“China recent lockdown and protest sparks risk-off sentiment, shining the limelight on safe-havens.” Swiss franc aims to thread lower as the market was spooked by civil unrest in China due to harsh anti-Covid restrictions. Last weekend, scuffle occurred in several cities in China after rising coronavirus cases prompted local government to enact total lockdown. Recent View more

“Rising coronavirus cases in China triggers a shift in market sentiment that emphasize favor towards safe havens.” New Zealand dollar edged down slightly during European trading session as the market weighs on rising economic concern in China. Lately, China has recorded an upsurge in coronavirus cases which prompts the government to impose strict lockdown measure. View more

“Fed minutes shows possible slowdown in policy tightening, pushing greenback downwards.” US dollar tumbled across the board soon after Federal Reserve released their latest minutes from November’s meeting. From the minutes, Federal Reserve raised its interest rates by 75 basis points last month to combat rising price of goods across the nation. The minute also View more

“Bears pushes euro downwards as China recorded a surge in coronavirus cases.” Euro struggled to make any substantial gains against the greenback as risk aversion sentiment dominates the financial market. According to reports, China has recorded a significant jump in daily coronaviruses cases with two virus-led death on Monday. The report sparks concern over the View more

“US dollar tumbles as focus redirected back to risky assets, Canada data in view.” Greenback struggled against its major peers after US government downplayed the significance of missile strike that was launched towards one of Poland’s villages. Following the announcement, fear in the market recedes substantially, reducing the premium for holding greenback as safe-haven asset. View more

“US dollar pullback eyed as no new signal was delivered by Fed official’s comment.” New Zealand dollar kickstart the day with substantial bullish momentum despite hawkish signal from Fed official. According to report, Fed Vice Chair Lael Brainard commented while they may reduce the pace of rate hikes, she still supports the case for a View more

“Greenback climbs back up, while the market awaits more data from the United States.” US dollar nursed its losses earlier today as recent comments from Federal Reserve official revived bull’s quiver to thrust forward one more time. Recently, the release of October’s CPI from the US has tempered market’s expectation towards the greenback after showing View more

“BoE flames up the market with more interest rates ahead, bulls cheer by pushing sterling higher.” Bulls thrust forward on GBP/USD, buoyed by hawkish signal from Bank of England. According to reports, Bank of England Governor Andrew Bailey commented that “more interest rates increase is likely for the coming months”. Bailey also emphasized that their View more

“Fed remains hawkish, confounding market expectation for interest rates to peak anytime soon.” Bullish tractions were observed upon the greenback as Federal Reserve may hike interest rates further, well above what the market has expected previously. Yesterday, the Fed raised interest rates by 75 basis points, citing concerns over rise in inflation which remains “sticky” View more

“EURJPY slides as recent data dampens expectation towards Euro zone.” Euro declined substantially against Japanese Yen while investors geared up for upcoming FOMC meeting later in the day. Recently, Germany’s labor market report showed an increase in unemployment, coinciding with depreciation of Manufacturing PMI. In addition, Japanese Yen gained substantially as the government step in View more