Category: Financial Markets

Financial markets news from external sources.

XE Market Analysis: North America – Nov 13, 2018

The Dollar, after rallying to fresh trend highs yesterday, has corrected some today. EUR-USD settled near the 1.1250 level after printing a 17-month low at 1.1215 late yesterday. USD-JPY recouped to 114.00 area after printing a low at 113.58 during the Tokyo AM session. The Yen weakened concomitantly with a rally in Chinese equity markets… Read more »

XE Market Analysis: Europe – Nov 13, 2018

The Dollar has softened so far today, correcting some of the gains posted yesterday. This came amid a backdrop of a mixed stock market performance in Asia, with Japan’s Nikkei 225 having closed down 2.1% while China’s SSE index having finished 0.9% higher, the latter boosted by news that China’s senior trade negotiator was preparing… Read more »

XE Market Analysis: Asia – Nov 12, 2018

The Dollar posted an up day in relatively thin conditions, being a Monday and amid the Remembrance Day holidays in North America. The USD index (DXY) settled 0.6% higher at 97.46 having earlier posted a 17-month high of 97.58. EUR-USD concurrently printed a 16-month low of 1.1240 and USD-JPY a six-week high at 114.20. Sterling… Read more »

XE Market Analysis: North America – Nov 12, 2018

The Dollar has rallied across-the-board today. Last Friday’s hot PPI numbers, and the Fed’s policy guidance following last week’s FOMC meeting, have fanned expectations for a resumption in Fed tightening at December’s policy meeting. The USD index (DXY) gained over 0.5% in posting a 17-month high of 97.58, while EUR-USD concurrently printed a 16-month low… Read more »

XE Market Analysis: Europe – Nov 12, 2018

The Dollar has rallied strongly in early-week trading. Recent U.S. data, such last Friday’s hot PPI numbers, and the Fed’s policy guidance following last week’s FOMC meeting, have fanned expectations for a resumption in Fed tightening at December’s policy meeting. The USD index (DXY) has gained 0.5% in posting a 17-month high of 97.38, while… Read more »

XE Market Analysis: Asia – Nov 09, 2018

The Dollar firmed in N.Y. on Friday, as hot U.S. CPI data supported. Yields later fell back from highs, as Wall Street sold off sharply. The DXY topped at seven-session highs of 97.01, up from lows of 96.72. EUR-USD peaked at 1.1360, later falling to 1.1318. USD-JPY attempted to rally early, though the downdraft in… Read more »

XE Market Analysis: North America – Nov 09, 2018

The Dollar and more especially the Yen have been trading firmer against most other currencies amid a backdrop of tumbling global stock markets and weakening emerging market currencies, with investors fretting about tighter Fed policy and the increasingly evident fallout from the U.S. trade protectionism. USD-CAD lifted to a fresh two-month high at 1.3198, buoyed… Read more »

XE Market Analysis: Europe – Nov 09, 2018

The Dollar has continued to firm for a second day against most other currencies, with the Yen being the main exception, with USD-JPY dipping slightly, towards the 113.80 level after failing to sustain gains above 114.00. Flagging stock markets across Asia, and the U.S., where the S&P 500 closed on Wall Street yesterday with a… Read more »

XE Market Analysis: Greenback Gains Back, Sterling Steady, Loonie Lifts

OVERVIEW Gold continued to slide in value ahead of US Fed announcement on interest rates GBP USD is down slightly despite Brexit deal pessimism from former Brexit Secretary David Davis Canadian Dollar edges up slightly on strong PMI numbers HIGHLIGHT Source: XE news feed XE Market Analysis: Greenback Gains Back, Sterling Steady, Loonie Lifts

XE Market Analysis: Asia – Nov 08, 2018

The FX Market was relatively quiet into the Fed announcement, with narrow ranges holding up for the major Dollar pairings. Later, the dollar inched lower then bounced following the FOMC announcement, where interest rates were left unchanged, as expected. The statement kept a December rate hike remained on the table, but did say growth of… Read more »

XE Market Analysis: North America – Nov 08, 2018

The Dollar has more than recovered losses seen yesterday in the wake of the U.S. midterms election results. EUR-USD posted a two-day low at 1.1411. USD-JPY and yen crosses have been trading firmer so far today, concomitantly with rebounding global stock markets in accordance with the Japanese currency’s usual inverse-correlative bias with equities. USD-JPY has… Read more »

