Category: Commodities & Markets News

Commodities and financial market news from external sources.

XE Market Analysis: Asia – Jun 13, 2019

The Dollar gained a little traction in N.Y. on Thursday, with the DXY heading from opening lows of 96.90 to one-week highs of 97.08. The Greenback edged higher despite softer Treasury yields, which were helped lower by soggy import price data. We have seen gradual USD short covering in place this week, ahead of the… Read more »

XE Market Analysis: North America – Jun 13, 2019

The Dollar has held net steady versus the Euro and Yen, paring intraday losses in the case against the latter, while AUD-CAD dropped quite sharply amid the juxtaposition of record lows in Australian sovereign debt yields and a Loonie-supporting 2.5%-plus rally in oil prices. AUD-CAD was showing over a 0.6% loss heading into the New… Read more »

XE Market Analysis: Europe – Jun 13, 2019

The Australian Dollar has underperformed so far today, dropping nearly 0.5% against the Yen, which remained an outperformed amid a backdrop of sputtering stock markets in Asia. AUD-JPY pegged a fresh five-month low at 74.77. AUD-USD concurrently printed a two-week low at 0.6904 and USD-JPY a three-day low at 108.16. The Aussie buck was dented… Read more »

XE Market Analysis: Asia – Jun 12, 2019

The Dollar came under pressure early in N.Y. trade on Wednesday, following a cooler core U.S. CPI outcome. The CPI print kept potential Fed rate cuts front and center, weighing on the Greenback generally. Later, a round of USD short covering stepped in, taking the DXY to highs of the week at 96.97, up from… Read more »

XE Market Analysis: North America – Jun 12, 2019

The Yen has seen a modest outperformance as a risk-back-off theme ensued in global markets, while the Dollar picked up bids at the expense of the Euro, which came under pressure after German and Portuguese auctions of 10-year paper produced record low yields. The Aussie and other commodity currencies saw moderate underperformance, correlating with declines… Read more »

XE Market Analysis: Europe – Jun 12, 2019

A modest risk-back-off theme descended, which drove a bid for Yen and offers for commodity currencies. The biggest mover out of the main Dollar pairings and associated cross rates we monitor has been AUD-JPY, which is an effective forex market barometer of risk appetite in global markets. The cross ebbed by over 0.3% in making… Read more »

XE Market Analysis: Asia – Jun 11, 2019

The Dollar was range bound, but remained heavy overall in N.Y.trade on Tuesday, consolidating sharp losses seen since last week. Slightly cooler than expected May U.S. PPI weighed some on the Greenback, while a sputtering Wall Street didn’t help the USD either, as Treasury yields turned marginally lower. EUR-USD managed 1.1331 highs, after opening near… Read more »

XE Market Analysis: North America – Jun 11, 2019

Sterling outperformance alongside Yen underperformance provided side themes to an otherwise directionally subdued day so far, with the Dollar for the most part consolidating the moderate gains seen yesterday. USD-JPY was floated by broad Yen weakness amid a backdrop of a continued relief rally in equity markets in Asia and Europe, which has seen some… Read more »

XE Market Analysis: Europe – Jun 11, 2019

The Dollar has settled to a consolidation of the gains seen yesterday against most other currencies, which were seen as the 10-year Treasury yield rose over 6 bp following the deal on immigration struck between the U.S. and Mexico. EUR-USD has been maintaining a narrow range in the lower 1.1300s after rotating lower from Friday’s… Read more »

XE Market Analysis: Asia – Jun 10, 2019

The Dollar chopped around inside of relatively narrow ranges through the N.Y. session on Monday, with the DXY moving between 96.74 and 96.93. Risk-on conditions were back in play following the U.S. dropping its tariff threat on Mexico. Treasury yields rose with Wall Street, though the pricing in of Fed rate cuts kept USD gains… Read more »

