Markets to End With a Pessimistic Tone, Swiss Fran and Yen Firm
The markets are set to end the week with a pessimistic tone. Major European index are trading in deep red while US futures point to a weak open. In the currency markets, Swiss Franc is the strongest one for today, followed by Euro and then Yen. Aussie and Kiwi...
Yen Rises Again on Risk-Off Sentiment, Crypto Tumbles
Yen is regaining strength in Asian session today and sentiment turned risk-off again. In particular, selloff is particularly apparent in cryptocurrencies. Swiss Franc, Euro and Dollar are all ticking up slightly. On the other commodity currencies are under some pressure, with Aussie leading the way down. For the week,...
Dollar Softens after Poor Jobless Claims, Aussie Staying Strong
Dollar turns softer in early US session after much worse than expected jobless claims data. Euro is closely following as next weakest and then Swiss Franc. On the other hand, Australian Dollar is extending post-job data gains. Canadian Dollar is also firm on oil prices. Yen is mixed for...
Aussie Jumps on Strong Job Data, Euro Staying Weak
Australian Dollar rises broadly in Asian session today following much stronger than expected job data. Expectation for RBA tightening is increasing with calls for a hike as soon as in August. Canadian Dollar is also firm together with bullish strength in oil prices. As China's rate cut is lifting...
CAD Rises after Strong CPI, Dollar Retreats
Canadian Dollar jumps higher again after data should consumer inflation rose further to multi-decade high. On the other hand, Dollar is paring some gains as stock markets are trying to recover. As for the week so far, Euro remains the worst performing one. Sterling is next and will look...
Dollar Extending Rebound on Yields and Risk Aversion, Canadian Stronger
Dollar is trying to extend near term rebound with help from surging treasury yields and risk-off sentiments in stocks. But Canadian Dollar is still outshining slightly, as support by oil price rally. Aussie and Kiwi are soft, but selloffs are mainly centered around European majors. Euro is particularly weak...
Yen Reverses Losses on Risk-off Sentiment, Dollar Supported By Yields
Stocks markets are turning back into risk off mode with US futures pointing to sharply lower open. Yen managed to reverse earlier losses and trading generally higher. Canadian Dollar is also firm as supported by extended rally in oil prices. Dollar is following with some lift by rising treasury...
Dollar Surges on Rising Yield, Yen Dips after BoJ
Dollar is making a strong come back in Asian session today, as 10-year yield powers up to 1.85 level. Yen is under some selling pressure after BoJ stood pat as expected, and delivered little surprise other than upgrades in inflation forecasts. But Aussie and Kiwi are currently the weakest...
CAD Firm after Manufacturing Sales, Trading Generally Subdued
Canadian Dollar is trading as the strongest one for today, and remains firm after stronger than expected manufacturing sales data. Dollar is currently following, with help by rebound against Yen. Sterling is also slightly weaker, following Yen. Other currencies are mixed for now. Overall, trading is rather subdued with...
Yen Paring Some Gains in Quiet Asia
The markets are overall relatively quietly in Asian session today and trading could be subdued with US on holiday. Canadian Dollar is resilient with WTI oil staying firm at around 84 handle. Euro and Dollar are both strengthening notably. On the other hand, Yen, Aussie and Kiwi are softening....
Dollar Ignores Hawkish Fed, Yen and Loonie Surged
Strong US inflation reading and hawkish comments from Fed officials were the main theme in the markets last week. While much volatility was seen in the stock markets, major indexes remained rather resilient. Dollar got practically no support from expectation of three Fed hikes year this, and tumbled broadly....
Stocks Dive after Terrible US Retail Sales, Yen Powers Up
Overall risk sentiment turns sour again following terrible US retail sales data. DOW futures reverse early gains and turn deep red, pointing to a much lower open. Yen is powering up following risk-off sentiment while Aussie is now leading commodity currencies lower. At the same time, Dollar is turning...
Yen Rebounding on Weaker Risk Sentiment, Dollar Still Very Weak
Yen trades broadly higher in Asian session, following broad based weakness in the stock markets. Nevertheless, mild risk-off sentiment is providing no support to Dollar, nor the hawkish comments from Fed officials. Dollar remains the worst performing one for the week, followed by Swiss Franc. Yen is now the...
No End in Sight For Dollar’s Fall Despite Hawkish Fedspeaks
Dollar remains overwhelmingly the worst performer today, as selloff extends. There is little support from hawkish Fedspeaks, with some officials expressing openness to four rate hikes this year. Commodity currencies continue to be the biggest winners, as supported by resilient risk sentiment. In particular, US futures are pointing to...
Dollar Extending Selloff, Aussie Leads Commodity Currencies Higher
Dollar's post CPI selloff continues today and remains generally weak. For now, Swiss Franc is the second worst performer for the week, followed by Euro. Commodity currencies are the strongest, with Aussie overtaking Canadian. Sterling is mixed for now. Other markets are mixed for now, with Asian stocks lacking...
Dollar Tumbles Broadly as CPI Matched Expectations, Risk Cleared
Dollar tumbles broadly in early US session even though consumer inflation data hit multi-decade highs. The move could be seen as a result of clearing the risk of even worse inflation reading that could force Fed's hand. For now, Canadian Dollar is the strongest one as boosted by rally...
JPY Lower as Risk-On Sentiment Returns, CAD Follows Oil Up
Overall, Fed Chair Jerome Powell's renomination hearings seemed to be well received by the markets. US stocks closed broadly higher overnight, followed by rallies in Asian indexes. Yen and Dollar are both under some selling pressure today. On the other hand, commodity currencies are trading higher. In particular, Canadian...
Yen Softens Again on Positive Market Mood
Overall mood in the market is positive today, major European indexes and US futures trading up. The question is whether US stocks, in particular NASDAQ, could build on yesterday's strong rebound for some more gains. Benchmark treasury yields are firm globally. Gold and Silver also recover. In the currency...
Swiss Franc Down Broadly, Focus Turns to Fed Powell
Overall market sentiment is rather mixed for the moment. Despite the initial steep selloff overnight, major US indexes staged an impressive come back towards the end of the session. NASDAQ even eked out a slight gain. Gold is back above 1800 handle while Bitcoin appears to be supports by...
Yen Striking Back as Stocks Take a Dive
Yen rebounds notably as US futures take a dive just ahead of North American session, while European index also reverse earlier gains. While Dollar is dragged down by Yen, it's somewhat still resilient against others. Selling is mainly seen in Swiss Franc and, to a lesser extent, Euro. Commodity...