USD/JPY continuing its Friday move
USD/JPY is up 200+ points from its lows seen during Asia back on Friday. You might recall we had comments from Japanese Ministry of Finance officials about FX ‘stability’, which…
Read More »14th consecutive decline in US claims
After it pared declines as a mostly risk-on session in Asia, led by a continued rally in Chinese stocks, gave way to a less certain session in European markets, Dollar…
Read More »AUD, NZD dropping away further as overnight moves ripple though early Asia
AUD and kiwi are going to need a firming of risk appetite to recover overnight losses. EUR, GBP, CAD also slipping as Asia get more active (its near 10 in…
Read More »US equity futures rally after NFP
US nonfarm payrolls increased 4,800k in June, better than expected, after the upwardly revised 2,699k (was 2,509k) bounce in May following the -20,787k (was -20,687k) collapse in April. The unemployment…
Read More »Dow Jones to Lead Asia's Rebound, Nikkei 225 Eyes Resistance
Wall Street equities had a decent rebound last night, setting an upbeat tone for Asia’s opening. Traders are eyeing a string of PMI readings from China for clues into Asia’s…
Read More »Chinese firms press on with US stock market listing plans despite Trump threats
Given the giddy behaviour on US stock markets its not difficult to see why firms would be keen to get their IPOs done. Asia press reports: Link here…
Read More »Dollar Index trades below 99.00 as S&P 500 futures rise
The dollar index (DXY), which tracks greenback’s value against majors, is losing altitude in Asia with the US stock futures pointing to an extension o
Read More »EURO spikes on hopes for extra ECB stimulus
The EUR has lifted on EU recovery fund news, with the European Commission reportedly outlining a compromise proposal that aims to satisfy both the German-Franco position and the so-called “frugal…
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