XE Market Analysis: Currency Markets Won't Back Down Despite Mixed Sentiment

OVERVIEW The greenback freed itself from the shackles of poor NFP, trading higher against G-10 currencies USD/CAD is in a consolidation mood, after tripping over key technical levels. Risk-on sentiment weighs down gold as it loses 0.85% Source: XE news feed XE Market Analysis: Currency Markets Won’t Back Down Despite Mixed Sentiment

XE Market Analysis: North America – Jun 10, 2019

The Dollar took a rotation higher concomitantly with a 4bp-plus spike in the 10-year T-note yield following news that the U.S. and Mexico have reached a deal on migration, which allayed investor concerns on trade. The narrow trade-weighted USD index rallied by nearly 0.5% from Friday’s 12-week low in making a high earlier at 97.91…. Read more »

XE Market Analysis: Europe – Jun 10, 2019

The Dollar has rallied across-the-board in the wake of news that the U.S. and Mexico have reached a deal on migration, which in turn has allayed investor concerns on trade. The 10-year U.S. T-note yield has spiked over 4 bp, which in turn has generated a rotation higher in the U.S. currency. The narrow trade-weighted… Read more »

XE Market Analysis: Asia – Jun 08, 2019

The Dollar took a rotation lower following an underwhelming May employment report out of the U.S. The narrow trade weighted USD index settled off lows by still with a 0.4% decline, at 96.56, which is an 11-week closing low. EUR-USD concurrently saw a Dollar-selling driven rally, which saw the pair finished at an 11-week closing… Read more »

XE Market Analysis: North America – Jun 07, 2019

The Dollar has been trading mixed narrow ranges into the U.S. jobs report release, gaining on the Yen and Swiss Franc, which weakened as safe-haven premiums further eroded, while posting modest gains versus the Euro and Australian Dollar. Sterling was a marginal outperformer during the London AM session, with Her Majesty’s currency poised to make… Read more »

XE Market Analysis: Europe – Jun 07, 2019

The Dollar majors have been plying narrow ranges so far today. EUR-USD has settled in the mid 1.1200s after some relatively choppy trading over the last couple of days, which has seen the pair twice beaten back down from brief forays above 1.1300. USD-JPY has concurrently settled in the mid 108.00s, holding below the eight-day… Read more »

XE Market Analysis: North America – Jun 06, 2019

The Dollar has consolidated at moderately lower levels after rising during the New York PM session yesterday, while the Yen saw some chop, rotating higher during the Asian session, where stock markets sputtered, led by a 0.9% closing loss in China’s CSI 300 index, before rebounding some during the European AM session, when European stocks… Read more »

XE Market Analysis: Europe – Jun 06, 2019

The Yen has appreciated as stock markets returned to sputtering mode after U.S. and Mexico failed to reach a deal to avert proposed tariffs, with President Trump saying that “not enough” progress has been made on ways to limit migration. Talks between the U.S. and Mexico are due to resume later today, which looks to… Read more »

Viterra consolidation shuts 17 sites in country network

Viterra has permanently closed 17 of its smaller up-country sites as part of a rationalisation that signals changes in South Australia’s bulk-handling system…Read More Source: Grain Central Viterra consolidation shuts 17 sites in country network

XE Market Analysis: Asia – Jun 05, 2019

A very weak ADP employment report saw the Dollar head lower in early N.Y. trade on Wednesday, though a pick up in risk taking levels, and a stronger services ISM saw the unit recover later in the session. EUR-USD peaked at 1.1306, later falling back under 1.1240. USD-JPY hit trend lows of 107.82, before rallying… Read more »

XE Market Analysis: North America – Jun 05, 2019

The directional performance of the main currencies can so far today be divided up between the losers, which were the Dollar and safe-haven Yen and Swiss Franc units, and the winners, which were the Euro along with the Australian, New Zealand and Canadian Dollars. The Pound also held up well, with both the UK and… Read more »

XE Market Analysis: Europe – Jun 05, 2019

The Dollar has continued to soften against most other currencies amid a recovery in risk appetite in global markets and associated bubbling in expectations for the Fed to loosen monetary policy before the year is out. The narrow trade-weighted USD index has printed a fresh seven-week low at 96.96. EUR-USD has remained buoyant after posting… Read more »