XE Market Analysis: Europe – Nov 08, 2018

The Dollar has rebound from declines seen yesterday as the U.S. midterms election results spelt out policy gridlock. The re-ascent of the greenback coincided with strong Wall Street gains, where the S&P 500 closed with a 2.1%, which is the best gain seen for the day of a midterm election since 1982. The USD index… Read more »

XE Market Analysis: Asia – Nov 07, 2018

The Dollar fell in overnight trade, with the initial reaction to the U.S. elections taken as sa net-negative by the markets. A surge on wall Street reversed that sentiment however, and the Greenback managed a modest rally through the morning session. EUR-USD fell to 1.1445 lows from 1.1500 ahead of the open, as USD-JPY topped… Read more »

XE Market Analysis: US Congress is a Red-Blue Split, Brexit Deal Optimism Buoys GBP

OVERVIEW The US Midterm Elections produced the expected split Congress, with a Republican-run Senate and Democrat-dominated House of Representatives. Pundits are pessimistic that the US Government will be able to pass additional economic stimulus programs, driving the Greenback down relative to competing currencies.  BBC reports a Brexit deal should be in place by the end of November, pushing… Read more »

XE Market Analysis: Europe – Nov 06, 2018

The Yen has broken lower while the Australian and New Zealand Dollars have lifted moderately higher in otherwise range-restricted trading so far today as market participants wait on the U.S. midterm elections, which carry significance for the Trumpian project. Asian stock markets have mostly lifted after a positive session on Wall Street, which set the… Read more »

XE Market Analysis: Europe – Nov 07, 2018

The Dollar has traded moderately lower as early U.S. midterm elections results confirmed the Democrats to be wresting control of the House while the GOP retained control of the Senate, an outcome that was largely predicted by polls. The USD index (DXY) is showing a modest 0.2% decline, continuing losses seen over the prior two… Read more »

XE Market Analysis: North America – Nov 06, 2018

The advent of today’s U.S. midterm elections has been crimping directional ambition in markets. USD-JPY ebbed back toward 113.00 after printing a one-month high at 113.44, while EUR-JPY and AUD-JPY also reversed out of respective two-week and one-month highs. The Yen’s rebound was concomitant with European stock markets and S&P 500 futures tacking lower, with… Read more »

XE Market Analysis: North America – Nov 07, 2018

The USD index (DXY) was showing a decline of over 0.6% as of the early European PM session, just ahead of the New York interbank open, as U.S. midterm election results showed Democrats wresting control of the House. The Republican’s retained control of the Senate, largely as had been predicted by polls. EUR-USD rallied to… Read more »

XE Market Analysis: Asia – Nov 06, 2018

The Dollar index was on the decline into the N.Y. open on Tuesday, though turned higher through the session, peaking at 96.36 from lows of 96.15. U.S. election nerves appeared to subside to a degree, which allowed Wall Street to rally, and the Dollar to edge higher. EUR-USD pulled back from 1.1438 highs to trade… Read more »

XE Market Analysis: US Midterm Elections and Brexit Continue to Influence Currency Market Sentiment

OVERVIEW The Currency market is treading water today as investors avoid making aggressive bets in advance of bellwether events.   The Euro has support from robust job creation numbers Sterling saw slight gains today on hopes PM May is sharing positive Brexit deal news with her Parliamentary colleagues   HIGHLIGHT Source: XE news feed XE Market Analysis:… Read more »

XE Market Analysis: North America – Nov 05, 2018

Mostly narrow ranges have prevailed so far today, though Sterling managed to break higher on news that a Brexit deal may be on the cards. USD-JPY edged out a three-session high at 113.33, while most Yen crosses have remained within their respective Friday ranges. GBP-JPY was an exception, rallying to a two-week high. EUR-USD has… Read more »

XE Market Analysis: Europe – Nov 05, 2018

The Pound lifted on a report that the EU and UK are close to making a deal on Brexit, which will reportedly involve keeping the UK in the customs union (according to sources cited by the Sunday Times). Cable posted a high of 1.3025 in opening trade in New Zealand after closing Friday at 1.2065,… Read more »

XE Market Analysis: Asia – Nov 04, 2018

The Dollar rallied in N.Y. on Friday, helped by a strong jobs report, and firm factory orders. Treasury yields firmed and helped support the Greenback as well. The DXY topped at 96.59, coming from 95.99 lows seen into the open. EUR-USD fell back from 1.1456 to 1.1373 lows, while USD-JPY peaked at 113.32 from 112.79… Read more »

