Trading in the forex markets is generally quiet in Asian session. Sterling's broad based recovery suggests that last week's steep pull back could have completed. Yen crosses are also mildly firmer on optimism over US-China trade deal. These two developments would be the focuses for the rest of the...
Sterling is trading as the weakest one for today as it suffers renewed selling ahead of holidays. Canadian Dollar is currently the second weakest, weighed down by unexpected contraction in October GDP. Meanwhile New Zealand and Australian Dollars are the strongest ones, lifted by China's move to lower import...
Australian and New Zealand Dollar strengthen mildly in Asia today. But markets remain quiet overall, very much in holiday mood. Dollar and Canada are the weaker ones. US President Donald Trump's tweet late Friday indicated that US-China trade deal is still on the right track. China also announced to...
Canadian Dollar drops sharply in early US session after much weaker than expected retail sales data. Euro and Swiss Franc are also under some selling pressure. On the other hand, Sterling is paring some losses ahead of weekly close while Australian Dollar is generally firm. Over the week, Swiss...
The forex markets are relatively quiet today, with little reactions to the record run in US stock markets overnight. Yen is indeed to trying to rally risk appetite markets, drawing support from 10-year JGB yield which turns positive. Swiss Franc is generally firm as this week's rally is maintaining...
Yen is trading broadly higher today as buying rushes in after weaker than expected US economic data. Nevertheless US stocks open mildly higher while 10-year yield is also trading up. Australian Dollar is currently the second strongest for today, still feeling the support from employment data. On the other...
Australian Dollar recovers broadly today on stronger than expected job data. Though, upside is limited so far as unemployment rate remains a long way from RBA's rate of full employment. New Zealand Dollar is also among the strongest following better than expected GDP growth. Sterling is mixed as focus...
Canadian Dollar is trading as the strongest one for today, as helped by resilience in oil price and solid consumer inflation data. Dollar is currently following closely as the second strongest. On the other hand, European majors are the weakest ones so far, including Swiss Franc. Though, while Sterling...
Dollar and Yen trade mildly higher in Asian session as markets turned into mild risk avers mode. Sterling remains the weakest one on concern of another Brexit cliff-edge at the end of transition period. The Pound will face another test from UK inflation data today, before heading to BoE...
Sterling's pull back extends deeper today on renewed Brexit concern. Setting a hard deadline of December 2020 for trade negotiations UK and EU could create another Brexit cliff-edge. Meanwhile, Australian and New Zealand Dollars follow the Pound as next weakest, partly weighed down by risk aversion. On the other...
Trading in the forex markets continue to be relative quiet today. Sterling is mildly softer as consolidations continues. It's weighed down slightly by Boris Johnson's move to block transition period extension. Australian Dollar is the second weakest after RBA minutes affirm the chance of more easing. On the other...
Commodity currencies are general higher today, with the help from risk appetite in European markets, and US futures. Poor Eurozone and UK data are largely shrugged off by investors. Canadian Dollar is so far the strongest, additionally supported by mild strength in oil prices. On the other hand, Yen...
Risk appetite is taking a back seat for now as investors are not too satisfied with the tiny tariff rollback in the US-China phase one trade deal. Better than expected economic data from China also provide little inspiration. Australian Dollar trades mildly lower in relatively quiet markets in Asia....
The markets were rocked by three key events last week, UK Election, US-China trade deal and FOMC rate decision. Sterling ended as the strongest one last week as boosted by the Conservative's landslide victory in UK election, removing a large of of Brexit uncertainty. Canadian Dollar followed crude oil...
Sterling remains undoubtedly the strongest one for today, and the week, cheering Conservative's landslide victory in UK elections. Boris Johnson pledged that "we will get Brexit done on time by the 31st of January, no ifs, no buts, no maybes." That's what markets are firmly believing in now. Meanwhile,...
Sterling strengthens broadly today as an important hurdle for Brexit is cleared with Conservative's landslide victory in the UK election. Yen and Swiss Franc are broadly pressured on return of risk appetite, helped also by completion of US-China trade deal phase one. Over the week, the Pound is the...
Both Euro and Swiss Franc are generally firm today after ECB and SNB rate decisions, as not much reactions are being triggered. Though, as for today, Australian Dollar is the strongest one so far. Sterling, on the other hand, pares back some of recent gains as traders lighten up...
Dollar was sold off deeply overnight after Fed left interest rate unchanged. Most importantly, Fed chair Jerome Powell indicated that there is no need for any rate hike unless inflation materially surprises on the upside. Considering that Fed projects inflation to be around target through 2022, interest rate might...
Dollar shrugs off slightly better than expected consumer inflation data and weakens mildly in early US session. But loss is limited as focus turns to FOMC rate decision, statement and new economic projections. At this point, European majors are generally weak as markets also look forward to tomorrow's UK...
Sterling trades generally lower today after latest YouGov polls showed there is still possibility of a hung parliament after Thursday's election. Though, loss is relatively limited as a Conservative majority remains the base case. For now, focus will firstly turn to FOMC rate decision and economic projections. As Fed...