Category: Financial Markets

Financial markets news from external sources.

XE Market Analysis: Asia – May 10, 2019

The Dollar fell some after the cooler U.S. CPI outcome, taking the DXY to three-week lows of 97.14, from 97.39 into the open, though later recovering some as Wall Street pared early losses. EUR-USD printed highs of 1.1253 before pulling back to 1.1230, while USD-JPY touched 109.47, then rallied to 109.90. USD-CAD fell early on… Read more »

XE Market Analysis: US and China Set Table to Ping Pong Trade Tariffs

OVERVIEW US dollar Index points lower after soft CPI data Canadian loonie strengthens over solid employment data. NYMEX WTI crude oil moves higher adding firmer support to commodity-linked currencies HIGHLIGHT Source: XE news feed XE Market Analysis: US and China Set Table to Ping Pong Trade Tariffs

XE Market Analysis: North America – May 10, 2019

Currency markets have been trading calmly, with the Yen unwinding some of its safe have premium while currencies with higher higher beta characteristics, such as the Dollar bloc and most developing-world units, firmed up. This was seen concurrently with a rise in stock markets in Europe and Asia, led by a 3%-plus surge of the… Read more »

XE Market Analysis: Europe – May 10, 2019

The Dollar majors have remained within their respective Thursday ranges so far, and stock markets in China and most of Asian have risen despite the U.S. having implemented tariff hikes on $200 bln worth of Chinese imports, and threatening more. The reason is that President Trump said that a trade deal with China was still… Read more »

XE Market Analysis: Asia – May 09, 2019

The Dollar index fell to seven-session lows of 97.24 in N.Y. on Thursday, coming from opening highs of 97.63. Incoming data was a bit softer than expected, with core PPI a bit cooler, jobless claims a bit higher, and the trade deficit a bit wider. Focus remained on the risk backdrop, where U.S./China trade spat… Read more »

The Waiting Game: Market watches on US-Sino Trade Talks.

OVERVIEW Investors are switching to safe haven currencies with new tariffs looming GBP/USD trades around 1.30 handle ahead of UK GDP data NYMEX WTI crude oil steadied around $61.50 a barrel, applying pressure on commodity-linked currencies Source: XE news feed The Waiting Game: Market watches on US-Sino Trade Talks.

XE Market Analysis: North America – May 09, 2019

A risk-off theme dominated after President Trump repeated yesterday evening at a rally that China “broke the deal” and would pay for it, which saw safe-haven demand drive the Yen to fresh highs against the Dollar and many other currencies. China’s bellwether CSI 300 equity index finished 1.9% for the worse, extending the weekly decline… Read more »

XE Market Analysis: Europe – May 09, 2019

The Yen continued to rally as risk aversion coursed through global markets. President Trump repeated that China “broke the deal” and would pay for it, with the U.S. set to raise tariffs to 25% from 10% on $200 billion worth of Chinese imports at 12:01 A.M. ET on Friday. China has threatened to retaliate, though… Read more »

XE Market Analysis: Asia – May 08, 2019

The Dollar firmed up slightly in N.Y. trade on Wednesday, though trade was quiet overall. The DXY edged up to 97.68 highs from lows of 97.46. Reports that China is ready to make a trade deal with the U.S.as negotiations continue in Washington on Thursday and Friday, helped Wall Street bounce some, though uncertainty over… Read more »

XE Market Analysis: North America – May 08, 2019

The Dollar has remained on a softer tack, reflected by the narrow trade-weighted USD index posting a one-week low at 97.39. The index is now down about 1% from the two-year high seen on April 26. The follows Wall Street’s worst day in two months as markets continued to digest looming tariff hikes on imported… Read more »

XE Market Analysis: Europe – May 08, 2019

The Dollar has traded softer, reflected by the narrow trade-weighted USD index posting a one-week low at 97.39. The index is now down about 1% from the two-year high seen on April 26. The follows Wall Street’s worst day in two months, with the S&P 500 closing 1.7% for the worse, as markets continued to… Read more »

XE Market Analysis: Asia – May 07, 2019

The Dollar moved higher in N.Y. trade on Tuesday, taking the DXY to 97.74 highs from opening lows near 97.55. Safe-haven flows into the USD were behind the modest gains, as U.S./China trade concerns remained front and center, as Wall Street tumbled, and Treasury yields headed lower. EUR-USD slipped under 1.1170 from near 1.1200 at… Read more »