XE Market Analysis: North America – Nov 02, 2018

Both the Dollar and Yen have been under pressure today against most other currencies. EUR-USD pegged a fresh 9-day high at 1.1445, extending a three-day high rebound from Wednesday’s four-month low at 1.1302. The gains was seen despite the final release of the Eurozone’s October manufacturing PMI being revised lower to a 26-month low reading… Read more »

XE Market Analysis: Europe – Nov 02, 2018

The Dollar and Yen have traded generally weaker against most other currencies amid a backdrop of strongly-rebounding global stock markets. A détente between on the U.S. and China on trade, along with overall decent corporate earnings, mostly firm U.S. data this week, and a plethora of stock-boosting measures by Beijing, have collectively elicited a rebound… Read more »

XE Market Analysis: Asia – Nov 01, 2018

The Dollar pulled back from Wednesday’s trend high, leaving the DXY at lows of 96.20, down from 97.20 highs seen yesterday. Incoming data was mostly in-line with expectations, though the manufacturing ISM was light of forecasts. Wall Street rallied as Trump said progress was being made in U.S./China trade matters. EUR-USD climbed to 1.1424 highs,… Read more »

XE Market Analysis: North America – Nov 01, 2018

The Dollar has come under broad pressure, losing over 0.5% to the Euro, nearly 1% to the Pound and comfortably more than 1% against the Australian and New Zealand Dollars. EUR-USD posted a rebound high of 1.1388 in what is the first daily back-to-back gain in three weeks. USD-JPY has been left out of the… Read more »

XE Market Analysis: Europe – Nov 01, 2018

The Dollar has come under pressure today, initially via short-squeezes in AUD-USD, NZD-USD and GBP-USD, and latterly by a rebound in EUR-USD, which has recouped to the mid 1.1300s from yesterday’s four-month low at 1.1302. The Aussie and Kiwi Dollars, meanwhile, are showing 1%-plus gains, and Cable is up by 0.8%. Source: XE news… Read more »

XE Market Analysis: Asia – Oct 31, 2018

The Dollar index printed fresh tend highs of 97.19 in N.Y. on Wednesday, with support coming from a higher than expected ADP jobs print. EUR-USD bottomed at 1.1305, just above the August low, while USD-JPY printed three-week highs before turning lower. USD-CAD bottomed at 1.3110 before rallying to 1.3165, while Cable bucked the trend and… Read more »

XE Market Analysis: North America – Oct 31, 2018

EUR-USD printed a fresh four-month low at 1.3330. Data, including an expected rise in October Eurozone HICP to 2.2% y/y from 2.1%, had little impact. We remain bearish of EUR-USD with signs of flagging economic growth momentum in the Eurozone, along with concerns about the Eurosceptic political movement, juxtaposing a U.S. economy in relative health… Read more »

XE Market Analysis: Europe – Oct 31, 2018

The Dollar majors have been trading mixed and in generally narrow ranges against a backdrop of mostly stock markets, which are finishing a bad month with something of a flourish. Chinese stock markets managed a second day of gains, despite the official October manufacturing PMI falling to 50.2, the lowest since July 2016 and down… Read more »

XE Market Analysis: Asia – Oct 30, 2018

The Dollar rallied in N.Y. on Monday, sending the DXY to 16-month highs of 97.02. Incoming U.S. data was supportive, as consumer confidence held up better than expected. EUR-USD fell from over 1.1380 to 1.1341 lows, while USD-JPY topped at 112.98. USD-CAD was supported by softer oil prices, peaking at 1.3147. Brexit concerns continues to… Read more »

XE Market Analysis: North America – Oct 30, 2018

EUR-USD posted fresh intraday lows under 1.1360. EUR-CHF has also come under pressure, while EUR-JPY and EUR-GBP have maintained a relative buoyancy due to specific concurrent underperformance of both the Yen and the Pound. The losses in EUR-USD have been concomitant of a renewed spike in Italian yields following disappointing GDP data out of Italy…. Read more »

XE Market Analysis: Europe – Oct 30, 2018

The Yen has declined and the commodity currencies have firmed amid a risk-back-on them in Asian markets. China announced fresh initiatives to shore up its equity markets, with its securities regulator announcing earlier that it will encourage share buybacks and investment from insurance companies, and M&A among listed companies, while Trump said, with typical hyperbole,… Read more »