XE Market Analysis: Asia – Jun 04, 2019

The Dollar pulled back some following Fed chair Powell headlines, where he said the Fed is prepared to act appropriately to sustain the U.S. economic expansion. He also said the Fed remains concerned over cool inflation figures. The comments were taken with a dovish slant, sending EUR-USD over 1.1265 from 1.1240, and USD-JPY to 107.99… Read more »

XE Market Analysis: North America – Jun 04, 2019

The Dollar has posted fresh lows against the Euro, Yen and a number of other currencies. A rebound in European stock markets and S&P 500 futures after a mixed session on Asian bourses enabled forex markets to focus on the Dollar-negative narrative of strengthening expectations for the Fed to cut rates as soon as September…. Read more »

XE Market Analysis: Europe – Jun 04, 2019

The Dollar has remained heavy with markets in-process of discounting a 25 bp cut in the funds rate as soon as September, if not earlier. This, for now, is offsetting the dollar’s safe haven credentials, with global equity markets sputtering rather than falling precipitously in the face of ratcheting trade tensions. The narrow trade-weighted USD… Read more »

XE Market Analysis: Asia – Jun 03, 2019

Dollar losses accelerated after Fed’s Bullard said a rate cut could be warranted soon. EUR-USD, which had rallied to 1.1225 from near 1.1180 early in the session, ran up to new three-week highs of 1.1250, while USD-JPY fell to fresh trend lows of 108.06. USD-CAD fell under 1.3450, while GBP-USD topped over 1.2665, up from… Read more »

XE Market Analysis: North America – Jun 03, 2019

The Dollar has traded mostly lower, losing ground to the Yen and Swiss Franc, while posting a six-day low versus the Euro. Stock markets in Europe and Asia have been under pressure, though moderately so, while S&P 500 futures declined by 0.5% in overnight trading. The overall vibe in globals remains one of caution. PMI… Read more »

XE Market Analysis: Asia – May 31, 2019

The Dollar headed lower in N.Y. on Friday, with USD-JPY losses pacing the losses. Incoming data was mostly positive, though the risk-backdrop crumbled following Trump’s announcement he would slap tariffs on Mexican goods if the country did not stem the flow of migrants to the U.S. Wall Street was sharply lower, and Treasury yields fell… Read more »

XE Market Analysis: Tariffs and Trade Don’t Mix Well as the Dollar Turns South

OVERVIEW The greenback has moved into negative territory after the Trump Administration slapped a new 5% tax on Mexican imports to the USA.  USD/CAD climbed above 1.35 post, driven by fears of escalating trade tensions NYMEX WTI crude declined by 2.4% on renewed concerns over geopolitical risks Source: XE news feed XE Market Analysis: Tariffs… Read more »

XE Market Analysis: North America – May 31, 2019

The safe-haven Yen rallied sharply while the Mexican Peso plunged precipitously after President Trump vowed to hit Mexico with a 5% tariff and threatened higher tariffs if it failed to do what he considers its part in dealing with surge in immigrants attempting to cross the border into the U.S. USD-JPY dove about 0.8% in… Read more »

XE Market Analysis: Europe – May 31, 2019

The Yen has rallied sharply after President Trump threaten to hit Mexico with high tariffs if it failed to do what he considers its part in dealing with surge in immigrants attempting to cross the border into the U.S. USD-JPY dove over 0.7% in making a four-month low at 108.78. AUD-JPY tumbled to a five-month… Read more »

XE Market Analysis: Asia – May 30, 2019

The Dollar index rallied to six-session highs of 98.28 in morning N.Y. trade on Thursday, though later pulled back to 98.11 lows into the London close. A slightly better than expected Q1 GDP revision helped the USD early on, though with Wall Street posting modest gains, safe-haven Dollar flows reversed to an extent. EUR-USD printed… Read more »

