Aussie Firm after RBA, Euro and Sterling Look Vulnerable
Overall, the financial markets are steady in Asian session today. Russian invasion of Ukraine continues after the talks between two leaders yielded no breakthrough. Ukraine is holding on defending while isolation of Russia from the West intensified. In the currency markets, commodity currencies are attempting to break out from...
Stock Markets Dive Further, But Others Steady
Markets are staying in risk aversion today with heavy selling in stocks. Expectations on the negotiation between Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin are low. Meanwhile, other markets are relatively steady. In forex, Swiss Franc, Yen and Dollar are still the stronger ones ,while Euro is...
Dollar, Yen and Franc Rise as Sentiment Sink Again
Sentiment in the markets sinks again after Russian President Vladimir Putin put Russia's nuclear deterrent on high alert on Sunday, in response to unprecedented sanctions by the West, including blocking Russian banks from SWIFT. Meanwhile, Ukraine is holding on to defending from Russian invasion, with increasing support from Europeans...
Roller Coaster Rides in Markets as Russia Invades Ukraine
The markets had a roller coaster ride on Russia's invasion of Ukraine last week. At the time of writing, Kyiv remains in Ukrainian hands after three days of brutal attack by Russia. Wave of European leaders have start delivering supplies Ukraine while packages of sanctions were imposed, up to...
Stocks Extend Rebound, EUR/GBP Turning Around
Global stocks continue to rebound today. The West's refrain from excluding Russia out of SWIFT was seen as a relief. But still risks remain, in particular if war spreads to NATO countries. Economic data continue to take a back seat, and even another surge in US inflation doesn't move...
Markets Stabilized from Ukraine Crisis, But Risks Remain
Overall, the markets seem to have stabilized from the shocking invasion of Ukraine by Russia, for now at least. US stock markets staged a late and strong turnaround overnight while Asian markets also recovered. Gold is back pressing 1900 handle while WTI oil is trading around 96, after breaching...
Gold and Oil Surge on Russian Invasion, Stocks and Euro Dive
Russia invasion of Ukraine remains the dominant theme in the markets today. Safe haven flow pushes gold to highest level in more than a year, marching towards 2k handle. WTI crude oil also surges pass 100 level, rising as it does in geopolitical tensions. In the currency markets, Yen...
Global Markets Sink as Russia Invades Ukraine, Euro Under Heavy Selling
Global markets sink as Russia finally launches invasion of Ukraine. Risk averse sentiment dominates, pushing gold and oil higher, while stocks and cryptocurrencies tumble. In the currency markets, Yen and Swiss Franc surge sharply on safe-haven flows, together with Dollar. On the other hand, Euro is under heavy selling...
Aussie Surges as Risk Sentiment Improves, Euro and Sterling Shrugs Hawkish Comments
The markets are generally trading in risk-on mode today. New Zealand Dollar is leading commodity currencies higher, with additional boost from hawkish RBNZ rate hike. Australian Dollar is following closely, then Canadian Dollar. on the other hand, Yen and Dollar are under some selling pressure. Euro and Sterling are...
Most Markets Shrug Sanctions on Russia, NZD Jumps after Hawkish RBNZ
US stocks tumbled sharply overnight after the West unveiled a wave a sanctions on Russia's invasion on Ukraine, and warned that more are underway. But other markets were pretty steady, with Asian markets trading mildly higher. Gold is struggling to stand above 1900 handle. WTI crude oil is also...
Markets Surprisingly Calm Despite War Risks and Sanctions, Euro Recovers
The markets are surprisingly calm despite some initial volatility on escalation in Russia Ukraine situation. News of sanctions on Russia are staying to flow out, with the UK sanctioning five Russians banks and three individuals. Germany also put the certification of the Nord Stream 2 gas pipeline on hold....
Euro and Sterling Sink on Escalating Risks of Russia Invading Ukraine
Market sentiment sinks deeply after Russian President Valdimir Putin declared recognition of independence of the breakaway regions of eastern Ukraine, and ordered troops to enter the regions, which is seen as risk of imminent invasion. Coordinated sanctions on Russia are expected shortly from the US and allies, including the...
Swiss Franc Surges as Risk Sentiment Turns Sour Again
Risk sentiment turns sour again as the arrangement for a Biden-Putin summit looks far from being promising. As the same time, there seems to be some scattered escalations in Russia-Ukraine situations. Major European indexes are trading mildly lower, together with US futures. Gold is holding in tight range slightly...
Markets Steady as Biden and Putin Agreed on a Ukraine Summit
The markets are steadily mixed in Asian session today. Sentiment is stabilized somewhat on news that US President Joe Biden and Russian President Vladimir Putin have agreed in principle to a summit over Ukraine, as brokered by French President Emmanuel Macron. Nevertheless, risks of imminent war remain. For now,...
Indecisive Markets Awaited Clarity on Russia-Ukraine Situation, Euro Weakened
The markets were rather indecisive last week, as there is still no clarity on the Russia-Ukraine situation. The fall in benchmark treasury yields and rally in Gold suggest some risk-off undertone. But then, the selloff in equities was not very committed. Meanwhile, crude oil price gyrated in established range...
Markets Staying Quiet, Canada and UK Retail Sales Ignored
The financial markets are generally quiet today. Stocks are slightly down by losses are limited. Retail sales data from Canada and UK are largely ignored. Commodity currencies are the strongest ones for now. Yen, Dollar and Euro are the weaker ones. There news of shelling in Ukraine east by...
Sterling to Look into Retail Sales for Range Breakout
Even though the US markets were in deep selloff overnight, Asian markets are just mixed. Investors are still waiting for come clarity on the Russia-Ukraine situation before taking a committed move. Trading is also subdued ahead of a long weekend in the US, with a holiday on Monday. In...
Yen and Gold Rise as Investors Stay Nervous on Russia-Ukraine
The markets are overall mixed today, as investors are holding their breath, awaiting confirmation on whether Russia is going to invade Ukraine, or not. Gold jumps notably and is now eyeing 1900 handle on nervous sentiment. In the currency markets, Yen is currently the stronger one, followed by Kiwi...
Sentiment Remains Fragile and Sensitive to Ukraine Situation, Aussie Shrugs Mixed Job Data
Australian Dollar rises mildly in Asian session, together with New Zealand Dollar. But both were hammed down after a Russian media reported that Ukraine forces opened fire on four settlements of the LPR. Overall market sentiment remains rather fragile and ultra-sentiment. Dollar and Yen are both picking up some...
Canadian Dollar Popped Up by CPI, Sentiment Turns Cautious Again
Overall market sentiment is slightly weaker entering into US session. While Russia showed videos of tanks leaving Crimea, NATO questioned de-escalation and said troop buildup was still going on. There is little reaction to much stronger than expected US retail sales. Nevertheless, Canadian Dollar is popped up by higher...