XE Market Analysis: Asia – Oct 29, 2018

The dollar firmed up in N.Y. trade on Monday, taking the DXY to highs of 96.70, just under Friday’s two-plus month peak of 96.86. Incoming data was mixed, with earnings on the light side, but spending higher than forecast. Risk-on conditions returned, though Wall Street ended well off its highs. EUR-USD was range bound between… Read more »

XE Market Analysis: Merkel's Career Announcement Weighs on Euro

OVERVIEW British cartel traders were acquitted of rigging currency market US spending and inflation beats estimates,  pushes Gold down and the Greenback up.  Brexit continues to plague GBP with continued uncertainty HIGHLIGHT Source: XE news feed XE Market Analysis: Merkel’s Career Announcement Weighs on Euro

XE Market Analysis: North America – Oct 29, 2018

It’s been a slow start to the week in terms of direction in currency markets. EUR-USD ebbed back under 1.1400 after failing to sustain gains above this level. An intraday low was printed at 1.1360 and the pair has since settled around the 1.1380-90 area. Italy’s 10-year yields fell nearly 10 bp to near four-week… Read more »

XE Market Analysis: Europe – Oct 29, 2018

Narrow ranges have prevailed so far today in forex markets. EUR-USD has nudged above 1.1400, but the range has been less than 20 pips. USD-JPY has posted a narrow range so far, marked by 111.77 and 112.04, holding comfortably within the range seen on Friday. While USD-JPY’s fundamentals (yield differentials and the associated contrast between… Read more »

XE Market Analysis: Asia – Oct 26, 2018

The Dollar index fell from trend highs of 96.86 to 96.31 before finding its footing in N.Y. trade on Friday. A stronger than expected Q3 U.S. GDP print gave no help to the Greenback, as risk-off conditions prevailed following earnings misses from Amazon and Google, which saw Wall Street tank. EUR-USD topped at 1.1413 from… Read more »

XE Market Analysis: G-10 Currencies Fading Away as US GDP Gallops Faster

OVERVIEW  The USD touched a two-month high vis-à-vis its significant peers as American GDP beat estimates Commodity-currencies slid into negative territory amid trade tensions and falling oil prices NYMEX WTI Crude rolled lower, down 1.2% to $66.70 a barrel. HIGHLIGHT Source: XE news feed XE Market Analysis: G-10 Currencies Fading Away as US GDP… Read more »

XE Market Analysis: North America – Oct 26, 2018

The Yen strengthen on a safe-haven bid amid a backdrop of coursing risk aversion, while the Dollar also traded firmer against most currencies outside the case against the Japanese currency. USD-JPY fell to an 11-day low at 111.86, while AUD-JPY dove over 1% into two-year territory and EUR-JPY printed two-month lows. Source: XE news… Read more »

XE Market Analysis: Europe – Oct 26, 2018

The Yen has traded with a firming bias while the Australian Dollar and other Dollar bloc currencies have underperformed amid fresh risk aversion in global markets. USD-JPY has drifted to the lower 112.0s, approaching the 11-day low seen on Wednesday at 111.82, while EUR-JPY ebbed to a two-month low and AUD-JPY to a fresh six-week… Read more »

XE Market Analysis: Asia – Oct 25, 2018

The Dollar index peaked at 96.71, its highest since August 16 in N.Y. on Thursday. Incoming data had little impact, though risk-taking levels improved, allowing Wall Street to rally, which largely helped the Greenback. EUR-USD fell on a dovish leaning Draghi, leaving the pairing at 1.1359 lows. USD-JPY traded a narrow band, though was supported… Read more »

XE Market Analysis: Brexit Fears Sink Sterling, US Dollar Rises

OVERVIEW Sterling sinks on renewed fears of no-deal Brexit following warnings from Europe’s Central Bank president European and Asian stock markets struggle to recover, Wall Street follows suit  Bank of Canada delivers expected interest rate hike  HIGHLIGHT Source: XE news feed XE Market Analysis: Brexit Fears Sink Sterling, US Dollar Rises

