Category: Commodities & Markets News

Commodities and financial market news from external sources.

XE Market Analysis: North America – Jan 10, 2019

The Dollar has traded mostly softer following yesterday’s volley of dovish Fed speakers which, along with the FOMC minutes from the December FOMC meeting, affirmed that the “Powell Put” is resonating with others on the team. EUR-USD punched out a three-month high at 1.1570 ahead of the London interbank open, since correcting back under 1.1550…. Read more »

XE Market Analysis: Europe – Jan 10, 2019

The Dollar is trading on a mostly weaker footing following yesterday’s volley of dovish Fed speakers which, along with the FOMC minutes from the December FOMC meeting, affirmed that the “Powell Put” is resonating with others on the team. EUR-USD punched out a three-month high at 1.1570 ahead of the London interbank open, though has… Read more »

XE Market Analysis: USD Falls to October Lows Over Trade Talks with China

OVERVIEW US Dollar weakens trade talks wrap up for the week between the US & China with no apparent winner.  The Canadian dollar has strengthened today as the Bank of Canada leaves interest rates on hold. Sterling mixed as PM May suffers setback ahead of Tuesday’s parliamentary vote on Brexit.  HIGHLIGHT Source: XE news… Read more »

XE Market Analysis: North America – Jan 09, 2019

The Dollar has been trading on a softer tack so far today, posting fresh lows in the cases against the Dollar bloc currencies, which have outperformed amid a backdrop of firmer crude and global equity markets, while still holding below recent lows versus other currencies. USD-CAD, now in its sixth consecutive session of decline, which… Read more »

XE Market Analysis: Europe – Jan 09, 2019

The Dollar has been trading on a softer tack so far today, posting fresh lows in the cases against the Canadian and Australian Dollars, which have outperformed amid a backdrop of firmer crude and global equity markets, while still holding below recent lows versus other currencies. USD-CAD, now in its sixth consecutive session of decline,… Read more »

XE Market Analysis: Asia – Jan 08, 2019

The Dollar advanced modestly in early N.Y. trade on Tuesday, taking the DXY to 96.03 highs from 95.71 lows. Sentiment was buoyed by U.S.-China trade talks, which appear to be making some progress. The two sides added an extra day of negotiations on Wednesday. Wall Street rose for the third consecutive day. EUR-USD was range… Read more »

XE Market Analysis: North America – Jan 08, 2019

The Dollar has traded moderately firmer against most currencies. The main exception was the Canadian Dollar, which outperformed on the back of continued firmness in oil prices. USD-CAD, now in its fifth consecutive day of descent, posted a one-month low at 1.3267. The USD index (DXY), meanwhile, recovered over half of yesterday’s loss in printing… Read more »

XE Market Analysis: Europe – Jan 08, 2019

The Dollar has traded firmer, recouping some of the ground lost yesterday, with market participants eyeing the upcoming release of the latest JOLTS and consumer credit reports later today, both of which are likely affirm the U.S. labour market as being in rude health. The USD index (DXY) recovered more than half of yesterday’s losses… Read more »

XE Market Analysis: Asia – Jan 07, 2019

The Dollar traded lower in N.Y. on Monday, taking the DXY to two-plus month lows of 95.64. A softer than expected services ISM had little impact. Wall Street was higher on hopes for trade progress between the U.S. and China. EUR-USD ranged between 1.1439 and 1.1486, while USD-JPY peaked at 108.68, bucking the trend, as… Read more »

XE Market Analysis: US Dollar Falls as Fed Expected to Pause Rate Hikes

OVERVIEW US Dollar weakens as Fed expected to halt rate hikes The Canadian dollar rises to 4-week high as oil prices rebound Sterling gains ground before crucial Parliamentary Brexit vote HIGHLIGHT The Canadian Dollar touched its strongest level since mid-December today as oil rose by 1.3%. This move, combined with US Dollar weakness, helped the CAD… Read more »

XE Market Analysis: North America – Jan 07, 2019

A reversal of risk-off positioning has seen the yen underperform, while currencies with higher beta characteristics, such as the Australian dollar and other dollar bloc units, and developing world currencies, have outperformed most other currencies. The Dollar itself has traded mixed, on net, and EUR-USD settled to an oscillation of the 114.00 level. USD-JPY lifted… Read more »

