Dollar is regaining some ground as markets await Fed chair Jerome Powell's Congressional Testimony. But still, New Zealand Dollar is the strongest one today as lifted by inflation data. Swiss Franc trades as the second strongest as European indices are trading broadly in red. There are also speculations that...
Commodity currencies trade generally higher today. New Zealand Dollar leads the way following improvement in RBNZ's own preferred core inflation measures. Australian Dollar is also firm after RBA reaffirmed that the next move is likely a hike rather than a cut. Yen continues to trade as the weakest one...
Dollar remains generally weak in early US session despite a mild lift from retail sales data. While the greenback and Japanese yen are competing as the weakest one, Canadian Dollar joins the race as WTI crude oil drips below 70 handle. European majors are generally firm with Euro supported...
Asian markets are weighed down slightly by a batch of soft economic data from China, but loss is limited so far. At the time of writing, China Shanghai SSE is down -0.47% and stays above 2800 key level throughout the session. Hong Kong HSI is down -0.17%. Singapore Strait...
Yen and Swiss Franc ended as the weakest ones last week as global stock markets ended higher. There were some jitters in risk sentiments after US announced to move on with tariffs on additional USD 200B in China imports, which come effective as soon as in September. But investors...
Dollar is set to close as the strongest one for the week, after today's rally. Some setback is seen after import price index miss but the retreat is so far shallow. Yen is trading as one of the strongest alongside Dollar. But that's mainly because it's digesting some of...
The markets are rather calm today as supported by relatively positive investor sentiments. NASDAQ surged to new record high at 7825.67 before having a strong close at 7823.92, up 1.39%. DOW ended up 0.91% at 24924.89 while S&P 500 rose 0.87% to 2798.29. In Asia, Nikkei is having a...
Return of risk appetite is probably the main theme in the markets without a main theme today. There are quite a number of "high-level" events today, ECB meeting accounts, US CPI release, UK's Brexit white paper, and the NATO showdown. Plus, the continuous development of US-China trade war in...
Yen was sold off sharply overnight after stronger than expected US producer price inflation data. Selling continues in Asian session as risk aversion receded. The impact of US-China trade war escalation on the markets was brief and limited. Most importantly, the China Shanghai Composite rebounded strongly and is trading...
Global stocks tumble as US escalated the trade war with China again today, moving on to the process to impose tariffs on additional USD 200B of Chinese goods. On the other hand, Trump is fighting allies of the US in NATO summit in Brussels. At the time of writing,...
Yen and Dollar are both strong as the US announced to move on with 10% tariffs on another USD 200B in Chinese imports. That could come into effect as soon as in September. Asian Markets are broadly in red. At the time of writing, China Shanghai SSE is down...
Dollar strengthens broadly today, partly with help from Euro's post data weakness. Much weaker than expected German ZEW economic sentiment is giving some pressure to the common currency. On the other hand, USD/JPY surges through 111.13 temporary top and is now taking on 111.39 key near term resistance. Yen's...
Strong risk appetite is keeping the Japanese Yen broadly weak this week. DOW jumped as impressive 302.11 pts or 1.31% to close at 24776.59, turned positive for 2018. S&P 500 followed by rising 24.35 pts or 0.88% to 2784.17. NASDAQ gained 67.81 pts or 0.88% to 7756.20 and is...
While the reaction to former Brexit Minister David Davis was largely muted, the situation seemed to change drastically after adding former Foreign Minister Boris Johnson. Prime Minister Theresa May wanted to provide certainty to UK businesses with her locked up meeting in the Chequers with cabinet last Friday on...
Quick update: Sterling drops notably after Foreign Minister Boris Johnson finally resigns. judging from the current price action, Boris's resignation seems to be taken more seriously by the markets than Davis's.
The global stock markets are in positive mood today. Major European indices open higher, following the strengthen in Asian...
Yen trades broadly lower today, followed by Dollar, as Asian markets recovered broadly. China's Shanghai SSE composite leads the way by gaining 1.9% and breaches 2800 handle. It looks like some solid support was obtained between 2016 low at 2638 and 2700 psychological. Current momentum warrants a near term...
The global markets reacted rather differently as the US-China trade war formally started while there were only signs of further escalations. Over the week, NASDAQ was a star performer and rose 2.37% to 7510.30. S&P 500 rose in tandem by 1.52% to 2759.82. DOW lagged behind but also managed...
Dollar trades notably lower in early US session despite stronger than expected headline NFP number. The rise in unemployment rate and slower than expected wage growth could be the factors. But it's more likely just continuing this week's pull back after NFP risk is cleared. Yen is following as...
Asian markets are trading broadly lower today as the US is set to start the Section 301 tariffs on Chinese imports, and the latter's retaliation is also ready. This would mark an important turning point as the risks of trade war is finally realized. China's Shanghai SSE breached 2700...
Euro surges broadly today on hope that there will finally be a point of convergence between European Union and the US to avoid a trade war on cars. The optimism is also reflected in stocks as automaker shares led DAX higher, which is up 1.44% at the time of...