Category: Financial Markets

Financial markets news from external sources.

XE Market Analysis: North America – Jul 18, 2019

The Dollar rebounded after printing fresh lows against the Euro, Yen and a number of other currencies in early European trading. This saw EUR-USD correct to around 1.1210 from the two-day high seen earlier at 1.1243. A rekindling in expectations for the Fed to entertain an outsized 50 bp rate hike at the upcoming FOMC… Read more »

XE Market Analysis: Europe – Jul 18, 2019

The Dollar has traded softer amid a reappraisal for the chances of the Fed entertaining an outsized 50 bp rate hike at the upcoming FOMC meeting, which has been concomitant with a WSJ report suggesting that trade negotiations between the U.S. and China are at a “standstill.” This was followed by fresh evidence of the… Read more »

XE Market Analysis: Asia – Jul 17, 2019

The Dollar turned modestly lower through the N.Y. morning session, pulling back from one-week highs seen on Tuesday. The DXY bottomed at 97.17, after opening at session highs of 97.37. Softer U.S. housing starts data weighed some on the Greenback, as did a pullback in Treasury yields. EUR-USD ranged between 112.10 and 112.30, closing near… Read more »

XE Market Analysis: North America – Jul 17, 2019

EUR-USD edged out a fresh eight-day low at 1.1199 in early London trading before settling back in the lower 1.1200s, with an upward revision in Eurozone June HICP data giving the euro some buoyancy. The low had been the product of dollar, which was given a boost yesterday following above-forecast industrial production and retail sales… Read more »

XE Market Analysis: Europe – Jul 17, 2019

The Dollar has settled to a consolidation at modestly lower levels after rallying yesterday. The narrow trade-weighted USD index (DXY) has steadied around 97.35, down from the one-week high seen yesterday at 97.55, though remaining higher by a net 0.6% on the week so far. EUR-USD has settled in the lower 1.1200s, above the eight-day… Read more »

XE Market Analysis: Asia – Jul 16, 2019

Better than expected U.S. retail sales helped Dollar sentiment in N.Y. on Tuesday, with the DXY printing one-week highs of 97.36. Better earnings from the likes of Goldman Sachs, JP Morgan, and Wells Fargo did little to lift Wall Street, as major indices remained on either side of flat for much of the session. Treasury… Read more »

XE Market Analysis: North America – Jul 16, 2019

The Dollar has remained buoyant, posting fresh highs versus the Euro, Sterling and some other currencies. This comes amid some position readjusting with markets bracing for an incoming tide of Q2 corporate earnings results and a hefty slate of U.S. data releases this week, which will collectively paint an updated picture of the impact that… Read more »

XE Market Analysis: Europe – Jul 16, 2019

The main Dollar pairings have been trading in narrow ranges, of less than 15 pips for the most part, and less than 25 pips in the case of USD-JPY. AUD-USD drifted modestly lower following the release of the RBA minutes from the early July policy meeting, which affirmed the Board’s dovish bias. The pair posted… Read more »

XE Market Analysis: Asia – Jul 15, 2019

The Dollar moved modestly higher in N.Y. trade on Monday, taking the DXY to highs of 96.97 from 96.75 lows seen into the open. The index remains well under last week’s July high of 97.59. A better than expected Empire State index helped USD sentiment to a degree, prompting some short covering from Friday’s one-week… Read more »

XE Market Analysis: North America – Jul 15, 2019

The Dollar has been consolidating declines seen during the latter half of last week. EUR-USD has been holding a narrow range near the 1.1275 mark, holding comfortably above last Tuesday’s four-week low at 1.1193. USD-JPY has been trading on either side of 108.00 in quiet conditions with Japanese markets were closed for a public holiday… Read more »

XE Market Analysis: Europe – Jul 15, 2019

The Australian Dollar ticked higher following a net encouraging catch of data out of China today. This drove AUD-USD to a 12-day high at 0.7035. The NZD also lifted, with both currencies having China proxy status. The data showed Q2 GDP slowing to a 27-year low of 6.2%, as expected, while industrial output and retail… Read more »

