Market sentiments have generally stabilized, with no further escalation in Middle East tensions so far. Asian stocks are trading generally higher. US indices closed with slight gains after reversing initial losses. Focus should now be turned back to economic...
European majors stage a strong come back today as supported by positive data. Germany investor confidence recorded a strong rebound while UK PMI services was revised up. On the other hand, despite continuous risk aversion on Middle East tensions,...
Middle East tensions continued to drive risk aversion in the markets as another week started. Stocks in Asia are generally in red, except in being mixed in China. Gold and oil price surge sharply on safe haven flows. Movements...
The financial markets took a roller-coaster ride as 2020 started with a bang. US stocks jumped to new record higher to celebrate new year. But sentiments took a great turn after abrupt escalation in Middle-East tensions. Safe-haven flows into...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks fell -2.89 mmb to 1267 mmb in the week ended December 27. Crude oil inventory slumped -11.46 mmb (consensus:...
Risk aversion is the dominant theme today, with deep selloff in global equity markets. Treasury yields took a dive while gold and oil prices surge. Sentiments are rocked by abrupt escalation in Middle East tensions, after US military had...
Re-escalation of geopolitical tensions in Iran lifted oil prices. The front-month WTI crude oil contract, rallying more than +3%, spiked to 63.4 at one point. The corresponding Brent contract, gaining about +3.5%, jumped to a 7- month high of...
Yen and Swiss Franc jump sharply as markets turned from strong risk appetite to risk aversion. Despite record closes in US stocks, Asian markets tumble on fresh geopolitical tensions in Middle East. Oil prices also skyrocket together with gold,...
Dollar started the first trading day of 2020 with mild recovery, as the year end selloff seems to have passed the climax temporarily. Though, Yen is currently even stronger. On the other hand, European majors are generally lower for...
As in last year, Chinese Yuan will remain directed by the US-China trade war in 2020. Although China’s economy continues to struggle and PBOC’s monetary policy is tilted to the accommodative side, CNY should stabilize against USD if trade...
Dollar remains soft in mixed, quiet market in Asia. Trading is subdued, on holiday mood, with no reaction to Chinese data, nor the surprised PBoC RRR cut. Calendar is light today too, with PMI manufacturing final reading from, Eurozone,...
Dollar selloff accelerates further as 2019 is heading to an end. The signing of US-China trade deal phase one should now be confirmed, but that provides little support to the greenback. Instead, Dollar dives through some key technical levels....
US-China trade war, Brexit drama and concerns over global economic slowdown have resulted in a volatile FX market for most of 2019. Risk aversion raised demand for safe-haven assets, such as Japanese yen. USDJPY declined to as low as...
Dollar's selloff continues on the last trading day of the year, while markets are rather mixed elsewhere. Australian Dollar is the strongest one for now, but it's followed by Japanese Yen. Meanwhile, New Zealand Dollar is the weakest one,...
According to the CFTC Commitments of Traders report for the week ended December 24. NET LENGTH for crude oil futures gained +13 700 contracts to 550 077 for the week. Speculative long positions added +13 189 contracts while shorts...
As suggested in the CFTC Commitments of Traders report in the week ended December 24. NET LENGTH in USD Index gained +1 535 contracts to 13 231. Speculative long positions added +990 contracts and short positions dropped -545 contracts....
Dollar remains the worst performing one today as focuses turned from geopolitical tensions to trade. Euro is following as the second weakest as earlier rally reverses. On the other hand, buying in New Zealand Dollar picks up, followed by...
Dollar trades generally lower as markets started another holiday shortened week quietly. With an empty calendar in Asia, focuses were mainly on geo-political news, which weren't very much market moving. For now, commodity currencies are the next weakest following...
Dollar's selloff continues today and is accelerating. Solid risk appetite isn't a friend of the greenback this time, nor the Yen which is the second weakest. Sterling is staging a strong rebound as it seems that recent pull back...
Commodity currencies are extending this week's rallies on strong risk appetite, with US stocks continuing record runs. Solid gains are also seen in oil price and gold. New Zealand and Australian Dollars are set to end as the strongest...