All seems calm for now… The markets started today’s asian session pretty calm. The main focus was the Australian Retail sales releases which came out better than expected which has been good for AUD so far. The good Retail sales report has given some positive expectation for the next GDP release for AUD. After Friday’s
Can you say Yowza!?… The market’s main focus yesterday was the deterioration in the political front in Italy which caused massive moves in the Italian bond market. The big moves placed a lot of pressure on the Euro, resulting in all major Euro pairs dropping to big figure lows. As a result, the market’s focus
A slow start to the trading week… The market has been relatively quiet during today’s Asian session so far with the lack of any important data releases as well as bank holidays for GBP and USD. The overall risk averse tone has improved over the weekend as it looks like there is chance that the
A mixed day so far… The market has been relatively quiet during today’s Asian session so far with the lack of any important data releases. The overall risk averse tone has somewhat slowed down a bit after yesterday’s news that President Trump has cancelled the planned Korean summit with North Korea. As such, the jpy
Risk tone still prevalent… The main focus during today’s Asian session has been the dovish focus on yesterday’s FOMC minutes with the dollar trading a little lower. On the other side of the pond the JPY pairs are still pressured with the overall risk tone in the market due to geopolitical and trade war rhetoric.
Trump has done it again… The main focus during today’s Asian session has been the comments made by President Trump yesterday regarding his doubt whether the summit between him and Kim would still take place. He also stated that he was very unhappy with the way the China trade talk has progressed. All of this
The main focus during today’s Asian and European session was WTI which has remained very bullish during the two sessions running at $72.51 (at the time of writing) due to recent geopolitical tensions in the middle east. This has been very supporting for the Canadian dollar, in spite of recent negative talks surrounding NAFTA. Furthermore,
All aboard the Dollar train The main focus during today’s Asian Trading session was the NATIONAL CORE CPI Y/Y for the JPY which came out rather disappointing. This was the second consecutive CPI miss and adds to the pressure on the currency after Wednesday’s miss on GDP. Furthermore, the dollar is continuing to stay firm