XE Market Analysis: North America – Oct 25, 2018

The Dollar has traded on a soft tack, while the Yen, after gaining during the Asian session, corrected against most currencies as European stock markets and U.S. equity index futures found some bargain-hunting demand after the rout. EUR-USD has settled to a narrow orbit of the 1.1400 level, with the pair consolidating after printing a… Read more »

XE Market Analysis: Europe – Oct 25, 2018

The Dollar has traded softer and the Yen has outperformed on a safe haven bid amid a backdrop of hefty global stock market losses. The USD index (DXY), which has rallied quite strongly over the last week and a half, is presently showing a decline of 0.2%., at 96.24, extending the correction from yesterday’s two-month… Read more »

XE Market Analysis: Asia – Oct 24, 2018

The Dollar index rallied to two-month highs of 96.53 in N.Y. on Wednesday, as safe-haven buying again stepped in as a result of another Wall Street sell-off. Flash U.S. PMIs were stronger, though were offset some by weak new home sales figures. EUR-USD bottomed at 1.1380, while USD-JPY was range bound in the lower 112’s…. Read more »

XE Market Analysis: North America – Oct 24, 2018

The Euro came under pressure following disappointing flash PMI estimates out of the Eurozone. EUR-USD declined by over 0.5% in posting a 1.1403, which is a two-month low. EUR-JPY fell by 0.5% on route to a six-week low, while EUR-CHF has pegged a two-week low at 1.1373. EUR-USD is now amid its fourth down week… Read more »

XE Market Analysis: Europe – Oct 24, 2018

Narrow ranges have prevailed so far today among the main currencies. USD-JPY edged out a two-day high of 112.63, with the pair maintaining a broadly sideways track that’s been seen for nearly two weeks now. Source: XE news feed XE Market Analysis: Europe – Oct 24, 2018

XE Market Analysis: North America – Oct 23, 2018

The Dollar ebbed during the London AM session after firming during the pre-Europe Asian session, while the Yen outperformed as global stock markets dove. EUR-USD recouped to the upper 1.1400s after earlier printing a two-session low at 1.1439. The low and the move back higher have been mostly driven the broader fluctuations in the dollar…. Read more »

XE Market Analysis: Europe – Oct 23, 2018

Both the Dollar and Yen have outperformed amid a risk-off backdrop, with the Japanese currency itself outperforming its U.S. counterpart on safe haven demand, which has pushed USD-JPY lower despite gains in the greenback against most other currencies. USD-JPY has dipped to an intraday low of 112.41 after closing in New York yesterday at 112.79-80…. Read more »

XE Market Analysis: Asia – Oct 22, 2018

The Dollar index topped at two-week highs of 96.10 in N.Y. on Monday, posting modest gains through the session. There was no data to move the market, though mixed earnings reports weighed on stocks to a degree. EUR-USD bottomed at 1.145, down from near 1.1500 at the open. USD-JPY peaked at 112.88 before settling near… Read more »

XE Market Analysis: Asia – Oct 19, 2018

The Dollar slipped some in N.Y. trade on Friday, taking the DXY from near two-week overnight highs of 96.05 to 95.55 lows. Soft U.S. housing data had little impact, and pre-weekend profit taking appeared to have been the main driver, following a week of fairly steady gains. EUR-USD rallied from 1.1458 lows to 1.1535 highs,… Read more »

XE Market Analysis: North America – Oct 19, 2018

The Dollar has been choppy but traded moderately softer, on net, giving back some of its recent gains. EUR-USD lifted back above 1.1460 after earlier printing a 10-day low at 1.1433, coming within 1 pip of the October-9 low, which is a two-month nadir. This is the fourth consecutive day the pair has clocked a… Read more »

XE Market Analysis: Europe – Oct 19, 2018

The Dollar has held firm against most currencies during the Asian session, into the open of the London interbank market, although slightly off highs seen during the New York afternoon yesterday. EUR-USD found a footing above 1.1450 after posting a 10-day low at 1.1449. Cable also steadied after seeing an eight-day low at 1.3015. USD-JPY… Read more »

XE Market Analysis: Europe – Oct 18, 2018

The Dollar has traded mostly firmer in the wake of the release of the Fed minutes to the late-September FOMC meeting, which revealed policymakers remaining committed to gradual tightening. The USD index (DXY) has printed an eight-day high at 95.75, and is now up by just over 1% from the three-week low that was seen… Read more »