XE Market Analysis: Europe – Jan 07, 2019

The Dollar has softened against most currencies today, concomitantly with a decline in U.S. Treasury yields following tempered comments from Fed Chairman Powell, who said the Fed will be patient and flexible in policy decisions. The USD index (DXY) is down 0.3% at 96.0, earlier posting a three-session low at 95.93, while EUR-USD is concurrently… Read more »

XE Market Analysis: Asia – Jan 04, 2019

The dollar rallied in early N.Y. trade on Friday, following a stellar U.S. December employment report. Later, the Greenback slid lower as Fed chief Powell underscored that the Fed would be patient and flexible with respect to the policy path, and would adjust policy as conditions warranted. That helped unwind market misconceptions that the course… Read more »

XE Market Analysis: North America – Jan 04, 2019

A reversal of risk-off positioning has seen the yen underperform, while currencies with higher beta characteristics, such as the Australian dollar and other dollar bloc units, and developing world currencies, have outperformed most other currencies. The Dollar itself has traded mixed, on net, and EUR-USD settled to an oscillation of the 114.00 level. USD-JPY lifted… Read more »

XE Market Analysis: Europe – Jan 04, 2019

A reversal of risk-on positioning has seen the Yen underperform, while currencies with higher beta characteristics, such as the Australian Dollar and other Dollar bloc units, and developing world currencies, have outperformed most other currencies. The Dollar itself has traded mixed, on net, and EUR-USD settled to an oscillation of the 114.00 level. USD-JPY has… Read more »

XE Market Analysis: Asia – Jan 03, 2019

The Dollar bounced in N.Y. trade on Thursday following the firmer ADP jobs report, though later fell sharply as the U.S. manufacturing ISM came in much weaker than forecast. The data added another layer of market worry to global growth slowing, while saw the market price out pretty much all 2019 Fed tightenings. The DXY… Read more »

XE Market Analysis: Europe – Jan 03, 2019

The Yen has strengthened sharply, driven by safe haven demand following Apple’s after-hours revenue warning, which has sent U.S. equity futures down sharply while weighing on Asian markets. AUD-JPY has been the biggest mover, and is showing a 1.8% loss despite having lifted out of its lows. USD-JPY is off by 1.4%, at 107.35, having… Read more »

XE Market Analysis: Asia – Jan 02, 2019

The Dollar rallied in N.Y. on the first trading day of the year, taking the DXY to 96.88 highs, up from 96.27 into the open. Safe-haven flows were behind the Greenback’s gains early on, as Wall Street opened sharply lower on the back of China growth concerns. Aside from Markit PMI data, there was no… Read more »

Aussie dollar hits three-year low, as China economy falters

Weak Chinese economic data, rising trade tensions between China and the US, and a stronger US dollar sent the local currency sent the Australian dollar to a three-year low below US70c overnight. The post Aussie dollar hits three-year low, as China economy falters appeared first on Beef Central. Source: Beef Central Aussie dollar hits… Read more »

XE Market Analysis: North America – Jan 02, 2019

The Dollar has traded mostly firmer, although lost ground to a safe-haven buoyed Yen, while Sterling and the Australian Dollar were the underperformers out of the main currencies, the former on Brexit concerns and the latter on China and global growth concerns. EUR-USD tracked back to the lower 1.1400s lower after punching out a two-month… Read more »

XE Market Analysis: Europe – Jan 02, 2019

The Dollar has traded mostly weaker, with EUR-USD punching out a two-month high within a whisker of 1.1500 while USD-JPY dove to a seven-month low of 109.12. Most of the USD-JPY price action dynamic has been a reflection of general Yen strength, driven by safe haven demand as stock markets across Asia and U.S. equity… Read more »

XE Market Analysis: North America – Dec 31, 2018

The Dollar has traded mixed in thin year-end conditions. Japan, mainland China and many European nations have been closed for holidays, while the London and Paris will be working a half day today. EUR-USD settled in the mid 1.1400s after earlier eking out a two-session low at 1.1421 amid a bout of Dollar firmness. USD-JPY… Read more »

XE Market Analysis: Europe – Dec 31, 2018

The Dollar has traded mostly modestly firmer in thin year-end conditions. Tokyo market have been closed today, with trading set to remain ultra thin until the new year gets underway in markets on Wednesday. EUR-USD eked out a two-session low at 1.1421, while USD-JPY has settled in the lower 110.00s, above the four-month low seen… Read more »

