Fri, Aug 23, 2019 @ 15:28 GMT
Dollar and Yen trade broadly higher in early US session as investors turn cautious again. Minutes of September FOMC meeting where there was another 25bps hike would catch much attention. But we're not expecting anything dramatic from there. All...
US equities closed sharply higher overnight with DOW ended up 2.17%. Optimism carried on in early part of Asian session but couldn't persist. At the time of writing, China's Shanghai SSE reversed earlier gains and is trading down -0.8%,...
Sterling trades broadly higher today as boosted by stronger than expected wage growth data. While the gains are impressive, upside is limited against Dollar, Euro and Yen so far. UK Prime Minister Theresa May's fortunate in the EU summit...
New Zealand Dollar rises sharply and broadly today as boosted by consumer inflation data. Other than that the forex markets are pretty directionless. Despite being sold off yesterday after retail sales, Dollar recovers broadly today as corrective trading continues....
The RBA minutes for the October meeting reinforced its cautious stance on the monetary policy. With the cash rate unchanged at 1.5% for 24 consecutive months, the members have seen no urgency to make adjustment. While affirming the next...
Dollar is trading as the weakest one for today after it's rally attempt failed. Additional pressure i seen in early US session after retail sales miss. Tension between the US and Saudi Arabia and the risks of sanctions are...
USD rose against major currencies with the exception of JPY and GBP. As suggested in the CFTC Commitments of Traders report in the week ended October 9, NET LENGTH of USD index climbed slightly, by +673 contracts, to 37...
According to the CFTC Commitments of Traders report for the week ended October 9, traders turned less bullish on the energy market. NET LENGTH for crude oil, heating oil and gasoline futures dropped. Speculative long positions of crude oil...
Sterling is trading the the biggest loser today as it gapped down on negative Brexit news. It's getting unlikely to have breakthrough in the sticky issue of Irish border at the EU summit this week. Elsewhere risk aversion is...
Global stock market crashed last week as the US finally joined the others. It should be reminded that as DOW made record high in early October, all other major markets suffered selloff already. It's stretched to blame rising US...
Global equities rebound and are paring back some of this week's steep losses ahead of weekly close. Dollar is also recovering, in particular against Euro and Sterling. US Treasury Secretary Steven Mnuchin comment on Fed also helped give the...
While the US markets tumbled for another day overnight, Asian markets showed their own resilience and turned positive after initial pressure. Nikkei closed up 0.46% at 22694.66. Japanese 10 year JGB yield is also above 0.15 at 0.151, up...
After suffering yesterday's deeper selloff, there's hope for some stabilization and recovery in US stocks. Investors are cheering US CPI miss as DOW futures pare back some of earlier losses. The greenback, on the other hand, is suffering refreshed...
Asian markets are in crisis mode as dragged down by the stock market crash in the US over night. At the time of writing, Nikkei is down -970 pts or -4.13%. Singapore Strait Times is down -89.59 pts or...
Sterling continues show a lot of resilience today. In despite of weaker than expected August GDP report, as well as mixed productions data. the Pound manages to trade as the strongest one for today. Optimism on Brexit negotiation is...
As US-China trade war continues to evolve, the market is increasingly concerned over the pace of slowdown in China’s economic growth. Meanwhile, weakness in renminbi (China Yuan) has given more bullets for the White House to attack China and...
Dollar's pull back extends in Asian session today after yesterday's rally attempts failed. Retreat in treasury yields is a factor weighing down the greenback. The late rebound in Italian bond was another factor. Though, Yen is even weaker as...
Euro suffers heavy selling today as German-Italian yield spread widens further to above 310. It's clear that Italy is not doing to back down on its budget deficit plan despite strong criticism from EU. Besides, it would be facing...
The financial markets are mixed in Asia today as risk aversion seemed to have peaked for now. NASDAQ led US stocks decline overnight a hit as low as 7654.84 but closed down only -0.67% at 7735.95. S&P 500 also...
Yen surges broadly today as risk aversion dominates the markets. Italy is at the center of storm as yield spread with Germany stays above 300 alarming level, on concerns over budget deficit. Despite criticism from EU and risk of...
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