Tue, Aug 11, 2020 @ 07:06 GMT
Dollar stays steady in early US session after mixed non-farm payrolls report. Even though Canada reported a set of far more impressive data, USD/CAD is back into tight range after initial knee-jerk reactions. For now, Sterling is the strongest...
Opinion polls suggest that the upcoming US midterm elections, scheduled on November 6, would lead to a split Congress – Democrat regaining control of the House and Republic retaining majority of the Senate. Such outcome could lead to political...
Dollar firm up mildly together with Yen as markets await non-farm payroll report today. The greenback suffered brief setback overnight as traders turned a bit cautious ahead of job report. But Dollar quickly find footing from surging treasury yields....
Dollar retreats broadly in early US session as this week's rally lost some momentum. The greenback might need some help from tomorrow's non-farm payrolls report if it's to extend the rise. Still, Australian and New Zealand Dollar are the...
Dollar surged sharply overnight as boosted by hawkish Fedspeaks, strong rally in treasury yields as well as, solid services data. The greenback is paring some gains in Asian session, to Yen and Swiss Franc on risk aversion. But overall,...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products stocks jumped +7.96 mmb to 1248.71 mmb in the week ended September 28. Crude oil inventory rallied +7.98 mmb (consensus: +1.99 mmb)...
Dollar is back in control today and it's trading as the second strongest one in early US session, next to Sterling. Stronger than expected ADP employment report, which showed 230k growth in September, gives the greenback an extra push....
(Update: The Italian government has announced that it would now set the budget deficit targets to 2.4% of GDP for 2019, 2.1% for 2020 and 1.8% for 2021. Given short-lived and fractious nature of Italian government, we view these targets...
Euro recovers broadly today on new that the final version of Italy's budget could be less worse than originally reported. More details could be published today and we'll see how the common currency, as well as German and Italian...
Euro suffered heavy selling today as Italy and EU stepped up rhetorics on budget clashes. But even heavier selling is seen in Australian, New Zealand Dollar and Sterling. Steep decline in Hong Kong stocks hints that China markets will...
Canada and the US eventually reached a preliminary trade deal, named USMCA, just a few hours before the US-imposed negotiation deadline. Obviously, the market was thrilled by the “breakthrough”, evidenced by the rally of Canadian dollar and, to a...
Canadian Dollar remains firm on the USMCA trade deal but it's waiting for fresh stimulus to extend rally against Dollar and Yen. Australian Dollar is also steady after RBA stands pat and published a neutral statement as widely expected....
USD bulls lost ground as the greenback corrected from its peak. As suggested in the CFTC Commitments of Traders report in the week ended September 25, NET LENGTH of USD index dropped -447 contracts to 37 009 contracts. Both...
According to the CFTC Commitments of Traders report for the week ended September 25, traders turned more bullish on the energy market. NET LENGTH for crude oil, heating oil and gasoline futures rose, while NET SHORT for natural gas...
Canadian Dollar remains the strongest one today as boosted by the new trilateral USMCA trade deal with US and Mexico. Meanwhile, Sterling is shot up by news that UK Prime Minister Theresa May is ready to make a new...
Canadian Dollar surges broadly today as the an agreement, the USMCA is finally reached with the US to replace NAFTA. Riding on the last week's post GDP rally, the Loonie is enjoying strong bullish momentum. The USMCA news further...
Dollar rose broadly last week as markets received Fed's hawkish rate hike rather week, despite initial hesitation. However, the greenback was just the second strongest, overshadowed by Canadian Dollar. Stronger than expected GDP data from Canada solidify the case...
A long list of economic data are released today. But the main focus is on Italy. The coalition government's decision to target budget deficit at 2.4% of GDP for the next three years drew heavy criticism from EU. Also,...
The case for bullishness in Dollar continued to build up with yesterday's rally. The greenback is now the strongest one for the week followed by Sterling. In particular, USD/JPY's firm break of 113.17 resistance confirmed larger up trend resumption....
Dollar strengthens further and broadly, in early US session as post FOMC rally extends. As we aruged in prior report, there were hawkish elements in Fed's projections and overall announcement should be Dollar positive. Today's rally showed that this...
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