The Dollar majors have been plying narrow ranges in early-week trading so far, with principal pairings and associated cross rates showing less than a 0.2% net movement heading into the London interbank open. EUR-USD settled in the upper 1.1100s. The pair was lifted on Friday from levels around 1.1170 by reports that Germany will shift […]
EUR-USD has declined for a fifth consecutive day, earlier pegging a two-week low at 1.1074. A stop-loss and long-covering decline in EUR-GBP, which has fallen by nearly 1%, has driven a broader underperformance in the Euro. EUR-USD’s ebb today has extended the fall the pairing saw following yesterday’s firmer than expected U.S. retail sales and […]
The dollar headed mostly lower in N.Y. on Friday, dented by a softer consumer sentiment report, and news that Germany will shift to deficit spending should the country enter recession. The latter gave the euro a boost from two-week low of 1.10667, to 1.1106 highs. USD-JPY remained supported by general risk-on conditions, topping at 106.43, […]
A revival in risk-off positioning saw the Yen more than recover losses seen earlier in the day, while S&P 500 went from showing a 0.7% gain to a 0.6% loss in overnight trading. Beijing’s vow to take “necessary countermeasures” rekindled investor anxiety, offsetting President Trump’s decision to delay the latest earmarked tariffs to December from […]
OVERVIEW Investor pour flows into traditional safe-haven assets Euro drops below 1.12 handle over fears of a recession. WTI Crude oil drops for the second day in a row after Chinese declarations of trade policy intentions.
The Dollar was mostly firmer through the N.Y. session on Thursday, with gains coming on the back of decent U.S. data. Trade angst remains front and center, which has tended to support the USD and JPY this week. EUR-USD faded to two-week lows of 1.1092 before recovering over 1.1115. USD-JPY peaked at 106.34, though later […]
Narrow ranges have been prevailing amid a restive mood in global markets. Hopes for more central bank stimulus have been winning out in equity markets, for now, though this is juxtaposed by fears that a number of major economies are simultaneously heading for recession, with a number of developing-world economies with high dollar debt levels […]
The Yen rallied during the London morning session, recouping a portion of the losses seen yesterday after President Trump’s partial de-escalation of his trade war with China. Data showing the slowest rise in Chinese industrial production in 17 years, along with a -0.1% q/q print in German Q2 GDP, spooked markets anew, sparking a sharp […]
OVERVIEW Gold consolidates near its highest level since April 2013 over a global economic slowdown. USD/CAD is toying with the upper range of 1.32-1.33 over weak oil prices. WTI Crude oil lost 3.3% to fall to $55.25 a barrel with soft global economic growth.
OVERVIEW Gold consolidates near its highest level since April 2013 over a global economic slowdown. USD/CAD is toying with the upper range of 1.32-1.33 over weak oil prices. WTI Crude oil lost 3.3% to fall to $55.25 a barrel with soft global economic growth.
OVERVIEW Gold consolidates near its highest level since April 2013 over a global economic slowdown. USD/CAD is toying with the upper range of 1.32-1.33 over weak oil prices. WTI Crude oil lost 3.3% to fall to $55.25 a barrel with soft global economic growth.
The Dollar was mostly firmer in N.Y. on Wednesday, with severe risk off conditions helping the USD and JPY. Wall Street melted down as the 2-10 year Treasury curve inverted for the first time since 2006, indicating heightened risk for a recession at some point in 2020. In addition, the 30-year bond yields fell to […]
The Aussie Dollar rallied on Australian employment data, which expanded by 41k, well up on the median forecast for a 14k rise and with full-time positions making up a solid 34.5k of the total. Despite a 2.8% closing loss in the local ASX equity index, which markedly underperformed other Asian indexes, the data catalyzed a […]
Currency markets have been in a somewhat directionally non-committal mood, with even a backdrop of sputtering global stock markets only managing to elicit modest safe-haven positioning. USD-JPY ebbed to within a pip of the seven-month low seen yesterday at 105.05. EUR-JPY and AUD-JPY also drifted lower, though both remained off their respective lows from yesterday. […]
OVERVIEW Gold jumped 0.5% to its highest level since April 2013 over global tensions. USD/CAD is directionless and is keeping an eye on the oil futures market. WTI Crude oil shed 0.9% after a three-day gain.