XE Market Analysis: North America – May 30, 2019

The Dollar, Yen and Swiss Franc traded moderately softer against most other currencies as stock markets steadied after the recent tilt lower. This helped EUR-USD find a toehold after three straight days of decline, with the pair holding in the lower-to-mid 1.1100s, above the one-week low seen yesterday at 1.1124. USD-JPY lifted to an eight-day… Read more »

XE Market Analysis: Europe – May 30, 2019

A moderate unwinding in risk-off positioning has been seen in currency markets. This comes with Wall Street having pared losses during the PM session yesterday and with S&P 500 futures showing modest gains, even though most Asian markets have remained nuder pressure today. USD-JPY lifted to an eight-day high at 109.76. , and the AUD-JPY… Read more »

XE Market Analysis: Asia – May 29, 2019

The Dollar index rallied to one-week highs in N.Y. on Wednesday, as another session of risk-off trade prompted safe-haven flows into the USD. Trade war fears, along with U.S. politics weighed on Wall Street, as China may cut rare-earth exports to the U.S., and as special council Mueller left the door open for a Trump… Read more »

XE Market Analysis: Europe – May 29, 2019

The Dollar and Yen had traded firmer amid a risk-off theme in global markets. USD-JPY fell to a two-week low at 109.15, despite concurrent dollar gains versus most other currencies. EUR-JPY hit a fresh four-month low, and AUD-JPY has come under notable pressure. The narrow trade-weighted USD index, meanwhile, carved out a six-day high at… Read more »

XE Market Analysis: North America – May 29, 2019

The Dollar picked up demand in both Asia and during the European AM session. The narrow trade-weighted USD index printed a six-day high at 98.04, while EUR-USD concurrently fell to a six-day low at 1.1149, inching last week’s two-year low at 1.1107 further into view. Safe haven demand has been the dominating factor in price… Read more »

XE Market Analysis: Asia – May 28, 2019

The Dollar advanced modestly in N.Y. trade on Tuesday, taking the DXY to four-session highs of 97.96, up from 97.72 lows seen early in the session. A better than expected consumer confidence outcome supported the Greenback some. EUR-USD slipped toward 1.1160, from pre-open highs of 1.1198. USD-JPY made it over 109.61 from two-week lows in… Read more »

XE Market Analysis: North America – May 28, 2019

A moderate risk-off theme become re-established in global markets, which pushed Treasury and other top-tier sovereign yields lower, hit stock markets while buoying the Yen in forex markets. USD-JPY ebbed moderately lower as the Japanese currency picked up a safe-haven bid, breaking free of what had been a narrow orbit of the 100.50 level. A… Read more »

XE Market Analysis: Europe – May 28, 2019

The dollar majors are lacking directional bias so far today, with participants hunkering down in Asia into the return of full market participation, and liquidity, that the reopening of markets in London and New York will bring today following long weekends in the UK and U.S. EUR-USD still managed to eke out a three-session low… Read more »

XE Market Analysis: North America – May 27, 2019

Conditions have been thin in the absence of London markets and with the U.S. off today. The Euro traded firmer, with EUR-USD having edged out an 11-day high at 1.1215, while EUR-JPY and EUR-CHF concurrently recouped recently lost ground. EUR-GBP, in contrast, descended to a five-day low as the Pound rebounded from recent trend lows…. Read more »

XE Market Analysis: Europe – May 27, 2019

Risk-off positioning have unwound some more in the forex markets, with the Dollar, Yen and Swiss Franc all losing ground to most of the main currencies today. A rally of over 0.5% in AUD-JPY has led the way, which has extended the rebound-form-trend lows seen late last week. The cross hit a three-day high at… Read more »

XE Market Analysis: Asia – May 24, 2019

The Dollar came under pressure again in N.Y.on Friday, taking the DXY to seven-session lows of 97.55, after touching two-year highs of 98.37 on Thursday.Weaker PMI data on Thursday was a major weight on the Dollar then, and a soft durables report Friday did further damage to the Greenback. EUR-USD topped at 1.1212,up from early… Read more »

