Dollar rises broadly in rather quiet markets today. Consumer inflation data from the US is supporting the greenback's firmness, but provides not further lift. Indeed, Swiss Franc is even stronger, as the best performing one today so far. China...
China’s foreign trade surprised to the upside in December. Exports rose +7.6% y/y in the last month of 2019, compared with consensus of +2.9%. Meanwhile, imports jumped +13.6% y/y, beating expectations of +9.6%. Both outbound and inbound shipment improved...
Yen weakens broadly today as markets are generally in risk on mode. US stocks rose broadly overnight with S&P 500 and NASDAQ closing at record highs. Sentiments were lifted as US scrapped labeling of China as currency manipulator, just...
Sterling is sold off broadly today as poor GDP data added to the case of BoE rate cut. Recent comments from BoE officials already suggested that they're open to easing if data don't show improvement. The Pound will face...
Asian markets are generally in risk on mode today as traders await signing of US-China trade deal phase one. Commodity currencies strengthen with Australian Dollar leading the way up. On the other hand, Sterling is currently the weakest one...
As suggested in the CFTC Commitments of Traders report in the week ended January 7. NET LENGTH in USD Index added +414 contracts to 12 468. Speculative long positions dropped -1 120 contracts and short positions fell -1 534...
According to the CFTC Commitments of Traders report for the week ended January 7. NET LENGTH for crude oil futures rose + 12 415 contracts to 567 272 for the week. Speculative long positions gained +12 161 contracts while...
After some jitters on Iran tensions, Dollar ended up as the strongest one last week. Strong stocks and steady yields provided some support to the greenback. Fed officials also reaffirmed the base stance to stand pat this year. US...
Dollar retreats mildly in early US session after non-farm payroll reports missed market expectation. But loss is limited as the set of data was decent even thought not spectacular. Indeed, there is prospect of more Dollar rally once the...
Markets are somewhat staying in risk on mode with US stock indices making new record highs overnight. But upside momentum in Asia markets is relatively weak. Australian and New Zealand Dollars are mildly firmer today, paring some of this...
Markets are generally back on risk on mode today as the concerns of US-Iran tensions faded. Also, it's finally confirmed that Chinese Vice Premier Liu He will travel to the US for signing the trade deal phase one. Dollar...
Yen and Swiss Franc weakened notably as imminent US-Iran war receded. Canadian Dollar also turned slightly softer as oil prices reversed this week's gains. Dollar is currently trying to ride on the development to extend recent rebound. But the...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks surged +14.77 mmb to 1287.84 mmb in the week ended January 3. Crude oil inventory gained +1.16 mmb (consensus:...
Dollar rebounds strongly as risk of imminent escalation in US-Iran tensions seem to have eased. It's reported there was no casualties caused by Iran's retaliation strikes against US forces in Iraq. The greenback is additionally supported by strong ADP...
Geopolitical tensions in Iran continue to evolve. The latest development is that Iran has launched over a dozen missiles at Iraqi bases hosting US and coalition troops. The Islamic Revolutionary Guard Corps (IRGC) announced in a statement that the...
Dollar turns slightly softer, broadly, as Middle East tensions escalated after Iran's strike against US forces in Iraq. But loss is so far limited after President Donald Trump's refrained response. Markets generally calmed down for now, awaiting Trump's statement...
According to the CFTC Commitments of Traders report for the week ended December 31. NET LENGTH for crude oil futures gained +4 780 contracts to 554 857 for the week. Speculative long positions added +1 546 contracts while shorts...
As suggested in the CFTC Commitments of Traders report in the week ended December 31. NET LENGTH in USD Index dropped -1 177 contracts to 12 054. Speculative long positions added +907 contracts and short positions added +2 084...
Dollar is trading generally higher today and Middle East tensions seem to be out of traders' mind already, without any new developments. Instead, markets are focusing back on fundamentals and central bank expectations. Thus, Australian and New Zealand Dollars...
As the world’s largest reserve currency, movement of US dollar reflects its two roles. First, the strength of USD reflects the well being of the domestic economic developments. The greenback rises against other currencies if US’ economy is expected...