Dollar Extends Rally, Euro Shrugs Solid Investor Confidence
Dollar’s rally continues today but buying is mainly centered against Euro, Swiss Franc and Kiwi. Euro is getting no support from better...
ActionForex
Asian Markets Soften on Surging Oil Price, Dollar Firm
The Asian markets opened the week relatively mixed. Stocks gained initially on US Senate passage of the USD 1.9T stimulus bill. But sen...
BOC Preview: Caution over Pandemic Uncertainty while acknowledging Better-than-Projected Growth
The BOC will leave its policy rate and the size of the QE program unchanged at this week’s meeting. While there will be no press confer...
10-Yr Yield Couldn’t Break Loose from 1.5 Magnet, Dollar and Canadian Soared
Strong treasury yield continued to be a major theme last week. But for now, it seemed 10-year yield could still break loose from the “m...
Dollar Jumps after Strong NFP, 10-Yr Yields Breaks 1.6
Dollar rises further in early US session after much stronger than expected non-farm payroll report. 10-year yield also surges and it’s ...
Yields Surged, Stocks Tumbled after Fed Powell, Dollar in Half-Hearted Rally
Fed Chair Jerome Powell’s lack of concrete hint on action against rising nominal rates sent treasury yield higher, and stocks lower ove...
Swiss Franc and Yen Resumed Selloff, Markets Mixed Elsewhere
Selloff in Swiss Franc and Yen is the main focus today. But the forex markets are mixed elsewhere. Commodity currencies are mildly firm...
Currency Trading Subdued, But Risk Aversion Building Up
Huge volatility continues in stock markets as Asian indices dive following the selloff in US overnight. But movements in exchange rates...
US Crude Inventory Recorded Biggest Weekly Increase in History
Sluggish demand and rising output to profit from strong oil prices lifted US inventory significantly last week. The report from the US ...
Dollar Recovers Despite Sluggish ADP Job Growth, Yields Up Again
Dollar recovers in early US session as sluggish ADP job growth drags down stock futures. Additionally, treasury yields are having a mil...