XE Market Analysis: North America – May 24, 2019

A rally in Sterling interrupted an otherwise directionally-limited London AM session in the forex market. The spark was the resignation announcement of Prime Minister May, who will step down on June 7th, after President Trump’s three-day state visit. Cable sprang about 0.5% higher in posting a 1.2718 high, which extending a rebound from the near… Read more »

XE Market Analysis: Europe – May 24, 2019

The Dollar, Yen and Swiss Franc have softened amid a hiatus in the risk-off theme that dominated markets yesterday. Sentiment remains fragile, though. The MSCI Asia-Pacific (ex-Japan) equity index still managed to carve out a fresh four-month low at the intraday low, before recovering a little, with the main Chinese indexes showing fractional gains. The… Read more »

Two more shipments of Canadian wheat to Australia approved

The Australian Government has confirmed a further two shipments of Canadian wheat have been approved for import into Australia…Read More Source: Grain Central Two more shipments of Canadian wheat to Australia approved

XE Market Analysis: Asia – May 23, 2019

The Dollar index rallied to two-year highs in early N.Y. trade on Thursday, with gains coming on the back of safe-haven flows into the Dollar as a result of ongoing trade war concerns. Weakness in May flash manufacturing and services PMIs later prompted a sharp round of profit taking related USD selling, resulting in the… Read more »

XE Market Analysis: North America – May 23, 2019

The Dollar has traded firmer against most currencies fo far today, with the exceptions of the Yen and Swiss Franc, which outperformed on a rekindled safe-haven bid as European and Asian stock markets, and U.S. equity index futures, turned quite sharply lower. The narrow trade-weighted USD index lifted to a one-month high of 98.26, while… Read more »

XE Market Analysis: Europe – May 23, 2019

The main currencies have traded with limited directional bias, on net, so far today. The FOMC minutes weren’t perhaps quite as dovish as some market participants were anticipating, which inspired a modest rise in the dollar. The minutes showed that “many” believe downside risks had abated, and that low inflation was likely “transitory,” though “several”… Read more »

Dalgrains position clarified amid counterparty caution

The financial position of Dalgrains has been clarified by Worrells Solvency & Forensic Accountants, with partner Adam Ward last week appointed as its liquidator…Read More Source: Grain Central Dalgrains position clarified amid counterparty caution

XE Market Analysis: Asia – May 22, 2019

A lack of data, and relatively uneventful risk-backdrop saw the Dollar dip in early trade, then recover to near unchanged into the close. EUR-USD ranged between 1.1180 and 1.1151,ending near 1.1160. USD-JPY was range bound settling near 110.35, while USD-CAD rallied to 1.3435 on weaker oil prices, after bottoming at 1.3358 following strong Canada retail… Read more »

XE Market Analysis: North America – May 22, 2019

The Dollar has lost traction after the Fed’s Bullard said that a rate cut may be in order if inflation continues to disappoint. There are also expectations for today’s release of FOMC minutes to evidence a shift to an overall more dovish stance, including suggestions to slacken inflation targeting. EUR-USD has found support after printing… Read more »

XE Market Analysis: Europe – May 22, 2019

The main currencies have been trading narrow ranges for the most part so far today. Two exceptions: NZD-USD, which extended recent declines in posting a fresh seven-month low at 0.6493, and the Pound, which printed new four- and three-month lows against the Dollar and Euro, respectively. Cable’s low is 1.2685. Source: XE news feed … Read more »

XE Market Analysis: Asia – May 21, 2019

The Dollar was steady to higher in morning trade in N.Y. on Tuesday, showing little response to softer exiting home sales data. USD-JPY was firm on risk-on conditions, rising to 110.67, up from under 110.10 into the open. EUR-USD was steady between 1.1145 and 1.1160 through much of the morning, but was later dragged to… Read more »

Aussie dollar falls close to three-year lows

After a short but sharp rally following Scott Morrison’s federal election win on Saturday, the Australia dollar is again heading towards three-year lows against the US currency. A lower currency value works in Australian red meat exporters’ favour, making our product more competitive in an increasingly congested international beef market…Read More Source: Beef Central … Read more »

