Yen is under broad based selling pressure today as sentiments somewhat improved with expectations of more stimulus from China to counter the impact of Wuhan coronavirus outbreak. Additionally, Japanese Prime Minister Shinzo Abe is under increasing political pressure on handling the spread of the coronavirus in the country. Sterling...
Yen, Swiss Franc and Dollar weaken mildly today as risk markets stabilized. On the other hand, commodity currencies recover generally. But the movements are so far limited. Investors remain vigilant on the development of China's Wuhan coronavirus outbreak, but there is no breakthrough in either direction yet. FOMC minutes...
Markets remain in risk-off mode today after Apple's warning that China's Wuhan coronavirus outbreak would hurt sales. Deep deterioration in German economic sentiment also reflect the impact on confidence. Investors will likely remain fragile until there is sign of full operation resumption in China. But that won't happen soon....
Markets are back in risk off mode in Asia after Apple's warning. While Wuhan coronavirus cases in China might appear to have slowed, investors remain vigilant. More risks lie ahead with German economic sentiment data featured today. For now, commodity currencies are the weakest ones as led by Australian...
Markets are generally quite today with US on holiday. PBoC's stimulus measure might have boosted Chinese stocks higher. Reactions from other markets are rather muted. Investors remain generally cautious as this week's February sentiment data will reveal how much China's Wuhan Coronavirus outbreak is hurting confidence. In the currency...
Asian markets are mixed as another week starts. Nikkei weakens, together with Yen, as data showed the Japan economy suffered worst contraction in six years. Singapore Strait Times is also mildly lower after the government downgrade this year's growth forecast. Yet, China and Hong Kong stocks are trading mildly...
While China's Wuhan coronavirus outbreak remained a major focus last week and triggered much volatility. But overall, stocks investors seemed not too bothered, with US indices continuing record runs. Other major markets are mixed only FTSE and Nikkei ended the week lower only. Gold closed higher but is well...
Economic data released today are generally ignored by the markets. Dollar is mixed, paying little attention to US retail sales. Euro recovers mildly today on short profit taking ahead of weekend. But it remains the weakest one for the week. Swiss Franc and Yen are trading as the next...
Euro remains the weakest one for the week as selloff deepens. It seems that markets believe the coronavirus outbreak in China would hurt Eurozone's economy more, in particular the export led German economy. Optimism of recovery this year is dented. Swiss Franc is somewhat dragged down by the common...
Global stock markets tumble today after China reported a strong daily increase of 15152 Wuhan coronavirus cases on February 12. That was a huge difference from 2015 new cases reported for a day ago. However, the mass difference was due to change in counting method in Hubei province, which...
Dollar surges to highest level against Euro as helped by rebound in US treasury yields overnight, as well as extended record runs in stocks. Nevertheless, sentiments in Asian turn back into risk-off mode, Yen and Swiss Franc are outshining the greenback for today. Australian and New Zealand Dollars are...
Risk appetite stays strong in the global markets, with European indices registering solid gains. US futures also point higher open for extending recent record runs. Yen is under some selling pressure today, together with Dollar and Euro. On the other hand, commodity currencies are generally higher, with Kiwi being...
New Zealand Dollar surges broadly today after RBNZ's hawkish hold. Other commodity currencies follow as risk appetite returns to the markets, on hope that China's coronavirus outbreak would peak soon. US stock indices also hit new records after Fed Chair Jerome Powell's affirmative comments. While Dollar turns softer, there...
Yen and Swiss are trading generally softer today as risk markets pick up some momentum again. On the other hand, Australian Dollar is leading other commodity currencies higher. Dollar is mixed for the moment, awaiting Fed Chair Jerome Powell's testimony. Rally in stock markets could extend if Powell affirms...
Market sentiments are generally calm in Asia, which follow US equities higher. Investors were assured by Fed officials that interest rate is going to stay low at current level for a while. Commodity currencies are recovering today, with Aussie leading the way, even though upside remains rather limited. Yen...
Global financial markets are in mild risk averse mode today but movements are limited. Dollar is lifted by renewed buying in early US session, and it's extending recent rally against Euro and Canadian Dollar. Strength against other major currencies is not apparent yet. In particular, Sterling is currently the...
Asian markets trade mildly lower as China's coronavirus continues to spread. But losses in major indices are so far limited. In the currency markets, commodity currencies are trading to recovery some of last week's losses, together with Sterling. Yen and Dollar turn weaker despite mild risk aversion. But major...
Dollar ended last week as the strongest one as markets put China's coronavius behind. Instead, strong risk sentiments lifted major US indices to new record highs. Friday's pull back was likely due to pre-weekend profit taking only. Latest batch of economic data, including ISMs and NFP, suggested that US...
Dollar remains firm in early US session after strong headline NFP number. But there is no follow through buying for the moment. Risk appetite also recede mildly as market head towards weekly close. Over the week, Dollar remains the strongest one, followed by Australian Dollar and then Canadian. Sterling...
Dollar is trading with a firm tone as markets await non-farm payrolls report from the US. Bet on a Fed rate cut by June receded this week, currently a 36.6% as indicated by fed fund futures, as stocks extended record runs. A set of solid job data could give...