Category: Financial Markets

Financial markets news from external sources.

XE Market Analysis: Asia – Jul 13, 2018

The dollar index lost ground in N.Y. trade on Friday, though had come from two-plus week highs of 95.24, on its way to 94.78 lows. Incoming data was mixed, with import prices lower, export prices highs, and a slip in the Michigan consumer sentiment index. EUR-USD opened near 1.1625, and later topped at 1.1676. USD-JPY… Read more »

XE Market Analysis: Dollar Wears with Crown as Trump Rubs Brexit Salt

OVERVIEW Mighty US Dollar at a 2-week high against majors. Kiwi squeezed to a 2-year low after investors dump commodity currencies. WTI oils steady after falling nearly 6% over the past 2 days. HIGHLIGHT Source: XE news feed XE Market Analysis: Dollar Wears with Crown as Trump Rubs Brexit Salt

XE Market Analysis: North America – Jul 13, 2018

The dollar and yen traded generally firmer against most other currencies, with the U.S. currency in turn outperforming its Japanese counterpart. In the mix was an underperformance by sterling, which has been affected by a swirling Brexit storm. EUR-USD posted an 11-day low at 1.1612, extending what is a now run of five consecutive down… Read more »

XE Market Analysis: Europe – Jul 13, 2018

USD-JPY rallied to a fresh six-month high, of 112.77, as most global stock markets continued to rally, buoyed by a strong global economy and expectations for a solid Q2 corporate earnings reporting season. Chinese markets have still underperformed, however, along with the Australian share market, on concerns about worsening Sino-U.S. trade relations. The weakness in… Read more »

XE Market Analysis: Asia – Jul 12, 2018

FX trade was relatively quiet in N.Y. on Thursday, leaving the DXY little changed. Slightly cooler than forecast U.S. CPI dented the greenback a bit early on, though the unit steadied inside narrow ranges after that. EUR-USD remained inside of a 1.1696 to 1.1654 band, while USD-JPY was stuck between 112.37 and 112.58. USD-CAD was… Read more »

XE Market Analysis: Oil Recovers as the Stock Market Rises

OVERVIEW Stock markets are higher overnight on better earnings data. Oil recovers after a brief dip below $70. Trump’s tour of Europe yet to provide any fireworks for markets. HIGHLIGHT See featured currency of the day! US DOLLAR USD printed at 6-month highs against JPY, buoyed by elevated inflation data. Markets seem to have shrugged… Read more »

XE Market Analysis: North America – Jul 12, 2018

Yen weakness has been the dominant theme today amid a rebound in global asset markets after the steep losses of yesterday. USD-JPY rallied to six-month highs above 112.50 after breaking above the May high at 111.39. EUR-JPY lifted into two-month-plus high terrain, and AUD-JPY reversed the outsized losses the cross had seen yesterday (following Trump’s… Read more »

XE Market Analysis: Europe – Jul 12, 2018

The yen has weakened amid a risk appetite revival in global asset markets amid a de-escalation in trade tensions, with both Washington and Beijing signalling a willingness to re-start bilateral negotiations. USD-JPY rallied to a six-month high of 112.38 after breaking above the May high at 111.39. EUR-JPY lifted into three-week high terrain, and AUD-JPY… Read more »

XE Market Analysis: Asia – Jul 11, 2018

The dollar index printed seven-session highs of 94.71, crossing above the 20-day moving average (94.65) in the process. EUR-USD topped at 1.1758 before sliding to 1.1668 lows. USD-JPY rallied to a six-month high of 112.05 from early lows of 110.97, in a technical move. USD-CAD slid to 1.3068 lows after the BoC hiked rates, though… Read more »

XE Market Analysis: Global Trade Concerns Shake Currency Markets

OVERVIEW The Euro is stronger as reports suggest ECB is looking at a rate hike. Bank of Canada raises interest rates as expected. Global trade concerns fuel risk aversion across currency markets. HIGHLIGHT Source: XE news feed XE Market Analysis: Global Trade Concerns Shake Currency Markets

XE Market Analysis: North America – Jul 11, 2018

Higher beta currencies, including the Australian dollar and most emerging world currencies, have come under pressure as stock markets take a fresh tumble, led by Chinese bourses, after the latest ratchet higher in trade tensions between the U.S. and China.The Australian dollar racked up a 0.8% loss to the U.S. dollar and a 0.7% decline… Read more »

