Tue, May 18, 2021 @ 23:52 GMT
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Market Overview

Euro Mildly Higher after ECB, But No Upside Breakout Yet

Euro rises mildly after ECB President Christine Lagarde sounded cautiously upbeat in the post-meeting press conference. Yet, there is no clear follow through buying for an upside breakout yet. Dollar is also not much supported by better than expected jobless claims data. The more notable movement today is the...

Euro Mixed Ahead of ECB, Dollar Sellers Await Stock Rally

Canadian Dollar surges broadly overnight after BoC's hawkish tapering. Yet, it's currently still one of the weakest for the week together with Dollar. The post-meeting buying was not enough to turn the Loonie into black against others yet. As for today, markets are rather quiet so far. US stocks...

Dollar and Yen Fail to Extend Rebound in Mixed Markets

The financial markets are trading in mixed mode today. European stock indices are mixed while US futures point to slightly lower open. Sentiments are slightly on the risk-off side on coronavirus concerns, but selloff is so far relatively shallow. There is also no clear momentum for Yen and Dollar...

Yen Rebounds as Risk Markets Correct, Canadian Dollar Weak Ahead of BoC

Yen rebounds notably overnight, following the pull back in stocks. Market sentiment was weighed down by renewed concerns over coronavirus infections, which also dragged down oil prices. Dollar also followed and recovered. On the other hand, commodity currencies reversed their earlier gains. Overall, Yen is currently the strongest for...

Risk Markets Consolidate on Pandemic Concerns, Dollar Recovering Mildly But Stays Weak

Some renewed concerns over global spread of coronavirus appears to be putting risk-on rally to a halt. In Japan, Tokyo Governor is seeking the government o declare a state of emergence to curb the infections ahead of the Olympics that just three months away. Situation in some countries like...

Sterling Firm ahead of Job Data, Dollar and Yen Pressured

Sterling stays firm in Asian session today, but remains the strongest one for the week so far. The Pound will look into UK job data for inspiration for further rally. Meanwhile, Dollar and Canadian remain the weakest ones for now. As near term bearishness in the greenback is pretty...

Dollar Selloff Resumes and Accelerates, Sterling Gaining Most For Now

Euro finally breaks through 1.2 handle against Dollar, as the greenback's selloff resumes today and accelerates broadly. Nevertheless, Euro is overwhelmed by others, in particular Sterling, which is the strongest for now, followed by Swiss Franc. Commodity currencies are somewhat lagging behind too, partly as they're facing some pressure...

Euro Falls in Crosses, Yen Bounces on Strong Export Data

Yen bounces broadly in Asian session session today, after Japan reported solid trade data. Sterling is currently following as second strongest, then Aussie. On the other hand, Euro weakens in general, dragging down the Swiss Franc too. The developments came as Sterling is reversing recent decline against other European...

Pull Back in Treasury Yields Boosted Stocks to New Record, Dollar Set Up for More Downside

Dollar tumbled broadly again as falling treasury yield pushed US and German stocks to new record highs. Near term trend in the greenback should have reversed, but it's unsure whether it's ready for medium term down trend resumption yet. At least, EUR/USD will have to break through 1.2 handle...

Dollar Edges Lower in Quiet Trading, Gold Extends Rally

Dollar edges lower today but there is no follow through selling so far, in quiet markets. Still, the greenback is set to end the week as the worst performer, followed by Canadian and Swiss Franc. Sterling dipped notably earlier today but quickly recovered. Australian and New Zealand Dollar are...

Falling Yields Boosts Stocks and Sentiments, Dollar in Consolidations

Sharp decline in US treasury yields overnight boosted DOW and S&P 500 to new record highs. Positive sentiments also somewhat carried on in Asian session today, as supported by solid data from China. The forex markets are quiets, however. Dollar is recovering some of this week's losses, but remains...

Strong US Data Boosts Futures, But Dollar Has Little Reaction

A batch of very strong US economic data shoots DOW futures sharply higher ahead of open. Retreat in 10-year yield is also helping sentiments mildly. But Dollar is having little reaction so far, except recovery mildly against Euro and Swiss Franc. Australian Dollar is now the strongest one for...

Dollar Taking a Breather as EUR/USD Presses Near Term Resistance

The forex markets turned mixed in Asian session. Dollar is taking a breather after yesterday's selloff, but remains the worst performing one for the week. Australian Dollar retreats mildly after strong employment data. But the Aussie is still the second strongest for the week, just after New Zealand Dollar....

Swiss Franc Weakens With Dollar, Aussie and Kiwi Firm

The financial markets are generally steady today, as European indices are mixed in tight range. US futures point to slightly higher open, as S&P 500 could extend record run. Gold and oil are both still range bound. In the currency markets, Aussie and Kiwi continue to trade as the...

Dollar Selling Taking Off, Aussie and Kiwi Strong

Dollar remains generally pressured in Asian session, as selling appeared to have taken off overnight. J&J's vaccine saga is raising some concerns that it would take longer for US to achieve herd immunity. Or, at least, it's not brightening the outlook. On the other hand, New Zealand Dollar jumps...

Dollar and Stocks Lower on J&J Vaccine Pause, Euro Rises

Dollar trades mildly lower entering into US session, after US FDA and CDC recommend pause of J&J COVID-19 vaccines on blood clot issue. DOW futures also turn south and point to slightly lower open. Meanwhile, UK Prime Minister Boris Johnson also warned that the fall in infections was due...

Yen Softens in Quiet, Directionless Markets, Dollar Regains Ground

The forex markets are generally quite and directionless for the time being. After very brief selloff yesterday, Dollar is regaining some ground in Asian session today. Sterling is mildly firmer too, but there is no follow through buying. Yen is currently the weaker one together with Swiss Franc and...

Dollar Softens ahead of Treasury Auctions, Sterling Staging Strong Recovery

Dollar turns softer entering into US session, as traders await the results of auctions of both 3- and 10-year bonds, worth USD 96B in total. Additionally, there will be auction of USD 24B of 30-year bonds tomorrow, and a total of USD 151B in bills this week. It should...

Dollar and Yen Higher on Mild Risk-Off Sentiment, Kiwi Up ahead of RBNZ

Dollar and Yen trade slightly higher on mild risk-off sentiment in Asia. Australian and Canadian Dollar are the weaker ones for the time being. But overall, most major pairs and crosses are stuck in range. Except that, some extra strengthen is seen in Kiwi against Aussie. Kiwi could be...

Euro Reversed Course on Less Pessimistic European Outlook, Commodity Currencies Ignored Risk Rallies

Swiss Franc and Euro ended as the strongest ones last week, as investors reversed their short positions accumulated in Q1. In particular, such reversals pushed Sterling to be the worst performing one, suffering heavy pressure against both Euro and Franc. The outlook for European looked a bit less pessimistic...