XE Market Analysis: Asia – Jul 12, 2019

The Dollar peaked early in the N.Y. session on Friday, reacting positively to the slightly warmer U.S. PPI outcome. From there, the USD turned modestly lower, taking the DXY from 97.08 to 96.84. Wall Street moved higher again, with major indices printing all-time highs. EUR-USD bottomed at 1.1238, later bouncing to 1.1268. USD-JPY fell from… Read more »

XE Market Analysis: The US Dollar Chills After Choppy Week

OVERVIEW The greenback is trading flat across the board with a bias for safe-haven currencies USD/CAD takes a breather before a challenge on the 1.30 mark WTI Crude oil price steadies around $60 a barrel with a focus on Chinese economic data Source: XE news feed XE Market Analysis: The US Dollar Chills After… Read more »

XE Market Analysis: North America – Jul 12, 2019

The USD picked up bids during the London AM session after posting intraday lows in pre-Europe trading. EUR-USD ebbed to the 1.1255 area, down from the intraday high at 1.1275, leaving yesterday’s eight-day high at 1.1285 unchallenged. Above-forecast May Eurozone production data had only a fleeting impact on EUR-USD, though the Euro ground out gains… Read more »

XE Market Analysis: Europe – Jul 12, 2019

The USD traded softer heading into the London interbank open, retracing from of the gains seen yesterday following a near 10 bp spike in the 10-year U.S. T-note yield, which touched a one-month high at 2.143%. This came as the S&P 500 and DJIA hit record highs. The narrow trade-weighted USD index (DXY) ebbed to… Read more »

XE Market Analysis: Asia – Jul 11, 2019

The Dollar posted modest gains in N.Y. on Thursday, after being beaten lower on Wednesday by Fed chair Powell’s dovish testimony. A warmer than expected U.S. CPI outcome brought USD buyers back into the fray, taking the DXY to 97.14 highs, up from 96.80 lows at the open. Treasury yields firmed up some, while Wall… Read more »

XE Market Analysis: North America – Jul 11, 2019

The Dollar posted fresh lows against most of the main currencies as Fed Chairman Powell’s testimony yesterday, where he signalled a 25 bp rate cut with the caveat that the Fed has the tools needed and could use them “aggressively” if necessary, continued to resonate. The narrow trade-weighted USD index (DXY) extended to a six-day… Read more »

XE Market Analysis: Europe – Jul 11, 2019

The USD posted fresh lows during the pre-Europe session in Asia as markets continued to readjust Fed easing expectations in the wake of Chairman Powell’s testimony yesterday, which was consistent with a 25 bp rate cut at the end of this month with an addendum stipulating that the Fed has the tools needed and could… Read more »

XE Market Analysis: Asia – Jul 10, 2019

Fed chair Powell all but confirmed a rate cut later this month, as he spoke in dovish tones in testimony to the House Financial Services Committee. Short yields dove, while Wall Street rallied, and the Dollar headed lower. The DXY fell from over 97.45, to a low of 97.06 through the morning session. EUR-USD topped… Read more »

XE Market Analysis: North America – Jul 10, 2019

The USD has traded mixed into the New York interbank open and Fed Chair Powell’s Congressional testimony. The U.S. currency posted moderate losses against the EUR and GBP, while still managing to claw out new highs versus the JPY, AUD and NZD. The EUR rallied on above-forecast production data out of France and Italy, which… Read more »

XE Market Analysis: Europe – Jul 10, 2019

The USD majors mostly settled to a consolidation as market participants went into bets-off mode ahead of the Congressional testimony of Fed Chairman Powell later today. The narrow trade-weighted USD index (DXY) was showing little change heading into the London interbank open, at 97.50. EUR-USD concurrently settled in a less-than-10-pip range just above the 1.1200… Read more »