XE Market Analysis: North America – May 07, 2019

The Dollar picked up demand after seeing fresh lows against a number of currencies. The narrow trade-weighted USD index was near net unchanged, at 97.53, heading into the New York interbank open having earlier printed a six-day low at 97.39. EUR-USD concurrently sank back under 1.1200 after earlier pegging a three-session high at 1.1218. … Read more »

XE Market Analysis: Europe – May 07, 2019

The Australian Dollar rallied strongly after the RBA refrained from cutting interest rates, instead leaving the cash rate at 1.50% following its policy review today. There had been speculation for the central bank to cut by 25 bp following unexpectedly soft Q1 CPI data, though the proximity of the May-18 federal election looks to have… Read more »

XE Market Analysis: Asia – May 06, 2019

The Dollar attempted to rally early in the session, though later headed to intra day lows. The DXY fell from 97.70 to 97.47. Trade was nervous in light of the new U.S. tariff threat on China imports, seeing Treasury yields fall along with Wall Street. EUR-USD rallied over 1.1205 from 1.1280 early lows. USD-JPY moved… Read more »

The Greenback Keeps a Positive Tone Despite New Trade Tariff Threats

OVERVIEW  The Dollar Index is up 0.2% on  a light economic calendar EUR/USD is searching for a new direction, consolidating around the symbolic 1.12 level NYMEX WTI crude oil bounced off the $60 a barrel mark but remains under pressure Source: XE news feed The Greenback Keeps a Positive Tone Despite New Trade Tariff… Read more »

XE Market Analysis: North America – May 06, 2019

A risk-off theme took a grip in markets, which underpinned the Yen. Conditions were thin with London markets closed for a UK public holiday. The Japanese currency rotated higher during the Tokyo session as stock markets tumbled after President Trump twittered-threatened China that the U.S. could hike tariffs on $200 bln worth of Chinese goods… Read more »

XE Market Analysis: Europe – May 06, 2019

The Yen rotated higher as a risk-off sentiment prevailed in early-week trading after President Trump twittered-threatened China that the U.S. will high tariffs on $200 bln worth of Chinese goods this week and target hundreds of billions more soon. This sent stock markets tumbling, led by a 5.8% rout of China’s CSI 300 index. S&P… Read more »

XE Market Analysis: Asia – May 03, 2019

The Dollar turned briefly higher in N.Y. on Friday, taking a knee-jerk jump higher following the much better non-farm payrolls print. A miss in hourly earnings and average earnings however, saw yields pull back, and the Greenback correct lower as well. In addition, a drop in the services ISM weighed on the USD. The DXY… Read more »

XE Market Analysis: US Dollar Gallops Higher on the Back of another Solid Job Report

OVERVIEW The US Dollar Index moved higher after non-farm payroll data (263,000 jobs created) exceeded market expectations of 181,000 The Euro dropped below the key 1.12 rate as the euro bloc coming to a stall NYMEX WTI crude oil resumes its slump, approaching key $60 a barrel Source: XE news feed XE Market Analysis: US Dollar Gallops Higher… Read more »

XE Market Analysis: North America – May 03, 2019

The Dollar has remained underpinned amid expectations for a solid U.S. April employment report later today, while the Australian and New Zealand Dollars underperformed as markets anticipate that both the RBA and RBNZ will cut interest rates at their respective May policy meetings next week. The Euro, meanwhile, posted fresh lows against a number of… Read more »

XE Market Analysis: Europe – May 03, 2019

The Dollar has remained underpinned amid expectations for a solid U.S. April employment report later today, while the Australian and New Zealand Dollars underperformed as market anticipate that both the RBA and RBNZ will cut interest rates at their respective May policy meetings next week. The Euro, meanwhile, also remained a target of dollar bulls,… Read more »

XE Market Analysis: Asia – May 02, 2019

The Dollar rallied modestly in N.Y. on Thursday, with fallout from Fed chair Powell’s “transitory” inflation comment on Wednesday supporting Treasury yields and the Greenback. The DXY made its way to 97/85 highs from opening levels of 97.59. Incoming data were mildly supportive, with jobless claims a bit higher than expected, while Q1 productivity was… Read more »

XE Market Analysis: North America – May 02, 2019

The Dollar has consolidated after rallying late yesterday on the back of Fed Chairman’s hawkishly interpreted remarks, where, to recap, he cited possible transitory factors behind the current lower than trend inflation while adding that global growth and Brexit risks have dissipated. EUR-USD consolidated lower, near 1.1200, following the dive from yesterday’s post-Fed statement high… Read more »

