Category: Financial Markets

Financial markets news from external sources.

XE Market Analysis: Asia – Mar 12, 2019

The Dollar index headed higher into the N.Y. open, though quickly lost ground after the N.Y. open. The DXY peaked at 97.28 early, later falling to 96.92 lows. A slightly cool U.S. CPI report weighed on the Dollar, while upbeat USTR comments on U.S.-China trade talks removed some of the USD safe-haven bid as well…. Read more »

XE Market Analysis: North America – Mar 12, 2019

Sterling volatility with side themes of Euro firmness and Yen underperformance have characterized trading so far today. The Pound gave back most of the gains during the early session in New Zealand following news that UK Prime Minister May won some legally-binding concessions on the Irish backstop issue after meeting with EU’s Juncker and Barnier… Read more »

XE Market Analysis: Europe – Mar 12, 2019

Sterling has rallied strongly on Brexit progress, which also had the impact of generating a risk-on sentiment in global stock markets, with Brexit uncertainty having been on the global worry list given the deleterious impact that its been having on European economies. Cable rallied 2.4% from Friday’s closing levels in making a 12-day peak at… Read more »

XE Market Analysis: Asia – Mar 11, 2019

The Dollar was choppy in N.Y. trade on Monday, though in the scheme of things, was relatively range bound. The DXY opened over 97.38, then dropped to 97.20, bounced to 97.37, before ending near 97.20. U.S. retail sales were mixed, and had little impact on the Dollar. Wall Street started mixed, with the Dow underperfoming… Read more »

XE Market Analysis: Currency Markets Wait Nervously for Second Brexit Vote

OVERVIEW The US dollar is trading relatively softer vis-à-vis the G-10 currencies as retail sales eked out tiny gains. GBP/USD waits in the 1.30 zone as investors look to the new parliament vote NYMEX WTI Crude rises 1.40% and supporting commodity-related currencies. Source: XE news feed XE Market Analysis: Currency Markets Wait Nervously for… Read more »

XE Market Analysis: North America – Mar 11, 2019

Forex markets have been directionally unambitious so far today. EUR-USD lifted to a high of 1.1258, surpassing Friday’s peak by 12 pips, before settling back under 1.1250. The pair remains down by near 1% from week-ago levels, thanks to the losses seen in the wake of the ECB’s unexpected decision for another blast of TLTRO… Read more »

XE Market Analysis: Europe – Mar 11, 2019

Typically narrow ranges for Monday trading have been seen amongst the dollar majors, although Sterling has edged out respective three- and two-week lows against the Dollar and Euro. Brexit negotiations continued over the weekend, but without progress. The second parliamentary vote on the government’s Withdrawal Agreement, slated for tomorrow, will now likely be pulled, as… Read more »

XE Market Analysis: Asia – Mar 08, 2019

The Dollar gave up some ground to end the week, seeing the DXY fall from 97.49 to lows of 97.25 following the weaker U.S. jobs report. Dollar selling after the data was relatively muted, likely due to the impact that weather had on the report. EUR-USD rallied from session lows of 1.1215 to 1.1246 highs…. Read more »

XE Market Analysis: North America – Mar 08, 2019

The Dollar has traded flat-to-softer against the other main currencies as market participants anticipate the release of the February U.S. jobs report, which is being advertised as coming with downside risk this month (as a consequence of weather, scope for some unwind of robust December and January gains, high claims numbers, and weak producer sentiment)…. Read more »

XE Market Analysis: Europe – Mar 08, 2019

The Yen has outperformed amid a coursing risk-off theme, which has been exacerbated by a big miss in Chinese trade data. China’s exports plunged 20.7% y/y, well off the median forecast for a comparatively moderate drop of 4.8%. China’s SSE equity index closed with a loss of 4.4%, while the MSCI Asia-Pacific (ex-Japan) index has… Read more »

XE Market Analysis: Asia – Mar 07, 2019

The Dollar index soared to nearly three-month highs in N.Y. on Thursday, following a dovish ECB announcement and press conference, and sharply lowered EU growth forecasts. This saw EUR-USD fall to 21-month lows of 1.1206, down from opening levels over 1.1310. USD-JPY was again range-bound, despite the steep Wall Street sell-off seen in morning trade,… Read more »