XE Market Analysis: Asia – Jul 09, 2019

The Dollar was relatively steady through the N.Y. session on Tuesday, with traders mostly on Powell patrol ahead of the Fed chair’s congressional testimony on Wednesday. There was nothing in the way of market moving data, and focus remained on position adjustment activity. The DXY ranged between 97.59 and 97.46 through the day. EUR-USD managed… Read more »

XE Market Analysis: North America – Jul 09, 2019

The Dollar continued to grind higher. The narrow trade-weighted USD index (DXY) printed a three-week high at 97.59 while EUR-USD pegged a fresh three-week low at 1.1193 and USD-JPY rallied to a five-week high at 108.96. USD-CAD has gained for a second day, this time posting a two-session high at 1.3134. This recovers most of… Read more »

XE Market Analysis: Europe – Jul 09, 2019

Moderate USD firming has been a prevalent theme, driving the narrow USD index (DXY) to a two-session high at 97.43, which is just 1 pip shy of the near three-week peak that was seen on Friday. Markets are looking to Fed Chair Powell’s Monetary Policy Report on Wednesday in the wake of Friday’s strong jobs… Read more »

XE Market Analysis: Asia – Jul 08, 2019

The Dollar firmed up some in N.Y. trade on Monday, though the DXY remained below Friday’s near three-week top, peaking at 97.42. There was no data to drive the market, though following the much better June jobs report, Dollar dip-buying remained in vogue, as traders priced out aggressive Fed rate cut moves. EUR-USD matched Friday’s… Read more »

XE Market Analysis: Currency Investors Take Coffee and Tea Breaks Leading Up to Powell Fed Announcements

OVERVIEW The Dollar Index stays near three-week high after better-than-expected job numbers. The Canadian loonie consolidates near an eight-month high ahead of Bank of Canada meetings.    The Euro continues to slide lower, concerns over economic contraction gathers pace Source: XE news feed XE Market Analysis: Currency Investors Take Coffee and Tea Breaks Leading Up to… Read more »

XE Market Analysis: North America – Jul 08, 2019

The Dollar has consolidated gains seen following Friday’s post-jobs report moderation in Fed easing expectations. EUR-USD has posted a narrow range around 1.1220-30 so far, while Cable, AUD-USD and other pairings saw a similar price action. The Yen unwound gains seen during the Tokyo session as stock markets across Asia came under pressure. USD-JPY lifted… Read more »

XE Market Analysis: Europe – Jul 08, 2019

The Dollar has been traded firmer into the London interbank open, edging out a three day high against the Yen and making moderate advancements against the Euro, Canadian dollar and other currencies. USD-JPY’s high is 109.73, we retraces about a third of the safe-haven driven declines the pair saw in the early part of the… Read more »

XE Market Analysis: Asia – Jul 05, 2019

The Dollar rallied broadly in N.Y. trade on Friday, supported by a stronger June U.S. jobs report, which had the result of tamping down expectations for aggressive Fed easing. The USD was up against all major currencies through the session, taking the DXY to near three-week highs of 97.44, up from 96.90 at the open…. Read more »

XE Market Analysis: North America – Jul 05, 2019

The Dollar took a rotation high during the Asian and European AM sessions. EUR-USD printed a 15-day low at 1.1255, retracing nearly 75% of the gains since the Fed’s policy statement in mid June. While the Fed remains on course to cut rates on July 31, forex markets have been adjusting to competing dovish turns… Read more »

XE Market Analysis: Europe – Jul 05, 2019

The Dollar has been traded firmer into the London interbank open, edging out a three day high against the Yen and making moderate advancements against the Euro, Canadian dollar and other currencies. USD-JPY’s high is 109.73, we retraces about a third of the safe-haven driven declines the pair saw in the early part of the… Read more »

XE Market Analysis: North America – Jul 04, 2019

The Dollar majors have been directionally uneventful with U.S. markets closed today and participants hunkering down ahead of tomorrow’s U.S. jobs report. EUR-USD down shifted back to the 1.1280 area after pressing to a 1.1295 high during the pre-London session in Asia, leaving yesterday’s peak at 1.1311 unchallenged. USD-JPY remained within the range seen yesterday,… Read more »

