The GBP is the strongest and the EUR is the weakest as NA traders enter for the day

The USD is mixed As the North American session begins, the GBP is the strongest of the major currencies while the EUR is the weakest (the EURGBP is the biggest decliner with the pair trading to the lowest level since late Feb 2020).  The USD is mixed with gains vs the EUR, CHF, and CAD […]

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The NZD is the strongest and the JPY is the weakest as NA traders enter

The USD is tilting lower  TGIF. As the North American traders enter for the day, the NZD and AUD are battling for the strongest of the major currencies (The AUDUSD is trying to remain above the 100 day MA after moving back above today).   The JPY is the weakest  (and running to new highs).   The […]

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The CHF is the strongest and the GBP is the weakest as NA traders enter for the day

The USD is mixed As North American traders enter for the day, the CHF is the strongest and the GBP is the weakest.  The USD is trading mixed.  Most of the major currencies are close together in the ranking. The USD has changes of less than 0.17% vs EUR, JPY, CAD, AUD and NZD.  In the US, retail sales will […]

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The JPY is the strongest and the GBP is the weakest as NA trader enter for the day

Stocks are lower. BOE hints about going negative? The JPY is the strongest and the GBP is the weakest as North American traders enter for the day.  The JPY is finding some safe haven bids as stocks in Europe and US fall. The blame is on the Fed’s inability to give more candy to the markets after yesterdays […]

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The USD is the strongest and the EUR is the weakest as NA trader enter for the day

The AUD is also lower as Austraiia enters its first recession in 30 years The USD is the strongest and the EUR is the weakest as NA traders enter for the day. In Europe Spain employment was worse than expected.  German’s retail sales were not very good for the 2nd consecutive month.  Technically, the EURUSD […]

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Fuelled by Volvo, China’s Geely seeks launchpad to enter auto giant orbit

3/3 © Reuters. Workers are seen on a production line for Polestar, Volvo and Lynk&Co vehicles at a Geely plant in Taizhou 2/3 By Yilei Sun and Brenda Goh TAIZHOU, China/SHANGHAI (Reuters) – Chinese carmaker Geely plans to use a platform developed with input from Volvo to build new models in Malaysia for its partly […]

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The USD is the strongest and the NZD is the weakest as NA traders enter for the day

Some USD short covering ahead of the US NFP The USD is the strongest and the NZD is the weakest as NA traders enter for the day.  Today is the awaited US (and Canada) jobs reports. There is some short covering in the greenback.   Yields are little changed. Gold and silver are lower as they see […]

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The GBP is the strongest and the NZD is the weakest as NA traders enter for the day

The USD is modestly weaker As NA traders enter for the day, the GBP is the strongest, the NZD is the weakest. However, the relative moves from the close from yesterday are modest. The FOMC will likely be more dovish when they announce their decision at 2 PM ET. Chair Powell will have his press […]

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The AUD is the strongest and the EUR is the weakest as NA traders enter for the day

Risk on flows once again With new stimulus package (GOP and Dem leaders are scheduled to meet today), recovery fund hopes, coronavirus vaccine and the insatiable appetite abroad to buy stocks and in particular US stocks (although European markets are doing pretty well today as well), the “risk on” flows are the focus again today.  […]

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The USD is the strongest and the NZD is the weakest as NA trader enter for the day

Risk off flows more dominant today. 8 day gain in the Nasdaq at risk. As North American traders enter for the day, the 8 day gain in the NASDAQ is at risk as stocks move lower and risk off flows are more dominant today.  The The USD and JPY are the strongest of the major currencies as […]

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