XE Market Analysis: North America – Mar 07, 2019

The Dollar index largely traded sideways overnight, below Tuesday’s two-week high. Risk taking levels have headed lower. This backdrop hasn’t led to a strong safe-haven theme in the forex markets, though moderate Yen strength has been seen, pushing USD-JPY to a one-week low of 111.57. EUR-USD, meanwhile, has continued a narrow orbit of the 1.1300… Read more »

XE Market Analysis: Europe – Mar 07, 2019

The Dollar majors have held narrow ranges so far today amid a backdrop of deteriorating risk appetite in global markets. The S&P 500 closed on Wall Street yesterday with a 0.7% loss, and futures of the index are showing a further 0.3% decline in overnight trading. Chinese and Australian equity indexes have managed to retain… Read more »

XE Market Analysis: Asia – Mar 06, 2019

The Dollar was relatively steady in N.Y. trade on Wednesday, with the DXY posting an “inside day”. A wider trade deficit and lower Treasury yields weighed on the USD slightly in early trade, though EUR-USD bucked the trend, falling to session lows as talk of a sharp cut to the ECB’s economic forecasts at Thursday’s… Read more »

XE Market Analysis: North America – Mar 06, 2019

The Dollar has been trading steady-to-firm, consolidating in the case against the Euro off the two-week highs seen yesterday, while posting fresh highs against the Canadian buck and the Australian Dollar, the latter of which took a hammering following sub-forecast Australian GDP data. EUR-USD has been plying a narrow range around 1.1300, holding above the… Read more »

XE Market Analysis: Europe – Mar 06, 2019

The Dollar has continued to hold generally firm, posting gains versus a sharply weaker Australia Dollar, which was hit by a miss in Australian GDP data, and printing a new two-month high versus the Canadian Dollar while holding near highs seen against the Euro and Sterling, among other currencies, yesterday. Yesterday’s U.S. ISM services and… Read more »

XE Market Analysis: Asia – Mar 05, 2019

The DXY rallied to fresh two-week highs in N.Y. on Tuesday, topping at 97.01 following strong U.S. housing and services ISM data. The index had bottomed at 96.73 early in the session, and later pulled back under 96.90. USD-JPY printed fresh trend highs of 112.13, after bottoming at 111.79, though it gave up some gains… Read more »

XE Market Analysis: The Canadian Loonie Drops to a Six-Week Low Ahead of Bank of Canada Meeting

Dollar-yen remains in consolidation mode near an 11-week top, just below the 112 handle. Market participants wait for more concrete development over the US-China trade talks and NFP data for directional moves. The USD remains in a strong position despite calls from the President for a softer dollar.OVERVIEW The strong greenback is trading near a two-week… Read more »

XE Market Analysis: North America – Mar 05, 2019

The Dollar has remined generally underpinned, although holding within previous-day ranges against most currencies. EUR-USD settled above the two-week low the pair printed yesterday, at 1.1309. Yesterday’s soft construction spending data out of the U.S. and associated dip in Treasury yields took some of the wind out of the Dollar’s sails. Markets may also be… Read more »

XE Market Analysis: Europe – Mar 05, 2019

The Dollar majors have been trading mostly neutrally so far today, with the U.S. currency having lost demand following weak U.S. construction data yesterday and a dip in Treasury yields. The narrow trade-weighted USD index (DXY) has lodged in a consolidation below the two-week high seen yesterday at 96.81, while EUR-USD has concurrently settled above… Read more »

XE Market Analysis: Asia – Mar 04, 2019

The Dollar was mostly higher in N.Y. on Monday, though Wall Street was hammered lower following a weak construction spending print, though most likely the result of U.S. threats to jack up China tariffs if a trade agreement is not finalized. The lack of detail on an agreement has made markets nervous once again. Safe-haven… Read more »

XE Market Analysis: North America – Mar 04, 2019

The Dollar has remained generally buoyant while the Euro came under pressure as circulating analyst notes highlighted that the ECB is set to trim growth and inflation forecasts at its policy review this week. EUR-USD printed a one-week low at 1.1334, extending the retrenchment from last week’s one-month peak at 1.1419. EUR-JPY and most Euro… Read more »

XE Market Analysis: Europe – Mar 04, 2019

The Dollar majors have been plying narrow ranges in early-week trading so far. A continued risk-on them, fuelled by a WSJ report suggesting that the U.S. may lift most or all of its tariffs on Chinese imports, and that a summit between Trump and Xi later this month could by the stage where a final… Read more »