XE Market Analysis: Europe – Jul 04, 2019

The Dollar majors have maintained narrow ranges so far today, with the U.S. currency lifting out of brief declines during the Asia session. EUR-USD dipped back to the 1.1280 area after earlier pressing to a 1.1295 high, leaving yesterday’s peak at 1.1311 unchallenged. USD-JPY remained within the range seen yesterday, still buoyant but bereft of… Read more »

XE Market Analysis: Asia – Jul 03, 2019

The Dollar index slipped in N.Y. morning trade on Wednesday, though later perked up again into the July 4th holiday. The DXY slipped to 96.60, later rallying back to 96.82 highs. The USD has held the bulk of gains seen at the start of the week, as Fed easing sentiment has come off the boil… Read more »

XE Market Analysis: The Currency Market Shifts into Summer Holiday Mode

OVERVIEW The Dollar Index is flat in thin market trading ahead of the July 4th holiday The British pound suffers from selling pressure on the back of soft PMI and a dovish BoE Oil prices gain 1.30% and is extending support to commodity-linked currencies Source: XE news feed XE Market Analysis: The Currency Market Shifts… Read more »

XE Market Analysis: North America – Jul 03, 2019

The Dollar has been trading steady-to-softer against the other main currencies, arriving at the New York interbank open near net unchanged against the Euro, with the common currency managing to recoup from intraday losses, modestly lower versus the Yen and Australian Dollar, and firmer in the case against the Pound, which has remained heavy following… Read more »

XE Market Analysis: Europe – Jul 03, 2019

The Dollar has traded mixed while the Yen has traded firmer versus the other main currencies, which has come amid a backdrop of drooping stock markets in Asia (event though the S&P posted a fresh record closing level) as optimism about the U.S.-China trade war truce faded. For one, the U.S. Trade Representative’s office announced… Read more »

XE Market Analysis: Asia – Jul 02, 2019

The Dollar was narrowly mixed in N.Y. trade on Tuesday, though managed to keep the bulk of Monday’s gains. There was no data to move the markets, though that will change on Wednesday, as traders gear up for the ADP jobs report, trade, jobless claims, and factory data. EUR-USD was range bound between 1.1286 and… Read more »

XE Market Analysis: North America – Jul 02, 2019

The Dollar gave back some of the gains seen yesterday, concomitantly with a correction in global stock markets as participants took a more circumspect view of the weekend’s declaration of a truce between the U.S. and China. EUR-USD climbed back above 1.1300, driven by about two parts Dollar weakness and about one part Euro outperformance,… Read more »

XE Market Analysis: Europe – Jul 02, 2019

The Dollar has traded mixed, posting fresh highs versus the Euro and the Pound, but mostly holding narrow ranges during pre-Europe trading in Asia, holding onto gains following the adjustment in Fed easing expectations. EUR-USD edged out a two-week low at 1.1275, and Cable also saw a two-week nadir, at 1.2626. USD-CAD ebbed into the… Read more »

XE Market Analysis: Asia – Jul 01, 2019

The Dollar bounced in N.Y. trade on Monday, taking the DXY to eight-session highs of 96.82 from pre-open lows of 96.36. The agreed trade truce over the weekend appeared to have lowered expectations for aggressive Fed easing, which supported the USD through the session. Wall Street opened sharply higher, though bled a good chunk of… Read more »

XE Market Analysis: North America – Jul 01, 2019

The Dollar has rotated higher amid a strong post-G20 risk-back-on theme, interpreted by markets as meaning that the Fed is less likely to cut rates aggressively. Many market narratives promoted the view that the latest truce in the U.S.-Chain trade war will at the least kill off any lingering idea that the Fed may cut… Read more »

XE Market Analysis: Europe – Jul 01, 2019

The Dollar has firmed up amid a strong post-G20 risk-on theme ensued, which has been interpreted by markets as meaning that the Fed is less likely to cut rates aggressively, with narratives promoting the view that latest truce in the U.S.-Chain trade war will at the least kill the possibility for the Fed to cut… Read more »