XE Market Analysis: Europe – May 02, 2019

The Dollar saw a rotation higher after initially dipping on a dovishly interpreted FOMC statement, picking up after Fed Chairman Powell cited possible transitory factors behind the current lower than trend inflation. Powell also said global growth and Brexit risks have dissipated. EUR-USD fell from a post-Fed statement high of 1.1264 to a post-Powell low… Read more »

XE Market Analysis: Asia – May 01, 2019

The Dollar ended higher in N.Y., but lost ground ahead of the FOMC on the back of softer manufacturing ISM and construction spending data. The Greenback did not get much of a bounce from the better ADP jobs report, as traders played defense ahead of the Fed. After the FOMC announcement, the Dollar chopped around… Read more »

XE Market Analysis: North America – May 01, 2019

The Dollar has continued to soften in thin markets today, with many centres in Asia and Europe out for the Labour Day holiday. EUR-USD lifted to an eight-day high at 1.1239, marking the fourth consecutive up day, extending the rebound from the 23-month low seen last Friday at 1.1111. Firmer than expected data out of… Read more »

XE Market Analysis: Europe – May 01, 2019

The Dollar majors have been plying narrow ranges so far today, with volumes low amid Labour Day holidays, which has closed China and Hong Kong, along with Singapore and others, while Japan has remained out for its week-long Golden Week hiatus. All the the main dollar pairings and associated cross rates that we keep tabs… Read more »

XE Market Analysis: Asia – Apr 30, 2019

The Dollar dropped in N.Y. on Tuesday, taking the DXY to six-session lows of 97.44 from 97.65 at mid-morning. Risk-off conditions were in effect, and yields slipped some. Recent U.S. price data have been soft, which along with prospects for a dovish FOMC on Wednesday, may be behind the Greenback’s recent soft patch. Incoming data… Read more »

XE Market Analysis: North America – Apr 30, 2019

The Dollar has come under pressure, led by broad Euro gains following a set of bullish data leads out of the Eurozone, along with USD-JPY declines as the Yen picked up safe haven demand as stock markets in Europe and Asia sputtered. Disappointing manufacturing PMI data out of China, along with earning misses from Samsung… Read more »

XE Market Analysis: Europe – Apr 30, 2019

A risk-off theme has taken a hold, which has driven AUD-JPY, a forex market proxy on risk appetite in global markets, 0.5% lower as AUD-USD sank to a two-session low at 0.7034 and USD-JPY to a three-week low at 111.35. Stock markets across Asia have continued to sputter today, this time following disappointing manufacturing PMI… Read more »

XE Market Analysis: Asia – Apr 29, 2019

The Dollar headed lower again in N.Y. on Monday, weighed down partly by cooler PCE chain prices, and partly by continued profit taking following the near two-year highs seen last week. Income data was a bit soft, though spending beat consensus. The DXY slipped under 97.85 from 98.10 highs. EUR-USD topped at 1.1186 opening near… Read more »

XE Market Analysis: The Currency Market is Heading into a Significant Week

OVERVIEW The Greenback is trading flat ahead of FOMC and employment data The British Pound waits on a signal from the Bank of England and tedious Brexit negotiations WTI crude oil continues its southbound move, losing 0.75% this morning Source: XE news feed XE Market Analysis: The Currency Market is Heading into a Significant… Read more »

XE Market Analysis: North America – Apr 29, 2019

The Dollar has traded softer so far today, though magnitude of movement has been limited. The Yen also weakened against most currencies, with USD-JPY holding steady in the mid-to-upper 111.0s. Volumes have been thin in the absence of Tokyos, which will remain closed for the remainder of the week for Japan’s Golden Week holidays. EUR-USD… Read more »

XE Market Analysis: Europe – Apr 29, 2019

The Dollar bloc currencies have posted gains in the wake of the strong 3.2% y/y U.S. Q1 GDP figure on Friday, which was added to today by a rise in March Chinese industrial profits after a four consecutive months of contraction. S&P 500 and NASDAQ hit fresh record highs on Wall Street on Friday, and… Read more »

XE Market Analysis: Asia – Apr 26, 2019

The Dollar rallied momentarily following the stronger U.S. Q1 GDP report, though quickly turned lower, as the sharp gains were largely to do with inventory and trade figures, which bumped up growth, likely to be reversed in Q2. In addition, the price index fell sharply, weighing on Treasury yields, and the Greenback. EUR-USD bottomed at… Read more »