XE Market Analysis: The Australian Dollar is Wobbly after Dovish Comments from RBA

OVERVIEW The Dollar Index is near a 12-month high as the market remains cautious The British pound slides below 1.27 handle despite reassurances from PM May that her Brexit Deal contains new “significant aspects” NYMEX WTI crude up 0.65%, amidst trade and geopolitical risks Source: XE news feed XE Market Analysis: The Australian Dollar is… Read more »

XE Market Analysis: North America – May 21, 2019

The Dollar has posted fresh trend highs against a number of currencies. The narrow trade-weighted USD index logged a four-week high at 98.12 while EUR-USD concurrently printed an an 18-day low at 1.1142, making this the seventh out of the last eight trading days that the pair has posted a new lower low. USD-JPY lifted… Read more »

XE Market Analysis: Europe – May 21, 2019

The Dollar has traded firmer, posting fresh trend highs against a number of currencies. This drove EUR-USD to an 18-day low of 1.1147, making this the seventh out of the last eight trading days that the pair has posted a new lower low. Cable printed a fresh four-month low, at 1.2709, building on the steep… Read more »

XE Market Analysis: Asia – May 20, 2019

The Dollar was rangebound in N.Y. trade on Monday, leaving the DXY between 97.88 and 97.98 through the session. There was no data to drive the market, though bouts of safe-haven USD buying were noted, as the risk backdrop remained sour following U.S. restrictions on China’s Huawei. EUR-USD hit two-week lows of 1.1151 ahead of… Read more »

XE Market Analysis: North America – May 20, 2019

The Dollar has put in a mixed performance so far today, gaining on the Euro while losing ground to the Australian Dollar, which surged nearly 1% following the unexpected election victory of the centre-right Liberal National Coalition at the weekend election in Australia. EUR-USD edged out a 17-day low at 1.1150 while AUD-USD printed a… Read more »

XE Market Analysis: Europe – May 20, 2019

The Australian Dollar surged nearly 1% following the unexpected election victory of the centre-right Liberal National Coalition at the weekend election in Australia. The development also sharped a 1.7% closing gain in the ASX 200 index, which has strongly outperformed the rest of the Asia-Pacific region today. The MSCI Asia-Pacific (ex-Japan) index has gained 0.6%,… Read more »

XE Market Analysis: Asia – May 17, 2019

The dollar moved higher in morning trade in N.Y. on Friday, seeing the DXY touch two-week highs of 98.00, and up from overnight lows of 97.77. The apparent heating up of U.S./China trade rhetoric resulted in some safe-haven flows into the Greenback, while solid consumer sentiment data supported the USD as well. Wall Street recovered… Read more »

XE Market Analysis: North America – May 17, 2019

The Dollar posted fresh highs against the Euro, Sterling, which saw fresh selling on Brexit news, and the Australian Dollar, among other currencies, extending gains seen after Fed’s Brainard’s said yesterday that “opportunistic reflation” could be encouraged by allowing inflation to run above the 2% target for some years. The Yen has also been firming,… Read more »

XE Market Analysis: Europe – May 17, 2019

Both the Dollar and Yen have traded generally firmer, the former underpinned by a rise in U.S. yields, particularly a relatively sharp spike in the 2-year note yield, after Fed’s Brainard said that “opportunistic reflation” could be encouraged by allowing inflation to run above the 2% target for some years, and the latter by risk… Read more »

XE Market Analysis: Asia – May 16, 2019

Solid incoming U.S. data helped the Dollar firm up in N.Y. on Thursday, taking the DXY to two-week highs of 97.83. Jobless claims, housing starts and the Philly Fed index all beat consensus forecasts. Wall Street rallied, and Treasury yields bounced off trend lows. EUR-USD fell to 1.1172 lows from near 1.1210, as USD-JPY rallied… Read more »