XE Market Analysis: Europe – Jul 11, 2018

The dollar majors have traded in narrow ranges so far today amid a tone of heightened caution as stock markets take a fresh tumble, led by Chinese bourses, due to another ratchet in trade warning tensions between the U.S. and China. U.S. index futures have also seen heft declines. USD-JPY has settled lower, near the… Read more »

XE Market Analysis: Chequered GBP a Top G-10 Performer

OVERVIEW The Greenback comeback is stronger as trade tensions ease. JPY near a 7-week low on monetary policy divergence. WTI pushing towards the $75.00 a barrel, up 70 cents. HIGHLIGHT The Indian Rupee remains under pressure as the Greenback rebounds on waning trade war worries. Sustained capital outflows and higher crude oil prices continue to… Read more »

XE Market Analysis: North America – Jul 10, 2018

The dollar has firmed up while the yen has underperformed. The solid U.S. jobs report last Friday and expectations for a strong corporate earnings season have been buoying equities, although Chinese share markets have continued to underperform, and there is a palpable underlying sense that the U.S.-led trade way with major economies is curtailing bullish… Read more »

XE Market Analysis: Europe – Jul 10, 2018

The dollar has firmed up while the yen has underperformed ahead of the London interbank open. The solid U.S. jobs report last Friday and expectations for a strong corporate earnings season have been buoying equities, although Chinese share markets have continued to underperform and there is a palpable underlying sense that the U.S.-led trade way… Read more »

XE Market Analysis: Asia – Jul 09, 2018

The dollar index recovered from 93.71 opening lows in N.Y. on Monday, later topping at 94.15 highs. A risk-on backdrop was supportive, resulting in sharp Wall Street gains, and firmer Treasury yields. EUR-USD backed away from three-week highs of 1.1790, falling back to 1.1741 lows. USD-JPY peaked at 110.85 from lows of 110.40 at the… Read more »

XE Market Analysis: Sterling Slumps as Davis and Johnson Resign

OVERVIEW The Pound has slumped today on Brexit resignations. The Dollar steadies on risk trade. The Loonie is strong as markets expect an interest rate hike this week. HIGHLIGHT The Pound had started the day unfazed by the resignation of Brexit Minister David Davis, however this afternoon the resignation by Boris Johnson hit the Pound… Read more »

XE Market Analysis: North America – Jul 09, 2018

The dollar traded softer against most currencies as markets continued to digest Friday’s U.S. jobs report, the robustness of which lifted global equity markets (taking investors attention off trade protectionism concerns for now) while keeping the Fed tightening expectations at bay (due to the benign wage growth component). The dollar lost ground to most emerging… Read more »

XE Market Analysis: Europe – Jul 09, 2018

The dollar has traded softer following the solid U.S. jobs report on Friday, which served to at once lift global equity markets, taking investors attention off trade protectionism concerns for now, and to keep Fed tightening expectations at bay (due to the benign wage growth component). The dollar has given back ground to most emerging… Read more »

XE Market Analysis: Asia – Jul 06, 2018

The dollar slipped after the mix of data, where NFP were higher than forecast, and the the trade deficit narrowed slightly more than expected. Average hourly earnings were softer than anticipated however. EUR-USD rallied to three-week highs of 1.1766, up from 1.1715 as USD-JPY fell to 110.38 from over 110.65.[EUR, USD] Source: XE news… Read more »

XE Market Analysis: North America – Jul 06, 2018

The euro and Australian dollars remain buoyant, the former aided by a continued run of good data out of the Eurozone, while the dollar, along with the yen, traded steady-to-softer. EUR-USD printed a three-week high of 1.1727. A solid 2.6% m/m gain in German industrial production in April data gave a lift to the common… Read more »

XE Market Analysis: Europe – Jul 06, 2018

The yen has weakened amid a backdrop rallying stock markets. USD-JPY lifted to a to a three-day high of 110.78, while EUR-JPY rallied to three-week highs and AUD-JPY, which has been the biggest percentage gainer so far today, has ascended to three-day highs. The U.S. Source: XE news feed XE Market Analysis: Europe –… Read more »

XE Market Analysis: US Dollar Falls Against the Euro

OVERVIEW US Dollar falls to a 3-week low after jobs data was released. Sterling rises to 7-day high but short-lived ahead of May’s crunch cabinet meeting. Euro gains on strong German data. HIGHLIGHT The US Dollar fell against the Euro to a 3-week low. The focus is on July 6th deadline for threatened US tariffs… Read more »

XE Market Analysis: Asia – Jul 05, 2018

The dollar index finished the N.Y. session near unchanged in N.Y. on Thursday, though the greenback mostly faded lower through the morning. The softer ADP jobs report was later offset by a stronger services ISM outcome. EUR-USD topped at 1.1720, after opening near 1.1700. USD-JPY found support over 110.50 on stronger equity markets, while USD-CAD… Read more »