XE Market Analysis: Volatile Stock Markets Send Investors Seeking Safe Havens

OVERVIEW International stock markets took investors for a roller coaster ride this week, leaving analysts scratching their heads USD weaker against safe-haven currencies and Euro as US President continues to rail against Fed Sterling moving sideways as UK Parliament prepares for Brexit deal vote on January 14 HIGHLIGHT Source: XE news feed XE Market… Read more »

XE Market Analysis: Asia – Dec 28, 2018

A mixture of Dollar weakness and Yen and Swiss franc strength characterized the final day of thin Christmas week trading. USD-CHF was showing a near 1% decline at the lows before settling with a 0.5% decline, while USD-JPY also posted a net loss of more than 0.5%. EUR-USD settled to an oscillation of 1.1450 after… Read more »

XE Market Analysis: North America – Dec 28, 2018

Dollar weakness alongside Yen and Swiss Franc outperformance have remained the dominant theme in thin year-end forex markets, with the safe haven currencies ascending despite concurrent gains in most global stock and commodity markets. USD-JPY lost over 0.5% in posting a low of 110.23, returning focus on the four-month low seen earlier this week at… Read more »

XE Market Analysis: Europe – Dec 28, 2018

The Dollar has traded softer against most currencies so far today, posting a one-week low versus the Euro and a two-day low against the Yen. EUR-USD’s high is 1.1466, with focus set on the seven-week high seen last week at 1.1485, and USD-JPY’s low is 110.45, with focus set on the four-month low seen earlier… Read more »

XE Market Analysis: Asia – Dec 27, 2018

The Dollar has traded mixed as a risk-back-off theme coursed through thin year-end global markets. The biggest gainers out of the main currencies have been the Yen and Swiss Franc, while the biggest losers have been the Dollar bloc currencies. Oil prices and industrial commodity prices concurrently declined. The biggest movers were AUD-JPY and AUD-CHF,… Read more »

XE Market Analysis: North America – Dec 27, 2018

The Dollar and Yen have weakened moderately against most other currencies, though the Australian Dollar has been an exception, with the antipodean currency underperforming as risk appetite sourced once again following a weak industrial profit figure out of China. EUR-USD lifted to the 1.1400 level, putting in some distance from yesterday’s nine-day low at 1.1343…. Read more »

XE Market Analysis: Europe – Dec 27, 2018

The Dollar and Yen have weakened moderately against most other currencies, though the Australian Dollar has been an exception, with the antipodean currency underperforming following a weak industrial profit figure out of China. EUR-USD lifted to the 1.1380-90 area, putting in some distance from yesterday’s nine-day low at 1.1343. Cable recouped above 1.2650, remaining in… Read more »

XE Market Analysis: North America – Dec 24, 2018

The Dollar has trade modestly softer in low-volume and low-commitment trading, with many centres closed and those that have been open operating at skeletal staffing levels. EUR-USD has settled near 1.1400, up from the four-session low seen on Friday at 1.1356 while remaining comfortably below the six-week high seen earlier last week at 1.1485. USD-JPY… Read more »

XE Market Analysis: Europe – Dec 24, 2018

Narrow ranges have prevailed in low-volume markets. The Dollar consolidated at moderately softer levels after rallying on Friday, with all the main pairings holding comfortably within their respective Friday ranges. EUR-USD has settled in the upper 1.1300s, up from the four-session low seen on Friday at 1.1356, and USD-JPY has settled near the 111.0 mark…. Read more »

Namoi seeks court’s help over Cargill cottonseed wrangle

Namoi Cotton has filed a pre-discovery application with the Federal Court of Australia in which it which seeks access to documents and accounting information from Cargill Australia Limited in respect of their joint venture oilseeds business. The post Namoi seeks court’s help over Cargill cottonseed wrangle appeared first on Grain Central. Source: Grain Central … Read more »

XE Market Analysis: Asia – Dec 21, 2018

The Dollar rallied in N.Y. on Friday. taking the DXY to 97.00, from 96.26 lows. USD short covering was a major driver, as many will be off work for much of next week, leaving liquidity at a premium. Today’s U.S. data was mixed, seeing Q3 GDP revised down a tenth to 3.4%, and Michigan sentiment… Read more »

XE Market Analysis: North America – Dec 21, 2018

The Dollar has traded moderately firmer, recouping some of the lost ground seen during the midweek, while a concurrent theme has been a broader correction in the Euro, which corrected after outperforming yesterday. EUR-USD ebbed to the lower 1.1400s, putting in a little distance from the six-week high printed yesterday at 1.1485. EUR-JPY and other… Read more »