XE Market Analysis: Trifecta of Strong Domestic Data Buoys the US Dollar

OVERVIEW The DXY Index near a two-week high on the back of optimism within the manufacturing sector GBP drops to three-month low as PM May ignored calls for her resignation NYMEX WTI crude gains nearly 1.50%, injecting support to the loonie Source: XE news feed XE Market Analysis: Trifecta of Strong Domestic Data Buoys… Read more »

XE Market Analysis: North America – May 16, 2019

The Dollar has been trading mixed, losing ground to the Canadian Dollar, which has outperformed amid fresh gains in oil prices on Middle East tensions, while posting fresh trend highs against the Australian Dollar following an unexpected rise in the Australian jobless rate, and the Pound, which continued on a Brexit-related losing streak. Source:… Read more »

XE Market Analysis: Europe – May 16, 2019

Currencies have seen little direction for the most part so far today. AUD-USD was an exception, dipping to a fresh four-month low at 0.6892 following sub-forecast Australian employment data. The pair subsequently recouped above 0.6900. EUR-USD idled near 1.1200, above the one-week low seen yesterday at 1.1178, and USD-JPY plied a narrow range near 109.50,… Read more »

XE Market Analysis: Asia – May 15, 2019

The Dollar was mixed in early N.Y. trade, seeing EUR-USD down at 1.1182 lows from London morning highs of 1.1217. News that the U.S. would delay imposing auto tariffs for 6-months saw that pairing rally back to 1.1224. USD-JPY was heavy, bottoming at 109.15, though later getting a lift from the rebound on Wall Street…. Read more »

XE Market Analysis: Brexit Inertia Pulls the Pound Lower

OVERVIEW The US dollar maintains a firm tone despite retail sales missing market consensus The British Pound suffered a 0.5% drop as PM May insists on bringing the “Old Plan” for a new vote NYMEX WTI crude drops 1% on lower demand and soft Chinese data Source: XE news feed XE Market Analysis: Brexit… Read more »

XE Market Analysis: North America – May 15, 2019

The London AM session went from risk-on to risk-off, the later phase of which saw the Yen and other safe havens rise while currencies and assets with high-beta performance characteristics came under pressure. A 16-year low in retail sales in China, alongside a moderation in industrial production data, helped rekindle risk aversion in global markets…. Read more »

XE Market Analysis: Europe – May 15, 2019

The Dollar majors have mostly been trading steadily, holding within respective Tuesday ranges. One exception was AUD-USD, which edged out a new four-month low at 0.6922, which reflected Aussie Dollar weakness as markets reacted to soft Chinese data today. China’s April industrial production decelerated from the four-and-a-half-year high seen in March while China’s retail sales… Read more »

Australia to import grain for the first time since 2007

Australia will import foreign-grown grain for the first time since 2007, after the Department of Agriculture approved a permit to import bulk wheat from Canada. Source: ABC Grain Australia to import grain for the first time since 2007

XE Market Analysis: Asia – May 14, 2019

The Dollar firmed up some in N.Y. on Tuesday, taking the DXY from 97.31 opening lows to 97.54. Wall Street rebounded, though Treasury yields didn’t move much higher, capped by cool import and export price data. EUR-USD tested the 1.1200 mark, though was unable to break down. USD-JPY meanwhile, perked up some with Wall Street,… Read more »

XE Market Analysis: Eye for an Eye Trade Tariffs Restrict Currency Market Movements

OVERVIEW Dollar Index attempts a recovery after US President signals deal still possible The British pound is still suffering from Brexit indecision, despite strong job numbers NYMEX WTI crude jumped 60 cents on geopolitical risk and trade tensions. Source: XE news feed XE Market Analysis: Eye for an Eye Trade Tariffs Restrict Currency Market… Read more »

XE Market Analysis: North America – May 14, 2019

The Dollar has been trading mixed, gaining versus the Yen and Swiss franc, both of which have underperformed as safe haven premiums unwind following some conciliatory-sounding remarks from President Trump yesterday, while losing ground to the Dollar bloc currencies and holding near net unchanged levels versus the Euro. USD-JPY lifted 0.4% to an intraday high… Read more »