Wellard shares in trading halt

Shares in publicly listed livestock shipper Wellard have been placed in a trading halt on the ASX this morning at the company’s request, pending the release of an announcement…Read More Source: Beef Central Wellard shares in trading halt

XE Market Analysis: Asia – Jun 28, 2019

The Dollar managed modest gains in N.Y. on Friday, though for the most part, remained inside of recent trading ranges. The DXY headed to 96.30 highs, up from morning lows of 96.03. Incoming U.S. data was mixed, with income and spending data firmer, while the Chicago PMI slipped under the 50.0 boom/bust line for the… Read more »

XE Market Analysis: The Currency Market is Tuned into the G20 Meetings in Osaka

OVERVIEW  The US dollar is in negative territory, down 0.15%, as investors avoid heavy bets. The Canadian dollar surged to a five-month high against the greenback on better-than-expected GDP and crude oil prices. Safe-haven currencies and gold prices retreated on profit-taking activities. HIGHLIGHT Source: XE news feed XE Market Analysis: The Currency Market is Tuned… Read more »

XE Market Analysis: North America – Jun 28, 2019

Jostling for position ahead of the Trump-Xi showstopper has mostly characterised trading so far today, while the Euro saw a rotation higher following some perkier-than-expected inflation readings out of the Eurozone. In equity markets, moderate losses were seen in Asian markets, while moderate gains were seen across European bourses. The Yen posted fractional gains against… Read more »

XE Market Analysis: Europe – Jun 28, 2019

Narrow ranges have been prevailing among the dollar majors, with activity crimped by the looming G20 meeting and long-awaited meeting between Presidents Trump and Xi. Stock markets in Asia have traded modestly lower, while in forex markets the Yen posted fractional gains. This saw USD-JPY reverse most of yesterday’s gains in printing a low at… Read more »

XE Market Analysis: Asia – Jun 27, 2019

The DXY edged slightly higher through the N.Y. session on Thursday, taking the index to 96.29 highs from opening lows of 96.15. Wall Street bounced some, though Treasury yields remained soft. Incoming data had Q1 GDP unrevised at 3.1%, while jobless claims were a bit higher than expected. U.S./China trade hopes were dashed some as… Read more »

XE Market Analysis: Canadian Loonie Flexes Muscles Despite Beef with China

OVERVIEW The US dollar made a comeback over reports that trade talks between Washington and Beijing are back on track. The Canadian dollar is ignoring a ban on its meat products by China and is trading firm against the USD on strong oil prices. Safe-haven currencies and gold prices are retracting ahead of the G20 summit. … Read more »

XE Market Analysis: North America – Jun 27, 2019

The Yen dipped and then rebounded some as risk appetite in global stock markets went from risk-on, which dominated in Asia today, before turning risk-off during the European AM session, where market narratives become more circumspect about the prospects for meaningful progress between the U.S. and China at the upcoming G20 summit, which seems entirely… Read more »

XE Market Analysis: Europe – Jun 27, 2019

The Yen continued to weaken as forex and Asian stock markets opted for risk-on positioning ahead of the G20 summit, betting for some progress between the U.S. and China despite justifiable reasons to be wary, given the recent history for disappointment. AUD-JPY has been the biggest mover out of the main dollar pairings and associated… Read more »

XE Market Analysis: Asia – Jun 26, 2019

The dollar was mixed in N.Y. trade, losing ground to the Euro and CAD, while posting gains versus the Yen, and moving largely sideways against the Pound. Soft U.S. durables and a wider goods trade deficit weighed on USD sentiment, though a rebound in Treasury yields, and a modest Wall Street rally supported USD-JPY, taking… Read more »

XE Market Analysis: The US Dollar Rebounds, but Don't Touch that Mouse Button

OVERVIEW The US Treasury Secretary believes a trade deal is close, which pushed the US dollar to a two-day high. The Canadian loonie consolidates against the USD as officials deal with Chinese meat ban. Gold prices retraced from 2019 highs as risk-on sentiment returns. HIGHLIGHT Source: XE news feed XE Market Analysis: The US Dollar Rebounds,… Read more »

