Current Articles From Around The Traps

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  • Dollar Trying to Recovery as Asia Turned Risk-Off, ECB Awaited July 16, 2020
    Dollar is trying to recover today as Asian markets turned into risk-off. Better than expected Q2 GDP data from China is largely ignored. Instead, Chinese stock lead Asia lower on concern of escalating geopolitical tension in South China Sea. Sterling is so the weakest for today as job data hinted that more people left the […]
  • Coronavirus Vaccine Hopes Prompt Full Risk-On, Dollar and Swiss Franc Dive July 15, 2020
    Markets are in strong risk-on mode again on coronavirus vaccine hopes. Moderna group said earlier that the vaccine candidate produced a robust immune system response in a large group of people. Next will be a decisive clinical trial in July. Major indices in Asia and Europe record strong gains, except China and Hong Kong. DOW […]
  • Dollar Tumbles as Fed Stimulus Hope Boosts Risk-On Trades July 15, 2020
    Risk-on trades dominated the US markets overnight, as Fed officials indicated the willingness to keep accommodative measures in place. Yet, sentiments turned mixed in Asian markets. Hong Kong and Chinese stocks are weighed down by US President Donald Trump’s decision to end Hong Kong’s special status, after China imposed national security law by passing the […]
  • Euro Surges in Indecisive Markets, Sterling Stays Weak July 14, 2020
    Risk sentiments continues to be weak today but selloff in the stock markets is so far limited. Euro rides on the indecisive markets and surges broadly today, with help by strong rally against Sterling. Swiss Franc is following as the second strongest so far. On the other hand, New Zealand Dollar is the worst performing […]
  • Sentiments Turning on Lockdown Concerns, Sterling Down on Weak GDP Rebound July 14, 2020
    Sentiments seemed to have a turn as surge of coronavirus cases in the US pushed California back into lockdown. Asian markets are under some selling pressure. But the more indicative development was the sharp -2.13% decline in NASDAQ overnight. It remains to be seen if tech index is finally giving up its resilience as investors […]