Dollar surged broadly as boosted by rally in US Treasury yield. 10 year yield hit as high as 3.90 overnight, the highest level since 2011, before settling at 3.08. While the greenback is strong, it's struggling to break through near term resistance levels decisively against Euro and Sterling for...
Dollar surges broadly today as boosted by strong rally in treasury yield. 10 year yield reaches as high as 3.049 so far today and breaks key resistance level of 3.036 (2013 high). TNX reaches the highest level since 2011. Released from US, retail sales rose 0.3% mom in April,...
Dollar's corrective pull back yesterday was rather brief and shallow. EUR/USD reached 1.1995 but failed to break through 1.2 handle. It's now back at 1.1930. USD/CHF breached parity briefly to 0.9956 and is back above 1.0000 now. GBP.USD continued to stay in tight range above 1.3459 and failed even...
Euro rises broadly today as lifted by hawkish comments from an ECB official. Sterling closely follow as the second strongest one. On the other hand, New Zealand dollar continues to suffer broad based selling pressure today, in particular against Australian Dollar. Yen follows as the second weakest on optimism...
Yen trades broadly lower today, expect versus New Zealand Dollar. Solid risk appetite is a factor pressuring the Yen. Nikkei closed up 0.47% at 28865.86, hitting the highest level in more than three months. Strong performance of cosmetics maker Shiseido is a factor driving the Japanese markets up. But...
We initiate coverage on speculators' activities on major FX futures. According to CFTC's Commitments of Traders, speculators were bearish (NET SHORT) on CHF, JPY, AUD and CAD in the week ended May 8. Meanwhile, they remained bullish (NET LENGTH) over EUR, GBP and NZD. However, the positive sentiment has...
Canadian Dollar surged broadly last week following the rally in oil prices. Weaker than expected employment capped the Loonie's gain, but it ended as the strongest still. Sterling survived BoE super Thursday and ended up against all but Canadian. That's a clear indication that markets didn't see BoE announcements...
Canadian dollar drops broadly as employment data missed market section. While it's trading as the weakest one for today, the movement in USD/CAD is rather muted. That's because focus is turning to the greenback again as selling gathers momentum. Weakening treasury yield could be a factor driving the greenback...
The post CPI selloff in Dollar was relatively shallow and the greenback is regaining some footing today. Similar Sterling stays week after post BoE selling, but loss is so far limited. On the other hand, Canadian Dollar remains the strongest one for the week and stays firm ahead of...
Sterling weakens notably after BoE rate announcement. But loss is relatively limited as it's holding above key near term support level against Dollar, Euro and Yen. On the other hand, Dollar is also suffering some selloff today as core CPI missed market expectation. That's a relive for traders that...
Dollar, Sterling and Canadian Dollar remain the strongest three for the week. But is should be noted that the reasons behind the strength are different. The greenback continued to draw support from strength in treasury yields as 10 year yield broke 3% yesterday to 3.004. Fed is also on...
Yen remains the weakest one in early US session while strength in oil price is giving Canadian Dollar a strong boost. Dollar, on the other hand, reversed earlier gains and trades broadly lower, except versus Yen. Bullish momentum of the greenback seems to be exhausted ahead of heavy weight...
Reactions to US withdrawal from the Iran nuclear deal were centered in oil and yield. Stocks had a rather quiet day yesterday with DOW ended up 0.01%, S&P 500 down -0.03% and NASDAQ up 0.02%. At the time of writing, Nikkei is down -0.35%. Meanwhile, after a volatile ride,...
The strong rally in both Swiss Franc and Japanese Yen, together with selloff in commodity currencies, argue that forex traders are preparing themselves for some risk aversion. US President Donald Trump's decision on Iran deal today should be the key perceived risk. At the time of writing, European indices...
The forex markets are basically staying in recent trends, but with weaker momentum. Dollar extended the rally against Euro and Swiss Franc, but it's kept in tight range against Sterling, Aussie and Loonie for the momentum. Yen, is broadly higher today, with EUR/JPY dipping through last week's low. But...
Dollar is extending recent rally against Euro and Swiss Franc in early US session. EUR/USD breached 1.19 handle as it's now trying to get rid of 1.2 firmly. USD/CHF reaches as high as 1.0055 and breached 1.0037 resistance. Weak Eurozone data is a factor weighing on the comment currency,...
The forex markets open the week rather quietly today. Dollar is trading mildly firmer in tight range against other major currencies. Aussie is so far the weakest one today, getting no support from positive business condition and confidence data. Markets could remain quiet today with UK on holiday. The...
Dollar ended last week broadly higher except versus the Japanese Yen. While economic data from the US were generally disappointing, they were not bad enough to alter Fed's path of three rate hikes this year. Just that, the data didn't add to the chance of the fourth hike in...
Dollar fails to regain spot light after worse than expected job data. Non-farm payroll showed 164k growth in April only, below expectation of 194k. Prior month's figure, though, was revised up from 103k to 135k. Unemployment rate dropped to 3.9%, down from 4.1% and beat expectation of 4.0%. That's...
Initial selloff in the US stock markets overnight shot up Japanese Yen. DOW initially dipped to as low as 23531.31, suffering near 400 pt loss, but reversed and closed up 0.02% at 23930.15. Nonetheless, S&P 500 and NASDAQ closed in red, down -0.23% and -0.18% respectively. Yen pared back...