XE Currency Analysis: EU Summit in Brussels in the Spotlight

OVERVIEW Potentially historic EU Summit kicks off in Brussels Strong round of earnings reports from Wall Street gives strength to USD Loonie lifted by rally in crude WTI prices HIGHLIGHT Source: XE news feed XE Currency Analysis: EU Summit in Brussels in the Spotlight

XE Market Analysis: Asia – Oct 17, 2018

The Dollar index rallied from pre-open lows of 95.10 to a one-week high of 95.54 in N.Y. trade on Wednesday. EUR-USD fell from 1.1547 to 1.1508 through the session. USD-JPY peaked at 112.47, coming from 112.02 lows. USD-CAD rallied over 1.3015 as oil prices tumbled. Cable meanwhile, steadied in the low 1.31’s. The FOMC minutes… Read more »

XE Market Analysis: North America – Oct 17, 2018

The Dollar had traded moderately firmer into the New York interbank open, which came as European equity markets turned negative after failing to sustain a positive open, and with U.S. equity futures flagging as the good-feel of yesterday’s bullish Wall Street session abated. EUR-USD has ebbed back to the mid 1.1500s after yesterday failing to… Read more »

XE Market Analysis: North America – Oct 16, 2018

The Dollar has traded mixed so far today, reaching the early European PM near net unchanged versus the Euro, lower against the Pound, which lifted on perky UK wage data, and higher versus the Yen, which underperformed amid a backdrop of recovering stock markets. EUR-USD backed away from a test of 1.1600, returning to levels… Read more »

XE Market Analysis: Europe – Oct 16, 2018

Most Dollar pairings have been steady, holding within respective Monday ranges. Once expectation was NZD-USD, which has rallied to a two-week high of 0.6596 following New Zealand Q3 CPI data, which rose to 0.9% q/q, above the median forecast for 0.7% q/q. USD-JPY, meanwhile, has lifted back above 112.00 but has remained below yesterday’s 112.23… Read more »

XE Market Analysis: Asia – Oct 12, 2018

The Dollar index recovered modestly in N.Y. trade on Friday, rallying to 95.37 highs, and up from overnight lows of 94.96. The recovery in global equity markets on Friday supported the Dollar, though it remains to be seen whether or not the gains were just a pre-weekend relief rally. EUR-USD dipped to 1.1565 from 1.1610,… Read more »

XE Market Analysis: North America – Oct 12, 2018

EUR-USD edged out a new intraday low of 1.1575, correcting after earlier printing a 12-day high at 1.1610. USD-JPY settled in the lower 111.0s after posting a 25-day low at 111.83 during the late New York PM session yesterday. The low was seen following by broad Dollar declines in the wake of the softer than… Read more »

XE Market Analysis: Europe – Oct 12, 2018

The Dollar has been trading modestly firmer against is major peers into the open of the London interbank market, reversing earlier weakness that was seen after yesterday’s sub-forecast U.S. CPI data. EUR-USD has dipped back under 1.1600, after earlier printing a 12-day high at 1.1610, while USD-JPY has lifted to the 112.30-40 area after posting… Read more »

XE Market Analysis: Asia – Oct 11, 2018

The Dollar index printed two-week lows of 94.99 following the cooler U.S. CPI outcome. The Greenback later recovered some as the risk backdrop settled somewhat relative to Wednesday’s equity meltdown. EUR-USD peaked at 1.1599 before pulling back to 1.1546 lows, while USD-JPY rallied over 112.50 from 112.09 lows. USD-CAD eased into 1.3015 from 1.3072 highs,despite… Read more »

XE Market Analysis: North America – Oct 11, 2018

The Dollar has traded with a softening bias so far today amid a backdrop of fairly acute equity market losses (S&P 500 futures down near 1%, China’s SSE closing with a 5.2% loss and Europe’s Stoxx 600 losing nearly 2%). EUR-USD settled around 1.1550 after earlier climbing to a nine-day high of 1.1572. USD-JPY settled… Read more »

XE Market Analysis: Europe – Oct 11, 2018

The Dollar has traded weaker during the Asian session, into the European opening. The has seen EUR-USD climb to the mid 1.1500s and USD-JPY post a three-week low at 111.97. EUR-JPY and AUD-JPY have both seen one-month lows, amid Yen safe-haven outperformance as global stock markets are routed. The Nikkei 225 closed 3.9% for the… Read more »