XE Market Analysis: North America – Jun 26, 2019

The Dollar has been trading mixed, holding steady against the Euro and Sterling, for instance, while rising about 0.5% against a generally weak Yen, which saw more of its safe-haven premium unwind as stock markets rallied at the prompt of U.S. Treasury Secretary Mnuchin’s assertion that a trade deal with China is 90% complete. USD-JPY… Read more »

XE Market Analysis: Europe – Jun 26, 2019

The Dollar has steadied after rising late yesterday at the prompt of remarks from Fed Bullard who, although a dove by reputation, said that a 50 bp rate cut in July would be “overdone.” This was taken by markets as a walk back of aggressive easing expectations. While giving the dollar a lift, the remarks… Read more »

XE Market Analysis: Asia – Jun 25, 2019

The Dollar was fairly steady, though under some pressure in N.Y. morning trade on Tuesday. Softer U.S. consumer confidence and housing data kept stocks and yields down, weighing on USD sentiment. Late, the DXY rallied to intra day highs following comments from Fed chair Powell, topping at 96.23, and up from N.Y. session lows of… Read more »

XE Market Analysis: Europe – Jun 25, 2019

The Dollar hit fresh lows against the Euro and Yen, among other currencies, with the Treasury market having continued to price in Fed easing. Fed funds futures are fully pricing-in a 25 bp rate cut at the late July FOMC, and are factoring about 40% odds for a 50 bp move then. The market is… Read more »

XE Market Analysis: Asia – Jun 24, 2019

The DXY fell to three-month lows into the N.Y. open on Monday, later recovering to 96.18 before heading lower again. Treasury yields remained under pressure, with the 10-year note rate holding just over the key 2.00% mark. A softer Dallas Fed index weighed on Dollar sentiment as well. EUR-USD briefly topped the 1.1400 mark, before… Read more »

XE Market Analysis:US Dollar Feels the Heat as We Enter the Final Week of June

OVERVIEW The greenback is under selling pressure ahead of this week’s G20 meetings. The Canadian loonie continues to strengthen against the US dollar, backed by higher WTI crude oil prices. Gold prices move north of $1,400 amidst growing tensions between the US and Iran. Source: XE news feed XE Market Analysis:US Dollar Feels the Heat… Read more »

XE Market Analysis: North America – Jun 24, 2019

The Dollar has started the week on a soft footing, which drove EUR-USD to a new three-month high at 1.1395, despite the sub-forecast German Ifo data. EUR-JPY also saw a new 11-day peak, while the common currency has remained buoyant against other currencies. The German Ifo business survey produced a Q2 headline reading of 98.2,… Read more »

XE Market Analysis: Europe – Jun 24, 2019

Both the Dollar and Yen had been softening against most other currencies amid a cautious risk-on sentiment in global markets, underpinned by expectations for more policy accommodation by major central banks and a degree of relief that the U.S. and China have retuned to dialogue ahead of this week’s G20 summit in Japan. Deepening U.S.-Iran… Read more »

XE Market Analysis: Asia – Jun 21, 2019

The Dollar index fell to three-month lows of 96.25 in N.Y. trade on Friday, opening the session near 96.65. Fallout from Wednesday’s dovish FOMC outcome remained a driver, though Treasury yields managed small gains after stronger U.S. housing data. EUR-USD advanced to 1.1368 from early lows near 1.1300. USD-JPY traded to highs over 107.70, later… Read more »

XE Market Analysis: North America – Jun 21, 2019

The Dollar majors have been trading mixed, with the U.S. currency itself consolidating, on net, following a two-day phase of underperformance. EUR-USD lifted out of the intraday low at 1.1283 at the trigger of forecast-beating flash June PMI estimates out of Germany and France, which drove the June flash Eurozone Composite PMI to a seven-month… Read more »

