Yen Rebounding Further on Risk Aversion and Falling Yields
With the help from risk aversion and extended pull back in benchmark global treasury yields, Yen's rebound is making some progress. US 10-year yield is back below 2.9% handle in Asian session while Germany 10-year bund yield also broke 1% yesterday. Euro and Dollar are still relatively firm on...
Dollar Trying to Rally Again after CPI, Euro Shrugs Hawkish ECB
As initial reactions to higher than expected headline and core CPI readings, Dollar is trying to resume its near term advance, which stocks futures are paring gains. The question is how sustainable the rally could be. Euro was rather indifferent to hawkish comments from ECB officials, who continued to...
Markets Tread Water ahead of US CPI, Gold and Yields Dip
The forex markets are stuck in very tight range in Asia session today, as traders are awaiting another set of consumer inflation data from the US. For now, Dollar, Euro and Yen are the stronger ones for the week, and they're range bound against each other. Commodity currencies remain...
Dollar Ranging Against Euro and Yen, Markets Turning Cautious With Stabilization
Risk sentiment stabilizes today with rebound in major European stocks while US futures also point to higher open. Selloff in commodity currencies slow a bit but they remain the worst performers, led by Aussie. Yen, Euro and Dollar are the stronger ones, and they're mixed against each other. Sterling...
Euro Resilient in Risk-Off Markets, Aussie Selloff Continues
The markets are still staying in overall risk-off mode this week so far, with selloff in stocks, gold, oil and cryptos. Commodity currencies are trading broadly lower as as result, led by Aussie. Dollar and Yen are generally firmer, but they're outshone by the surprisingly resilient Euro, and to...
Risk Aversion Still Dominates But Dollar Lost Momentum, Euro Recovers
Risk aversion is the theme of the day, with major European indexes trading in red, while US futures are also diving. Australian Dollar is leading other commodity currencies lower. While Dollar is firm, it's losing some momentum entering into US session. In particular, the greenback is retreating after failing...
Aussie Tumbles as Markets Open in Risk-Off Sentiment
Markets open the week with risk-off sentiment, in particular in Japan. Australian and New Zealand Dollar are trading broadly lower as a result. On the other hand, Dollar is rising broadly. European majors are mixed together with Yen and Canadian.
Technically, however, bother EUR/USD and USD/JPY are still bounded in...
Traders Still Betting on 75bps Hike by Fed in June, Dollar Rally Capped
While RBA, Fed and BoE announced rate hikes last week, the impacts and reactions were rather delivered. RBA's larger than expected hike was well received and helped Aussie secured the first place, even though it pared back much gains on risk-aversion. On the other hand, BoE's announcement was considered...
Euro Talked Up By ECB Hawks, Dollar Shrugs NFP
Dollar turns slightly softer in early US session even though non-farm payroll report came in slightly better than expected. Yen is also weak on rising benchmark global yields. On the other hand, Euro jumps broadly as supported by hawkish comments from ECB officials. As for the week, Aussie and...
Dollar Back in Control ahead of NFP, Risk Aversion Back
Dollar is back in control as markets turned back into risk-off mode, just a day after the rallies triggered by Fed Chair Jerome Powell's comments. Investors are apparently not too convinced by the ruling out of 75bps hike after a second thought. Focuses will turn to non-farm payroll report...
Sterling Collapses after Dovish BoE Hike, Dollar Regains Ground
Sterling drops sharply today even after BoE raised interest rate as expected. The trigger was the warning that of recession as high inflation hurts real incomes of household and profits of businesses. Aussie and Kiwi are also trading lower as yesterday's risk-on rally fades. Dollar, on the other hand,...
Dollar Down, Stocks Surged after Powell Surprise, BoE Next
Dollar dropped notably overnight after Fed Chair Jerome Powell surprised the markets by ruling out a 75bps rate hike. The comment also boosted US stocks sharply higher. Risk-on sentiment helped commodity currencies rebound. But European majors are lagging behind. Yen is so far mixed, with slight retreat in US...
Swiss Franc Dips, Dollar Range Bound as Fed Hike Awaited
Major forex pairs are generally stuck inside yesterday's range as markets await FOMC rate decision. Swiss Franc is the exception, though, as the selloff against Euro spreads to other Franc pairs. Dollar and Canadian are the next weaker ones. On the other hand, Aussie and Kiwi are the firmer...
Markets in Tight Range ahead of Fed Hike, Dollar Firm
Overall, the markets are pretty quiet as focuses turns to Fed's rate hike and guidance today. Dollar is consolidating in tight range, preparing for the next move. For now, Aussie and Loonie are the stronger ones for the week, but they only have a slim advantage over the greenback....
Dollar Softer Slightly, European Majors Trying a Rebound
Dollar is turning softer entering into US session, as traders might start to lighten up position ahead tomorrow's FOMC rate decision. Commodity currencies are also soft, except Aussie which is supported by RBA's hawkish rate hike. Yet, there is no clear follow through buying in Aussie. European majors, on...
Aussie Jumps after RBA Rate Hike, But Lacks Follow Through Buying
Australian Dollar rebounds broadly after the larger than expected rate hike by RBA, and takes up New Zealand Dollar too. But there is no clear follow through buying yet. Swiss Franc is currently the weakest one for the day, followed by Dollar and Yen. Apparently, overall development suggests steady...
Dollar Staying Firm in Quiet Markets, Canadian Dollar Lower With Oil Price
Dollar remains the firmer one today, in quiet markets, as traders are awaiting Fed's rate hike, and forward guidance later in the week. Yen's trading tone is so far positive, as risk markets lack buyers. Commodity currencies are weak together with Euro and Sterling. Aussie is the relatively steadier...
A Busy Week With RBA, Fed, BoE, and NFP, Dollar Starts Firm
Dollar rises broadly again today but Asian session is a bit quiet with China and Hong Kong on holiday. Selling mainly concentrates on Aussie and Kiwi, with both breaking through last week's lows. But Euro and Yen are not too far away. Sterling and Canadian are mixed for now....
Dollar Index Hit Two-Decade High as Focus Turns to Fed Hike
Dollar ended up as the strongest one last week, having the best week since 2015 and with Dollar index hitting a two-decade high. Though, the rally somewhat slowed towards the end of the week. It could be a result of month end flow or traders' cautiousness ahead of Fed....
Dollar Consolidates Gain after Strong PCE Inflation Data
Lots of important economic data are released today but they're largely ignored. Inflation data from the US and Eurozone are strong. Canada's monthly GDP growth was well above expectation while Eurozone GDP growth turned weaker in Q1. But reactions to them are mild. While the greenback is paring some...