XE Market Analysis: Europe – Dec 21, 2018

The Dollar majors have posted narrow ranges so far today, amid thin year-end volumes. Risk aversion has remained the dominant theme in equity markets in Asia following another negative closing on Wall Street on the familiar mix of the U.S. v China standoff and concerns about slowing global growth, although some Asian bourses, including Hong… Read more »

XE Market Analysis: Asia – Dec 20, 2018

The Dollar rallied some in early N.Y. trade on Thursday, largely as short covering stepped in following the DXY’s move to one-month lows in Europe. U.S. government shutdown jitters, and another Wall Street swell-off later saw the Greenback retrace lower. Trump said he would not sign the latest continuing resolution, which would fund many government… Read more »

XE Market Analysis: Europe – Dec 20, 2018

The Yen has outperformed amid a risk-off backdrop, with stock markets in Asia tumbling and S&P 500 futures showing losses of over 0.5%, building on the closing losses seen on Wall Street yesterday after the Fed refrained from signalling a pause in its tightening cycle. Oil prices are down over 2%, though remain above the… Read more »

XE Market Analysis: Asia – Dec 19, 2018

The Dollar remained under pressure ahead of the FOMC announcement, taking the DXY to eight session lows of 96.56 early in the session. Traders pared long USD positions, and in some cases gone short on expectations the Fed will raise rates today, but signal a pause in tightening going forward. The USD perked up slightly… Read more »

XE Market Analysis: North America – Dec 19, 2018

The Dollar remained on a softening tack, printing fresh lows against some currencies, including both the Yen and the Euro, the latter of which has been the chief beneficiary of the softer U.S. currency. EUR-USD edged out a fresh nine-day high of 1.1414, which surpasses yesterday’s peak by 13 pips. EUR-JPY, EUR-GBP and EUR-CHF, among… Read more »

XE Market Analysis: Europe – Dec 19, 2018

The Dollar has traded softer so far today as markets anticipate a “dovish hike” from the Fed today, being a 25 bp tightening complemented by a signal that policy is going neutral. There has been some speculation that the Fed might even refrain from hiking, though we are doubtful this will happen. Stock markets in… Read more »

GrainCorp awaits revised takeover proposal

GrainCorp is waiting on potential buyer, Long-Term Asset Partners (LTAP), to come up with a “more certain” takeover proposal before it makes any recommendations to its shareholders. The post GrainCorp awaits revised takeover proposal appeared first on Grain Central. Source: Grain Central GrainCorp awaits revised takeover proposal

XE Market Analysis: Asia – Dec 18, 2018

The Dollar recovered some in N.Y. trade on Tuesday, taking the DXY to 97.16 from seven-session lows of 96.72 seen into the open. USD short covering ahead of the FOMC announcement on Wednesday was a driver, though the market appears to be ready for a dovish statement from the Fed after it likely raises rates… Read more »

XE Market Analysis: North America – Dec 18, 2018

The Dollar came under broad pressure during the London AM session. Market narratives are talking about position trimming into the Fed’s expected rate hike, which is also widely expected to be accompanied with dovish-leaning guidance. This view appears to have helped stock markets find some stability following the hefty losses Wall Street saw yesterday. S&P… Read more »

XE Market Analysis: Europe – Dec 18, 2018

The Yen has been buoyed amid a risk aversion theme in global markets after Wall Street closed with 2%-plus declines yesterday and with Asian equity markets also taking a tumble today. USD-JPY posted an eight-day low of 112.47. Yen crosses also saw a similar price action, with the high beta AUD-JPY cross coming within 10… Read more »

XE Market Analysis: Asia – Dec 17, 2018

The Dollar headed lower overnight, taking the DXY 97.06 lows from overnight highs of 97.46, and from 18-month highs of 97.71 seen on Friday. Incoming U.S. data included a sharp drop in the Empire State index, and a softer NAHB housing index, which put some downward pressure on the Greenback. Wall Street imploded again, leaving… Read more »

Xe Market Analysis: Pound Struggles as UK Gov Rules Out Second Brexit Referendum

OVERVIEW The Pound remains weak as the can is kicked down the road once again on “meaningful vote.” US Dollar yields ground ahead of FED Interest rate Announcement. The Loonie dips on concerns over global growth. The Croatian Central Bank intervenes to stop the Kuna appreciating. HIGHLIGHT Source: XE news feed Xe Market Analysis: Pound Struggles… Read more »

