Sun, Feb 23, 2020 @ 16:58 GMT
Global financial markets are in mild risk averse mode today but movements are limited. Dollar is lifted by renewed buying in early US session, and it's extending recent rally against Euro and Canadian Dollar. Strength against other major currencies...
Asian markets trade mildly lower as China's coronavirus continues to spread. But losses in major indices are so far limited. In the currency markets, commodity currencies are trading to recovery some of last week's losses, together with Sterling. Yen...
Dollar ended last week as the strongest one as markets put China's coronavius behind. Instead, strong risk sentiments lifted major US indices to new record highs. Friday's pull back was likely due to pre-weekend profit taking only. Latest batch...
Dollar remains firm in early US session after strong headline NFP number. But there is no follow through buying for the moment. Risk appetite also recede mildly as market head towards weekly close. Over the week, Dollar remains the...
Dollar is trading with a firm tone as markets await non-farm payrolls report from the US. Bet on a Fed rate cut by June receded this week, currently a 36.6% as indicated by fed fund futures, as stocks extended...
Markets continue to stay in risk on mode today, with US futures point to more record highs. There is some lift by news that China will halve tariffs on some US imports. Also coronavirus continues to be off investors'...
Australian Dollar remains the strongest one for the week while markets are back in risk on mode. Fears over China's coronavirus seem to have subsided, with S&P 500 and NASDAQ new record highs. 10-year yield also staged a strong...
Dollar rises broadly in early US session after strong ADP employment data. But it's outshone by both Australian Dollar and Sterling. The Aussie is apparently helped by return of risk appetite as well as an RBA's governor that's comfortable...
The financial markets seem to have stabilized from coronavirus fears. Following the strong rebound in US stocks overnight, Asian indices are also trading generally higher. Yen and Swiss Franc continue to trade as two of the weakest for the...
Yen and Swiss Franc turn softer today as global markets rebound. China's coronavirus seems to be suddenly off investors mind, at least temporarily. Meanwhile, Australian Dollar is the strongest one for today, as partly supported by RBA's hold, as...
Australian Dollar recovers broadly today after RBA stands pat. More importantly, the central bank gives no hint of an imminent rate cut in the accompanying statement. It actually sounds quite comfortable with the current policy. Markets are relatively mixed...
Focuses in the forex markets turned temporarily from China's coronavirus outbreak to Brexit. Both EU and UK expressed strong positions regarding up coming trade negotiations. Their stance reminds traders that risk of cliff-edge Brexit by year end remains. Sterling...
Risk aversion continues in Asian session as China's coronavirus outbreak continues to worsen. The Shanghai SSE is currently down -8.13%, catching up with others as it's back from holiday. Nikkei is down -1.10%. Singapore Strait Times is down -1.07%....
Fear of China's coronavirus outbreak was the major theme in the global markets last week. At the time of writing, number of confirmed cases were close to 12000. While the majority of the infected in China, the virus has...
Dollar turns slightly weaker in early US session as core PCE inflation data stayed well below Fed's target. Nevertheless, as risk aversion remains in the markets, commodity currencies continue to be the weakest ones. Sterling continues to rise on...
Sterling remains firm today and continues to trade as one of the strongest after yesterday's BoE hold. Yen and Swiss Franc turn mildly softer but stay as two of the strongest too, on risk aversion. Commodity currencies turned mix,...
Sterling surges broadly today after BoE left interest rates unchanged at 0.75%. Only two policymakers, the usual ones, voted for a cut, without additional dove. Swiss Franc and Yen follow as next strongest on coronavirus fears. An Italian cruise...
Risk aversion is back in the markets after taking a breather yesterday, as there remains no sign of containment of China's coronavirus. Yen and Swiss Franc are the strongest ones today, with Yen pressing this week's high against other...
While risk sentiments stabilize today, there is no clear momentum of any meaningful recovery in global stock markets. Investors remain on guard against new developments of China's coronavirus outbreak, which confirmed cases exceed 2003's SARS already. Yen and Dollar...
Sentiments continue to be relatively stable in Asian session today. Hong Kong stocks are back from holiday and tumble sharply. But Nikkei and Singapore Strait times are having mild recovery. Gold is back below 1570 level and WTI crude...
- advertisement -