Asia Day Ahead: Modest gains in Wall Street, with economic data on watch in Asia
Wall Street added modest gains to their recent rallies overnight, as the VIX pushed to yet another new low since February 2020.
Asia Day Ahead: Wall Street on a breather as Apple failed to commit to all-time high
A mixed showing in Wall Street eventually saw the Nasdaq pare its initial gains by the close, partly as optimism around Apple’s share price fizzled.
Asia Day Ahead: US debt ceiling resolution brings focus back to Fed’s rate outlook
With the US debt default crisis averted which has been largely priced by markets previously, central focus this week could be shifted back to the US Fed rate outlook.
Australian Dollar Sinks with Dow Jones After US Retail Sales, Where to for AUD/USD?
The sentiment-linked Australian Dollar fell alongside the Dow Jones on Tuesday as solid US retail sales cooled Fed rate cut bets. IGCS shows more traders are boosting AUD/USD upside bets.
US Dollar Continues to Get Punished as Traders Feel No Need for Safety as Stocks Soar
Traders continued punishing the US Dollar amid a lack of reason for safety as the Dow Jones, S&P 500 and Nasdaq 100 soared on Thursday. Will DXY confirm its worst week since early January?
US Dollar Extends Rise as Liquidity Comes Back and Markets Absorb NFP Report
The US Dollar gained on Monday as liquidity came back online and markets fully absorbed Friday’s non-farm payrolls report. Will DXY’s momentum hold ahead?
Australian Dollar Drops as Currency Markets Await US NFPs, Will AUD/USD Keep Going?
The Australian Dollar fell as US jobless claims data briefly jittered markets ahead of the highly anticipated non-farm payrolls report. Will AUD/USD extend lower next?
Nasdaq 100 Dips as Soft ISM Services Data Fuels Economic Woes, Will Support Hold?
The tech-heavy Nasdaq 100 underperformed on Wednesday as soft US ISM Services data fueled economic woes. Will key support hold as traders turn towards Thursday’s session?
US Dollar Slide Fast Approaching Pivotal Support Zone After ISM Manufacturing Miss
The US Dollar continued its slide, with disappointing ISM Manufacturing amplifying its selloff. This means the DXY Dollar Index is quickly approaching a pivotal area of support.
US Dollar Continues Diverging from the Fundamentals, Will PCE Data Realign Traders?
The US Dollar still found no love as traders continued piling into Wall Street despite not-so-dovish commentary from Federal Reserve officials. Will PCE data revive the DXY Index?