Risk sentiment improved last week, driven by the solid US non-farm payroll report that helped ease fears of a deepening slowdown. Adding to the optimism was a thaw in US-China relations. While no concrete breakthrough emerged, the fact that both sides were willing to engage again offered some relief to global markets weary of tariff […]
There was a fleeting uptick in sentiment overnight after US President Donald Trump spoke by phone with Chinese President Xi Jinping, calling the conversation “very positive” and announcing renewed lower-level trade talks. However, the initial optimism quickly faded, with major US indexes reversing early gains to end the session lower. The Chinese readout was more
The Japanese Yen attracts sellers for the second straight day in reaction to disappointing domestic data. The optimism over the resumption of US-China trade talks further undermines demand for the safe-haven JPY. The divergent BoJ-Fed expectations should limit JPY losses and cap USD/JPY ahead of the US NFP report. The Japanese Yen (JPY) sticks to
The US markets remain remarkably steady overnight despite a string of soft US economic releases overnight. Disappointing job and services data failed to trigger any meaningful selloff in equities, while Dollar edged slightly lower. Market pricing for Fed policy remains broadly unchanged, with a 96% chance of a hold at the upcoming meeting and a
Trading remains subdued as markets drift into the US session, with little conviction across asset classes. US futures dipped slightly after a dismal ADP employment report showing only 37k job additions in May, sharply below expectations. Still, the reaction was contained, with no clear evidence of a broad risk-off move. US President Donald Trump added
Global markets remain mixed, reflecting a cautious investor mood amid heightened trade uncertainty and a lack of clear directional drivers. US stocks closed modestly higher overnight, reversing losses from earlier in the session. Asian equities broadly followed the rebound, seemingly brushing off disappointing Chinese manufacturing data. The overall tone, however, remains indecisive, with no strong
The Japanese Yen attracts some intraday sellers amid a combination of negative factors. Calls for the BoJ to slow tapering beyond 2026 and a positive risk tone undermine the JPY. The divergent BoJ-Fed policy expectations should cap any meaningful upside for USD/JPY. The Japanese Yen (JPY) is looking to extend its retracement slide from a
The President of the Federal Reserve (Fed) Bank of Dallas, Lorie Logan, struck a cautiously balanced tone in earlier remarks, acknowledging both persistent inflation pressures and rising market uncertainty. Key Quotes Despite uncertainty and financial market volatility, the US economy is resilient. The labour market remains stable. Inflation is still somewhat above target. Risks are
Asian markets traded with a mild risk-off tone to start the week, though overall activity remains subdued due to holidays in China, Malaysia, and New Zealand. Nikkei is under pressure, weighed down by rising US-China trade tensions and US President Donald Trump’s announcement of steeper steel tariffs. Hong Kong equities are also lower, reflecting regional
Market sentiment took another bearish turn today following renewed rhetoric from US President Donald Trump, who accused China of having “totally violated” its preliminary trade agreement with the U.S. The comments, delivered via social media, were echoed by Trade Representative Jamieson Greer in a CNBC interview, where he expressed concern over China’s delayed compliance. Greer
Asian markets returned to a risk-off tone today, with investor sentiment once again weighed down by the lack of clarity on the US tariff front and the apparent stalling of key trade negotiations. The week’s earlier relief rally following the U.S. court ruling against President Trump’s sweeping reciprocal tariffs has faded, as the legal battle
EUR/USD ticks lower on Thursday and stalls the previous day’s bounce from over a one-week low. A turnaround in the global risk sentiment lends some support to the USD and weighs on the pair. Traders now look to the US PCE Price Index for some impetus ahead of the ECB next Thursday. The EUR/USD pair
Dollar’s rebound gather extra momentum today, after the US Court of International Trade struck down President Donald Trump’s sweeping reciprocal tariffs, giving markets a fresh catalyst. The court ruled that the reciprocal tariffs imposed in April across multiple countries under claims of correcting trade imbalances exceeded presidential authority under the International Emergency Economic Powers Act.
USD/CHF resumes its weekly uptrend after a US federal court blocked Trump’s tariffs. Wednesday’s hawkish FOMC Minutes boosts the USD and contributes to the move up. Traders now look forward to Thursday’s US macro data for short-term opportunities. The USD/CHF pair regains positive traction following the previous day’s directionless price move and jumps to over
Dollar’s near-term rebound is still intact as markets head into US session. But appears to be fading as traders await fresh catalysts. While the greenback has benefited from stabilizing sentiment, there’s a lack of conviction behind the move, particularly with no data releases of note today. Markets are now turning their attention to the upcoming
The US Dollar remains firm, drawing support from the positive US Consumer Confidence data and easing trade war fears. The CAD remains on the defensive amid lower Oil prices and hopes of further BoC cuts. Later today, the tone of the FOMC minutes is likely to confirm the US Dollar’s near-term direction. The US Dollar
Dollar’s broad-based rebound gained further momentum in Asian session today. The turnaround in risk appetite has been key in lifting the greenback, which had come under pressure amid recent tariff tensions and soft economic signals. The rebound is also visible across asset classes, US equities have reversed losses tied to US-EU trade fears, and the
