Comprehensive Miss in Non-Farm Payroll Data Sends Dollar PlummetingDollar falls steeply in early US session following a disappointing non-farm payroll report that fell short of market expectations across key metrics including job growth, unemployment rate, and wage growth. DOW futures surge over 500 pts at the same time ...
Dollar Weakness Continues as Focus Shifts to Non-Farm Payroll DataDollar weakens broadly in Asian session, continuing its selloff from the previous night, as influenced by rebound in US stocks and falling treasury yields. The focus is now squarely on today’s non-farm payroll report, a key indicator closely monitored by ...
Swiss Franc Rebounds on Strong Inflation Data, Yen Standing TallSwiss Franc saw a significant rebound in European session, driven by stronger-than-expected inflation figures for April. Despite this upside surprise, inflation remained within SNB’s target range of 0-2% for the eleventh consecutive month. Currently, economists are still largely anticipating a ...
Sentiment Stabilizes after FOMC, Yen Jumps Again on Alleged Strategic InterventionMarkets sentiment in the US stabilized overnight, responding positively to Fed Chair Jerome Powell’s less hawkish-than-anticipated remarks in the post-FOMC press conference. DOW closed slightly up, while S&P 500 and NASDAQ saw mild losses only. Treasury yields and Dollar both ...
Dollar’s Rebound Pauses ahead of FOMC, Oil Prices DeclineDollar’s rally slowed slightly in early US session despite robust ADP job data, as traders adopt a cautious stance ahead of the highly anticipated FOMC statement and Chair Jerome Powell’s press conference. With a hawkish shift expected from Fed, the ...
Dollar Firms as Markets Brace for Hawkish Fed Shift, Swiss Franc Under PressureDollar rebounded broadly overnight and stayed generally firm in Asian session. Stock investors were apparently adopting a cautious stance and lightening up positions ahead of Fed’s rate decision and subsequent press conference today. With recent data pointing to persistent inflationary ...
Aussie Weighed Down by Retail Sales and China, Gold Ready for Another Down LegAustralian Dollar weakened across the board in Asian session, dragged down by unexpectedly poor retail sales data for March. The contraction in sales is a reminder to RBA about the ongoing impact of cost of living pressures exacerbated by higher ...
Yen Stabilizes After Sharp Rally, Japan Withholds Confirmation of InterventionYen is currently trading as the strongest currency for the day as the markets enter into US session. The earlier dip below 160 psychological support against Dollar spurred a wave of buying, propelling Yen sharply higher. However, subsequent trading has ...
Yen Rebounds Vigorously Post-160 Breach as Traders Take ProfitsJapanese Yen mounted a strong comeback in Asian session today after initial dip through 160 psychological support against Dollar. While the moves are exaggerated by today’s thin trading volumes due to public holiday in Japan, the strong rebound is marked ...
Yen’s Decline, Robust US Investor Confidence, and Aussie’s RiseLast week’s market activity was shaped by several significant themes. Firstly, the Japanese Yen’s rapid decline caught market participants off guard. The sell-off was exacerbated by what many considered tepid verbal interventions from Japanese officials. Current momentum suggests that the ...
Stronger Inflation Data Fails to Lift Dollar; Yen’s Decline PersistsDollar remains stable in early US session despite release of another set of persistently high inflation figures. The strong rebound in DOW futures suggest that investors are somewhat relieved to see no disastrous surge in inflation rates. Additionally, robust spending ...
Yen’s Free Fall Resumes Post-BoJ; Dollar Eyes PCE Inflation Data for RescueJapanese Yen resumes its free fall today, after a brief pause, and reaches new 34-year low against Dollar. Yen’s weakness is also broad-based and evident against other major currencies, with EUR/JPY marching towards its 2008 high and GBP/JPY heading to ...
Disappointing GDP Growth and Rising Inflation Spark Risk Sentiment U-TurnRisk sentiment took a sharp downturn following the release of US Q1 GDP data, which revealed weaker-than-expected economic growth alongside an acceleration in both headline and core PCE price indexes. This combination suggests that the US economy may be caught ...
Yen Weakens Further as Market Eyes Possible 160 Mark, Dollar Awaits Key GDP DataJapanese Yen’s accelerated decline captured significant attention in Asian session, while the broader currency markets remained generally stable. Market participants interpret the apparent lack of urgency from Japanese officials to address Yen’s fall as a tacit approval for its continued ...
Dollar Gains Following Durable Goods Data, Canadian Drops on Retail Sales MissDollar is making a modest recovery in early US session, supported by slightly better-than-expected durable goods orders and recovery in benchmark Treasury yields. However, the overarching direction of the greenback for the near term remains uncertain, largely dependent on shifting ...
Aussie Propelled by CPI, Has Stock Market Correction Ended?Australian Dollar is having a robust, broad-based rally today, boosted by unexpectedly strong CPI data. This inflation report is particularly notable given the unexpected reacceleration in monthly CPI in March, which contributed to the quarterly figure not slowing as much ...
Sterling and Euro Rebound on PMIs, But No Turn Around YetSterling and Euro rebound broadly today, bolstered by encouraging PMI data that suggests continued recovery momentum in both UK and Eurozone. For the Pound, the latest PMI readings indicate that UK’s recovery from last year’s recession is gathering pace. Meanwhile, ...
Aussie Gains on Solid PMIs and RBA Hike PossibilityAustralian Dollar trades broadly higher today, lifted partly by resurgence in risk sentiment, as well as robust PMI data reflecting the cyclical recovery in Australian economy. Improvement in the economic outlook reduces the immediate need of a rate cut by ...
Sterling Tumbles Broadly Amid Speculation of BoE Dovish TurnBritish Pound faced broad selloff today, continuing its decline in response to comments made last Friday by BoE Deputy Governor Dave Ramsden. Ramsden expressed he is now much less worried about inflation, and expects upcoming data to show significant slowdown ...