The Dollar firmed up early in the session, supported by a warmer than expected U.S. CPI report. Wall Street and Treasury yields started lower however, with the 30-year bond printing all-time low yields of 2.095%. The Dollar, equities, and yields were subsequently jolted higher by news that the U.S. would re-start trade negotiations with China, […]
Consolidation has been ensuing so far today among the main currencies, which follows the bout of risk-off-reversal positioning during yesterday’s London afternoon session after President Trump announced a delay in new tariffs on Chinese goods imports. USD-JPY settled in the mid 106.0s, below yesterday’s peak at 106.97, which was the product of a vertiginous rally […]
The Pound hit fresh major-trend lows in thin Asia markets (both Japan and Singapore centres have been closed for public holidays), which put Cable at a 31-month low at 1.2015, GBP-JPY at a 33-month low and EUR-GBP at a 10-year high, at 0.9324. The fresh lows follow Friday’s unexpected quarterly contraction in Q2 GDP data […]
A risk-off theme propelled the Yen higher while the likes of the China-proxy Australian Dollar, and many developing-world currencies, underperformed. The Breixt-afflicted Pound also posted fresh major-trend lows during a notably thin Asian session (amid holidays in Japan and Singapore) but managed to rebound some. Cable lifted back above 1.2050 after printing a 31-month low […]
OVERVIEW GBP/USD is recovering from recent lows but remains vulnerable to Brexit uncertainty USD/CAD is directionless as it keeps an eye on the oil futures market. WTI Crude oil gains on the day after crashing 9% last week.
The Dollar faded lower through the N.Y. session, though ranged remained narrow. The DXY opened at highs of 97.55, later making its way to 97.33 lows. There was no data to drive the market on Monday, though the trade war, Hong Kong protests, Italian government crisis, Brexit, etc, saw Treasury yields and Wall Street slide. […]
The Dollar has traded moderately firmer against most of the other main currencies outside the case against the Australian Dollar, which has modestly outperformed so far today. The Yen softened, correcting some of the recent safe-haven driven gains, despite a tumble on Wall Street yesterday and across Asian equity bourses today, though the Japanese currency […]
The Dollar majors have been trading narrowly, with the main pairings holding within yesterday’s ranges. This follows what has been a pretty volatile week, which has seen the Yen hit major trend highs against many currencies in a safe-haven driven move, before steadying concomitantly with a breakout of relative calmness in global stock markets following […]
Sterling came under pressure following data showing an unexpected 0.2% q/q contraction in preliminary UK Q2 GDP, which saw Cable match the 27-month low seen last week at 1.2079, while the UK currency printed a fresh 24-month low against the Euro. EUR-USD, meanwhile, continued to orbit the 1.1200 level, despite some bearish Euro leads, with […]
OVERVIEW GBP plunges again on soft GDP readings. USD/CAD is choppy after a weak employment report card WTI Crude oil continues to move northbound, gaining 3% as of this writing.
The Dollar edged lower through the morning session in N.Y. on Friday, weighed down some by a cooler core U.S. PPI print. The DXY fell to 97.36 from early highs of 97.61, before recovering over 97.50 into the close on pre-weekend short covering. Wall Street was lower on ongoing trade concerns, while Treasury yields remained […]
Comparative calm, and comparatively narrow ranges have been ensuing so far today. The main theme has been a moderate decline in the Yen amid a backdrop of recouping stock markets. USD-JPY has settled in the lower 106.00s, above the seven-month low seen yesterday at 105.49. AUD-JPY, EUR-JPY and other Yen crosses have also posted moderate […]
Some Yen weakness and a rebound in the Australian Dollar have been the main themes so far today among the main currencies. An unexpected rise in Chinese exports in July helped buoy both investor spirits and the Aussie buck, the latter by way of its status as a China proxy. And, while the PBoC’s official […]