Mon, Nov 18, 2019 @ 06:47 GMT
Canadian Dollar rises slightly higher after Prime Minister Justin Trudeau cling on to power following election wing. His Liberal Party had won, or were leading in 155 out of 338 seats in the parliament. That was short of the...
Yen trades broadly lower today, following rally in treasury major global treasury yields. Investors are generally optimistic that, despite all the obstacles, UK Prime Minister Boris Johnson is able to deliver orderly Brexit eventually. Comments from China and US...
Sterling opens the week mildly lower as Brexit uncertainty is dragging on. Nevertheless, selling pressure is weak so far because there is still enough time for the Commons to ratify the Brexit deal to even avoid another extension. At...
Sterling surged broadly last week after as UK Prime Minister Boris Johnson struck a new deal with EU on Brexit. It appeared that UK was on track to leave EU on October 31 in an orderly way. The development...
Sterling remains steady today as traders are all holding their bets ahead of tomorrow's crucial vote on the new Brexit withdrawal agreement. Canadian Dollar follows as second weakest as oil price recovery cannot gather momentum. On the other hand,...
Australian and New Zealand Dollar are slightly firmer in Asian session today despite Chinese GDP miss. The stronger than expected industrial production growth ease some concerns over worse slowdown in Q4. Meanwhile, Sterling continues to consolidation in tight range,...
Sterling is having a roller-coaster ride today. It's firstly boosted by news that EU and UK has finally agreed to a new Brexit deal. However, the Pound was then quickly knocked down as Northern Ireland's DUP expressed rejection to...
Australian Dollar rises broadly today as dip in unemployment rate should significantly lower the chance of another imminent RBA rate cut next month. Though, upside is so far limited as the central bank is still on easing course. Sterling...
Sterling is attempting to resume recent rally even though there is no clear break through in Brexit negotiations yet. European Council President Donald Tusk said it may take another seven to eight hours before knowing when Brexit may happen....
Pound stays generally firm in Asian session after yesterday's rally. UK and EU are getting closer to a Brexit deal and further progress could give Sterling another punch above. As for today, Yen and Swiss Franc are mildly firmer...
Commodity currencies are generally softer today, as led by New Zealand Dollar. Euro also turned softer despite slightly better than expected German ZEW economic sentiment. US-China trade deal appears to be in question again, but reactions are so far...
The forex markets are staying in tight range in Asian session today. More clarity is needed regarding two of the biggest global risks, before traders commit more. It's unlikely for a Brexit deal to be reached at the EU...
Yen, Swiss Franc and Dollar continue to regain some grounds today as markets reassess US-China trade negotiations developments. New Zealand Dollar, Sterling and Australian Dollar are generally softer too. But overall trading is rather subdued with Japan, US and...
Asian markets opened higher but there is no clear follow through buying so far. Investors are cautiously assessing the overall developments. Nothing is done until everything is done. Even if, unlike last time, China puts all agreed into texts,...
Global markets were boosted strongly last week as there seemed to be resolution to two major risks finally. UK and Ireland appeared to have found the "pathway" to avoid no-deal Brexit. Meanwhile, US and China agreed an interim trade...
Sterling is overwhelmingly the strongest one on optimism that UK will finally reach a deal with EU for an orderly Brexit. EU Chief Brexit negotiator Michel Barnier is said to be given greenlight for tunnel discussions, paving the way...
Sentiments had a drastic turn yesterday as both Brexit and US-China trade talks appeared to show some lights. Sterling rebounded strongly on hope there would finally be a deal to orderly Brexit on October 31. The Pound is set...
Dollar and Yen are generally softer today following notable rebound in German and US treasury yields. ECB meeting accounts confirmed the divided opinion among policy makers on the stimulus package, in particular QE. That gives a strong support in...
Overall, the forex markets remain generally quiet in very tight range. Australian dollar edged higher in Asian session as lifted by stronger than expected consumer inflation expectations. Yet, there was on follow through buying. Yen and Dollar are both...
Consolidative trading continues in the financial markets. US futures point to recovery despite uncertainties over US-China trade talks. Yet, markets are just paring some of yesterday's losses. The currency markets are also generally bounded inside yesterday's range. Dollar is...
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