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 […]
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 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 […]
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.
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 […]
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 […]