XE Market Analysis: US Dollar Fuelled by Better-than-Expected Q1 GDP

OVERVIEW Q1 GDP increased by 3.2% according to advanced estimates EUR/USD consolidating near recent lows waiting for Spanish elections WTI crude oil loses 1.70% to slide to $64.10 a barrel   Source: XE news feed XE Market Analysis: US Dollar Fuelled by Better-than-Expected Q1 GDP

XE Market Analysis: North America – Apr 26, 2019

The Dollar has mostly consolidated recent gains in narrow ranges as markets anticipate U.S. GDP data later. The Australian dollar, which has underperformed the other main currencies this week, staged a partial recoupment of ground lost this week, with AUD-USD and AUD-JPY leading the way with gains of 0.3-.4%. Both the pair and the cross… Read more »

XE Market Analysis: Europe – Apr 26, 2019

The Dollar majors have been plying narrow ranges so far today, with both the Dollar and Yen consolidating of their respective gains seen against most other currencies this week. The U.S. currency has been buoyed by relatively good data, including yesterday’s much stronger than expected 2.7% rise in durable orders data, and with markets expecting… Read more »

XE Market Analysis: Asia – Apr 25, 2019

The Dollar retreated from near two-year highs in N.Y. on Thursday, getting a nudge to highs early following a stronger U.S. durable orders report. Gains were short lived however, as the market apparently decided to use the fresh high as a reason to book profits. The DXY fell from 98.32 to 98.03 lows by late… Read more »

XE Market Analysis: G10 Currencies Racing to the Bottom Against Strong US Dollar

OVERVIEW The Dollar Index is trading at its highest level since April of 2017 EUR/USD slides lower on soft data and growing economic uncertainty WTI crude oil settles near six-month high as the market continues to rebalance Source: XE news feed XE Market Analysis: G10 Currencies Racing to the Bottom Against Strong US Dollar

XE Market Analysis: North America – Apr 25, 2019

The Dollar and Yen have rallied against most other currencies, with the latter outperforming as stock markets in Europe and Asia sputtered, driving USD-JPY back under 112.00 and down from the four-month peak seen at 112.40 late yesterday. The biggest movers were EUR-JPY, GBP-JPY and AUD-JPY, which were all registering between 0.4% and 0.5% declines… Read more »

XE Market Analysis: Europe – Apr 25, 2019

The Dollar has consolidated after running higher yesterday. The narrow trade-weighted USD index settled under the 22-month high printed at 98.19, while EUR-USD concurrently settled around 1.1150, above the 22-month low seen yesterday at 1.1140.USD-JPY retreated back under 112.0 after yesterday running to a four-month high at 112.40. The peak was product of broad run… Read more »

XE Market Analysis: Asia – Apr 24, 2019

The Dollar index vaulted to near two-year highs in N.Y. on Wednesday, taking the DXY over the 98.00 mark for the first time since mid-May of 2017. Cool Australia CPI, weak German Ifo data, and a dovish tilting BoC all contributed to the Greenback’s strength. There was no data today, and Wall Street took a… Read more »

XE Market Analysis: North America – Apr 24, 2019

The Dollar has remained buoyant, posting a new two-month high versus the Pound, a seven-week peak against the Canadian Dollar, and a six-week high in the case against the Australian Dollar, which dove 1% against most currencies following weaker than expected CPI data out of Australia, which catalysed expectations for the RBA to cut interest… Read more »

XE Market Analysis: Europe – Apr 24, 2019

The Dollar is trading at modestly lower levels relative to the London interbank close last Thursday, which marked the close of liquid forex trading last week. Markets will be returning to full force today following the Easter holiday period. EUR-USD has settled near 1.1250, up from the two-week low seen last Thursday at 1.1226, which… Read more »

XE Market Analysis: Asia – Apr 23, 2019

The Dollar was higher in N.Y. on Tuesday, taking the DXY to a 22-month top of 97.78. Incoming U.S. data was mixed, though the firmer new home sales print helped the Greenback overall. Risk-on conditions following better U.S. earnings reports also supported, and took the S&P 500 above all-time closing highs. EUR-USD fell to 1.1193… Read more »

XE Market Analysis: Europe – Apr 23, 2019

The Dollar is trading at modestly lower levels relative to the London interbank close last Thursday, which marked the close of liquid forex trading last week. Markets will be returning to full force today following the Easter holiday period. EUR-USD has settled near 1.1250, up from the two-week low seen last Thursday at 1.1226, which… Read more »

