Wed, Jan 16, 2019 @ 03:57 GMT
Yen and Dollar are the strongest ones today as global stock markets are back in selloff mode. Sentiments turned sour after weaker than expected Chinese sales and production data. Adding to that, Eurozone came showed further decline in growth...
Asian stocks are under pressure today as weaker than expected data from China prompted growth worries. New Zealand and Australian Dollar are trading as the weakest ones for today. Sterling follows as the third weakest as UK Prime Minister...
It's a relatively calm day today despite all the high profile events. At the time of writing, Euro is trading as the weakest one after ECB delivered a dovish shift as expected. In short, 2019 growth and inflation forecasts...
Risk sentiments are rather firm in Asian markets as major indices opened up and are extending gains. UK Prime Minister Theresa May's survival of the leadership challenge is a positive factor. Also, progress and US-China trade talk is another...
The UK is in the center of focus again today. Now the time has come for a leadership challenge on UK Prime Minister Theresa May. Sterling gains a lot of round as it looks like May could survive this...
New Zealand and Australian Dollar are trading as the strongest ones today so far, following rebound in Asian stocks. Nevertheless, both currencies are generally limited below last week's highs, indicating unconvincing upside momentum for now. Indeed, sentiments did turn...
Risk appetite has a strong come back today on progress in US-China trade negotiations. It's reported that China is considering to response to Trump's request and cut auto tariffs down from 40% to 15%. Trump also tweeted that there...
Sterling tries to recover some ground in Asia, after yesterday's heavy selloff. But there is no sign of a turn a round in the Pound. The Brexit parliamentary vote is now called off and UK Prime Minister Theresa May...
Pound is at the center of focus today as it finally shows some commitment on the downside. The trigger of the selloff is report that UK Prime Minister Theresa May is going to call off tomorrow's Brexit parliamentary vote....
Asian stocks open the week lower, following Friday's selloff in the US. But the forex markets are pretty steady. Dollar is the weakest one for now, followed by Sterling and then Canadian. On the other hand, New Zealand Dollar...
It was another volatile week with multiple theme working on the markets. US-China trade truce, arrest of Chinese business executive, stock market routs, treasury yield free fall, US yield curve inversion, weak economic data and global slow down, OPEC+...
Dollar spikes lower in early US session after non-farm payroll report showed lower than expected job and wage growth. That adds to argument that the momentum US job growth has peaked. Nevertheless, there is no follow through selling in...
Risk sentiments generally stabilized after the late rebound in US stocks overnight. DOW hit as low as 24242.22 but closed at 24947.67. Down just -0.32%. S&P 500 also hit as low as 2621.53 but closed at 2695.95, down only...
Dollar softens mildly against European majors in early US session after weaker than expected job data. But risk aversion remains the overall theme of the market. Australian Dollar stays the weakest one, followed by Canadian and New Zealand Dollar....
Risk aversion intensifies in Asian session again. In particular, Hong Kong stocks lead the decline on news of arrest of Chinese tech giant Huawei's CFO Meng Wanzhou. The arrest is reported to be in relation to Huawei violating US...
Sterling stages a broad based rebound today despite poor PMI services data. The Pound is partly helped by technical support from GBP/USD (at 1.2661) and EUR/GBP (at 0.8939). Additionally, traders are probably reassessing Brexit scenarios. A tricky point is...
The US stock markets closed sharply lower overnight while treasury yields also dived. Such patterns continue in Asia, seeing major indices pressured while JGB year yields also drop. There are clear flows out of stocks into bonds. Fed has...
Dollar is under broad based selling pressure on falling treasury yields, globally. In particular, 10 year yield drops below 3% level for the first time since September. Canadian Dollar and Swiss Franc are following as the next weakest. On...
Yen jumps broadly today as Asian stocks weaken, moving past the positive catalyst of US-China trade truce quickly. Nikkei closed down -2.39%, more than enough to reverse Monday's 1.00% gain. Additionally, 10 year JGB yield is down is down...
The global financial markets are blessed by strong risk appetite today, as US and China agreed on 90 days ceasefire on trade war. US stock futures point to sharply higher open, following strengthen and European and Asian markets. Australian...
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