XE Market Analysis: North America – Dec 17, 2018

The Dollar has come under moderate pressure, with the currency retracing some of the gains posted on Friday. EUR-USD nudged moderately higher to around the 1.1340 mark, putting a little space in from the intraday low seen in Asia at 1.1299. The move reflected part Euro firmness, despite data showing a narrowing in the Eurozone… Read more »

XE Market Analysis: Europe – Dec 17, 2018

Narrow ranges have prevailed in early-week trading so far. EUR-USD has seen no more than a 20-pip range, defined by 1.1299 and 1.1318, above Friday’s three-week low at 1.1270, which was printed amid broad demand for the Dollar following net-positive U.S. data. USD-JPY drifted modestly high in making an intraday peak at 113.52. Both pairings… Read more »

XE Market Analysis: Asia – Dec 14, 2018

The Dollar index pulled back from 18-month highs it posted early in the session, dipping to 97.43 from 97.71 highs. Incoming U.S. data was decent, with retail sales coming in as-expected, with upside prior month revisions. Industrial production was netter than expected, though revised down from prior months. Wall Street was slammed on China slowdown… Read more »

XE Money Transfer: USD Brushes Aside G-10 currencies and Moves to a 20-month High

OVERVIEW Better-than-expected retail sales attract more bid for the US dollar. The Dollar Index is up 0.6% Sterling comes under heavy selling pressure as a no-deal Brexit situation resurfaces.  NYMEX WTI Crude flat near $52.25 a barrel as investors assess the impact of a stalling Chinese economy HIGHLIGHT Source: XE news feed XE Money… Read more »

XE Market Analysis: North America – Dec 14, 2018

The Dollar has traded firmer against mot other currencies, the Yen being the main exception, with USD-JPY having held steady in the mid 113.0s. Driving were weakness in Dollar block currencies, amid a backdrop of tumbling stock markets and sub-forecast Chinese retail sales and production data, and specific weakness in both the Euro and Pound…. Read more »

XE Market Analysis: Europe – Dec 14, 2018

The Dollar and Yen has traded firmer against most other currencies against a backdrop of souring risk appetite after Chinese retail sales and production data undershot growth expectations, which in rekindled concerns about flagging global growth. The biggest losers out of the main currency group has been the Dollar bloc currencies, with AUD-USD and AUD-JPY… Read more »

XE Market Analysis: Asia – Dec 13, 2018

The dollar firmed up some in N.Y. trade on Tuesday, getting an early lift from a dovish sounding Draghi at his ECB policy press conference, and lower than expected U.S. jobless claims. The DXY recovered from a three-session low of 96.89 to peak at 97.29. EUR-USD fell to lows of 1.1332, while USD-JPY was range-bound… Read more »

XE Market Analysis: North America – Dec 13, 2018

The Dollar has been trading mixed-to-firmer, losing a little ground to the Euro and the Pound, both of which settled after falling sharply over the last day, while gaining versus the Yen and other currencies. Both the Euro the Pound remain heavy overall as political uncertain envelopes sentiment, with French President Macron facing a parliamentary… Read more »

XE Market Analysis: Europe – Dec 13, 2018

A risk-on theme has been coursing through forex markets, concomitantly with rallying global equity markets, which has seen the Dollar bloc currencies rise and the Yen decline. The biggest mover out of the main Dollar pairings and associated cross rates has been AUD-JPY, which is showing a 0.4% gain heading into the London interbank open…. Read more »

XE Market Analysis: Asia – Dec 12, 2018

The Dollar eased some in N.Y. trade on Wednesday, taking the DXY to 96.90 lows from overnight highs of 97.49. A benign U.S. CPI print weighed some on the Greenback, as did the return of risk-on conditions following reports of progress in the U.S./China trade war. EUR-USD topped at 1.1387 before edging back under 1.1360,… Read more »

XE Market Analysis: North America – Dec 12, 2018

The Dollar has been trading mixed-to-firmer, losing a little ground to the Euro and the Pound, both of which settled after falling sharply over the last day, while gaining versus the Yen and other currencies. Both the Euro the Pound remain heavy overall as political uncertain envelopes sentiment, with French President Macron facing a parliamentary… Read more »

XE Market Analysis: Europe – Dec 12, 2018

The Dollar has plied narrow ranges against most other currencies so far today, although a theme of Yen underperformance lifted USD-JPY to a nine-day high of 113.51, extending a rebound from the six-week low that was seen last week at 112.23. The weakness in the Japanese currency has been concomitant with a revival in risk… Read more »

