JOLTS jolted the dollar

JOLTS  jolted the dollar The market bounced back to life Tuesday as the Greenback was jolted by the JOLTS data The JOLTS  jobs data was through the roof printing an all time record high and ignited a USD rally. But that was only half the positive storyline as a boisterous NFIB small business survey painted […]

PBoC policy shift ?

Stocks in Asia were mixed on Thursday following the release of Caixin PMI data from China, which was at an 11-month low and as the yuan hit a seven-month high. The on-shore yuan traded at 6.7894 to the dollar at 12:29 p.m. HK/SIN, at levels not seen since last November. Before markets opened in China, […]

PBoC policy shift ?

Stocks in Asia were mixed on Thursday following the release of Caixin PMI data from China, which was at an 11-month low and as the yuan hit a seven-month high. The on-shore yuan traded at 6.7894 to the dollar at 12:29 p.m. HK/SIN, at levels not seen since last November. Before markets opened in China, […]

PBoC policy shift ?

Stocks in Asia were mixed on Thursday following the release of Caixin PMI data from China, which was at an 11-month low and as the yuan hit a seven-month high. The on-shore yuan traded at 6.7894 to the dollar at 12:29 p.m. HK/SIN, at levels not seen since last November. Before markets opened in China, […]

EM Asia Under Pressure

The Malaysian currency led weekly losses in emerging Asia with a 2.9 percent slump against the greenback so far this week. That would be the largest weekly depreciation since late September last year. “A dangerous combination of extremes is likely amplifying movements, as volatility expectations remain elevated, yet liquidity is extremely weak,” said Stephen Innes, […]

$US Higher and Emerging Markets Struggle

Despite no concrete economic proposals on the table from Trump’s team… the market is fully subscribing to a return of Reagan-esque fiscal (spending), along with a steeper path of interest rate normalisation,” Stephen Innes, senior trader at OANDA, said. “The markets continue to price in a less dovish Fed in the future, as the market […]

Yuan continues to weaken vs. USD

The Chinese renminbi was weaker against the dollar. On-shore Chinese yuan traded at 6.89, falling from levels below 6.80 before the U.S. election results, while the off-shore yuan traded at 6.90. “A toxic combination of steeper U.S. yield curve, along with the ever-present discussion of a trade war with the U.S., dominates the current currency […]

Aussie Slides Lower In APAC Trade

The Australian dollar has briefly dropped below 74 US cents after Federal Reserve Chair Janet Yellen flagged a rate rise is on the horizon. At 1200 AEDT on Friday, the local unit was trading at 74.03 US cents, down from 74.79 cents on Thursday. It hit a low of 73.9 US cents at 1135 AEDT. […]

There’s No Stopping Me Now for the USD

No Stopping Me Now  The focus overnight was on Fed Chair Janet Yellen’s testimony before the Joint Economic Committee, which reaffirmed what everyone has suspected – that barring some major hic-up in the US economic data releases December lift off is a green light. Her comments were perceived USD bullish, but it was the release […]

The Song Remains the Same

Australian Dollar  The Australian Jobs data was on the soft side. While the full-time number was boisterous, the participation rate was lower, and dealers are focussing on the last month’s revision lower. The Aussie has been under pressure due to rising US Bond Yields and the jittery regional EM markets. However, it took little more than a […]