Wed, Aug 12, 2020 @ 21:47 GMT
Dollar is having another rally attempt today and appears to be making some progress, at least against the relatively weaker Sterling. At this point, Swiss Franc is the strongest one, followed by the greenback. Australian Dollar is also firm...
Dollar turns soft again after momentum for rebound faded quickly. Euro and Swiss Franc are back in control even though they're still generally range bound. Australian Dollar is following closely after RBA stands pat as widely expected. Recovery is...
At the July meeting, RBA left the cash rate unchanged at 0.25% and maintained yield curve targeting for 3-year bonds at 0.25%. While acknowledging that economic contraction has been less severe than previously anticipated, policymakers left economic forecasts largely...
BOE is widely anticipated to leave the Bank rate unchanged at record low of 0.1% this week. The asset purchase program (QE) will also be maintained at 745B pound. Of most interest in the meeting are the updated economic...
Dollar starts the month with a much firmer footing, trading broadly higher as the strongest one so far. The rally is particular against Swiss Franc, which is currently the weakest one. Yet the greenback will firstly need to overcome...
Trading in forex markets is rather subdued today in overall mixed mood. Better than expected manufacturing data provides little lift to sentiments. Coronavirus curfew in Australia's Victoria state is also shrugged off. Instead, traders are generally cautious ahead of...
RBA will most likely leave all of its monetary policy measures unchanged in August. The cash rate will stay on hold at 0.25%, the yield curve control program remains targeting 3-year government bonds at 0.25% and the Term Funding Facility...
Dollar's selloff extended last week, after rather uneventful Fed meeting. The decline was particularly serious against generally strong European majors. Sterling ended as the strongest one this time, followed by Euro and Swiss Franc. While the greenback was weak,...
According to the CFTC Commitments of Traders report for the week ended July 28, NET LENGTH for crude oil futures plunged -16 307 contracts to 532 569 for the week. Speculative long position slumped -11 088 contracts, while shorts...
As suggested in the CFTC Commitments of Traders report in the week ended July 28, NET SHORT for USD Index futures increased +934 to 6 727 contracts. Speculative long positions gained +3 856 contracts and short positions added +4...
Dollar recovers mildly as markets turned mixed ahead of monthly close, but remains the second weakest for the week. Canadian Dollar is currently still the worst performing, as dragged by oil selloff. But we'll see if better than expected...
China’s official PMI report reveals that economic activities continued to expand in July. However, the pace of recovery varied across sectors. Manufacturing and construction activities improved faster than expected, thanks to better overseas demand government’s stimulus measures. However, the...
Dollar's broad based selloff continues in Asian session today. There are increasing concerns that momentum of US economic recovery is starting to falter. The pessimism is somewhat reflected in persistent decline in treasury yields too. Though, Canadian Dollar is...
Commodity currencies are general under pressure today, following global stock markets lower. Record Q2 GDP contraction in Germany and US are weighing on sentiments. Rebound in jobless claims add to concern of double dip recession. US futures also tumble...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks soared +8.82 mmb to 1461.16 mmb in the week ended July 24. Crude oil inventory slumped -10.61 mmb (consensus:...
The Fed sent a more dovish message at the July meeting, although the monetary policy, as well as the accompanying statement, stayed largely unchanged. Despite improvement of data flow, the members warned that the pace of recovery is depending...
Dollar tumbled again overnight after the rather uneventful FOMC rate decision. But selling slowed a little bit in Asian session today. Nevertheless, the greenback remains the worst performer for the week. Commodity currencies are actually not performing well, with...
Sterling surges broadly in rather mixed markets today. Rebound in cross against Euro is seen as a major reason for the Pound's strength. Australian Dollar is following as the second strongest for now, partly listed by cross buying against...
Gold's rally has accelerated with the front-month Comex contract making new highs for two consecutive dates. We believe the recent relentless rally of the yellow metal is driven by a number of factors: low real rates, expectations of higher...
Dollar remains generally weak today as recovery attempts faltered quickly. Though, selling remains centered against European majors and Yen. FOMC monetary policy decision is a focus today but it's unlikely to give the greenback any sustainable support. Overall, major...
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