XE Market Analysis: Asia – Dec 11, 2018

The Dollar moved higher in N.Y. on Tuesday, aided early on by warmer core U.S. PPI data. The Dollar index posted two-week highs of 97.53 before steadying. Wall Street kept a bid in the dollar, as choppy conditions there provided some safe-haven USD flows. EUR-USD fell from highs of 1.1400 into the open, bottoming at… Read more »

Weekly rainfall wrap + rain outlook, 12 Dec 2018

Broad low pressure troughs produced moderate falls through Western Australia and northern and eastern Australia, while heavy falls were recorded in the north tropical Queensland coast after ex-tropical cyclone Owen crossed near Port Douglas. The post Weekly rainfall wrap + rain outlook, 12 Dec 2018 appeared first on Beef Central. Source: Beef Central Weekly… Read more »

XE Market Analysis: North America – Dec 11, 2018

The Dollar traded moderately softer amid a backdrop of rebounding global stock markets, and was showing losses of between 0.2% and 0.5% versus the Yen, Euro and Sterling heading into the New York interbank open. The Pound managed to find a better footing after dropping sharply yesterday, recouping about a third of the lost ground…. Read more »

XE Market Analysis: Europe – Dec 11, 2018

Narrow ranges have prevailed so far today. EUR-USD has settled in the mid 1.1300s, consolidating losses from the mid 1.1400s that were seen yesterday, while USD-JPY has settled in the lower 113.0s after capping out at a one-week high yesterday at 113.36. Stock markets have found a footing on news that the U.S. and China… Read more »

Xe Market Analysis: Sterling Tumbles as Brexit Vote Postponed

OVERVIEW The Euro hit a three month high against Pound as PM May pulls ‘meaningful vote’ Dollar rebounds from the biggest weekly drop in three months Canadian Dollar weakens once again as oil prices decline HIGHLIGHT Sterling broke through the critical 1.2700 level today on the news that PM May was going to delay the vote… Read more »

XE Market Analysis: Asia – Dec 10, 2018

The dollar was higher in N.Y. on Monday, taking the DXY to seven-session highs of 97.21, up from pre-open levels of 96.55. Stock market volatility reared its head again, leading to safe-haven Dollar buying. Cable losses led USD gains, as P.M. May postponed the parliamentary Brexit vote, leading the Pound to 20-month lows near 1.2500…. Read more »

XE Market Analysis: North America – Dec 10, 2018

The Dollar and Yen have, by varying degrees, traded generally softer against most other currencies, with the main exception being Sterling, which has come under pressure as markets fear fresh political uncertainty in the UK after what is expected to be a failed parliamentary vote tomorrow on the EU Withdrawal Agreement. The Pound was showing… Read more »

XE Market Analysis: Europe – Dec 10, 2018

The Dollar and Sterling have come under general pressure, with EUR-USD showing an intraday gain of 0.5% in printing a three-week high at 1.1442, while EUR-GBP saw an every bigger gain in posting a 10-week high at 0.8978. The Pound underperformed the Dollar, too, which has driven a modest loss in Cable, to the lower… Read more »

XE Market Analysis: Asia – Dec 07, 2018

The Dollar fell in N.Y. on Friday following a softer than expected U.S. employment report. The DXY fell from 96.90 to 96.54 lows before steadying over 94.60. Wall Street was sharply lower again on renewed trade concerns, while Treasury yields slipped as well. EUR-USD peaked at 1.1413, from opening lows of 1.1365, while USD-JPY fell… Read more »

Xe Market Analysis: Canadian Loonie Gets Wings After Strong Jobs Report Card

OVERVIEW The CAD moves above 0.7500 handle with the unemployment rate at its lowest level since 1976 The Dollar Index trading flat as the market continues to digest non-farm payroll data: +155k versus an estimate of 198k.  Sterling is trading with negative bias ahead of key vote in Parliament. NYMEX WTI Crude advances 2.50$ today after… Read more »

XE Market Analysis: North America – Dec 07, 2018

The Dollar majors have seen narrow ranges so far today as market participants collectively sit on their hands into the U.S. employment report release. The Yen saw some of its safe haven premium unwind, concomitantly with a rebound in global stock markets, although S&P 500 futures are showing a 0.5% loss while the Australian Dollar… Read more »