XE Market Analysis: North America – Jul 05, 2018

The dollar has traded mixed, while the euro has outperformed. EUR-USD posted a seven-session high of 1.1720 before correcting to levels around 1.1680, levels that still leave the pair up by 0.2% on the day, and by 1% over the last week. Other euro crosses have also been buoyant, particularly EUR-JPY which was showing a… Read more »

XE Market Analysis: Europe – Jul 05, 2018

The euro is opening Europe firmly, with EUR-USD testing the week’s highs at 1.1690-91, EUR-JPY posting two-day highs above 129.35 and EUR-CHF ascending into three-week high territory. The dollar, outside the case against the euro, has been trading neutrally, including against most emerging world currencies. The PBoC continued to rein in the yuan, with the… Read more »

XE Market Analysis: Independence Day Keeps the Market on Hold

OVERVIEW Markets have retreated into tight ranges for the US holiday. Divergence in UK/EU PMI data propels GBP/EUR higher. Stocks head lower back to the bottom end of recent range. HIGHLIGHT CNY rose sharply this morning after the Chinese central bank offered reassurance that it would intervene in markets to maintain stability amid escalating trade… Read more »

XE Market Analysis: North America – Jul 04, 2018

The dollar has traded mixed, gaining against an underperforming euro while losing some ground to the pound and holding near net unchanged versus the yen. Emerging market currencies came off the boil after earlier trading firmer after the yuan steadied, with the support of Beijing according to widespread reports, after declining notably last week and… Read more »

XE Market Analysis: Europe – Jul 04, 2018

The dollar traded softer, led be declines against the yen, Australian dollar and most emerging world economies, which seemed to benefit from China’s steadying of the yuan today. USD-JPY opened in Asia at about 110.58-60, then dipped to a four-session low of 110.27 before setting around 110.40. Stock markets in Asia mostly declined, which follows… Read more »

XE Market Analysis: Asia – Jul 03, 2018

FX trade was quiet in N.Y. on Tuesday, with many participants heading to the exits early ahead of Wednesday’s Independence Day holiday. Major dollar pairings were range-bound through the session. The DXY managed tiny gains, ending up near 94.65. EUR-USD was stuck on either side of 1.1666, while USD-JPY faded to 110.51. USD-CAD move off… Read more »

XE Market Analysis: North America – Jul 03, 2018

The dollar arrived at the early European PM session at near net unchanged levels against the euro and yen, while the dollar bloc currencies and sterling outperformed, the former group amid a lift in global stock markets and the latter after a forecast-beating construction PMI release out of the UK. EUR-USD settled in the mid… Read more »

XE Market Analysis: Europe – Jul 03, 2018

The dollar majors have remained in narrow ranges, overall, though there still has been some movement of note. USD-JPY posted a fresh six-week high of 111.13 before settling lower. Other yen crosses also saw a similar price action with the backdrop of steadying global stock markets seeing the yen come under some pressure. China’s PBoC… Read more »

XE Market Analysis: Asia – Jul 02, 2018

The DXY reclaimed the 95 handle, coming from early lows of 94.83. Trade was quiet overall, though with trade talk heating up, the greenback appeared to have been supported by the thinking that the U.S. economy would fare much better than other countries amid a trade war. EUR-USD bottomed at 1.1593 before steadying near 1.1610,… Read more »

XE Market Analysis: Europe – Jul 02, 2018

The dollar traded broadly firmer, gaining versus euro, dollar bloc units and making advances against most emerging world currencies. USD-JPY posted a six-week high of 111.06 in Tokyo before turning lower. Yen crosses saw a similar price action, with the Japanese currency finding demand at lows as Chinese and other stock markets faltered in Asia,… Read more »

XE Market Analysis: Asia – Jun 29, 2018

The DXY was fairly steady through the morning session, though lost some ground in afternoon trade. The dollar index dropped to 94.55 lows from a high of 94.90. Incoming U.S. data was mixed, though had little impact on market overall. Month and quarter end activity was the main driver in the FX market on Friday…. Read more »

XE Market Analysis: US Dollar Poised to Cross the Q2 as the Winner

OVERVIEW The Greenback is on track to finish strongly against the G-10 currencies. Indian Rupee is at lifetime lows despite RBI’s intervention. CNY slides further for the 11th day in a row. WTI ending the week strongly, up 42 cents to $73.87 a barrel. HIGHLIGHT Source: XE news feed XE Market Analysis: US Dollar… Read more »