XE Market Analysis: Asia – Mar 01, 2019

The Dollar got beat up a little in early N.Y. trade on Friday, with sentiment dented by misses in the manufacturing ISM, and a softer than expected University of Michigan consumer sentiment outcome. Wall Street and yields moved higher, as hopes for progress on U.S.-China trade talks rose. The DXY bottomed at 96.13 before turning… Read more »

XE Market Analysis: The Pound Enters March Like a Loud Lion

OVERVIEW The US Dollar Index closed February strongly with robust GDP data The British pound remains buoyant, hoping the Parliament will agree on Plan B of the UK-EU exit deal. NYMEX WTI Crude is steady at $57.30 after appreciating by nearly 13% over February. Source: XE news feed XE Market Analysis: The Pound Enters… Read more »

XE Market Analysis: The Pound Enters March Like a Lion Which Fears No Brexit

OVERVIEW The US Dollar Index closed February strongly with robust GDP data The British pound remains fierce, hoping that Parliament will agree on Plan B of the UK-EU exit deal. NYMEX WTI Crude is steady at $57.30 after appreciating by nearly 13% over February. Source: XE news feed XE Market Analysis: The Pound Enters… Read more »

XE Market Analysis: North America – Mar 01, 2019

The Dollar posted fresh highs against the Euro and Yen, among other currencies, extending the gains sparked by yesterday’s above-forecast growth data out of the U.S., which has improved the yield advantage the U.S. currency has against many of the main currencies. EUR-USD posted a three-day low at 1.1353, before lifting to around 1.1370-75. Lower… Read more »

XE Market Analysis: Europe – Mar 01, 2019

The Dollar has held an upwardly mobile trajectory in the wake of yesterday’s above-forecast U.S. GDP data and associated lift in Treasury yields. EUR-USD re-tested yesterday’s post data low at 1.1361, while USD-JPY has rallied to a fresh 10-week high at 111.77. Yen crosses were generally firmer to, with the Japanese currency underperforming as it’s… Read more »

XE Market Analysis: Asia – Feb 28, 2019

The dollar rallied following the higher than expected Q4 GDP outcome, and the much better than expected Chicago PMI print. The DXY rallied to 96.28 highs from opening levels near 95.85. EUR-USD fell to 1.1360 from highs near 1.1420, while USD-JPY posted two-month highs of 111.43, up from around 110.75. USD-CAD bounced initially to 1.3207… Read more »

XE Market Analysis: Sterling Pulls Back from Recent Highs

OVERVIEW Sterling pulled back from recent highs as investors banked profits. Uncertainty still remains and will continue until it is clear how the UK will leave the EU, and on what terms. The focus is now on the next vote in parliament on any Plan B agreement terms which will take place on 12 March… Read more »

XE Market Analysis: North America – Feb 28, 2019

The Dollar has traded mostly weaker, showing losses of 0.4% against the Euro, 0.8% to the Swiss Franc, which has been the day’s outperformer, and a 0.2% advance on the Yen. The U.S. currency fared better against Sterling, which corrected some of its recent strong gains against most currencies, and the Dollar bloc currencies, which… Read more »

XE Market Analysis: Europe – Feb 28, 2019

Both the Yen and Swiss Franc have firmed up into the London interbank session, with both registering as the strongest currencies on the day so far with respective gains of 0.2% and 0.4% against the Dollar. This saw USD-JPY print a low at 110.69, while USD-CHF hit a four-week low at 0.9970, reportedly triggering sell… Read more »

XE Market Analysis: Asia – Feb 27, 2019

The Dollar ticked higher in N.Y. on Wednesday, taking the DXY from trend lows of 95.88 seen into the open, later peaking at 96.19. It appeared some USD buying stepped in on a lack of encouraging U.S.-China trade news, resulting an uptick in safe-haven flows, along with firmer Treasury yields. Incoming U.S. data was mixed,… Read more »

XE Market Analysis: Sterling Continues to Surge Higher

OVERVIEW Sterling hits a 5-month high against the US dollar in early trading The US Dollar weaker after the Fed chairman’s dovish testimony is set to continue today Sterling hits 1.1700 against the euro as PM May urges parliamentarians to vote for her Brexit deal on 12 March Source: XE news feed XE Market… Read more »