XE Market Analysis: Asia – Oct 10, 2018

The Dollar index fell to one-week lows of 95.38 in N.Y. on Wednesday, with losses coming on the back of a fairly hefty meltdown of risk appetite. Wall Street was crushed lower, and as Treasury yields pulled back some from trend highs. EUR-USD topped at 1.1545 after opening near 1.1490. Risk-sensitive USD-JPY took it on… Read more »

XE Market Analysis: Hopes of a Brexit Deal Peak Up the Pound and the Euro

OVERVIEW The Pound rose today as optimism grew over a Brexit deal being reached The Euro also gained strength as fears over Italy’s budget deficit were trumped by encouraging Brexit headlines The Canadian Dollar edged lower the USD today as oil prices fell and US Treasury yields hovered around multi-year highs. HIGHLIGHT The Pound reached… Read more »

XE Market Analysis: North America – Oct 10, 2018

The Dollar majors have continued to ply mostly narrow ranges. EUR-USD has continued to gravitate around 1.1500, returning to this level after yesterday briefly breaking orbit and posting a seven-week low at 1.1432. Concerns about Italian budgetary prudence have continued to linger, although BTP yields have come off their highs today. USD-JPY has remained entrenched… Read more »

XE Market Analysis: Europe – Oct 10, 2018

Sterling has gained on Brexit related news while other currencies have remained directionally challenged, with EUR-USD continuing to play a narrow path around 1.1500 and USD-JPY holding a narrow range around the 113.00 level. Cable managed to eke out a two-week high at 1.3174 and EUR-GBP a near four-month low at 0.8732. Source: XE… Read more »

XE Market Analysis: Asia – Oct 09, 2018

The Dollar index fell from opening highs of 96.15 to a low of 95.68 in N.Y. trade on Tuesday. Profit taking from 6-week highs was in the mix, while the Greenback was sold as risk taking levels again soured. EUR-USD bounced from 1.1432 to 1.1494, while USD-JPY dipped briefly under 113.00. USD-CAD flirted with the… Read more »

XE Market Analysis: Italian Woes Drive Euro to Seven Week Lows

OVERVIEW The DXY Index remains near a six-week high as US Treasury Yields jump to 7-year high  The PKR sheds 7% as the country seeks bailout from the IMF WTI holds near $74.30 a barrel as gold slides lower to $1,180 an ounce HIGHLIGHT Source: XE news feed XE Market Analysis: Italian Woes Drive… Read more »

XE Market Analysis: North America – Oct 09, 2018

The Dollar has lifted across-the-board, concomitantly with the 10-year U.S. Treasury yield hitting fresh seven-year highs, which contributed to a firmly risk-off sentiment in global markets. The U.S. currency also benefitted by EUR-USD selling amid a renewed spike in Italian yields as markets increasingly lose confidence in the credibility of the coalition government’s budget plans,… Read more »

XE Market Analysis: Europe – Oct 09, 2018

Narrow ranges have been prevailing among the main dollar pairings an cross rates, though this may change once the European interbank market enters the fray amid a backdrop dynamic of risk aversion. Chinese stock markets have managed to stabilise after yesterday’s rout, though intraday gains have been wiped out in post-lunch trading so far. EUR-USD… Read more »

XE Market Analysis: North America – Oct 08, 2018

The Yen has outperformed while the Pound and the Euro have underperformed amid a backdrop of risk aversion in global markets. Trading conditions have been thinned by the absence of Tokyo today, and with holidays due in Canada and the U.S. The Euro has come under pressure concomitantly with a fresh spike in Italian yields… Read more »

XE Market Analysis: Europe – Oct 08, 2018

The Dollar has traded steadily in thin trading. Chinese markets reopened after a week-long break, while Japanese markets are closed today, as will be Canadian markets today, and Treasury markets in the U.S. (although Wall Street will be open). A risk-off sentiment has coursed through Asian markets as investors digest last week’s spike in U.S…. Read more »

XE Market Analysis: Asia – Oct 05, 2018

The Dollar index attempted to rally after the less than stellar U.S. jobs report, though ultimately faded to 95.55 lows in morning trade. The surge in Treasury yields resulted in another Wall Street rout, which weighed down the Greenback. EUR-USD topped at 1.1549 from 1.1484 lows before settling near 1.1500, while USD-JPY headed to near… Read more »