XE Market Analysis: Europe – Dec 07, 2018

Currencies have been mixed in trade so far today. The Yen has seen some of its safe haven premium unwind, concomitantly with a steadying in global stock markets, although S&P 500 futures are showing a 0.5% loss while the Australian Dollar and other Dollar bloc currencies have drifted back towards lows. EUR-USD has settled to… Read more »

Xe Currency Market Analysis: US Dollar under pressure as Yields Continue to Fall

OVERVIEW The US Dollar weakens against a basket of currencies as bond yields tumble This Greenback weakness pops up the Pound as we prepare for the ‘meaningful vote’ on the Brexit separation arrangement The Canadian dollar continues to weaken as Governor Poloz states the economy is weaker than expected HIGHLIGHT Source: XE news feed … Read more »

XE Market Analysis: Asia – Dec 06, 2018

The Dollar was mostly lower in N.Y. on Thursday, with some soft-ish data weighing some, and profit taking setting in after the DXY made four-session highs on Wednesday. Incoming data included as softer ADP jobs reading, a widened trade deficit, and a higher than forecast initial jobless claims outcome. The DXY fell to 96.56 lows… Read more »

XE Market Analysis: North America – Dec 06, 2018

A risk-off theme dominated in forex markets as the global stock rout continued across European and Asian bourses, while S&P 500 futures racked up a 1.7% loss, extending the 3%-plus dive seen on Wall Street on Tuesday. The biggest currency losers have been the relatively high beta Dollar bloc and emerging market currencies, while the… Read more »

XE Market Analysis: Europe – Dec 06, 2018

The Dollar majors have mostly remained in relatively narrow ranges, holding with respective ranges from yesterday. A cross theme has been continued Yen firmness amid an ongoing rout in global stock markets, with S&P futures showing a 0.9% loss, adding to the heavy losses seen on Tuesday (Wall Street was closed yesterday), while Asian bourses… Read more »

Xe Market Analysis: Dollar settles as fears of Recession Ease

OVERVIEW US Dollar steadied after a possible inversion in the Treasury Yield curve The Pound trades well off its lows as Brexit outlook turns more positive Canadian dollar hits an 18-month low as rate hike chances are slashed  HIGHLIGHT The Loonie hit an 18-month low today as a rate hike was put on the back… Read more »

XE Market Analysis: Asia – Dec 05, 2018

U.S. equity futures traded Wednesday and managed a modest rebound after Tuesday’s drop. This may provide some boost when Wall Street reopens Thursday. Treasury markets were closed as well. The Dollar index was a bit firmer, but FX trade was very thin[EUR, USD] Source: XE news feed XE Market Analysis: Asia – Dec 05,… Read more »

XE Market Analysis: North America – Dec 05, 2018

The Dollar has traded mixed, falling back against the Euro and Sterling while holding firmer versus the Dollar bloc currencies and the Yen. EUR-USD recouped to levels around 1.1350 after printing a two-day low at 1.1317, which is just over a big figure down on yesterday’s peak. The low was a product of broad Dollar… Read more »

XE Market Analysis: Europe – Dec 05, 2018

The Dollar has traded firmer despite fresh declines in U.S. yields yesterday, where the flattening yield curve has added the list of possible precursors of recession. Safe haven demand for the U.S. currency was cited in market narratives yesterday as Wall Street headed to sharp closing losses. There is also a holiday in the U.S…. Read more »

Weekly rainfall wrap + rain outlook, 5 Dec 2018

BROAD low pressure troughs produced moderate falls in northern and central Australia, while a deep low pressure system off the New South Wales coast produced locally heavy falls in Sydney, the Illawarra and Central Tablelands districts. The highest weekly total was 222 mm at Faulconbridge in the Central Tablelands of New South Wales. The post… Read more »

XE Market Analysis: Asia – Dec 04, 2018

After falling overnight, the DXY rallied through the N.Y. session on Tuesday, topping at 97.12 from lows of 96.39 into the open. There was no data to drive the market, though uncertainty over trade (Trump tweet: “I am Tariff Man”) spooked markets, resulting in safe-haven flows into the Dollar (and Yen). EUR-USD topped at 1.1418… Read more »

XE Market Analysis: North America – Dec 04, 2018

The main movers today have been the Dollar, which has declined concomitantly with Treasury yields as markets recalibrate the Fed policy outlook, the Yen, which has attracted a safe-haven bid as the U.S.-China “truce” trade faded and global stocks turn lower, and Sterling, which spurted about a big figure higher versus the Dollar on Brexit-related… Read more »

