Dollar Ends Mixed as AI Bubble Fears, US Shutdown, and Tariff Court Case Collide
It was another volatile week in global markets, defined less by fresh data and more by the growing weight of unresolved macro risks. With the U.S. government still in shutdown and a raft of key economic reports missing, investors were left to trade sentiment rather than facts — and...
Loonie Lifts on Strong Jobs Data as Global Risk Mood Stays Sour
Canadian Dollar firmed sharply in early U.S. session after a surprisingly strong set of October employment figures. While the gains were largely driven by part-time positions, the sheer magnitude of the increase — a second consecutive month of robust job creation — underscores that momentum is returning to the...
Risk-Off Reigns: Tech Selloff, China Trade Miss, and U.S. Layoffs Hit Sentiment
Global markets turned defensive again as risk aversion returned, led by a renewed wave of selling in technology shares. The U.S. tech rout, which rattled Wall Street overnight, spread to Asia, triggering broad weakness across regional equity markets. Japan was hit especially hard, with SoftBank and semiconductor names leading...
Sterling Slightly Firmer After Tight BoE Hold; Dollar Eases Broadly
Sterling traded mildly higher following the BoE’s decision to keep interest rates unchanged at 4.00% in a tight 5–4 vote. Overall market reaction was modest as the Pound gained slightly against the Dollar but lacked strong momentum, as traders viewed the decision and accompanying remarks as broadly balanced.
At the...
BoE in Focus; US Yields Keep Dollar Firm
Market sentiment showed further signs of stabilization today, with Asian equities trading higher after a modest rebound on Wall Street overnight. The sharp AI-driven selloff earlier in the week appears to have passed its initial climax. Still, the recovery remains tentative, suggesting that investors are reluctant to rebuild large...
Muted Market Reaction After ADP; Risk Tone Steadies but Caution Persists
The latest ADP private employment report provided a modest dose of reassurance to the Fed, showing that U.S. job growth may be stabilizing after a period of softness. Following the data, Fed funds futures reflected roughly 70% chance of a December rate cut, up slightly from last week but...
AI Selloff Sparks Global Risk Rout; Yen and Dollar Stay Firm
Global markets tumbled on Wednesday as a renewed selloff in AI-linked stocks spread from Wall Street to Asia, driving a wave of risk aversion across assets. Nikkei and Kospi each fell nearly 3%, echoing the overnight decline in NASDAQ, which lost more than 2% as investors unwound positions in...
Risk-Off Tone Lifts Yen, Dollar; Kiwi Soft Before Jobs Report
Global markets traded with a mild risk-off tone today as investors favored defensive plays. With no major data releases scheduled, sentiment rather than fundamentals set the tone, pushing the Japanese Yen to the top of the performance board while the Australian and New Zealand Dollars lagged.
Yen’s strength was also...
Aussie Mildly Lower After RBA Hold; Yen Firms on Fresh Verbal Intervention
Australian Dollar traded mildly lower after the RBA left its cash rate unchanged at 3.60%, a move fully expected by markets. The policy hold came with few surprises, and the key takeaway was that the RBA’s updated forecasts signal no further rate cuts this year, reflecting a sharper upward...
Dollar Extends Gains as Markets Dismiss Dovish Fed Remarks, RBA in Focus Next
Dollar climbed across the board today, defying dovish rhetoric from Fed Governor Stephen Miran. The greenback's resilience suggests that Miran's influence on expectations is limited, with investors noting that he represents the dovish edge of a divided policy spectrum.
The broader committee remains split. Kansas City Fed President Jeffrey Schmid...
ISM Manufacturing to Steer Sentiment Before RBA, BoE Meetings
Trading was subdued in Asia today, with Japan closed for a public holiday and investors awaiting a series of major events later in the week. Aussie led mild gains, supported by positioning for a hawkish hold from the RBA on Tuesday. The British Pound, by contrast, stayed on the...
Dollar and Yields Rise Sharply After Fed, But Both Near Key Barriers Ahead
It was a week packed with market-moving headlines and wild cross-asset swings. Traders found themselves caught between optimism over a U.S.–China trade breakthrough and caution sparked by a hawkish twist from the Fed. The result was a volatile mix that saw US equities push to new records, yields jump,...
Dollar Extends Rally as Fed Hawks Push Back on Rate Cut
Dollar’s rally gained momentum as markets headed into the final U.S. session of both the week and the month, supported by a fresh round of hawkish remarks from Fed officials. After a few days dominated by post-FOMC positioning, the greenback found renewed strength as investors reconsidered the likelihood of...
Asian Sentiment Split as Japan and Korea Surge, China Lags on Weak PMI
Risk sentiment was mixed across Asian markets today, with Japan and South Korea extending record-breaking rallies while Chinese and Hong Kong stocks to underperformed. Nikkei 225 surged past the 52,000 mark for the first time, driven by strong momentum in the technology sector. Gains were led by heavyweight semiconductor...
Dollar Rises Along with Yields as Fed Expectations Adjustment Continues
Dollar extended its rebound as North American trading got underway, gaining further momentum following Wednesday’s hawkish Fed rate cut. The greenback’s strength came as markets continued to digest the Fed’s divided decision and Chair Jerome Powell’s pushback against expectations for another cut in December.
U.S. Treasury yields also climbed, with...
Dollar Rebounds on Hawkish Fed Cut, Momentum Capped by Trade Optimism
Dollar tried to rebound overnight after markets pared back expectations for a December Fed rate cut, but momentum faded quickly in Asia. Optimism over a thaw in U.S.–China relations quickly reversed the rally attempt.
Fed’s three-way split decision to cut the federal funds rate by 25bps to 3.75–4.00% was interpreted...
Canadian Dollar Jumps as BoC Declares Policy ‘About Right’ After Cut
Canadian Dollar climbed after the BoC lowered its overnight rate to 2.25% and signaled that policy is likely now at its terminal level. The bank’s statement that rates are “about the right level” if the outlook unfolds as expected was interpreted as a clear end-of-cycle message. The message was...
Volatility Surges as Central Bank Bonanza Starts; BoC and Fed to Cut Today
Volatility picked up sharply as markets entered the first leg of a two-day central bank bonanza, with the BoC and the Fed set to announce policy decisions today, followed by the BoJ and European ECB tomorrow. Traders are bracing for a flurry of rate moves, guidance shifts, and potential...
Sterling Sinks on UK Fiscal Shock; Aussie Steady Ahead of CPI
Sterling tumbled sharply today, hitting its lowest level against Euro in nearly a year as renewed fiscal concerns dominated sentiment. The selloff followed reports from the Financial Times that UK Chancellor Rachel Reeves will face a deeper-than-expected deterioration in the UK’s public finances, delivering an early setback ahead of...
Smooth Trump–Takaichi Meeting Triggers Profit Taking in Nikkei and Yen Shorts
Yen rebounded notably today while Nikkei 225 cooled from its record highs, as investors took profits following a smooth meeting between U.S. President Donald Trump and Japan’s new Prime Minister Sanae Takaichi. The summit concluded with the signing of two new agreements that reaffirm the deep strategic and economic...