Market Overview
Swiss Franc and Yen Higher on Selloff in Hong Kong and China
Yen and Swiss Franc are trading mildly higher as the week starts. Heavy selling is seen in stock markets in Hong Kong and China. Yet, Japan came back from holiday with mild gains. Commodity currencies are generally soft, with Aussie leading the way down. Dollar and Euro are mixed...
Stocks Closed at Records as Delta Worries Receded, Dollar Index Holding On to Weak Rally
It has been a very volatile week as risk markets were initial knocked down by fear of the infectious delta variant. But sentiment made an about-turn then, even with US indexes closing at record highs. Still, despite late recovery, Australian Dollar ended as the weakest one. Yen was surprisingly...
Yen Lower Again as Risk Turned On, Loonie Shrugs Retail Sales
Yen drops broadly today as markets turn back into risk-on mode. It has indeed become the worst performing one for the week. Dollar is also staying to look a bit vulnerable against European majors and commodity currencies. Canadian Dollar is firm and shrug off retail sales data, which shows...
Canadian Dollar Firm as Focus Turns to Retail Sales
Trading in Asian session is relatively subdued today, as some participants are already looking forward to the weekend, after a roller coaster ride. Canadian Dollar is currently the strongest one for the week, helped by rebound in WTI oil price, which is back above 71. However, New Zealand and...
Euro Steady Against Dollar after ECB, Jobless Claims
Euro is trading steadily in US session after ECB finally revealed it's new forward guidance. Though, the common currency is notably weak against Sterling and commodity currencies. Meanwhile, Dollar and Swiss are also weak, together with Yen, as market sentiments are generally stable. We'd now see if US stocks...
Euro Looks Forward to ECB, Canadian Dollar Rebounds With Oil Price
Dollar and Yen lost their position as the strongest ones as US stocks staged another day of massive rebound overnight, together with treasury yields. On the other hand, Canadian Dollar is currently the best performer for the week, helped by WTI crude oil's reclaim of 70 handle. But Aussie...
Dollar Rises Against Yen as Sentiments Recover Further
The forex markets appear to be turning into a consolidative phase for now. Yen is trading broadly lower as European indexes and US futures rebound further. Canadian Dollar is the strongest one with WTI crude oil reclaiming 68 handle. Aussie and Sterling are following as the next strongest for...
Dollar and Yen Firm as Asia Shrugs US Rebound, Sterling Vulnerable
While US stocks staged a strong rebound overnight, the moves didn't follow through in mixed Asia. There is also little reaction in the currency markets. Yen and Dollar remain the strongest ones for the week, despite retreating mildly. New Zealand Dollar is the worst performer, followed by Aussie and...
Sterling and Kiwi Fall on Fragile Market Sentiments, Dollar Strong
Overall sentiments in the financial markets remain rather fragile today, despite some stabilization. Major European indexes are trading slight up while DOW futures also gains over 150 pts at the time of writing. But there appears to be little support for treasury yield, with Germany 10-year yield below -0.4...
Markets Stabilized after Massive Risk-Off, Yen Remains Firm
Overall market sentiments stabilized in Asia, after the massive risk-off trades in the US overnight. While Asia indexes are still down, losses are limited. Yen and Swiss franc are paring some gains but remain the overwhelmingly strongest ones. Commodity currencies are the weakest as led by Canadian Dollar. Dollar...
Yen Accelerates Higher as Risk Aversion Intensifies
Yen and Swiss Franc dominates the markets for the day, as selloff in stocks spread from Asia to Europe, to US. Risk aversion intensified with DOW down over -800 pts in initial trading, while 10-year yield breaks1.2 handle. Canadian Dollar is the worst performing one, as WTI crude oil...
Yen Surges as Asia Opens on Risk Aversion
Yen rises broadly as the markets start the week with risk aversion in Asia. On the other hand, Canadian Dollar is trading as the weakest, leading other commodity currencies lower. European majors are mixed together with Dollar for the moment. The economic calendar is rather light today and focuses...
NZD Surged But Couldn’t Overcome Resilient Dollar and Yen
New Zealand Dollar ended as the strongest one last week, boosted by hawkish expectation on RBNZ. Though, the Kiwi's strength didn't provide much support to other commodity currencies, as Aussie and Loonie were indeed the worst performing ones. Yen and Dollar followed Kiwi as the next strongest, while European...
Dollar Firms Up Slightly after Retail Sales, Kiwi Still the Strongest
Dollar trades mildly higher in early US session after better than expected retail sales data, but upside moment is weak so far. Mild strength in US futures sends Swiss Franc and Yen slightly lower. Overall, New Zealand Dollar is set to end as the best performer for the week,...
New Zealand Dollar Surges on Strong CPI, Aussie and Loonie Lag Behind
New Zealand Dollar surges broadly again today as decade high CPI reading prompted more speculations on RBNZ rate hikes. That somewhat helps stabilizes the selloff in Aussie and Loonie. On the other hand, Yen appears to be softening slightly as rally lost steam. Dollar, Euro and Sterling are mixed....
Dollar Regains Ground on Job Data, Sterling Support by BoE Saunders
Dollar regained some ground in European session, as assisted by mild pull back in stocks. The greenbacks stay firmer into US session as jobless claims data showed continuing improvement. Sterling is also stronger today after BoE policymaker Michael Saunders' hawkish comments. On the other hand, commodity currencies are trading...
Sterling Shrugs Job Data, Dollar Turns Weaker Against Yen and Franc
Dollar turns notably weaker against Swiss Franc and Yen today but markets are relatively steady elsewhere. Sterling pays little attention to employment data which showed some positive signs. Canadian Dollar also shrugged off yesterday's BoC tapering. General focus will now turn to US job data, and the movements in...
Gold Upside Breakout, Dollar Back Under Pressure
Dollar is back under pressure again as risk-on sentiments seem to be back as indicated by US futures. Swiss Franc and Euro are not too far away, as both turn softer, while Yen is following. On the other hand, New Zealand Dollar continues to lead the way after RBNZ's...
Kiwi Surges on RBNZ, Focus on BoC Next
New Zealand Dollar rises broadly after RBNZ halts its asset purchase program. The movement also takes Aussie slightly higher. On the other hand, Dollar is not quite able to extend the post-CPI rally, and softens slightly. European majors are currently mixed. Focus will now turn to BoC policy decision...
Dollar Rebounds after Strong US CPI Reading, But Still Range Bound
Dollar rebounds strongly in early US session after much stronger than expected CPI inflation reading. The headline reading has indeed been trend up every month since January and showed no sign of slowing yet. Yen also rebounds following the greenback. Meanwhile Sterling and Canadian Dollar are the weakest ones...