XE Market Analysis: North America – Feb 27, 2019

The Dollar has extended the weakening streak put in place by Fed chair Powell’s “no rush to make a judgement” testimony yesterday. EUR-USD jumped back above 1.1400, testing yesterday’s three-week high at 1.1402. The U.S. currency posted concurrent losses against the Pound, Yen, Canadian Dollar and most other currencies. The February Eurozone ESI economic confidence… Read more »

XE Market Analysis: Europe – Feb 27, 2019

The Dollar has steadied after posting three-week lows in the wake of Fed chair Powell’s Senate testimony, which affirmed dovish-leaning on-hold policy guidance. The narrow trade-weighed USD index printed a post-Powell low at 95.95, the first time below 96.0 since February 5, before setting around 96.10-15; levels which are still about 1.3% below the mid-February… Read more »

XE Market Analysis: Asia – Feb 26, 2019

The Dollar eased in N.Y. on Tuesday, taking the DXY to 95.97 lows, from highs of 96.46. Mixed U.S. data had an impact on the Greenback, with weak housing starts weighing on the USD, and stronger consumer confidence supporting. Fed chair Powell revealed no surprises in his congressional testimony, making it clear the Fed was… Read more »

XE Market Analysis: North America – Feb 26, 2019

The Dollar has traded mixed so far today, gaining versus underperforming Dollar bloc currencies while losing ground to the Yen and, more especially, the Pound. Cable punched above 1.3200 for the first time since late January, while EUR-GBP dove to one-month low terrain with the UK prime minister reportedly shifting position to provide a route… Read more »

XE Market Analysis: Europe – Feb 26, 2019

The Pound has rallied on UK PM May’s reported pivot on Brexit amid reports that she will offer a route to delay the Brexit process beyond March 29. The BBC reports that about a dozen ministers have threatened to resign unless this happens. Sterling, which has been trading at a significant discount since the vote… Read more »

XE Market Analysis: Asia – Feb 25, 2019

The Dollar index advanced in early N.Y. trade on Monday, though gave back the bulk of its gains after the London close. Wall Street was higher following Trump’s delaying imposition of higher tariffs on Chinese goods, which ultimately saw USD safe-haven buying dry up. EUR-USD bottomed at 1.1337 before heading over 1.1360, while USD-JPY printed… Read more »

XE Market Analysis: North America – Feb 25, 2019

The Dollar traded mostly softer, appearing lose some of its safe haven premium amid a risk-on backstop in global markets. China proxy currencies outperformed, concomitantly with China’s SEE staging of a 5.6% rally, which spearheaded a broader risk-on play in markets after President Trump said the U.S. would delay an increase in tariffs on $200… Read more »

XE Market Analysis: Europe – Feb 25, 2019

The China-proxy Australian and New Zealand currencies rallied as China’s SSE index surged over 5%, spear-heading a broader risk-on play in markets after President Trump said the U.S. would delay an increase in tariffs on $200 bln of Chinese imports beyond the March-1 deadline, citing “productive” trade talks. Both antipodean currencies posted gains of nearly… Read more »

XE Market Analysis: Asia – Feb 22, 2019

The Dollar headed lower on Friday in N.Y., driven largely by hopes for progress on U.S. trade talks. Trump said the deal with China is more likely happening that not happening, according to headlines on Bloomberg. The president said he could extend the trade truce a month or so with progress. China’s top trade negotiator… Read more »

XE Market Analysis: North America – Feb 22, 2019

The Dollar has been trading mixed so far today in a forex market lacking a clear directional theme. EUR-USD been making time in the mid 1.1300s, holding within yesterday’s 1.1320-1.1366 range. The February German Ifo survey came in below forecasts, at 98.5 in the headline reading, down from 99.1 and the lowest since 2014, with… Read more »

XE Market Analysis: Europe – Feb 22, 2019

The Dollar majors have been holding steady so far today. EUR-USD has been making time in the mid 1.1300s, holding within yesterday’s 1.1320-1.1366 range. USD-JPY has continued to ply a narrow range in the upper 110.0s, holding below the one-week high seen earlier in the week at 110.94. President Trump said he would be meeting… Read more »

