Euro Rides High on Technicals, Yet Fundamental Proof Awaits
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...
Markets Tread Cautiously: Euro Leads, Oil Retreats
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...
A Quiet Prelude to a Bustling Week: PMIs, BoC, ECB and US GDP Watched
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,...
Geopolitical Conflicts Unravel A Week of Turmoil and its Domino Repercussions
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...
Gaza Strife Rattles Investor Confidence; Bitcoin Surpasses 30k Mark
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...
Geopolitical Concerns Continues to Bolster Swiss Franc; Dollar Resilient Post Fed Powell’s Commentary
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...
US 10-yr Yield Marches Towards 5%, But Dollar Fails to Match the Tempo
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...
Treasury Yields Surge, Country Garden Wobbles, Global Markets on Guard
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...
Geo Tensions Lift Swiss Franc Modestly, Other Currencies Unperturbed
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...
Gold and Oil Prices Rise Amidst Re-escalating Middle East Tensions
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,...
Retail Sales Lifts Dollar Higher; Canadian Faces Headwinds After CPI
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...
Asian Session Sees Antipodean Currency Waves, Sterling and Canadian Braced for Movement Next
The currencies from the Southern Hemisphere, Australian and New Zealand Dollars, saw notable volatility in Asian session today. Aussie is gaining traction following release of RBA minutes, highlighting a low tolerance for inflation surprises and opening the door for another rate hike next month. In contrast, Kiwi is facing...
Global Markets Hesitate; AUD/NZD Might Display Some Volatility
A quiet yet tense atmosphere pervades the financial markets today, as traders' anticipation builds, eyes keenly focused on unfolding developments in the Israel-Hamas conflicts. Such geopolitical uncertainties are casting a shadow over most major trading hubs, prompting cautious moves among investors.
In the European markets, major indexes are painting a...
Markets Tread Carefully, Geopolitics to Overshadow Inflation and Retail Sales Data
Financial markets are holding steady yet exhibit a sense of nervous anticipation as the new week commences. The conflicts between Israel and Hamas continues to take center stage, with concerns mounting over the potential for the violence to engulf the broader region. Volatility and unpredictability of the geopolitical situation...
Middle East Unrest Shakes Financial Markets; Safe Havens Gain Ground
The abrupt escalation in conflicts in the Middle East significantly influenced the global financial markets last week, causing capital influx into safe-haven assets. Amidst the military confrontations, Gold and other precious metals experienced a sharp surge in value. Oil prices also saw a rebound, reflecting the geopolitical tensions. While...
Middle East Tensions Spark Safe-Haven Rush as Gold Approaches 1900
As Middle East tensions escalate again ahead of the weekend, global financial markets are exhibiting a pronounced shift towards risk aversion. The news of Israel urging all civilians in Gaza City to evacuate, in anticipation of a ground invasion following a severe attack by Hamas, has sent shockwaves through...
Dollar and Yield Revival Amid Renewed Fed Rate Hike Fears
Dollar staged a notable comeback overnight, accompanied by a sharp ascent in treasury yields and a downtick in stocks. This resurgence was catalyzed by the release of US CPI data that stoked concerns of another Fed rate hike this year. However, this speculation has yet to be significantly mirrored...
CPI Sparks Mild Dollar Rally, Jury’s Still Out on Sustained Momentum
Dollar is showing signs of revival in early session, in the wake of the release of CPI data, which indicated a marginally stronger headline inflation than anticipated. This uptick is further supplemented by a parallel recovery in treasury yields, lending some support to the greenback. However, any substantial upside...
Dollar Remains Weak Post-FOMC Minutes; Eyes on Upcoming CPI Data
Dollar continues its slide, maintaining its position as the week's worst performer and further descending following the release of FOMC minutes. The document indicated a majority of the Committee members anticipate an additional rate hike this year, aligning with recent dot plot projections. However, the market seems to have...
Strong PPI and Falling Yields Leave Dollar Unfazed; Franc and Sterling Gain Momentum
Dollar is exhibiting mixed performance in today's relatively calm trading environment. Earlier losses were swiftly counteracted, illustrating the greenback's resilience amidst fluctuating conditions. Interestingly, the extended pullback in treasury yield has left Dollar unscathed, and it has similarly shrugged off stronger than expected PPI data. All eyes are now...