Dollar Extending Rally Against Yen, Fed and BoE to Hike this Week
Dollar is lifted by risk aversion sentiment in Hong Kong and China in Asian session today. The greenback's strength is particularly apparent against Yen, Aussie and Kiwi. Euro is trying to recover against others but such recovery remains weak. The uncertainty over Russia invasion of Ukraine will continue to...
First Climax Reactions to Russia Invasion Done, USD/JPY Upside Breakout
The financial markets should have completed the first climax reaction to Russia to Ukraine. Both oil prices and gold spiked higher initially last week but pulled back since then. Stocks, in particular major European indexes, also staged a strong rebound after initial dive. Global benchmark treasury yields also rebounded.
In...
Canadian Dollar Shot Up by All-Round Strong Job Report, Yen Weakness Continues
Canadian Dollar surges sharply after employment data blows past expectations. Sterling and Euro are firm slightly firmer but there is no clear upside momentum. On the other hand, selloff in Yen is still persisting. Dollar is mixed for now. In other markets, Gold is extending the pull back and...
Yen Under Pressure on Rate Outlook and Rising Yield, USD/JPY Breakout
Yen is under some broad based pressure in Asia session despite some mild risk aversion sentiment. BoJ is clear to lag behind other major central bank in raising interest rates, due to the still underperforming inflation. Rally in global treasury yields is also weighing on the Japanese currency. Euro...
Euro Rebound Stalls after ECB, Dollar Higher after CPI
Euro's rebound stalls after ECB policy announcement, mainly because risk markets turned softer again. Another round of negotiations between Russia and Ukraine failed and Russia will clearly continue its attack. Dollar is trading slightly higher after CPI came in expected, extending its run on making multi-decade high. Though, as...
Euro Staying in Rebound ahead of ECB, Dollar Awaits CPI
Yen and Swiss Franc are both under selling pressure following the strong rebound in global stock markets. While it's too early to conclude that risk appetite has returned from the shadow of Russia invasion of Ukraine, at least, the initial shock seemed to be digested well already. Euro is...
Stocks Staging Strong Rebound, Euro Follows, as Sentiment Improves
Risk sentiment seemed to have improved drastically today. There are talks that both Russia and Ukraine are softening their tone, which might give an exit for Russia abandoning the invasion eventually. Germany DAX is leading major European indexes higher with more than 5% rebound. US futures also point to...
Dollar Attempting to Rally While Euro Licks Wounds
Sentiment is mixed in Asia with heavy selling seen in stock markets of Hong Kong and China, while Nikkei and Singapore Strait Times are recovering. US President Joe Biden announced to impose an immediate ban on imports of Russian Energy. Commercial big names like McDonald's, Coca-Cola, and Pepsi also...
Gold Extends Rally, Oil Rises, Euro Consolidates
Overall market sentiment is steady today. Major European indexes are trading slightly in black, together with US futures. WTI oil rebounds on news that US President Joe Biden is set to announce ban of Russian oil imports as soon as today. Gold is extending recent rise after brief consolidation,...
Euro and Pound Consolidate, But Staying Weak
US stocks were hammered again overnight and selling continues in Asia. But major currency pairs and crosses are trading in tight range, digesting recent moves. Euro and Sterling are recovering some grounds while Aussie is paring gains. Gold is consolidating below 2k handle but the retreat is shallow. WTI...
Euro Paring Losses as Markets Digest Wild Moves
Entering into US session, markets are starting to digest the steep moves made earlier today. Euro is paring some losses and it's indeed trading in black against Sterling, Swiss and Yen at the time of writing. Swiss Franc has apparently turned weaker, probably on concern that SNB could intervene...
Euro and Sterling Dive, Oil and Gold Surge
Moves in the markets are intensifying as another week starts, as Russia's invasion on Ukraine continues. US and allies rejected Ukrainian President Volodymyr Zelenskyy's plea for creating a no-fly zone over the country. But they're now considering to step up sanctions on Russia by banning its oil exports. Asian stocks...
Euro, European Stocks and Yields in Free Fall as WW III is Near
Russia invasion of Ukraine continued last week and risk aversion intensified sharply after Russia's attempt to attack Zaporizhzhia nuclear power station. European stocks took a steep dive with benchmark yields. Oil prices surged to levels not seen in more than a decade. Gold was originally steady but staged a...
Euro in Free Fall Again While Dollar Rebounds on Strong NFP
Dollar rises notably in early US session with help from strong headline non-farm payroll job growth, even though wages disappoint. But still, the overwhelming theme is Euro selloff on Russia invasion of Ukraine. The common currency is actually suffering a fresh round of heavy selling, just after NFP risk...
Euro Still in Decline, No End in Sight Yet
Markets sentiment took another dive on reports of Russia's attack on a nuclear complex in Ukraine. Euro is extending recent decline, together will steep selloff in Asian stocks. Meanwhile, Australian Dollar is solidifying upside momentum, taking New Zealand Dollar higher too. Dollar remains mixed and will look into non-farm...
No Recovery in Euro Yet as Sentiment Stabilize, Swiss Franc Firm
Overall, market sentiment is rather stable today, with major European indexes just slightly lower, while US futures point to recovery. Benchmark treasury yields are also ticking slightly higher. WTI crude oil is retreating slightly after breaking 115 handle. Gold is gyrating in tight range above 1900. In the currency...
Euro Selloff Continues, Oil Extends Powerful Rally
Euro is staying under selling pressure as Russia is continuing its invasion while Ukrainians are holding on defending their country. But selloff in Sterling has eased a little bit. Australia Dollar is extending recent rally as the best performer for the week. Canadian Dollar is following closely with help...
Sentiment Stabilized Somewhat But Euro Remains Pressured
Market sentiment stabilized a bit on reports that Russia a suggests to hold another round of peace talks with Ukraine, while Vladimir Putin's forces continue to shell multiple crowded Ukrainian cities. Stocks are recovery but remain vulnerable to more selloff. In the currency markets, Swiss Franc is paring some...
EUR Weak, Oil Surges, CAD Awaits BoC
Russia's invasion of Ukraine remain the dominant theme in the markets, and Euro and Sterling stay pressured as a result. Swiss Franc is the biggest winner for now on safe haven flow, but Aussie and Yen are also supported. On the other hand, Dollar is dragged down by the...
Stocks and Yields Fall, Euro Staying Pressured
Euro's broad based selloff continues today, even though it's still holding in range against Dollar and Sterling. But overall, European majors are weak. The greenback is somewhat capped by falling benchmark treasury yield. Yen is firm on risk-off sentiment but it's slightly out-performed by Aussie. In other markets, stocks...