XE Market Analysis: Asia – Feb 21, 2019

The DXY bottomed early in the session following softer U.S. data, though then recovered through the morning session. The index based at 96.36, later topping at 96.66. Treasury yields rose on reports the U.S. and China are closer to a trade deal, which helped support the Dollar. EUR-USD fell to 1.1323 lows from near 1.1365,… Read more »

XE Market Analysis: Currency Market Steady Following FOMC Minutes and now Waits for Sino-US Trade Deal Announcement

OVERVIEW The US dollar remains in consolidation mode against the major currencies The Australian dollar is experiencing volatile session, plunging nearly 1.1% against its US counterpart NYMEX WTI Crude consolidates around $57.00 a barrel, appreciating 25% so far this year. Source: XE news feed XE Market Analysis: Currency Market Steady Following FOMC Minutes and… Read more »

XE Market Analysis: North America – Feb 21, 2019

The Dollar lifted on ascending hopes for a U.S.-China trade deal during the Asia session before coming off the boil during the London AM session. Sources cited by Reuters said Washington and Beijing have started to outline commitments in principle in what is described as the most significant progress yet. EUR-USD saw some chop but… Read more »

XE Market Analysis: Europe – Feb 21, 2019

The Australian Dollar dove sharply, dropping over 1% in making a six-day low at 0.7086. The pair has reversed abruptly after rallying in the wake of a much stronger than anticipated jobs report out of Australia, hit but news that China was banning Australian coal imports out of the port of Dalian and imposing a… Read more »

XE Market Analysis: Asia – Feb 20, 2019

The dollar ticked higher after the release of the FOMC minutes, EUR-USD faded under 1.1340 from 1.1370, while USD-JPY rallied over 110.80 from near 110.65. The minutes revealed few surprises, and the FX reaction appeared to be a bit of “buy the news” for the Dollar. The Greenback had been under pressure through the morning… Read more »

XE Market Analysis: Sterling Holds Steady on Positive Labour Market Data

OVERVIEW GBP is climbing towards $1.30 today after UK labour market data showed earnings growth numbers which are the strongest they’ve been since 2008.  Big week for central bank announcements this week with Fed minutes out tomorrow, Bank of Canada Governor Stephen Poloz to give a speech Thursday, RBA Governor Philip Lowe speaks in Australian… Read more »

XE Market Analysis: North America – Feb 19, 2019

The dollar majors have continued to trade relatively steadily. USD-JPY edged out a high at 110.81, which is the loftiest level seen since Friday, while EUR-USD has been narrowly orbiting 1.1300, consolidating after rebounding from Friday’s three-month at 1.1234. The euro has turned lower in the latest phase, which follows a batch of dovish-leaving ECB… Read more »

XE Market Analysis: Europe – Feb 19, 2019

USD-JPY edged out a fresh high, at 110.71, which is the loftiest level seen since Friday, in what has been directionally-limited trading in forex and global equity markets so far today. The MSCI Asia-Pacific (ex-Japan) stock index is fractionally lower, although near the four-month highs seen last Wednesday. Market participants are waiting for clarity on… Read more »

XE Market Analysis: Asia – Feb 15, 2019

The Dollar index pulled back from near one-month highs in N.Y. on Friday, dipping just under 97.00, after peaking at 97.37 early in the session. Pre-weekend profit taking was a driver, coming as the U.S. and China extended trade talks through next week in Washington. The news reversed some of the Greenback’s safe-haven flows seen… Read more »

XE Market Analysis: North America – Feb 15, 2019

The Dollar majors have been trading without clear direction. Yen firmness was a theme during the Tokyo session, before the currency ebbed back as risk appetite in stock markets improved. USD-JPY printed a four-day low at 110.25 before recouping to the 110.50 area. EUR-USD, meanwhile, plied a narrow range in the upper 1.1200s, holding comfortably… Read more »

XE Market Analysis: Europe – Feb 15, 2019

The Dollar has traded mixed, while a side theme of net Yen outperformance has been seen. EUR-USD has been plying a narrow range in the upper 1.1200s. The Pound steadied after tumbling late yesterday after UK Prime Minister was humiliated again, losing a symbolic, but not legally binding, Brexit vote in parliament. USD-JPY posted a… Read more »