XE Market Analysis: Europe – May 14, 2019

The Yen has softened today amid a modest correction in risk-off positioning in forex markets, which has been concomitant with a 0.4% rebound in S&P 500 futures after the cash version of the index closed on Wall Street with a 2.4% loss. Asian equity markets are mostly showing declines, though most have pared steep losses… Read more »

XE Market Analysis: Asia – May 13, 2019

The DXY fell to near one-month lows of 97.04 in early N.Y. trade on Monday, though later rallied to 97.32 as safe-haven flows into the Greenback kicked in. China’s retaliation to the upped U.S. tariffs, drove the FX market. EUR-USD peaked at 1.1263 early on, later pulling back to 1.1228 lows. USD-JPY fell to new… Read more »

XE Market Analysis: China Strikes Ups the Ante in Trade War with Tariff Retaliation

OVERVIEW China retaliates against US import taxes and Trump tweets with $60 billion worth of tariffs on Chinese imports Dow sinks by over 500 points, other stock markets drop sharply GBP remains somewhat steady during ongoing Brexit talks. MPs remain hopeful of an inter-party solution HIGHLIGHT Source: XE news feed XE Market Analysis: China… Read more »

XE Market Analysis: North America – May 13, 2019

The Yen and Swiss Franc have gained while the Dollar bloc and many other currencies with higher beta performance characteristics, such as most developing-world currencies, have declined, albeit on relatively moderately so far. This has been concomitant with a declines in global equity markets following frosty rhetoric from both U.S. and Chinese officials. USD-JPY settled… Read more »

XE Market Analysis: Europe – May 13, 2019

The Yen has remained buoyant while the Dollar bloc and other currencies with a higher beta characteristic have weakened amid a risk-off sentiment. Relations between the U.S. and China on trade remain fraught; the U.S. on Sunday demanded promises of concrete changes to Chinese law, while Beijing said it would not take “bitter fruit” that… Read more »

XE Market Analysis: Asia – May 10, 2019

The Dollar fell some after the cooler U.S. CPI outcome, taking the DXY to three-week lows of 97.14, from 97.39 into the open, though later recovering some as Wall Street pared early losses. EUR-USD printed highs of 1.1253 before pulling back to 1.1230, while USD-JPY touched 109.47, then rallied to 109.90. USD-CAD fell early on… Read more »

XE Market Analysis: US and China Set Table to Ping Pong Trade Tariffs

OVERVIEW US dollar Index points lower after soft CPI data Canadian loonie strengthens over solid employment data. NYMEX WTI crude oil moves higher adding firmer support to commodity-linked currencies HIGHLIGHT Source: XE news feed XE Market Analysis: US and China Set Table to Ping Pong Trade Tariffs

XE Market Analysis: North America – May 10, 2019

Currency markets have been trading calmly, with the Yen unwinding some of its safe have premium while currencies with higher higher beta characteristics, such as the Dollar bloc and most developing-world units, firmed up. This was seen concurrently with a rise in stock markets in Europe and Asia, led by a 3%-plus surge of the… Read more »

XE Market Analysis: Europe – May 10, 2019

The Dollar majors have remained within their respective Thursday ranges so far, and stock markets in China and most of Asian have risen despite the U.S. having implemented tariff hikes on $200 bln worth of Chinese imports, and threatening more. The reason is that President Trump said that a trade deal with China was still… Read more »

World wheat crop to lift 5pc: AMIS

Bigger wheat crops this year in Russia, EU and Australia are expected to boost world wheat production by 5 per cent from last year’s reduced level, says international crop monitoring agency…Read More Source: Grain Central World wheat crop to lift 5pc: AMIS

XE Market Analysis: Asia – May 09, 2019

The Dollar index fell to seven-session lows of 97.24 in N.Y. on Thursday, coming from opening highs of 97.63. Incoming data was a bit softer than expected, with core PPI a bit cooler, jobless claims a bit higher, and the trade deficit a bit wider. Focus remained on the risk backdrop, where U.S./China trade spat… Read more »