The US has opened and the dip buyers are back in. US stocks are higher and Treasury yields have rebounded. Feels like a classic “turnaround Tuesday”? After the risk rout to kick off the week, markets have stabilised though the …
The loonie is the weakest major currency on the board today, hit by plunging crude and stocks. Any positives for CAD – like positive vaccination news and the Bank of Canada’s policy stance – have been consumed by thin markets …
The standout major currency performer today is NZD on the back of sizzling inflation data overnight which accelerated to 3.3% in the second quarter this year. This beat market expectations of 2.7% and was up from the prior 1.5% in …
Solid UK job numbers briefly sent the pound higher this morning. Unemployment claims fell in June while wages were up strongly in May with the 7.3% gain outperforming the prior print of 5.7% and beating consensus of 7.1%. Although unemployment …
There’s been a lot of event risk this week with bumper US inflation data vying with central bank hawkish surprises, progress on the US infrastructure deal and Jay Powell’s semi-annual testimony. The latter was probably most anticipated in markets and …
NZD/USD has a lot to contend with right now. A much stronger than expected US inflation report is challenging the Fed’s view that rising price pressures are temporary. The headline number was the highest in 13 years while the core …
Sterling has been the third best performing major this month, a pretty decent performance with the JPY and CHF safe haven currencies taking top honours. This has seen some GBP pairs break to new highs, as the UK gears up …
EUR/CHF plunges on risk off mood EUR/CHF suffered its biggest sell-off in over three years yesterday as CHF’s safe haven status saw it vie with the yen as the leading major on the month. The pair has broken through long-term …
The yen is on track to post its biggest daily rise this year as traders dump risky positions in currency markets in a broad-based unwinding of positions. Havens are bid and high-beta commodity currencies are severely underperforming. With US 10-year …
USD/CHF looks to be moving higher We wrote a few weeks ago about the bull flag in the swissie and how a breakout looked imminent after near-term consolidation. The end of last month saw the pair move to the upside …
