Market Overview
Risk Appetite Lifted Further by China Data
Risk appetite continues in Asian session, with help from positive data from China. China's economy appears to be on track for recovery even though the road would remain bumpy. In the currency markets, New Zealand Dollar is leading Australian Dollar higher, followed by Euro. Dollar, Yen, Swiss Franc continue...
Focus Turns to Yen and Franc Selling as Risk Rally Continues
Global stock markets continue with impressive rally today, with focuses on back-to-normal optimism. Germany's DAX is even more impressive, with more than 3.7% against at the time of writing, after a three-day break. It's supported by news that Chancellor Angela Merkel's ruling coalition is working on another massive stimulus...
Aussie Firm as RBA Stands Pat, Risk Appetite Continues
Risk appetite continues today with mild strength in Asian markets, following the slightly higher close in US overnight. It seems that investors completing ignoring the unrest in the US, as well as its tension with China. In the currency markets, Sterling is currently the strongest one for today, followed...
Euro Loses Some Upside Momentum While Risk Appetite Continues
Risk appetite remains generally firm in European session but trading has turned a bit subdued with France, Germany and Swiss on bank holiday. Dollar is trying to recovery entering into US session, but remains one of the weakest, along with Yen and Swiss France. Australian Dollar is leading commodity...
Aussie Surges as Markets in Full Risk-On, All Risks Shrugged
Risk-on mode continues in Asian markets today. Investors, in particular in Hong Kong markets, basically shrugged off US President Donald Trump's announcements regarding China. There is also no reaction to the unrest in US. Instead, traders continued to cheer economy reopening, as well as positive data from China. Australian...
Old and New Risks Ignored So Far, Dollar to Decide Reversal or Not Soon
Some old and new global risks, other than coronavirus, have been (re-)emerging in recent weeks. US-China relation is heading another step towards cold war with US President Donald Trump's new set of measures against China announced on Friday. Unrest that started in Minneapolis quickly spread from Los Angeles to Miami...
Euro Power Continues, Follow by Yen on Mild Risk-Off
Markets are in mild risk off mode before weekly close, awaiting US President Donald Trump's "interesting" and "powerful" measures on China. Though, this time, Euro is boosted as the strongest one, followed by Yen. Dollar and Swiss Franc are the weakest for today. Overall, Euro is staying as the...
Dollar Weakens, Stocks Turn Cautious, Awaiting Trump’s Announcement on China
Dollar remains generally weak in Asian session, with notable selloff against Yen too. Markets generally turned cautious as US President Donald Trump is set to announce his new China policies on Friday. This is in response to China's passing of national security law to forcibly impose on Hong Kong....
Dollar Mildly Lower after Poor Durable Orders, Euro Extending Gains
Dollar is trading a touch softer in early US session after poor durable goods orders. Euro, on the other hand, is trying to extend the EU stimulus triggered gains. Overall, movements in the forex markets today are relatively limited. Yen and the greenback remain the weakest for the week...
Asia Mixed With Eyes on US-China Tensions Over Hong Kong
Asian markets continued to ignore risk rally in US and trade mixed today. Sentiments are mildly weighed down by US-China tensions over Hong Kong. But reactions are so far limited. Euro and Dollar are mildly firmer in Asian session but major pairs and crosses are staying inside yesterday's range....
Euro Flies High on EU New Generation Recovery Plan
Euro surges broadly today as traders more than welcome the new EU pandemic recovery plan. Canadian Dollar is currently the second strongest while the greenback is the third. Strength in Euro appears to have prompted some selloff in Sterling as well as Australian Dollars. The Pound is somewhat weighed...
Dollar Recovers as Markets Turned Mixed, Awaiting Trump’s Very Powerful Response to China
The forex markets turned mixed today, together with major Asian indices. Dollar and Yen are trying to recover but there isn't any conviction in buying. Both remain the worst performing ones for the week so far. News regarding lockdown exits and coronavirus vaccines were generally welcomed. But investors are...
Coronavirus Vaccine News Boost Risk Appetite Again, Dollar in Free Fall
Risk appetite is back driving the global financial markets, after biotech company Novavax said it has started phase 1 human trials of coronavirus vaccine candidate. DOW future points to a breakout from recent rally for rally resumption. Dollar, Yen and Swiss Franc are decisively sold off across the board....
Sentiments Firm Up as Markets Left Hong Kong Tensions Behind, Comforted by PBoC Pledge
Asian markets strengthen generally as investors put Hong Kong tensions behind for the moment. Sentiments are also somewhat lifted as PBoC pledged to continue with targeted easing measures. Commodity currencies are generally higher as led by New Zealand Dollar for now. Yen and Dollar are the weakest ones, followed...
Sterling Mildly Higher in Holiday Markets, Gains Limited
The markets remain generally steady today, with UK and US markets on holiday. Sterling is mildly higher, followed by commodity currencies. On the other hand, Yen, Dollar and Euro are the relatively weaker ones. But after all, major pairs and crosses are stuck inside Friday's range. Investors would probably...
Euro Softer in Quiet Trading, Activity Might Stay Subdued Today
Asian markets are relatively mixed in quiet trading as another week starts. Hong Kong stocks dip mildly following Sunday's protests against the national security laws. But some optimism is seen in Japan with Nikkei's rise. Movements in the stock indices are limited anyway. Sterling is trading mildly higher, followed...
China’s Diplomatic Tensions Overshadow Global Coronavirus Pandemic Exit Optimism
While Dollar and Yen staged notable rebound towards the end of week, they still ended as the worst performing ones. On the other hand, commodity currencies were the best performers despite paring some of the gains. Markets were lifted by optimism that the world is moving closer to lockdown...
Dollar and Yen Firm But No Extra Risk Aversion Outside Hong Kong
Yen and Dollar remains the strongest ones for today while commodity currencies are weakest, led by Aussie. There was no follow through buying in Dollar and Yen beyond Asian session. The panic selloff in Hong Kong stocks didn't spillover to other markets and even US futures are pointing to...
Markets in Risk Aversion Over Hong Kong’s Future, Yen and Dollar Rebound
Yen and Dollar surge in Asian session today as markets are clouded by new uncertainty over Hong Kong's future. The situation carries significance firstly on the direction of US-China trade tension. Secondly, Hong Kong's international financial hub status could be in question, which would limit China's ability to raise...
Dollar Recovery Attempt Falters Quickly, Swiss Franc Dives Again
The financial markets are, generally speaking, a bit mixed today. European stocks are slightly in red while US futures are down. But losses are very limited. Bulls are still in overwhelming control. In the currency markets, Swiss Franc drops sharply as recent volatile trading continues. Dollar attempted for a...