XE Market Analysis: Asia – Apr 22, 2019

The Dollar index lost modest ground in very light trade in N.Y. on Monday. Europe remained on holiday for the Easter break, contributing to the sluggish session. The DXY slipped marginally to 97.27 from 96.36 early in the session. Incoming data was light, and featured March existing home sales, which were softer than expected. EUR-USD… Read more »

XE Market Analysis: Asia – Apr 18, 2019

The Dollar firmed in N.Y. trade on Thursday, taking the DXY to two-week highs of 97.48. Strong retail sales and trend low jobless claims supported the Greenback, following weaker EU PMI figures ahead of the open, which weighed on the Euro. EUR-USD touched 1.1227 lows, levels last seen on April 8. USD-JPY was supported by… Read more »

XE Market Analysis: The Euro Slumps to Six-Day Lows on Economic Outlook

OVERVIEW The US dollar is closing the week strongly, up 0.3% against other major currencies EUR/USD cracked below the 1.13 handle as exports contract WTI crude oil steadied at $64.50 Source: XE news feed XE Market Analysis: The Euro Slumps to Six-Day Lows on Economic Outlook

XE Market Analysis: Europe – Apr 18, 2019

The Dollar majors have continued to ply narrow ranges, with EUR-USD continuing to orbit the 1.1300 level. USD-JPY has managed to grind slightly lower, matching Tuesday’s low at 111.84, though not surpassing it thus far. EUR-JPY and some other Yen crosses were also modestly lower. The price came with the MSCI Asia-Pacific (ex-Japan) equity index… Read more »

XE Market Analysis: North America – Apr 18, 2019

The Dollar has traded generally firmer, led by a sharp drop in EUR-USD following sub-forecast data out fo the Eurozone. EUR-USD broke out of its recent narrow orbit of 1.1300 and tumbled over 50 pips in printing an eight-day low low at 1.1243. The preliminary Eurozone April composite PMI dipped to 51.3, down from 51.6… Read more »

XE Market Analysis: Asia – Apr 17, 2019

The Greenback rose modestly during the N.Y. session on Thursday, resulting in the DXY advancing to 97.04 from 96.89 lows. The February trade deficit was narrower than expected, and provided some support to the USD. The Dollar largely ignored the Fed’s Beige book, which revealed little concerning the economic outlook, and overall remains near session… Read more »

XE Market Analysis: Commodity Currencies Gain on Strong Chinese Data

OVERVIEW The US dollar is trading lower as risk-on sentiment returns following strong Chinese GDP numbers EUR/USD is still hugging the 1.13 handle, waiting for clear direction WTI crude oil resumes its recent rally, up by 0.2% to trade $64.50 Source: XE news feed XE Market Analysis: Commodity Currencies Gain on Strong Chinese Data

XE Market Analysis: North America – Apr 17, 2019

The Dollar has traded mixed amid a variety of cross-currents. One theme was Euro outperformance, which saw EUR-USD match, although not surpass, last Friday’s three-week high at 1.1323, while EUR-JPY printed a six-week high at 126.80 and EUR-GBP a four-week peak, at 0.8681. EUR-CHF has also continued a recovery from the eight-month low seen in… Read more »

XE Market Analysis: Europe – Apr 17, 2019

The Dollar majors have continued without much directional bias, though the Australian and Canadian Dollars posted moderate gains while the Kiwi buck came under pressure following sub-forecast CPI data out of New Zealand. NZD-USD printed a three-month low at 0.6667 before recouping back above 0.6700, rising on the coattails of gains in the Aussie dollar… Read more »

XE Market Analysis: Asia – Apr 16, 2019

Dollar bulls took the upper hand in N.Y. trade on Tuesday, taking the DXY to highs of the week at 97.09 from opening low of 96.89. U.S. industrial production was softer than forecasts, though had little impact on the risk backdrop, as strong earnings reports lifted stocks and Treasury yields. EUR-USD peaked at 1.1310 at… Read more »

XE Market Analysis: Currency Markets Await Chinese Economic Data Announcements

OVERVIEW The US dollar is trading within familiar ranges against other major currencies AUD rebounds 0.5% following the release of dovish minutes from the RBA WTI crude oil oscillates around $63.50, and gold is sliding lower, cracking below the $1,300 level. Source: XE news feed XE Market Analysis: Currency Markets Await Chinese Economic Data… Read more »