XE Market Analysis: North America – Jun 29, 2018

EUR-USD rallied over a big figure in making a two-day high at 1.1666. The pair yesterday posted an eight-day low at 1.1727. Most euro crosses also gained. News that EU members have thrashed out deal on immigration (to shore up external borders and create screening centres for migrants) has reduced the discount built into the… Read more »

XE Market Analysis: Europe – Jun 29, 2018

Both the dollar and yen have weakened against most of the other main currencies, with the yen underperforming, while the euro outperformed on meeting some strong demand on news that EU members had thrashed out deal on immigration. The deal aims to shore up external borders and create screening centres for migrants, which is seen… Read more »

XE Market Analysis: Asia – Jun 28, 2018

The dollar edged a bit lower early in the session following a downwardly revised Q1 U.S. GDP outcome, and slightly higher jobless claims. The DXY bottomed at 95.11 before bouncing to 95.36 highs. The greenback again faded, though recovered into the close. EUR-USD chopped around between 1.1601 and 1.1553, while USD-JPY posted one-week highs of… Read more »

XE Market Analysis: The Pound Holds Off on 8-Month Lows Against the US Dollar

OVERVIEW The Pound is off 8-month lows amid interest rate expectations and comments from BoE’s Haldane. US Dollar gives up earlier gains. The Loonie strong amid increased expectations of a rate hike in July. HIGHLIGHT The Pound holds it’s own having tested 8-month lows against the US Dollar and 2-month low against the Euro. The… Read more »

XE Market Analysis: North America – Jun 28, 2018

The dollar has traded mixed so far today, ebbing back against the euro after printing a five-session high, holding near net unchanged versus the yen, while gaining on the NZ dollar and the pound. EUR-USD lifted out of lows, earlier printing a new five-session nadir at 1.1527 before recouping above 1.1560. The pair remains in… Read more »

XE Market Analysis: Europe – Jun 28, 2018

The NZ dollar printed a two-week low at 0.6768 following dovish-tilting guidance from the RBNZ, which said that the outlook has been tempered slightly by the trade tensions among some of the world’s major economies. This followed the widely expected decision to leave the cash rate unchanged at 1.75%. Elsewhere, narrow ranges have prevailed. USD-JPY… Read more »

XE Market Analysis: Asia – Jun 27, 2018

The USD index (DXY) was up by 0.5% as of the mid New York PM session, mirroring the 0.5% loss in EUR-USD and gains the dollar saw against a slew of other currencies today. The biggest advance out of the currencies we track was against the New Zealand dollar, which was nursing a 0.9% loss…. Read more »

XE Market Analysis: US Dollar Spikes on Softer Trade Restrictions

OVERVIEW US Dollar is higher on the back of softer restrictions on US Chinese investment. The Pound is on the backfoot as markets wait for Brexit negotiations on Thursday and Friday. The Loonie is strong ahead of the BOC statement. HIGHLIGHT The US Dollar is stronger across the board as President Trump looks at softer… Read more »

XE Market Analysis: North America – Jun 27, 2018

The dollar majors have been showed little movement for the most part. NZD-USD has been the main exception, dropping over 0.5% following a miss in New Zealand business confidence data. The yen, meanwhile, firmed up moderately as stock markets ebbed back after yesterday’s reprieve. USD-JPY ebbed back under 110.00 after yesterday posting a three-session peak… Read more »

XE Market Analysis: Europe – Jun 27, 2018

The dollar majors are showing little movement for the most part, heading into the London interbank open. NZD-USD was the main exception, dropping over 0.5% following a miss in New Zealand business confidence data. The yen, meanwhile, firmed up moderately as stock markets ebbed back after yesterday’s reprieve. USD-JPY ebbed back under 110.00 after yesterday… Read more »

XE Market Analysis: Asia – Jun 26, 2018

The dollar found some updraft and gained against most currencies today, recovering altitude after declining against the euro and yen, and other currencies, amid a backdrop of firmer global stock markets. The narrow trade-weighted USD index (DXY) gained 0.5% in making a two-session high of 94.73. USD-JPY recovered above 110.00 while EUR-USD fell back under… Read more »

XE Market Analysis: Currency Markets Subdued: Quiet Before More Storms

OVERVIEW The Greenback regains colors with the Dollar Index up 0.22%. Chinese Yuan drops to a 6-month low against the USD. WTI climbs higher, up 0.15% to trade near $68.15 a barrel. HIGHLIGHT Source: XE news feed XE Market Analysis: Currency Markets Subdued: Quiet Before More Storms