XE Market Analysis: Asia – Feb 14, 2019

The dollar sold off sharply following the worst U.S. retail sales report since 2009. PPI data was mixed, while jobless claims were higher than expected. This resulted in equity futures and Treasury yields move sharply lower. Later, reports that the U.S. and China remain far apart on trade, saw safe-haven flows pick the Greenback up… Read more »

XE Market Analysis: No Love for Retail or Stock Markets in Today's Trading

OVERVIEW British PM Theresa May goes back to try and build support for Brexit deal Brexit Secretary Stephen Barclay taking heat for refusing to rule out a no-deal Brexit USD drops as stock markets and retail numbers disappoint HIGHLIGHT Source: XE news feed XE Market Analysis: No Love for Retail or Stock Markets in… Read more »

XE Market Analysis: North America – Feb 14, 2019

The Dollar posted a fresh highs against the Euro, Yen and Pound, among other currencies, but lost ground to the Australian and New Zealand Dollars, which were buoyed up by much less worse than feared trade data out of China and ongoing hopes for a compromise on the U.S.-China trade talk front. EUR-USD settled back… Read more »

XE Market Analysis: Europe – Feb 14, 2019

The Yen has continued to soften, while the Australian and New Zealand Dollars have continued to outperform. USD-JPY rose for a fourth consecutive day, this time printing a fresh seven-week high at 111.13. AUD-JPY, which is seen as both a proxy for China risks and a general forex market barometer of global investor risk appetite,… Read more »

XE Market Analysis: Asia – Feb 13, 2019

The Dollar rallied in N.Y. on Wednesday, getting an early boost from a tame CPI outcome, though stronger average hourly earnings. Stocks and yields firmed up, as hope that Trump will sign the agreed to spending bill by the Friday deadline percolated higher. EUR-USD printed 1.1273 lows, down from near 1.1345. USD-JPY popped over 110.90… Read more »

XE Market Analysis: North America – Feb 13, 2019

The Dollar firmed up some in during the late European AM, recouping after correcting an overall bullish trend over the last day. EUR-USD pushed toward 1.1300, down from yesterday’s 1.1341 high, which was the rebound-high seen yesterday after the pair had printed a three-month low at 1.1257. Cable ebbed a back under 1.2900. USD-JPY continued… Read more »

XE Market Analysis: Europe – Feb 13, 2019

A risk-on theme continued to course through forex markets, which has propelled AUD-JPY, a cross with a relatively high beta characteristic, up by over 0.6% in making an eight-day high at 78.94. USD-JPY, meanwhile, rose for a third consecutive session, this time printing a new seven-week high at 110.70. EUR-JPY and other Yen crosses have… Read more »

XE Market Analysis: Asia – Feb 12, 2019

The Dollar lost ground in N.Y. on Tuesday, taking the DXY from trend highs of 97.20 to a low of 96.65. Hopes for progress on U.S.-China trade talks, along with an agreement to keep the U.S. government funded beyond Friday, reversed some of the Dollar safe-haven buying seen for the past week. EUR-USD rallied from… Read more »

XE Market Analysis: North America – Feb 12, 2019

The Dollar posted fresh highs, while the Yen underperformed against a backstop of rallying global stock markets. EUR-USD printed a three-month low at 1.1257 before rebounding smartly back to the 1.1280 area amid a spike in EUR-CHF and broader underperformance in the Swiss franc amid suggestions of SNB intervention. Some market narratives have been highlighting… Read more »

XE Market Analysis: Europe – Feb 12, 2019

The main theme has been Yen underperformance, which has been concomitant with a cautious-but-distinct risk-on sentiment in global markets. USD-JPY rose to a near seven-week high of 110.65. EUR-JPY has also gained, while AUD-JPY has outperformed with a rise of 0.5% in making a six-day high at 78.35. The Dollar has entered a consolidation after… Read more »

XE Market Analysis: Asia – Feb 11, 2019

The Dollar index rallied to 2019 highs in N.Y. on Monday, topping at 97.11, and up from 96.69 into the open. The Greenback continues to benefit from safe-haven flows in light of trade uncertainty and slowing growth in Europe and China. EUR-USD fell to 1.1268 from near 1.1320. USD-JPY perked up, topping at 110.47. USD-CAD… Read more »