XE Market Analysis: Europe – Dec 04, 2018

A risk-back-off theme gripped markets, while a concurrent decline in U.S. Treasury yields has driven Dollar underperformance. This backdrop drove USD-JPY down by over 0.5% as the pair posted a nine-day low at 113.05. EUR-JPY, AUD-JPY and other Yen crosses have concurrently declined, although by a lesser magnitude, as the Japanese currency picked up safe… Read more »

XE Market Analysis: Tariffs Truce Dents Dollar as High Yielders benefit

OVERVIEW US Dollar falls as a ceasefire in tariffs is declared between the US and China The Pound dives to five-week lows as Brexit fears intensify Commodity currencies such as the Australian and New Zealand Dollar strength on risk appetite  HIGHLIGHT The New Zealand Dollar was one of a basket of currencies to benefit from… Read more »

XE Market Analysis: Asia – Dec 03, 2018

After rallying into the N.Y. open on Monday, the Dollar pulled back slightly through the session, taking the DXY to a low of 96.88 from 97.14 highs. A stronger than expected Manufacturing ISM briefly supported the Greenback, though has little impact overall. Wall Street meanwhile traded down from early highs, as the market did a… Read more »

XE Market Analysis: North America – Dec 03, 2018

The Dollar has traded mixed, recovering from intraday losses against the Euro and Sterling, among other currencies, while reversing an Asia-opening gap higher in the case against the Yen, and losing ground to the Dollar bloc and most emerging-market currencies, which outperformed strongly as risk appetite was revived by news that the U.S. and China… Read more »

XE Market Analysis: Europe – Dec 03, 2018

A risk-on theme drove the higher beta currencies higher, such as the Dollar bloc and emerging market currencies, while weighing on the Yen and Dollar. This came on news that the Trump and Xi came to a truce, with China has agreeing to “reduce and remove” tariffs below 40% on imports of U.S. vehicles, according… Read more »

LTAP heavyweights launch takeover bid for GrainCorp

A new vehicle for Australian investors, Long-Term Asset Partners Pty Ltd (LTAP), has bounded into view with a bid to buy out eastern Australia’s major bulk handler, GrainCorp, for $10.42 per share. The post LTAP heavyweights launch takeover bid for GrainCorp appeared first on Grain Central. Source: Grain Central LTAP heavyweights launch takeover bid… Read more »

XE Market Analysis: Asia – Nov 30, 2018

The Dollar firmed in N.Y. on Friday, with short covering ahead of the weekend meeting between Trump and Xi the main driver. A stronger Chicago PMI came to the Greenback’s aid as well. The DXY topped at 97.31, up from 96.90 into the open. EUR-USD faded to 1.1307, while USD-JPY peaked at 113.71. Oil prices… Read more »

XE Market Analysis: Currency Market Waits for Trade Handshakes at G-20 Gathering

OVERVIEW –  The Dollar Index is closing November on a solid footing, near a two-month high. –  Sterling is trading relatively flat as investors wait for a political storm in Parliament over UK-EU deal. –  NYMEX WTI Crude trading 1.60% lower, with a barrel of oil fetching around $50.60 HIGHLIGHT Source: XE news feed XE… Read more »

XE Market Analysis: North America – Nov 30, 2018

The Dollar picked up, which sent the USD index (DXY) to a two-day high of 97.01, up from yesterday’s one-week low at 93.63. EUR-USD, Cable and AUD-USD to concurrently posted respective intraday lows at 1.1357, 1.2743 and 0.7295. USD-JPY lifted to the mid 113.0s, though the magnitude of movement remained limited. USD-CAD, meanwhile, vaulted back… Read more »

XE Market Analysis: Europe – Nov 30, 2018

The Dollar majors have been directionally challenged as market participants sit on their hands into the Trump-Xi meeting at the G20 gathering in Argentine. EUR-USD has remained buoyant, in the upper 1.1300s, holding just below yesterday’s one-week high at 1.1401. Cable has remained settled in the upper 1.2700s after failing to sustain gains above 1.2800… Read more »

XE Market Analysis: Dollar Steadies After Powell's Speech

OVERVIEW Traders now only price in one rate hike for the US in 2019. Sterling continues to hover around vital 1.2750 level as Brexit concerns mount. The South African Rand is supported by Fed’s dovish tone. HIGHLIGHT The South African Rand has strengthened against the Greenback today following Fed Chair Powell’s speech where he eyed… Read more »