it might be...
Yen Recovers While Yields Retreat, Dollar Softens
The forex markets are rather consolidative today as traders are waiting for the next direction. European and Asian stock display some mild strength but that is far from being impressive. US futures are also mixed as NASDAQ might has a little retreat before deciding to extend the record run....