XE Market Analysis: North America – Jun 26, 2018

The dollar traded broadly firmer during the London AM session, although holding at near net unchanged levels in the case against the yen. The narrow trade-weighted USD index (DXY) was showing a gain of 0.3% as of the early European PM, which followed a run of three consecutive down sessions. EUR-USD corrected from a 12-day… Read more »

XE Market Analysis: Europe – Jun 26, 2018

The main currencies are showing little net change ahead of the London interbank open. EUR-USD edged a fresh 12-day high, at 1.1721, before ebbing back to near net unchanged levels nearer 1.1700. USD-JPY has become directionally stuck near 109.50, above the two-week low that was pegged yesterday, at 109.37. Source: XE news feed XE… Read more »

XE Market Analysis: Asia – Jun 25, 2018

The dollar traded mixed, losing ground to the yen and euro while gaining against higher beta currencies, such as the Australian dollar and its dollar bloc brethren, along with most emerging market currencies. This came as the spectre of a deepening and prolonging trade war — made more palpable by news today that Harley-Davidson will… Read more »

XE Market Analysis: Brexit Negotiations Are Back in Focus This Week

OVERVIEW Sterling slips back to multi-month low before EC meeting this week. The Euro is stable on flat business climate survey. US Dollar slips on trade tariff concerns. HIGHLIGHT Foreign exchange markets are being led by two main themes this week. Firstly, the European Council Meeting on Thursday and Friday. Secondly, there are trade worries… Read more »

XE Market Analysis: North America – Jun 25, 2018

A firmer yen amid a risk-off backdrop has been the dominant theme so far today as concerns about a worsening trade war plug at investors’ anxieties. News, announced on Sunday, that the PBoC trimmed banks’ reserve ratio requirement had limited impact, having been widely anticipated, and early gains in Chinese equity markets gave way to… Read more »

XE Market Analysis: Europe – Jun 25, 2018

The yen has rallied across-the-board as stock markets in Asia went bearish again on concerns about a worsening trade war. USD-JPY pulled back to a two-week low of 109.37. The biggest mover has been AUD-JPY cross, which is presently showing a fairly sizable 0.8% decline. News that the PBoC trimmed banks’ reserve ratio requirement helped… Read more »

XE Market Analysis: Asia – Jun 22, 2018

The DXY printed lows of 94.51 in N.Y. on Friday, down from highs of 94.79, though above the seven-session bottom of 94.44 seen in London. Aside from softer flash manufacturing and services PMIs, there was no data on Friday. EUR-USD peaked at 1.1666, fell to 1.1618 lows, then re-tested the highs into the close. USD-JPY… Read more »

XE Market Analysis: Deal or No Deal: Markets Wait for OPEC

OVERVIEW The Dollar Index slides for the second successive day, down 0.25%. Sterling sees light, bouncing back from 7-month lows amidst hawkish BoE. Poor data sends the Canadian Loonie plunging to new 2018 lows. WTI continues to gain, up $1.85 to trade near $67.42 a barrel. HIGHLIGHT Source: XE news feed XE Market Analysis:… Read more »

XE Market Analysis: North America – Jun 22, 2018

The dollar came under pressure as stock markets enjoyed a rally, although the MSCI All-Country index still looks likely to close the week lower in a week that trade tensions went next level. The narrow trade-weighted USD index was showing a loss of 0.3%, as of the early PM session in Europe. EUR-USD printed a… Read more »

XE Market Analysis: Europe – Jun 22, 2018

The dollar has traded moderately softer so far today, extending a theme that has been seen since yesterday following the release of the Philly Fed index, which came in much weaker than expected. Amid this backdrop, the euro has corrected some of its recent losses against most other currencies, which has likely reflected short covering,… Read more »

XE Market Analysis: Asia – Jun 21, 2018

The dollar faded lower in N.Y. on Thursday, dented by a softer Philly Fed index. The DXY has topped at 11-month highs of 95.53 ahead of the open, and the weaker data appeared to have prompted some long-dollar position squaring. EUR-USD opened at 1.1540, later rallying to 1.1633 highs. USD-JPY peaked at 110.60 before falling… Read more »

XE Market Analysis: Europe – Jun 21, 2018

The dollar has traded firmer, with, for instance, USD-JPY edging out a four-session high of 110.75, Cable making a fresh seven-month low of 1.3141, AUD-USD a 13-month low at 0.7329, and USD-CAD posting a new one-year high of 1.3325. EUR-USD has been among the exceptions in so far remaining within its range from yesterday, near… Read more »

