Risk Aversion Returns as US Tariff Fears Resurface, Dollar Recovers LateGeopolitical developments dominated global headlines last week, particularly surrounding peace negotiations over Russia’s invasion of Ukraine and evolving US-Ukraine relations. While US President Donald Trump’s tariffs took a backseat, concerns over their impact on consumer spending and economic growth resurfaced ...
Euro Briefly Dips on Soft PMI, CAD Shrugs Off Robust Retail SalesTrading is rather subdued in the forex markets today, with most major pairs and crosses stuck within yesterday’s range. Loonie failed to react to significantly stronger-than-expected retail sales data. Euro dipped earlier following weak PMI reports, but selling pressure quickly ...
Yen Rally Pauses as BoJ Signals Bond Market Intervention, Dollar SoftYen volatility remains a key theme in Asian session today. Stronger-than-expected Japanese inflation data provided further justification for BoJ’s ongoing policy normalization, reinforcing speculation that the central bank may hike rates sooner than previously anticipated. However, Yen’s rally lost momentum ...
USD/JPY Drops Below 150, Japan CPI to Decide Next MoveYen continues to dominate the relatively quiet forex markets today, with USD/JPY slipping below the key 150 psychological. The move is largely fueled by rising speculation that BoJ may tighten policy again sooner than expected, a sentiment that’s also reflected ...
Dollar Slips as Markets Dismiss Tariff Talk, Yen and Aussie Firm UpDollar is broadly weaker in today’s Asian session, though losses remain contained outside of its sharper decline against Yen. US President Donald Trump reiterated his intention to impose 25% tariffs on cars, semiconductors, and pharmaceutical imports, but markets are showing ...
Kiwi Wobbles After RBNZ Cut, Markets Eye UK CPI and FOMC MinutesNew Zealand Dollar initially weakened following RBNZ’s 50bps rate cut today, but quickly regained ground as Governor Adrian Orr indicated that the pace of easing will slow in the coming months. Orr suggested that the central bank is likely to ...
Muted Forex Action as Traders Overlook Data, Await RBNZ CutForex markets remained subdued today, with muted reactions to key economic data. Dollar held broadly higher as traders focused on the US-Russia peace talks, where both sides agreed to continue discussions on ending Russia’s invasion of Ukraine. However, meaningful progress ...
RBA’s Cautious Easing Leaves AUD Supported, USD/JPY Ready for a Bounce?Australian Dollar initially dipped after RBA’s widely expected rate cut, but the move was short-lived as the currency quickly stabilized. RBA’s cautious tone on further easing provided underlying support for the Aussie. The central bank made it clear that while ...
Yen Strength Holds as Focus Turns to RBA Rate CutYen remains the standout performer, even though momentum had moderated slightly. Discussions surrounding BoJ’s next move continue to dominate, particularly in a low-activity session with both US and Canadian markets closed for holidays. After stronger than expected Japanese Q4 GDP ...
Yen Rallies as Strong GDP Fuels BoJ Rate Hike SpeculationYen gained strength across the board after Japan’s Q4 GDP growth exceeded expectations, with both private consumption and capital investment rebounding. This development supports BoJ’s decision to hike in January and has fueled speculation that another rate increase could arrive ...
Dollar at Crossroads: Rebound Possible, But Bearish Risks IntensifyDollar closed the week broadly lower, with the only exception being its slight gains against the even weaker Yen. Risk-on sentiment dominated global markets, fueling strong rallies in equities across the US, Europe, and Hong Kong, which in turn kept ...
Dollar Muted Despite Strong PPI, Awaits Reciprocal TariffsThe currency markets are treading cautiously, with traders showing little reaction to stronger-than-expected US PPI data and a better-than-anticipated jobless claims report. Despite these inflationary signals, Dollar has struggled to gain further traction, as market participants hold their positions ahead ...
Dollar Momentum Fades as UK GDP Takes Center StageThe forex markets was subdued in Asian session today. Dollar strength faded quickly after initial boost from stronger-than-expected US inflation data. While the greenback retains most of its gains against Yen, it has started to weaken against other major currencies. ...
Dollar Surges as Hot Inflation Data Solidifies Prolonged Fed Pause, Yields SurgeDollar rallied sharply in early US trading after inflation data came in hotter than expected, reinforcing expectations that Fed will maintain its restrictive policy stance for longer than previously anticipated. 10-year Treasury yield surged past 4.6%, extending its strong rebound ...
Yen Weakens as US Yields Bounce, Markets Eye Trump’s Reciprocal Tariffs and US CPIYen struggled in the Asian session and stayed weak, with renewed selling pressure driven by a combination of rising US Treasury yields and ongoing concerns over trade policy developments. Market participants are still digesting the implications of US President Donald ...
Cautious Trading Prevails as Markets Await Retaliations to US TariffsTrading is relatively subdued today across global markets as investors assess the fallout from the US steel and aluminum tariffs announced by President Donald Trump. Major European equity indexes are treading water, while US futures are slightly in the red. ...
Gold Nears 3000 as Muted Reaction to Metal Tariffs Fades, Fed Powell in FocusDollar is trading is a mildly firmer tone while Gold inches closer to the key 3000 psychological level after US President Donald Trump officially raised tariffs on aluminum and steel imports. However, the broader market reaction has been relatively subdued. ...
Tariff Impact Diminishes, Aussie Confidence Due NextTrading in the forex markets has been relatively subdued today, with major currency pairs and crosses remaining within Friday’s range. There was some initial reactions to the latest news of US tariffs on metals, but the impact has faded quickly. ...
