Market Overview
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....
Risk Rally Pauses in Asia, Forex Markets Await Next Move
Asian markets are relatively quiet as another week starts. There is no follow through from Friday's strong rally in the US. Trade data from China released over the weekend also provide little inspirations. There is also practically no reaction to the massive global "Black Lives Matter" protests, nor intensifying...
Investors in Euphoria, Betting on a V-Shaped Recovery
The global financial markets were basically in euphoria last week. Lockdown restrictions continued to be eased. ECB provided more stimulus by expanding the crisis purchase program. Surprised growth in US and Canadian employment in May argue that the worst of coronavirus pandemic is already behind us. More importantly, investors...
Dollar Trying a Rebound as NFP Grew in May, Yen and Franc Weaken
Dollar attempts to rebound after non-farm payroll employment unexpectedly rebounded while unemployment rate fell. But strength is mainly centered against Yen, Swiss Franc, and to a lesser extent Euro. Commodity currencies continue to be the strongest ones, together with Sterling. Canadian Dollar also firms up on job growth but...
Dollar Stays Weak as Risk Takes a Breather, NFP Unlikely to Rescue
Dollar and Yen remain the overwhelmingly weakest ones for the week even though risk appetite seems to be taking a breather again. In particular, the greenback suffered steep selling after Euro bulls cheered ECB's PEPP expansion. The common currency is one of the strongest one this week, just next...
Euro Welcomes ECB’s PEPP Expansion, Resuming Rally
Euro strengthens again after ECB announced expansion of its crisis asset purchase program PEPP. Euro is also taking Swiss Franc mildly higher too. On the other hand, Sterling is the weakest one as pressured by the selloff against Euro. Canadian Dollar is following as the second weakest for the...
Euro Softens as Markets Await ECB, Dollar in Weak Recovery
Dollar recovers mildly in general as recent selloff is losing some momentum. The recovery is also accompanied by mild retreat in Euro as well as some weakness in Gold. Though, the strength of Dollar's recovery is far from being strong enough to warrant short term bottoming yet. As for...