XE Market Analysis: Europe – Jun 21, 2019

USD-JPY fell for a third day and posted a fresh five-month low at 107.04. A combo of ramped-up expectations for Fed rate cuts, coupled with a rekindling risk-off vibe in global markets amid concerns about the escalation in U.S.-Iran tensions, pushed the pairing lower. While Wall Street closed higher yesterday amid the continued glow of… Read more »

XE Market Analysis: Asia – Jun 20, 2019

The Dollar attempted to rally in morning trade, as Wall Street surged on spillover FOMC dovishness and mixed incoming data. The Greenback pulled back later, as stocks faded some,and Treasury yields remains soft, taking the 10-year rate under 2.00%. EUR-USD topped at 1.1315 early, later bottoming at 1.1271, then edging back over 1.1290. USD-JPY peaked… Read more »

XE Market Analysis: The US Dollar Bears the Brunt of Impatient Currency Markets

OVERVIEW The greenback is unable to arrest its broad-based decline after the Fed’s dovish interest rate hold The Canadian loonie jumps higher, fuelled by strong crude oil prices. WTI crude is up by 4.5%, to trade near $56.50 a barrel on growing geopolitical risks. Source: XE news feed XE Market Analysis: The US Dollar Bears… Read more »

XE Market Analysis: North America – Jun 20, 2019

The Dollar extended losses that were ignited by the Fed’s dovish guidance yesterday. The USD index hit an eight-day low at 96.68, extending the decline from pre-Fed announcement levels to comfortably over 0.5%. EUR-USD concurrently posted a high at 1.1306 so far, the loftiest level seen sine June 12. USD-JPY hit a five-month low at… Read more »

XE Market Analysis: Europe – Jun 20, 2019

The Dollar has rotated lower after the Fed span dovish in its guidance following the FOMC meeting. The USD index has dropped by 0.7% from pre-announcement levels to a low at 96.278, seen earlier in the pre-Europe Asian session, while EUR-USD has concurrently rallied by over 0.5% in making a six-day high at 1.1284. The… Read more »

XE Market Analysis: Asia – Jun 19, 2019

FX trade was quiet ahead of the Fed, though the Dollar fell broadly after the FOMC announcement, where rates were left unchanged, as widely expected. The statement said uncertainties have increased, and “the Committee will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion”…. Read more »

XE Market Analysis: North America – Jun 19, 2019

The Dollar has seen moderate softness against the Euro, Yen and Sterling, among other currencies, while holding net steady against the Dollar bloc units, in what has been subdued pre-Fed announcement trading in forex markets. EUR-USD nudged above 1.1200, lifting out of the 16-day low seen yesterday at 1.1181, which was the product the eyebrow-raising… Read more »

XE Market Analysis: Europe – Jun 19, 2019

Narrow ranges have been prevailing among the main currencies, despite Wall Street closing strongly higher, the MSCI Asia-Pacific index hitting five-week highs, the 10-year Bund yield hitting a record low, and a the 10-year U.S. note yield printing a its lowest closing level in 21 months. USD-JPY has drifted moderately lower, to levels around 108.35… Read more »

XE Market Analysis: Asia – Jun 18, 2019

The Dollar headed higher ahead of the N.Y. open on Tuesday, led by EUR-USD losses following dovish comments from ECB’s Draghi. The DXY topped at 97.76 from overnight lows of 97.37. EUR-USD ranged between 1.1183 and 1.1212 through the N.Y. session. USD-JPY was boosted to 108.67 highs from 108.06 following a Trump tweet saying he… Read more »

XE Market Analysis: Currency Markets Wait Patiently for FOMC Decision

OVERVIEW The Dollar Index sits atop a two-week high as the FOMC deliberates its next move USD/CAD is trading north of 1.34 handle ahead of the Canadian inflation report card OPEC meets this week to discuss further output cuts Source: XE news feed XE Market Analysis: Currency Markets Wait Patiently for FOMC Decision

