Pound Outperforms as Markets Stabilize After Fiscal HeadlinesSterling is outperforming in otherwise quiet trading, reversing some of the weakness seen late last week. The Pound and UK bonds were pressured after reports that Chancellor Rachel Reeves had opted to drop tax hikes from next week’s Autumn Budget, ...
Sentiment Cautious But Not Negative, US Data Reboot AwaitedSentiment in Asian markets started the week on the softer side, though the pullback has been well contained so far. The tone was more cautious than negative, with investors reluctant to take strong positions ahead of a busy global data ...
Investors Step Back From US Assets Ahead of Data FloodLast week delivered what should have been a moment of relief for global markets: the US finally ended its historic government shutdown, clearing the way for normal economic data flow to resume. Yet instead of sparking a rally, the reopening ...
Franc Leads Safe-Haven Bid, Tech Rout Pressures SentimentRisk aversion intensified with markets once again gripped by tech-led weakness. Nvidia slumped in premarket trading, dragging the broader semiconductor and AI complex lower and reinforcing concerns that the sector’s valuation reset still has further to run. The risk-off tone ...
Risk-Off Rekindled by Fed Pushback and Deepening China WeaknessRisk aversion returned forcefully overnight, with Wall Street suffering its steepest daily decline in a month as investors unwound exposures. The reopening of the U.S. government offered no support to sentiment, with markets instead refocusing on the prospect that a ...
Indecisive Session as Sterling and Aussie Moves FizzleThe forex markets were broadly indecisive today, with major currencies struggling to find convictions in their movements. Sterling initially fell after weaker-than-expected Q3 GDP print but the decline proved short-lived. The markets appeared to have already priced in a December ...
Aussie Soars on Strong Jobs Data; U.S. Shutdown Ends, UK GDP in FocusAustralian Dollar strengthened broadly in Asian session today after stronger-than-expected October employment report reinforced confidence in the resilience of Australia’s labor market. The robust job data numbers confirmed that while the labor market is cooling, the adjustment is happening only ...
Another Day, Same Story: Yen Extends Losses, Sterling Under Pressure, Franc FirmThe key themes driving global FX markets this week continued to dominate today’s session, with Yen weakness, Sterling softness, and Swiss Franc strength dominating. Political pressure in Japan, renewed rate-cut expectations in the UK, and optimism over a U.S.–Swiss trade ...
Yen Falls as Takaichi Urges BoJ to Hold Fire; U.S. Fiscal Vote in FocusYen extended its broad decline in Asian session as Japanese Prime Minister Sanae Takaichi doubled down on her call for the BoJ to delay further rate hikes. Addressing parliament, Takaichi said consumer prices—up around 3%—are being lifted mainly by food ...
Pound Pressured by Soft Jobs Data, Franc Climbs on Tariff Relief HopesSterling fell mildly across the board today as weak UK labor market data reinforced expectations that the BoE would deliver a rate cut in December. Yet, as seen in comments from MPC member Megan Greene, not all policymakers are convinced, ...
Wall Street Rallies But Asia Cools After Early Lift, Yen Stays WeakU.S. markets surged overnight after lawmakers in Washington moved closer to ending the country’s record-breaking government shutdown, boosting risk sentiment across equities and commodities. The Senate’s approval of a bipartisan deal eased fiscal uncertainty and restored momentum to Wall Street, ...
Risk-On Rebound as U.S. Shutdown Nears EndGlobal risk appetite improved markedly today, with strong gains in Asia carrying over into European trading and U.S. futures pointing higher. Investors found renewed confidence amid signs of political progress in Washington, where the Senate approved the first stage of ...
Yen Slips as China Sentiment Improves, Political Pressure Builds on BoJYen was under pressure across the board in Asian session today as improved sentiment toward China and dovish domestic signals combined to sap demand for the safe-haven currency. Traders interpreted the latest Chinese inflation report and a surprise U.S. trade ...
Loonie Lifts on Strong Jobs Data as Global Risk Mood Stays SourCanadian Dollar firmed sharply in early U.S. session after a surprisingly strong set of October employment figures. While the gains were largely driven by part-time positions, the sheer magnitude of the increase — a second consecutive month of robust job ...
Risk-Off Reigns: Tech Selloff, China Trade Miss, and U.S. Layoffs Hit SentimentGlobal markets turned defensive again as risk aversion returned, led by a renewed wave of selling in technology shares. The U.S. tech rout, which rattled Wall Street overnight, spread to Asia, triggering broad weakness across regional equity markets. Japan was ...
Sterling Slightly Firmer After Tight BoE Hold; Dollar Eases BroadlySterling traded mildly higher following the BoE’s decision to keep interest rates unchanged at 4.00% in a tight 5–4 vote. Overall market reaction was modest as the Pound gained slightly against the Dollar but lacked strong momentum, as traders viewed ...
BoE in Focus; US Yields Keep Dollar FirmMarket sentiment showed further signs of stabilization today, with Asian equities trading higher after a modest rebound on Wall Street overnight. The sharp AI-driven selloff earlier in the week appears to have passed its initial climax. Still, the recovery remains ...
Muted Market Reaction After ADP; Risk Tone Steadies but Caution PersistsThe latest ADP private employment report provided a modest dose of reassurance to the Fed, showing that U.S. job growth may be stabilizing after a period of softness. Following the data, Fed funds futures reflected roughly 70% chance of a ...
AI Selloff Sparks Global Risk Rout; Yen and Dollar Stay FirmGlobal markets tumbled on Wednesday as a renewed selloff in AI-linked stocks spread from Wall Street to Asia, driving a wave of risk aversion across assets. Nikkei and Kospi each fell nearly 3%, echoing the overnight decline in NASDAQ, which ...
