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A generally firmer Dollar and Yen, and a souring in risk appetite, will greet U.S. market participants as they return to their desks from their long weekend. USD-JPY edged out a three-day low of 109.32, driven by Yen outperformance as forex markets week looking for safe havens. Read more
The Dollar and Yen have traded firmer against most other currencies, with the Japanese unit itself outperforming overall, which has pressed USD-JPY to a two-day low of 109.38. Forex markets are in a safe-haven mode, with Asia stock markets down and S&P 500 futures racking up a 0.8% loss in overnight trading, pointing to a hefty opening loss on Wall Street later. Read more
OVERVIEW The US dollar index, DXY, is flat around 95.32, against other major currencies. Chinese macro data shows its economy is stalling, while their GDP is growing aa round a 6.4% rate. NYMEX WTI Crude made gains of 0.17% to $53.90, a nine-week high. HIGHLIGHT The Euro has moved into a consolidation zone against the greenback, trading around the mid-point of 1.13. Read more
There hasn't been a strong theme in forex markets so far today. Sterling paring losses seen during the early part of the London session, while EUR-USD settled in the upper 1.1300s, above Friday's 17-day low at 1.1353, and near the 1.1400 level, which roughly marks the midway point of a broadly sideways range that's been unfolding for three months now. Read more
The Dollar majors have been trading with little directional bias so far today. EUR-USD has settled in the upper 1.1300s, up from Friday's 17-day low at 1.1353, and near the 1.1400 level, which roughly marks the midway point of a broadly sideways range that's been unfolding for three months now. Read more
The Dollar rallied through the morning session in N.Y. on Friday, taking the DXY to two-week highs of 96.39. Gains came following news that China may ramp up purchases of U.S. goods over the next 6-years, with the goal of eliminating the current trade imbalance. Read more
OVERVIEW The Dollar Index is up 0.15%, looking towards a higher weekly close. Risk-on sentiment returned and gold is trading 0.7% lower. World equity markets are in green. NYMEX WTI Crude marches higher 0.75% to trade near $52.50 a barrel. HIGHLIGHT The Canadian loonie is trading in a consolidation zone over the five sessions after appreciating nearly 3.5% since the beginning of the month. Read more
A risk-back-on theme in global markets found expression in forex markets by weakening the Yen. USD-JPY lifted to a 16-day high of 109.59, while EUR-JPY has printed a three-day high, and AUD-JPY a one-month peak. The Yen's softness has been concomitant with a revival in risk appetite in global markets, which was sparked by WSJ report yesterday, alleging that U.S. Read more
The main theme has been Yen softness so far today, which has been concomitant with a revival in risk appetite in global markets. A WSJ report, citing unnamed sources, alleged that U.S. Treasury Secretary Mnuchin discusses lifting some or all of the tariffs imposed on Chinese imports. Read more