XE Market Analysis: North America – Feb 11, 2019

The Dollar has outperformed in early-week trading, while the Yen underperformed amid a backdrop of firmer global stock markets. The narrow trade-weighted USD index posted a six-week high at 96.87, EUR-USD, down for a sixth consecutive day, printed an 18-day low at 1.1297. The pair would only need to trade below 1.1289 to be in… Read more »

XE Market Analysis: Europe – Feb 11, 2019

The USD index carved out a new six-week high, at 96.502, during the opening phase of trading in Asia-Pacific before quickly settling to a narrow-ranged consolidation. EUR-USD concurrently saw a 17-day low at 1.1315. Most market commentaries ascribed the Dollar’s gains as either being safe-haven related, or a winner of a least-ugly contest, with global… Read more »

XE Market Analysis: Asia – Feb 08, 2019

The Dollar faded into the N.Y. open on Friday in N.Y., though found a footing, rallying modestly into the London close. There was no data to drive the market, though trade concerns weighed on Wall Street and Treasury yields again. The DXY topped at 96.64 from 96.45 lows. EUR-USD opened at 1.1352, later making its… Read more »

XE Market Analysis: Canadian Dollar Surges Ahead on Strong Employment Report

OVERVIEW The US dollar moves higher for the seven-session in a row, with the DXY index near January high.  British Pound closing the week, 1% down against the greenback amidst growing Brexit uncertainty. NYMEX WTI Crude takes a breather, after falling nearly 2.5% yesterday. HIGHLIGHT Source: XE news feed XE Market Analysis: Canadian Dollar… Read more »

XE Market Analysis: North America – Feb 08, 2019

Forex markets have been lacking directional ambition. EUR-USD managed to briefly break lower, leaving a two-week low at 1.1322, before settling back to near net unchanged levels in the mid 1.1300s. USD-JPY remained in the mid-to-upper 109.00s, and Cable became entrenched in a narrow range in the mid 1.2900s, consolidating after the pound yesterday surged… Read more »

XE Market Analysis: Europe – Feb 08, 2019

The Dollar majors have mostly held narrow ranges amid a backdrop of coursing in global markets. One exception has been AUD-USD, which dove to a five-week low at 0.7060 after the RBA shaved growth forecasts in its quarterly Statement on Monetary Policy. This follows yesterday’s trimming of GDP forecasts by both the European Commission and… Read more »

XE Market Analysis: Asia – Feb 07, 2019

The Dollar lost ground in N.Y. on Thursday, taking the DXY from two-week highs of 96.67, to lows of 96.39 into the London close. Lowered growth expectations in Europe and the U.K. lifted the Greenback into the open, though sagging yields and equities on the back of trade concerns later weighed. NEC director Kudlow said… Read more »

XE Market Analysis: North America – Feb 07, 2019

The Dollar has remained on a firm footing while Euro underperformance has been a side theme so far today. EUR-USD has printed fresh a 13-day low, at 1.1331, putting the pair in the lower reaches of the broadly sideways range that’s been unfolding for some three months now. EUR-JPY also fell to one-week lows, and… Read more »

XE Market Analysis: Europe – Feb 07, 2019

The USD index printed a fresh two-week peak at 96.24, making this the first consecutive day a new high has been made. EUR-USD has concurrently posted a 13-day low, at 1.1355, putting the pair in the lower reaches of the broadly sideways range that’s been unfolding for some three months now. Cable has edge out… Read more »

XE Market Analysis: Asia – Feb 06, 2019

The Dollar advanced again in N.Y. on Wednesday, taking the DXY to near two-week highs of 96.40. The index has printed four consecutive higher daily highs. On the data front, the narrowed U.S. trade deficit supported the Greenback. EUR-USD fell to 1.1362 lows, after opening at 1.1398 highs, while USD-JPY touched 110.00 highs late in… Read more »

XE Market Analysis: North America – Feb 06, 2019

The narrow trade-weighted USD index posted a fresh 12-day high at 95.99, and EUR-USD concurrently printed a new 12-day low, at 1.1380. The Dollar also saw highs versus a number of other currencies, although lost some ground today to the Yen, which has outperformed. USD-CAD rose for a second day, seeing a five-session high at… Read more »

XE Market Analysis: Europe – Feb 06, 2019

The Dollar has continued to trade mostly firmer, although has lost ground today to the Yen, which has outperformed. President Trump’s State of the Union, replete as it was with self-backslapping, left markets somewhat cold, with what hopes there were for something specific on progress being made in the trade talks with China having been… Read more »

