Euro is trading as one of the weakest major currencies, together with Canadian Dollar, for today. There is little inspiration from ECB rate decision and press conference. Canadian Dollar is weak on free fall in oil price, with WTI...
Australian Dollar rises broadly today as markets pare back bet on RBA rate cut in February, following better than expected job data. Though, upside is limited by risk aversion while Aussie is just following Yen as the second strongest....
While leaving the monetary policy unchanged at expected, BOC delivered a dovish tone at the accompanying statement. This raised hopes of a rate cut in coming months and sent the loonie lower. The central bank has turned less confident...
Sterling jumps broadly today as traders pare back bet on an imminent rate cut by BoE next week. Record improvement in quarterly business optimism is seen as a trigger for the sharp change in expectations. Canadian Dollar attempts to...
Yen and Swiss Franc turn mildly softer today as risk aversions receded. Asian stocks recover generally even though upside is limited. Traders remain cautious on coronavirus outbreak in China, which has already spread to the US. Sterling, Euro and...
Sterling and Euro rebound strongly today as lifted by solid economic data. But overall market sentiments remain weak concern of outbreak of coronavirus in China, ahead of lunar new year mass travel. Commodity currencies continue to trade as the...
Risk aversion dominates the Asian markets today on concerns of coronavirus outbreak in China. Hong Kong HSI leads the way down, additionally pressured by Moody's downgrade. In the currency markets, commodity currencies are broadly lower, with Australian Dollar suffering...
BOC is likely to leave the policy rate unchanged at 1.75% at the meeting this week. While several macroeconomic data released since the December meeting surprised to the downside, it could take a few more months to confirm the...
Dollar, Canadian and Yen are so far the strongest ones in a relatively quiet day. The greenback is supported by recent data as well as easing trade tension. But as the US economic calendar is ultra light this week,...
At the upcoming meeting, ECB members would likely acknowledge stabilization in the region’s economy, while reiterating accommodative monetary policy. The focus of the meeting would be the strategic review, the first assessment of the central bank’s monetary policy in...
The financial markets are generally steady in Asian session today. Dollar turns slightly softer against Euro and commodity currencies, but losses are so far limited. Though, Sterling is clearly weak as pressured by speculations of BoE rate cut. The...
As suggested in the CFTC Commitments of Traders report in the week ended January 14. NET LENGTH in USD Index added +795 contracts to 13 263. Speculative long positions gaomed +1 765 contracts and short positions added +970 contracts....
According to the CFTC Commitments of Traders report for the week ended January 14. NET LENGTH for crude oil futures declined -36 960 contracts to 530 312 for the week. Speculative long positions fell -28 565 contracts while shorts...
The completion of US-China trade deal phase one was well received by investors. There was an additional bonus of scrapping the label of China as currency manipulator by the US Treasury. The is no time frame for the phase...
Dollar strengthens broadly today but upside is somewhat limited by mixed US economic data. Canadian Dollar is following as the second strongest as oil prices recover mildly. On the other hand, both Swiss Franc and Euro are paring some...
Dollar is trading with a mildly firm tone in Asian session today, riding on solid data from US released overnight. But there is no clear committed buying seen yet. Meanwhile, Australian and Canadian Dollars both turned weaker but New...
Yen and Dollar trade broadly lower today while markets are having different reactions to US-China trade deal phase one, which was signed finally yesterday. Asian stocks were mixed while European stocks are soft. But US futures point to higher...
The US-China trade deal phase one was finally signed but market reactions were muted. US stock indices hit record highs but gains were limited. On the other hand, there were notable fund flows into bonds and Swiss Franc over...
Signing of the Phase I trade deal marks an end of the beginning the trade war between the US and China. While the deal covers various areas of great concerns to the US, including China’s imports of US goods...
Swiss Franc jumps broadly on political news from Russia today and takes the Euro higher. Yen follow as third strongest on risk aversion as European stocks also dive on the news. Sterling is among the weakest, following weaker than...