Strong US Job Numbers Support More Interest Rate Hikes

OVERVIEW The DXY Index is set to close near a six-week high as US unemployment drops to a 48-year low of less than 4%.  Increasing trade tensions between China and the US are exerting more pressure on the Australian Dollar.  The AUD is down 9.3% since the beginning of the year. WTI slid lower for… Read more »

XE Market Analysis: North America – Oct 05, 2018

The dollar majors have been directionally limited as the upcoming U.S. employment report curbs activity and commitment. EUR-USD has been anchored around the 1.1500 mark, above yesterday’s six-week low at 1.1463. Concerns about the budgetary prudence of Italy’s coalition government have returned, and we continue to favour EUR-USD’s downside, a view rooted to the strong… Read more »

XE Market Analysis: Europe – Oct 05, 2018

The Dollar majors have been trading in narrow ranges as the approaching release of the September U.S. jobs report casts a subduing influencing on trading activity. Risk appetite improved, though remained fragile overall, as markets continue to digest the spike in U.S. Treasury and global yields. EUR-USD has anchored itself around the 1.1500 mark, above… Read more »

XE Market Analysis: Asia – Oct 04, 2018

The dollar index dipped to 95.56 lows in morning N.Y. trade on Thursday, though later recovered to 95.88 as yields remained firm. Incoming data saw slightly lower than expected jobless claims, and strong factory orders, though neither had much impact on the FX market. EUR-USD topped at 1.1542 before falling to 1.1493 lows, while USD-JPY… Read more »

XE Market Analysis: North America – Oct 04, 2018

The dollar has traded softer during the London AM session, correcting some of the gains seen over the last day following strong U.S. data and the associated spike in Treasury yields. EUR-USD has lifted back above 1.1500 after lifting out of the six-week low seen during the Asian session at 1.1463. USD-JPY has also backed… Read more »

XE Market Analysis: Europe – Oct 04, 2018

The Dollar has traded firmer concomitantly with a rise in Treasury yields following strong U.S. data. The USD index (DXY) posted a fresh six-week high at 96.12 in what is now the fifth consecutive session of rises. EUR-USD concurrently logged a six-week low, at 1.1463. USD-JPY rallied to a new nine-month high at 114.55, despite… Read more »

XE Market Analysis: Asia – Oct 03, 2018

Solid ADP jobs and services ISM data supported the Dollar in N.Y. trade on Wednesday, taking the DXY to a better than one-month high of 95.78. EUR-USD fell to 1.1509 lows from 1.1554, while USD-JPY printed 11-month highs of 111.41 on improved risk taking levels. USD-CAD remained relatively steady in the lower 1.28’s. Cable meanwhile,… Read more »

XE Market Analysis: North America – Oct 03, 2018

There have been mixed themes in trading so far today, with the Dollar and Yen trading generally softer, especially against an outperforming Euro, except in the case versus the Australian Dollar, which has underperformed following a 9.4% m/m in Australian building approvals (which confounded the median forecast for a 1.0% m/m rise). The magnitude of… Read more »

XE Market Analysis: Europe – Oct 03, 2018

The Euro lifted across-the-board on a report in Italy’s Corriere della Sera says that the government is now planning to cut the budget deficit to 2% of GDP in 2021, following deficits of 2.4% in 2019 and 2.2% in 2020, which sparked a bounce in the euro. The Italian government had previously been planning a… Read more »

XE Market Analysis: Asia – Oct 02, 2018

The Dollar index pulled back from one-month highs seen early in the session on Tuesday, dipping to 95.36 from 95.74. There were no data to drive markets through the session. EUR-USD recovered from trend lows of 1.1506, peaking later at 1.1570. USD-JPY found support ahead of 113.50, while USD-CAD chopped around in the lower 1.28’s…. Read more »

XE Market Analysis: Canadian Loonie Nestles Atop 4-month High on USMCA

OVERVIEW The US Dollar stays strong against most G-10 currencies Investors await for the details of the new trilateral USMCA pact. Oil futures are up with WTI trading near $75.50 a barrel HIGHLIGHT Source: XE news feed XE Market Analysis: Canadian Loonie Nestles Atop 4-month High on USMCA

XE Market Analysis:

OVERVIEW The US Dollar stays strong against most G-10 currencies Investors await for the details of the new trilateral USMCA pact. Oil futures are up with WTI trading near $75.50 a barrel HIGHLIGHT Source: XE news feed XE Market Analysis: