Market Overview
Kiwi Rebounds after RBNZ, Sterling Awaits Inflation Data
New Zealand Dollar trades broadly higher after RBNZ's rate hike today. But trading is mixed in other currencies. Commodity currencies are generally on the soft side for the week, but there is no follow through selling. Dollar is still the strongest, but it's struggling to extend the near term...
Dollar Remains Firm, But Yen Reversing
While Dollar remains generally firm, Yen is reversing much of this week's gain. The moves come as European benchmark yields are trading generally higher. Major European stock indexes are also in slight positive position. Canadian Dollar is rebounding, responding more to rising core inflation reading. European majors and other...
Dollar and Yen Firmer on Recession Talks
Yen and Dollar are so far stronger for the week, with recession as a main theme in the markets. Yet, their upside is relatively limited, as US stocks managed to extend near term rally overnight. Commodity currencies are generally on the softer side, but Aussie, Kiwi and Loonie are...
Yen Extending Rally on Negative Sentiment
Negative sentiment started earlier in the day following weak economic data from China, and spread particular serious to some commodities like oil and copper. Aussie is currently leading New Zealand and Canadian Dollar down. Yen is trading generally higher, taking Dollar and Swiss Franc up. Meanwhile, Euro and Sterling...
Yen Rises, Commodity Currencies Soften after China Data Miss
Commodity currencies soften mildly in Asian session today, following weaker than expected economic data from China. On the other hand, Yen is leading Dollar and Swiss Franc higher. Euro and Sterling are mixed for now. Overall sentiment is mixed, with notable gains in Nikkei but other Asian indexes are...
Downside Breakouts in Euro and Sterling Crosses to Overshadow Dollar Volatility
Expectations on the size of next Fed rate hike shifted again last week, with stocks cheering lower than expected consumer inflation reading in the US. Dollar ended as the worst performer but it did have a late come back following rebound in benchmark treasury yields. Indeed, it was the...
Sterling Falls Broadly after GDP, Dollar Paring Losses
Sterling falls broadly today while smaller than expected GDP contraction didn't ease recession worry. Euro is also weak following decline in Germany benchmark yield, but Yen was worse. Dollar, on the other hand, is trying to reverse this week's losses, with help from the strong rebound in 10 year...
Dollar Staying Weak, But Yen Turns Lower Too
Dollar remains the worst performing major currency for the week, but the dynamics are shifting. Yen is giving up much of its gain, following the strong rebound in benchmark treasury yields, but Swiss Franc is still firm. Euro and Sterling are somewhat under pressure too, while smaller than expected...
Dollar Selloff Resumes after PPI Miss
Dollar selloff resumes in early US session after lower than expected PPI reading. Aussie and Kiwi are strong as supported by risk-on sentiments but Canadian is lagging behind. Yen is also firm, together with Swiss Franc, thanks to falling yields. Euro and Sterling continue to be mixed. In other...
Dollar Recovering Mildly after Selloff, Aussie and Kiwi Strong
After yesterday's selloff, Dollar is recovering slightly in Asian session today. But the greenback remains the worst performing one for the week. New Zealand and Australian Dollars are taking most advantage for now, helped by risk-on sentiment. But Swiss Franc and Yen are also strong on falling major benchmark...
Dollar Hammered after CPI Miss, Yen Strongest But Others May Catch Up
Dollar falls broadly in early US session after data shows headline CPI slowed more than expected, which core inflation held steady. Yen is gaining most against the greenback for now, with extra help from falling treasury yields. But it's unsure for now long Yen's rally against others could last....
Markets in Hibernation as US CPI Awaited
The forex markets are somewhat in hibernation mode this week. Dollar is currently the weakest one, followed Yen. Commodity currencies are generally firm. But Swiss Franc is the strongest, thanks to buying against the weakening Euro and Sterling. But overall, with the exception of a few Yen pairs, major...
Euro Rises Slightly in Dull Markets, Dollar Mixed
Euro rises slightly as market sentiments are flip-flopping today. Sterling and Swiss Franc are also trading higher. On the other hand, commodity currencies turn soft with Aussie paring most of recent gains. Dollar and Yen are mixed for now. IN other markets, Silver is trading firmer but Gold is...
Swiss Franc Rises in Very Quiet Markets Euro and Sterling on the Soft Side
The forex markets are very quiet in Asian session today, and could remain so for the day with an ultra light economic calendar. Australian Dollar and Swiss Franc are currently the stronger ones for the week, followed by Canadian and Kiwi. On the other hand, Dollar and Yen are...
Markets in Risk-on Mood, Aussie Higher, Dollar Lower
The financial markets are trading with a risk-on mood today. Major European indexes are trading up while US futures also point to higher open. Commodity currencies are trading generally higher, as led by Aussie. Meanwhile, Dollar is leading Yen and Euro lower. Sterling and Swiss Franc are mixed for...
Yen Stays Weak in Quiet Markets, US CPI to Move the Markets This Week
Yen stays generally soft in relatively quiet markets in Asia. But Dollar also softens slightly. On the other hand, Australian Dollar is firmer up on steady market sentiment, as followed by Swiss Franc and Euro. Sterling and Canadian are mixed for now. The economic calendar is light this week....
Dollar Rose, Yen Fell as Traders Adjusted Bet on Fed Hikes
The strong set of job market data seemed to have cleared much concern over recession in the US, and set the tone for the financial markets. Benchmark treasury yields jumped as traders added bets on Fed continuing with the current pace of tightening beyond neutral. Stocks markets were resiliently...
Dollar Soars Broadly after All-Round Strong NFP
Dollar soars broadly, together with benchmark treasury yields, after an all around strong non-farm payroll report. At the same times US futures tumble, apparently on expectations Fed's tightening pace will continue with such healthy job market. The greenback is now the strongest one for the week and the question...
Markets in Quiet Mode, Awaiting US Job Data
The currency markets are quiet overall as focus now turns to US job data. The post BoE selloff in Sterling didn't last long. Meanwhile, Dollar is still range bound against Euro and Yen. The greenback's rally attempt against Swiss Franc also faltered rather quickly. Commodity currencies are steady. Most...
Sterling Falls as BoE Forecasts Prolonged Recession
Sterling falls broadly today after BoE hikes by 50bps but indicates that a prolonged recession will start in the UK in Q4. But the selloff in the Pound is not helping Euro and Swiss Franc much, as both are mixed. Dollar and Canadian are following Sterling as next weakest....