A last look at housing

For the last five years that I have been posting on XE, one of my main focuses has been on “long leading indicators,” that is, economic data which usually turns a year or more before the economy as a whole turns. Perhaps the single one of those I have most often discussed is housing. … Read more »

XE Market Analysis: Asia – Jun 20, 2018

The DXY eased back slightly in N.Y. on Wednesday, as markets overall steadied as trade war fears subsided to a degree. The dollar did find some support from comments from Fed chair Powell, who said the case for gradual rate increases us “strong”. EUR-USD topped at 1.1600 early, before touching 1.1566 lows. USD-JPY ranged between… Read more »

XE Market Analysis: Sterling Struggles Ahead of Brexit Blueprint Vote

OVERVIEW Euro stable on Draghi comments. Sterling hits 7-month low ahead of parliament Brexit vote. Loonie hits the lowest rate in almost a year against the US Dollar on trade concerns. HIGHLIGHT Source: XE news feed XE Market Analysis: Sterling Struggles Ahead of Brexit Blueprint Vote

XE Market Analysis: North America – Jun 20, 2018

The dollar has traded firmer, for the most part, though directional commitment has been limited. USD-JPY lifted moderately amid steadying in stock markets in Europe and Asia, and rebound gains in U.S. equity index futures. The pair printed a high of 110.25, putting a little distance in from yesterday’s 10-day low at 109.55. A plethora… Read more »

XE Market Analysis: Europe – Jun 20, 2018

A pause in risk-off sentiment has seen stock markets recovery some lost ground in Asia and the yen weaken as markets unwound some of the Japanese currency’s safe haven premium. Dollar bloc currencies have rebounded, with AUD-JPY, a cross that often correlates inversely with pronounced directional swings in global stock markets, has rallied by 0.5%…. Read more »

XE Market Analysis: Asia – Jun 19, 2018

The dollar succumbed to a minor round of profit taking after the N.Y. open, taking the DXY from 11-month highs of 95.30, to 95.00 lows. Focus was on trade wars, and following the newest threat to slap more tariffs still on China, Wall Street and yields headed lower. On the data front, new home sales… Read more »

XE Market Analysis: North America – Jun 19, 2018

The yen outperformed and dollar bloc and emerging market currencies underperformed amid global stock market declines after President Trump threatened China with $200 bln of fresh tariffs. A concurrent theme was euro weakness following remarks by ECB policymakers. USD-JPY printed a six-session low of 109.55. The biggest mover has been AUD-JPY, a cross rate which… Read more »

XE Market Analysis: Europe – Jun 19, 2018

The yen has rallied amid a risk averse backdrop, with stock markets in Asia and U.S. equity index futures dropping sharply after President Trump threatened China with $200 bln of fresh tariffs. USD-JPY has so far dropped to a six-session low at 109.63, and the pair is very much amid a downward path just ahead… Read more »

XE Market Analysis: Asia – Jun 18, 2018

The dollar traded sideways in N.Y. on Monday, with major dollar pairings holding inside of narrow ranges. There was no data to drive prices, though trade war concerns kept Wall Street under pressure. EUR-USD ranged between 1.1595 and 1.1620, while USD-JPY was stuck between 110.38 and 110.53. USD-CAD printed new trend highs of 1.3237, while… Read more »

XE Market Analysis: Risk Aversion Takes Gold

OVERVIEW Pound weaker ahead of BoE meeting and Brexit concerns. Loonie solid on oil price hike ahead of the OPEC meeting this week. Euro under pressure on interest rate outlook. HIGHLIGHT The Swiss Franc and Japanese Yen have taken a large portion of the buying today as traders continue to worry about the impact of… Read more »

XE Market Analysis: North America – Jun 18, 2018

The dollar traded with little committed direction, overall, although it gained against an underperforming pound, as markets anticipate the BoE MPC meeting this week, and losing some ground to the yen, which was buoyed by burgeoning risk-off vibe in global markets. EUR-USD saw a low of 1.1565 and, subsequently, a 1.1610 high. Both the low… Read more »

XE Market Analysis: Europe – Jun 18, 2018

The dollar majors have posted narrow ranges so far today, heading into the London interbank open. EUR-USD has consolidated in a narrow range, for instance, just above Friday’s three-week low at 1.1543, USD-JPY dipped to a low of 110.30, which is 60 pips below the high that was seen on Friday. The decline reflected moderate… Read more »

