Euro and Pound Rally on UK-EU Pact, Dollar WobblesEuro and Sterling surged today after the UK and EU unveiled a sweeping new agreement resetting their defence and trade relationship, the most substantial since Brexit in 2020. The comprehensive deal spans key sectors including security, energy, travel, trade, and ...
Moody’s Downgrade Disrupts Calm from Tariff Truce, Dollar Faces New TestJust as markets were finding their footing following a series of positive trade developments, Moody’s delivered a late-week shock by downgrading the US sovereign credit rating from Aaa to Aa1. The move overshadowed the optimism sparked by the US-China tariff ...
Markets Stuck in Ranges as Data Fail to InspireMarket activity remains subdued ahead of the weekend, with major currency pairs and crosses locked within yesterday’s tight ranges. Earlier in the day, New Zealand Dollar received a brief lift from rise in inflation expectations, but the move lacked conviction ...
Weak Data Overlooked as Yen Rises on Risk-Off MoodMild risk-off mood is helping Yen to extend its near-term rebound, despite fresh signs of economic weakness at home. Japan’s economy was already showing signs of strain even before the impact of US tariffs, with Q1 GDP contracting more sharply ...
Markets Tread Water as Traders Shrug Off US PPI and UK GDP SurprisesGlobal financial markets are trading in tight ranges today, with little conviction seen across major asset classes. U.S. futures are pointing to a mildly weaker open. Despite a surprise decline in US producer prices in April, suggesting a possible easing ...
Cautious Trade as APEC Cuts Growth View, Key UK and US Releases AwaitedActivity in the global stock markets remained relatively subdued, with US posting a mixed close overnight and Asian markets slipping modestly lower today. Despite China’s 50bps Reserve Requirement Ratio cut taking effect, expected to inject over USD 138B into the ...
Dollar Steadies After Early Weakness, Focus Turns to Australia Jobs DataDollar faced broad selling pressure throughout the Asian and European sessions but has since found some footing as markets transition into the US trading day. However, direction remains murky, with traders appearing undecided on whether to push the greenback higher ...
Dollar Rally Stalls, Market Cools, Trade Optimism Tempered by RealityGlobal markets showed signs of fatigue overnight as trade optimism gave way to a more cautious tone. In the US, the S&P 500 eked out another gain, turning positive for the year, while DOW lagged and closed modestly lower. The ...
Dollar Eases as Trade Boost Fades, Sterling Finds Support on Wages and BoE RhetoricDollar softened slightly in early US trading today, though the move appears more related to a fading post-trade-deal rally than any direct reaction to economic data. While April’s inflation report showed encouraging progress on headline disinflation, the core CPI reading ...
Fed Cut Bets Recede Ahead of US CPI, Dollar Approaches Key ResistanceGlobal equity markets surged overnight in response to the breakthrough US-China tariff truce, with risk appetite roaring back across the board. DOW jumped more than 1100 points, while S&P 500 and NASDAQ surged 3.26% and 4.35%, respectively. The relief rally ...
Risk Assets Soar as US-China Tariff Rollback Surpasses ExpectationsGlobal risk markets surged after the surprising breakthrough in US-China trade negotiations delivered results far beyond market expectations. Just days ago, hopes were low, with even the mere continuation of talks seen as a positive development. Investors had braced for ...
Sterling and Dollar Lead as Trade Deal Grabs AttentionLast week was dominated by developments out of the US and UK, not just because of monetary policy decisions, but also the unexpected announcement of a US-UK trade deal. Fed’s hold and BoE’s cut were were largely overshadowed by the ...
Markets Turn Cautious Again Ahead of US-China Talks in SwitzerlandThe forex markets are quiet today, with major pairs largely consolidating after yesterday’s modest directional movement. Dollar and British Pound remain the strongest performers overall, bolstered earlier in the week by the announcement of the US-UK trade agreement. However, both ...
Dollar Strengthens on Trade Deal, But Details Keep Risk Sentiment TameMarket reaction to the much-anticipated US-UK trade agreement was cautiously positive, though not particularly enthusiastic. While major US equity indices closed higher overnight, DOW, S&P 500, and NASDAQ all gave back early gains to finish near their opening levels, suggesting ...
Pound and Dollar Lead FX on UK-US Trade Deal, BoE Cut OvershadowedSterling and the US Dollar are leading gains among major currencies today, lifted by anticipation surrounding the imminent announcement of a comprehensive US-UK trade agreement. The Pound remained resilient after BoE’s expected 25bps rate cut. The three-way split within the ...
Sterling in Focus as BoE Decision and US-UK Trade Deal Speculation LoomTrading in the forex markets remains subdued. Fed’s policy announcement overnight triggered minimal market reaction, as it delivered a widely expected hold at 4.25–4.50%. While Fed acknowledged that risks of both higher unemployment and higher inflation have increased, Chair Jerome ...
Calm in Currency Markets Ahead of Fed’s Fourth Straight HoldThe forex markets are treading water ahead of today’s FOMC decision. While the announcement typically acts as a volatility trigger, the lack of suspense surrounding this meeting could mean muted price action even after Chair Jerome Powell’s press conference. Markets ...
Thaw in US-China Tensions With Geneva Talk Scheduled, But Markets Stay Guarded Before FOMCPositive developments out of Asia offered some encouragement to global investors today, though market responses remained muted. China unveiled a wide-ranging stimulus package, cutting both its seven-day reverse repo rate and the reserve requirement ratio to inject liquidity to stabilize ...