XE Market Analysis: Asia – Feb 05, 2019

The Dollar firmed in N.Y. on Tuesday, taking the DXY to eight-session highs of 96.11, up from 95.89 lows at the open. The only data was a softer than expected services ISM, though it had little impact on the Greenback. Wall Street rose, while yields edged lower. EUR-USD ranged between 1.1435 and 1.1401, as USD-JPY… Read more »

XE Market Analysis: North America – Feb 05, 2019

The Dollar has remained buoyant, printing fresh highs against some currencies, still benefitting from the strong U.S. January jobs report and other perky releases. EUR-USD carved out a six-day low at 1.1411, and Cable printed a 13-day low at 1.3002, aided lower by a spell of Sterling selling following a miss in the UK’s January… Read more »

XE Market Analysis: Europe – Feb 05, 2019

The Australian Dollar rallied after the RBA refrained from aping the Fed’s dovish turn following its policy meeting today, where it left the cash rate at the record low 1.50%, as widely anticipated. Elsewhere, the Dollar held mostly firm, edging out a 13-day high versus the Pound and eking out a one-week high versus the… Read more »

XE Market Analysis: Asia – Feb 04, 2019

The Dollar moved higher in N.Y. trade on Monday, supported by last week’s strong jobs and manufacturing reports. Treasury yields aided as well, as they remained elevated through the session. EUR-USD slipped to 1.1424 from 1.1455 highs, while USD-JPY topped at 110.17, before heading back under 109.90. USD-CAD was supported by softer oil price, while… Read more »

XE Market Analysis: Sterling Clings to Gains as EU Digs in Heels on Brexit Deal

OVERVIEW US Dollar still riding the non-farm job gains report wave from Friday Pound holds firm on a potential customs solution for no-deal Brexit The euro is weaker on Eurozone growth concerns HIGHLIGHT The US dollar has attracted good flows at the start of the week from yield-seekers as the concerns over the US stability… Read more »

XE Market Analysis: North America – Feb 04, 2019

The Dollar has traded moderately firmer, surpassing the highs seen on Friday against the Yen and Australian Dollar, among other currencies, though remaining below the highs seen on Friday against the Euro and Sterling, among others. Friday’s slew of firmer data out of the U.S. has continued to underpin the greenback, offsetting the Fed’s hawkish-to-neutral… Read more »

XE Market Analysis: Europe – Feb 04, 2019

Moderate Yen underperformance has remained a theme in markets so far today, as it had been on Friday. This floated USD-JPY to a 10-day high at 109.82, while EUR-JPY and AUD-JPY have traded near five- and seven-week highs, respectively. The Japanese currency has been underperforming relative to the other main currencies in the wake of… Read more »

XE Market Analysis: Asia – Feb 01, 2019

The Dollar rallied on the back of better than expected jobs, ISM, amd U. Michigan sentiment in N.Y. on Friday. The DXY bounced to 95.63 from lows of 95.40. Wall Street was mixed after a week of solid gains, while Treasury yields edged up on the data as well. EUR-USD ranged between 1.1458 and 1.1488,… Read more »

XE Market Analysis: The Greenback Starts February on a Negative Tone

OVERVIEW The US Dollar Index reversed yesterday’s gains with a mixed jobs report. British Pound comes under selling pressure over poor manufacturing PMI NYMEX WTI Crude goes higher, trading near 9-week high, $54.30 a barrel Source: XE news feed XE Market Analysis: The Greenback Starts February on a Negative Tone

XE Market Analysis: North America – Feb 01, 2019

The Dollar has traded mixed into the release of the January U.S. jobs report, losing modest ground to the Euro while holding near net unchanged against the Yen and gaining on the Pound, which took a hit on weak UK data, and the Australian and Canadian Dollars. Risk appetite has been cautious, with most stock… Read more »

XE Market Analysis: Europe – Feb 01, 2019

The Dollar has found its feet, holding steady-to-firmer against the other main currencies so far today after dropping sharply during the prior 24 hours in the wake of the Fed’s dovish turn. EUR-USD has lodged in the low-to-mid 1.1400s, below its post-Fed high at 1.1514, while USD-JPY has parked in the upper 109.0s, comfortably above… Read more »