Market Overview
Selloff in Asia Intensifies, Aussie and Kiwi Accelerate Down
New Zealand and Australian Dollar accelerates lower today as selloff in Asian stocks intensify. The development came on renewed concern over the third wave of coronavirus infections in Europe and return to lockdown. News regarding vaccines were also negative, as Hong Kong temporarily suspended Pfizer/BioNTech vaccination. Technically, Hong Kong...
Yen Rally Accelerates As Selloff in Commodity Currencies Intensifies
Yen buying accelerates today as selloff in commodity currencies intensified. New Zealand Dollar is trading as the worst, by some distance, followed by Aussie. Canadian Dollar is dragged down by decline in oil prices, while Sterling is also pressured after poor job data. On the other hand, Dollar is...
AUD and NZD Tumble Following Risk Aversion in Hong Kong and China
Commodity currencies are generally weak in Asian session, together with Sterling. Stocks in Hong Kong and China are reacting negatively to joint sanctions by EU, UK, Canada and US over China's genocidal treatments of Uyghurs in the Xinjiang region. EU's action is seen as significant turning point in the...
Euro and Swiss Franc Mildly Higher in Mixed Markets
The financial markets are generally mixed with subdued trading today. Nikkei did had a bad day, but the selloff didn't spread to other markets. European indices and US futures are mixed while Germany and US benchmark yields are mildly lower. As for currencies, Aussie and Sterling are currently the...
Yen Mildly Higher While Nikkei Tumbles, SNB a Focus in the Week
Nikkei trades sharply lower today as selloff continues after BoJ decide to exclude Nikkei-linked ETF from its purchases. Though, Topix is also trading down deeply. The Japanese markets are weighed down by news that a fire-damaged automotive semiconductor plant is going to take at least a month to restart....
Sentiments Turned Cautious on Yields and Infections, But Stay Positive
US treasury yield jumped last week after Fed gave way to more yield strength. In the background, there were some concerns over resurgence of coronavirus infections in some countries like France, Brazil and India. There was also risk of slower than originally expected vaccine rollouts. Tensions between US China...
Dollar and Yen Firm as Investors Stay Cautious
Dollar is generally firmer as markets enter into US session. Futures point to a flat open, but investors are clearly on guard of selloff before the weekend. Cautiousness is keeping Yen afloat too, even though Swiss Franc is lagging behind. As for today, Sterling is the worst performing one,...
Yields Rise, Stocks and Oil Plunge, Yen Shrugs BoJ
Renewed surge in US treasury yields overnight sent stocks lower. Risk-off sentiments continued in Asian session general. Australian Dollar is currently the worst performing one for the day, weighed down further by weak retail sales data. Canadian Dollar is following as second weakest, as oil priced tumbled. Swiss Franc,...
Sentiments Weighed Down by Unstoppable Yields, Dollar Recovers
Sentiments appear to be weighed down by the upstoppable rally in treasury yields again today. At the time of writing, US 10-year yield is trading above 1.75 handle while Germany 10-year bund yield is at -0.25. US futures point to lower open, with weakness seen particular in NASDAQ again....
Dollar Falls on Risk-On Sentiment after FOMC, Aussie Powers Up on Job Data
Dollar dropped broadly overnight as markets turned into mild risk-mode following FOMC rate decision. A better economic outlook was painted by the new economic projections. Yet, Fed is clear that it's not even considering tapering the asset purchases for now. DOW and S&P 500 rose to new record while...
Dollar Steady, Yields Impatient ahead of FOMC
The markets remain generally quiet today, awaiting FOMC rate decision. Sterling regains much of the ground lost earlier in the week. Canadian Dollar is also firm, in particular against other commodity currencies. On the other hand, Swiss Franc is paring some of yesterday's gains, while Aussie and Kiwi turn...
Dollar Holding in Range, FOMC Awaited
The markets continues to trade in non-committal way as traders await Fed's comments on treasury yields. Swiss Franc is currently the strongest one for the week, thanks to yesterday's rally. But there is no follow through buying so far. Canadian Dollar is following closely as the second strongest. Euro,...
Yen and Swiss Rebound, Sterling Decline Fades Quickly
There isn't really a clear direction in the currency markets today. Sterling's selloff in European session quickly faded. Focus is turning to Yen and Swiss Franc rebound in early US session. Weakness in treasury yield is a factor driving the changes. Japan 10-year JGB yield closed back blow 0.1%...
Sterling Dips Against Euro and Swiss, S&P 500 Hit New Record
Markets remain cautious overall. While DOW and S&P 500 hit new record highs overnight, the gains were just modest. Gold and WTI oil are also both stuck in tight range, awaiting breakout. In the currency markets, Sterling is apparently under some pressure from cross selling against other European majors....
Canadian Dollar Strong in Subdued Markets, Yen Weak
Trading is generally subdued in the markets today. European indices are stuck in very tight range while US futures point to slightly higher open. Both gold and oil are bounded in consolidative trading. Bitcoin was short to new record high but quickly reversed. In the currency markets, New Zealand...
Yen Soft in Mixed Markets, Strong China Data Shrugged
The markets are generally mixed in Asian session today. Strong data from China were shrugged by investors in general. Instead, sentiment is a bit cautious ahead of the highly anticipated FOMC meeting in the middle of the week. Yen is trading as the weakest for now, followed by Aussie...
DOW, SPX and DAX Hit Records While US Yield Surged, CAD Shone
Global equities struck a strong note in ending last week, with help from fresh US stimulus and ECB's pledge to accelerate asset purchases. Yen, Dollar and Swiss Franc ended as the worst performing ones. Canadian Dollar was the strongest on the back of risk-on sentiment, while additional supported up...
Canadian Dollar Jumps on Strong Job Data, Dollar Rebounds With Yields
Dollar rebounds broadly again today as markets are unsettled by renewed strength in treasury yield. At the time of writing, US 10-year yield is back pressing 1.6 handle. DOW future is trading mildly higher, but NASDAQ futures is down -1.3%. Though, Canadian Dollar is even stronger as lifted by...
Sterling and Aussie Rise as Risk-On Sentiment is Back
Sterling and commodity currencies are back in driving seat on positive market sentiments. Nikkei rises sharply in Asian session, following another record close in DOW overnight. Treasury yields also appear to have settled in range after this week's central bank rhetorics. For now, Yen is the worst performing for...
Euro Mildly Softer after ECB, But Dollar and Yen Even Weaker
Euro softens mildly after ECB announced to speed up PEPP purchases in the next quarter. But loss is relatively limited as the overall envelop was kept unchanged. Dollar and Yen are currently the worst performing one for today, on the back of risk-on sentiments. Commodity currencies are currently the...