Weekly Indicators: swan song edition

(SPECIAL NOTE: This will be the last edition of “Weekly Indicators” to be posted as XE. Beginning next week, Weekly Indicators will be published exclusively at Seeking Alpha. Bookmark this link to begin: https://seekingalpha.com/user/49540393 Source: XE news feed Weekly Indicators: swan song edition

XE Market Analysis: Asia – Jun 15, 2018

Yields fell, stocks fell, as did the dollar in N.Y. on Friday. The announcement of U.S. tariffs on China imports was greeted with China saying it would impose matching tariffs on U.S. goods. Commodities were lower, as those markets began pricing in a full-bore trade war. EUR-USD traded between 1.1582 and 1.1627, while USD-JPY bottomed… Read more »

XE Market Analysis: Euro Crashing Down Like Pieces of Jenga

OVERVIEW DXY Index consolidates near 2018 high. The Euro is recovering after falling in a 200-basis point sinkhole. Canadian Loonie nosedives to its lowest level in 2018 as US tariffs bite. WTI slides again, loses 21 cents, trading near $66.65 barrel. HIGHLIGHT Source: XE news feed XE Market Analysis: Euro Crashing Down Like Pieces… Read more »

XE Market Analysis: North America – Jun 15, 2018

The dollar has corrected some of the gains seen yesterday and through today, led by a rebound in EUR-USD and a decline-from-highs in USD-PY, with the former repairing to around 1.1600 from a 16-day low posted earlier at 1.1543 and the latter retreating back under 110.50, leaving a three-week high at 110.90. The narrow trade-weighted… Read more »

XE Market Analysis: Europe – Jun 15, 2018

The dollar has traded broadly firmer so far today, with the ECB’s dovish-tilting guidance yesterday coupled with the BoJ lowering its prognosis on the inflation outlook (following a widely-anticipated decision to leave monetary policy unchanged) serving to emphasize the Fed’s relatively hawkish stance. EUR-USD extended to a fresh 16-day low of 1.1555 in Asia trading…. Read more »

XE Market Analysis: Asia – Jun 14, 2018

The DXY shot up to a near three-week high of 94.77 from 93.21 lows after the ECB announcement, which while naming an end-date for QE, said rates would not be raised until at least the summer of 2019. This saw EUR-USD drop better than 200 points to 1.1591. Strong U.S. retail sales lifted the dollar… Read more »

So Much for Symmetry

Well, after all that talk about how the Fed had taken to heart that 2% inflation was a target and not a ceiling, and that there were symmetric risks on either side, now we know the truth: when it comes to actions, 2% core inflation is a ceiling. Source: XE news feed So Much… Read more »

XE Market Analysis: North America – Jun 14, 2018

The dollar has traded mostly lower, more than correcting gains seen in the wake of the Fed’s rate hike and hawkish-tilting guidance yesterday. EUR-USD logged a high of 1.1827 after extending a recovery from yesterday’s 1.1725 low that was seen in the immediate wake of the Fed’s announcement. Market participants are anticipating the ECB to… Read more »

XE Market Analysis: Europe – Jun 14, 2018

The dollar has more than given back gains seen in the immediate wake of the Fed’s rate hike and hawkish-tilting guidance. EUR-USD recouped back above 1.1800 after dipping to a 1.1725 low, post Fed. The euro has been trading generally firmer over the last day, gaining against the pound, Swiss franc, among other currencies, with… Read more »

XE Market Analysis: Asia – Jun 13, 2018

The DXY topped at seven session highs of 94.01 after the Fed raised interest rates, as-expected. The index had bottomed at 93.55 after the London close. The dollar rallied following the FOMC, taking EUR-USD to lows of 1.1725, from near 1.1790, and USD-JPY to 110.80 from near 110.40. The FOMC statement cited the strong labor… Read more »

XE Market Analysis: North America – Jun 13, 2018

The dollar has been trading mixed so far today as markets anticipate the Fed policy announcement. The euro has posted moderate across-the-board gains, with EUR-USD vaulting back above 1.1760, over 30 pips up on the intraday low, and EUR-JPY pushing back above 130.00, EUR-GBP above 0.8810 and EUR-CHF above 1.1615. A successful Italian auction of… Read more »

XE Market Analysis: Europe – Jun 13, 2018

Most currencies have been directionally dormant so far today, though USD-JPY managed to claw out a fresh three-week high at 110.68. Yen crosses also remained underpinned, though most, such as EUR-JPY and AUD-JPY, for instance, remained below recent highs. Global stock markets have lost upside traction, with risk appetite turning somewhat neutral as market participants… Read more »