XE Market Analysis: North America – Jun 18, 2019

The Dollar traded firmer by virtue of the Euro taking a tumble amid a mix of soft Eurozone data and dovish remarks from ECB President turn, the Pound taking a hit as it becomes ever more likely that arch Brexiteer Boris Johnson will be the new UK prime minister, and the Australian Dollar taking a… Read more »

XE Market Analysis: Europe – Jun 18, 2019

Sterling has hit fresh lows, and the Yen has remained bid amid a backdrop of continued sputtering in global stock markets. The Pound tumbled to fresh five-month lows against the dollar, Euro and Yen. Cable’s low is 1.2512, with the pair showing a week-on-week decline of more than 1.5%. Markets are continuing to adjust to… Read more »

XE Market Analysis: Asia – Jun 17, 2019

The Dollar was largely rangebound in N.Y. trade on Monday, though came under some selling pressure following a sharply lower Empire State index, and softer housing data. The DXY managed a 97.35 to 97.52 trading band. EUR-USD topped at 1.1247 after the data, later dipping to lows under 1.1220. USD-JPY ranged between 108.72 and 108.53,… Read more »

XE Market Analysis: USD Rallies then Falls Ahead of FOMC Meetings on Wednesday

OVERVIEW Interest rate announcements are on the docket this week from the UK and Japan Fed meetings starting on Wednesday expected to focus on US-China trade and tariffs and setting the groundwork for lowering interest rates. The Bank of England is expected to hold interest rates. even as economic growth weakens and inflation exceeds targets… Read more »

XE Market Analysis: North America – Jun 17, 2019

Trading has been directionally unambitious so far today, with the Dollar consolidating a recent phase of outperformance against other currencies. Stock markets have been narrowly mixed in Europe and Asia, as have S&P 500 futures. The FOMC, BoJ, and BoE all meet this week and though none are expected to change rates, markets will be… Read more »

XE Market Analysis: Europe – Jun 17, 2019

Narrow ranges have been prevailing in quiet early-week trading, with the Dollar consolidating a recent phase of outperformance. Stock markets have been mixed in Asia, while S&P 500 futures are showing modest declines. The FOMC, BoJ, and BoE all meet this week and though none are expected to change rates, markets will be eager to… Read more »

XE Market Analysis: Asia – Jun 14, 2019

The Dollar index climbed to two-week highs in N.Y. trade on Friday, with decent incoming retail sales and industrial production supporting. In addition, pre-weekend safe-haven USD buying was apparent,with traders loading up on the back of geopolitical risk, especially in the Mideast. The DXY rallied to 97.58 highs, after bottoming at 97.08 ahead of the… Read more »

XE Market Analysis: North America – Jun 14, 2019

Both the Dollar and Yen outperformed while the Australian Dollar led the biggest loser list out of the main currencies as a safe-haven theme swept back over global markets. This followed the release of disappointing industrial production data out of China, which fell to a 17-month low growth rate, shining a fresh light on the… Read more »

XE Market Analysis: Europe – Jun 14, 2019

The Australian Dollar continued to weaken amid a backdrop of misfiring equity markets in Asia, led by a decline in the major Chinese indexes ahead of the release of Chinese production and retail sales data (due 07:00 GMT) that are expected to shine a fresh light on the deleterious impact that the trade spat with… Read more »

XE Market Analysis: Asia – Jun 13, 2019

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

XE Market Analysis: North America – Jun 13, 2019

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

XE Market Analysis: Europe – Jun 13, 2019

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

XE Market Analysis: Asia – Jun 12, 2019

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

XE Market Analysis: North America – Jun 12, 2019

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

XE Market Analysis: Europe – Jun 12, 2019

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

XE Market Analysis: Asia – Jun 11, 2019

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

XE Market Analysis: North America – Jun 11, 2019

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

XE Market Analysis: Europe – Jun 11, 2019

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

XE Market Analysis: Asia – Jun 10, 2019

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

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

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

XE Market Analysis: North America – Jun 10, 2019

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

XE Market Analysis: Europe – Jun 10, 2019

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