The foreign exchange markets have commenced the week on a relatively quiet note, with major currency pairs and crosses adhering closely to Friday's trading range. Commodity currencies have shown a modest edge, while European majors appear somewhat subdued. Yen and Dollar find themselves in an intermediate position, but overall...
It was a week marked by a series of significant headlines that captured the attention of global investors.
Bitcoin led the charge and surged sharply, touching 35k mark, a noteworthy move for the cryptocurrency giant.
At the same time, US 10-year yield demonstrated ambition as it flirted with 5%...
As the week draws to a close, the Japanese Yen is exhibiting signs of a tentative comeback, with USD/JPY retreating back below the significant 150 mark. Dollar's response to the latest US personal income and outlays data was relatively subdued. Although the monthly headline PCE price index ticked slightly...
Markets remained relatively subdued in today's Asian trading session with Australian Dollar and Canadian Dollar showing modest strength. The pervasive risk-off sentiment that characterized the overnight U.S. stock market selloff did not extend into Asia, as evidenced by recoveries in both Japan's Nikkei and Hong Kong's HSI. Japanese Yen,...
Euro is trading as the worst performer for the today so far, but there is no extended selloff after ECB's decision to hold interest rates unchanged. President Christine Lagarde's press conference reiterated that current rates should be bring inflation down to target in a timely manner if maintained for...
Dollar experienced a broad upsurge overnight, propelled by a robust rebound in benchmark treasury yields and a general mood of risk aversion. This strength continued into the Asian trading session, particularly notable in the greenback's gains against Japanese Yen, which have now extended past the significant 150 mark. Despite...
Canadian Dollar encountered heavy headwinds after BoC made the anticipated decision to keep interest rates steady. The bank's hawkish tone persisted, highlighting concerns over the sluggish pace of disinflation. However, the central bank also acknowledged emerging signs indicating that past rate hikes might be curbing economic activity.
Earlier in the...
Australian Dollar made significant gains in Asian session today following unexpectedly robust inflation figures for Q3 and September. This has caused a flurry of revised predictions from economists who now anticipate a rate hike by RBA in its next meeting in November. While there's speculation about a subsequent hike...
Euro's forward drive this week faced a halt as subpar PMI readings painted a concerning picture for the Eurozone economy. The data fuels concerns that the Eurozone economy might be heading into deeper waters. At the same time, British Pound is weighed down by slowing wages growth and weak...
In a surprising twist, Euro experienced a significant surge overnight, powering through a short-term resistance level when matched up against Dollar. Euro in also a position to resume its long-term up trend versus Yen. he factors fuelling this surge, however, remain a subject of speculation. On one hand, recent...
Euro emerged as the frontrunner in today's forex markets, establishing itself as the strongest performer. However, the overall momentum in the currency arena seems relatively restrained. Following closely behind Euro, Canadian Dollar is occupying the spot of the second strongest, with Sterling and Dollar not far behind. Contrarily, Swiss...
Asian markets commenced the week in a muted tone, with trading activity dampened due to public holidays in New Zealand and Hong Kong. The tepid trading ambiance is expected to persist through the day, given the sparse economic calendar. However, market participants are bracing for a resurgence in volatility,...
As geopolitical tensions rise, the financial markets are inundated with heightened volatility and uncertainty. The bond market is particularly sensitive, evidenced by the 10-year Treasury yield soaring to 5% for the first time since 2007. This spike is multifaceted, driven in large part by a ballooning bond supply and...
Global stock markets continues to face turbulence today, with Asian indices wrapping up in the negative zone, European markets showcasing bearish sentiments, and US futures indicating a subdued opening. A heightened sense of caution permeates the investment community due to the intensifying conflict between Israel and Hamas in the...
Swiss Franc continues to dominate as this week's top-performing currency, as the global financial markets are under influence of mounting geopolitical tensions. Reports suggest that Israel might be preparing for ground operations against Hamas. The country's Defence Minister, Yoav Gallant, has reportedly alerted troops that they will soon see...
The global markets today are abuzz with the rapid rise of US benchmark treasury yields. Market pundits are keeping a keen eye on 10-year yield, which, given its present momentum, is poised to touch 5% level. All eyes will also be on how traders react at this critical psychological...
Financial markets are once again immersed in a phase of risk aversion, a sentiment spurred by the notable ascent of benchmark treasury yields. US 10-year yield is confidently moving closer to the 5% mark. Even Japan's 10-year JGB yield is hitting another decade high. The prevalent mood has propelled...
The tumultuous environment resulting from the Middle East tensions has prompted a noticeable upswing in Gold and Oil prices today, yet the forex markets remain relatively unaffected. Swiss Franc is currently leading the pack, its ascent likely attributed to the ongoing geopolitical unrest, though its rise is modest. US...
The Middle East sees a re-escalation in geopolitical tensions following a tragic strike on a Gaza hospital, leading to significant rise in both Oil and Gold prices. The effect of this development extends into Asian session. However, risk aversion is not starkly evident in other markets, as Asian indices,...
Today's economic data releases are steering the markets, though it is uncertain how sustained their influence will be. Dollar emerges as the day's strongest performer, buoyed by robust retail sales figures. Australian Dollar trails as the initial lift from RBA minutes dissipates, leaving it in the second spot. Euro...