XE Market Analysis: Asia – Jun 12, 2018

Markets were relatively quiet in the aftermath of the Trump/Kim summit, and ahead of Wednesday’s likely Fed rate hike. The FX market saw the dollar perk up after the London close, taking the DXY to 93.85 highs from lows of 93.49. EUR-USD slipped to 1.1737 from 1.1801 highs, while USD-JPY topped at 110.44, up from… Read more »

XE Market Analysis: Trumps Meets NK On the Block

OVERVIEW DXY Index flat after handshake effect fades away but JPY drops to a 3-week low. Investors nervous as Brexit bill goes to House of Commons. More tweets augur badly for an under-pressure Canadian Loonie. WTI loses 13 cents, moving under $66.00 a barrel. HIGHLIGHT Source: XE news feed XE Market Analysis: Trumps Meets… Read more »

XE Market Analysis: Europe – Jun 12, 2018

The dollar traded moderately firmer heading into the London interbank open, led by a 0.3% gain in USD-JPY, which logged a three-week high just shy of 110.50. Yen crosses also firmed up, reflecting broader softness in the yen as safe haven premiums unwound amid a caution sense of optimism in global markets about the Trump-Kim… Read more »

XE Market Analysis: Euro Gains After Italy Reassures on Currency and Debt

OVERVIEW Markets are in an upbeat mood as Trump and Kim prepare to meet in Singapore. UK data suggests the economy is still struggling for momentum. Big week ahead with Fed and ECB meetings. Canadian Dollar under pressure after G7 row. Turkey’s economy surges in Q1 despite weak currency and surging borrowing costs. HIGHLIGHT … Read more »

XE Market Analysis: North America – Jun 11, 2018

The dollar has traded mixed, and currencies were more generally settled after an initial jolt in early Asia-Pacific trading after the weekend dramatics of President Trump’s refusing to sign off on the G7 communique. The biggest mover in early trade was a sharp dip in the Canadian dollar. A cautious calm subsequently prevailed, with stock… Read more »

XE Market Analysis: Europe – Jun 11, 2018

Currencies settled after an initial jolt in early Asia-Pacific trading after the weekend dramatics of President Trump’s refusing to sign off on the G7 communique. A cautious calm subsequently prevailed, with stock markets lifting out of lows and the yen unwinding some of its safe haven premium. USD-JPY rebounded toward 110.00 from an early-session wobble… Read more »

Weekly Indicators consitnue to ease edition

May data consisted of a strongly positive ISM services index. April data included a decline in factory orders, but an increase in both wholesale sales and inventory. The April JOLTS report included record high job openings, and an increase in both actual hires and quits.    Source: XE news feed Weekly Indicators consitnue to… Read more »

XE Market Analysis: Asia – Jun 08, 2018

FX trade was quiet in N.Y. to end the week, with the DXY slipping modestly from 93.82 to 93.52 lows. There was little data to drive the FX market, and activity was largely a function of pre-weekend positioning. EUR-USD ranged between 1.1737 and 1.1778, while USD-JPY peaked at 109.60, before bottoming at 109.34. USD-CAD popped… Read more »

XE Market Analysis: Canadian Loonie Enters Turbulence Zone

OVERVIEW Canadian Jobs Data is soft with unemployment rate steady at 5.8%. G7 gets underway with trade tensions served hot. DXY Index up near a two-day high. WTI Oil Futures flat near $66.00 a barrel after touching an 8-week low. HIGHLIGHT Source: XE news feed XE Market Analysis: Canadian Loonie Enters Turbulence Zone

XE Market Analysis: North America – Jun 08, 2018

The dollar has traded mixed, gaining on the euro and underperforming dollar bloc currencies, and to a less extent the pound, while losing ground to the outperforming yen. A risk-off vibe in global markets as markets fret that the weekend’s G7 meeting, which will start later today in Canada, will magnify the prevailing discord over… Read more »

XE Market Analysis: Europe – Jun 08, 2018

The dollar has been trading mixed amid a worsening risk-off tone in global markets, losing ground to the yen while gaining against the euro and dollar bloc currencies. Market participants are wary about the G7 meetings in Canada, which will start later today, and which seems to be mostly seen as a risk event give… Read more »

XE Market Analysis: Asia – Jun 07, 2018

The dollar chopped around inside of relatively narrow ranges in N.Y. on Thursday, seeing the DXY range between 93.47 and 93.25, before settling near 93.40, about where it opened. EUR-USD opened at its highs at 1.1849, before printing 1.1799 lows, and settling over 1.1810. USD-JPY fell to 109.48 from highs near 110.10, as yields slipped,… Read more »