XE Market Analysis: North America – Apr 16, 2019

The Dollar has traded mostly firmer so far today. The biggest movement has been against the Australian Dollar, after the minutes to the early April RBA meeting showed that a rate cut had been discussed. AUD-USD dropped over 0.5% in making a two-session low at 0.7140. EUR-USD has also been a mover, with the pairing… Read more »

XE Market Analysis: Europe – Apr 16, 2019

The main currencies have continued to see little directional bias for the most part, which has been seen against backdrop of buoyant global stock markets. The narrow trade-weighted USD index is near flat on the day so far, at 96.92, continuing a consolidation of declines seen last week. In equity markets, while the main U.S…. Read more »

XE Market Analysis: Asia – Apr 15, 2019

The Dollar bounced from overnight lows, taking the DXY to 96.95 from 96.80 lows at the open. Major Dollar pairings were range bound, though overall supported by a better Empire State index, and by some save-haven USD buying on the back of largely risk-off conditions. EUR-USD dipped briefly under 1.1300, then steadied just over the… Read more »

XE Market Analysis: Currency Markets Tee off A Short Week with Caution

OVERVIEW The Dollar Index is trading flat against the major currencies GBP is the strongest currency today as the market continues to price in a breakthrough WTI crude oil steadies near $63.50, after reaching its highest level for the year. Source: XE news feed XE Market Analysis: Currency Markets Tee off A Short Week with… Read more »

XE Market Analysis: North America – Apr 15, 2019

The Dollar has been plying narrow ranges so far against a backdrop of moderately bullish equity markets, in Asia and Europe, and rising sovereign bond yields. EUR-USD has been narrowly orbiting the 1.1300 level, consolidating recent gains from the six-week low at 1.1183, seen on April 2. Source: XE news feed XE Market Analysis:… Read more »

XE Market Analysis: Europe – Apr 15, 2019

The Dollar majors have been trading in narrow ranges so far against a backdrop of moderately bullish Asian equity markets and rising sovereign bond yields. EUR-USD has been narrowly orbiting the 1.1300 level, consolidating recent gains from the six-week low at 1.1183, seen on April 2. Source: XE news feed XE Market Analysis: Europe… Read more »

XE Market Analysis: Asia – Apr 12, 2019

The Dollar pulled back in N.Y. trade on Friday, weighed down by risk-on conditions, which came following improved China loan and trade data. The DXY fell to 96.75 lows from overnight highs of 97.19. Wall Street extended gains, while Treasury yields rose as well. EUR-USD rallied to near three-week highs of 1.1323, but slipped back… Read more »

XE Market Analysis: North America – Apr 12, 2019

Both the Dollar and Yen have been notably underperforming most other currencies so far today, which has come against a backdrop of reviving risk appetite following strong import data out of China. In the mix was a strong bid for EUR-JPY at the Tokyo fix today, which drove the Euro generally higher while leading to… Read more »

XE Market Analysis: Europe – Apr 12, 2019

A strong bid for EUR-JPY was seen at and after the Tokyo fixing today, which drove the Euro generally higher while leading to Yen underperformance. Interbank market narratives pointed Japan’s Mitsubishi UFJ Financial Group’s purchase of aviation financing business of Germany’s DZ Bank as being behind the demand. EUR-JPY rose over 0.5% in making a… Read more »

XE Market Analysis: Asia – Apr 11, 2019

The Dollar moved higher in N.Y. on Thursday after the hotter U.S. PPI and near 50-year low jobless claims print. The DXY rallied to 97.15 from 96.90 lows. EUR-USD dipped to 1.1250 from pre-open highs over 1.1280. USD-JPY headed to 111.63 highs from .111.10, while USD-CAD topped at 1.3395 from 1.3350 as oil prices corrected… Read more »

XE Market Analysis: The Pound Gets More Playtime inside the Brexit Labyrinth

OVERVIEW The greenback is trading broadly higher against major currencies on the back strong employment pointers Sterling is showing little reaction after the EU agreed to a flexible extension of the Brexit clock WTI crude oil is unable to push above $65 per barrel and is losing momentum dragging commodity-linked currencies lower Source: XE… Read more »

XE Market Analysis: North America – Apr 11, 2019

The Dollar majors have mostly been trading with little directional bias. USD-CAD has been an exception, trading over 0.3% higher to a three-day peak at 1.3360, in a move which concomitant with 1%-odd correction in oil prices. EUR-USD, meanwhile, has been plying a narrow range in the upper 1.1200s, matching yesterday’s 12-day high at 1.1287… Read more »

XE Market Analysis: Europe – Apr 11, 2019

The forex markets have been lacking a directional theme so far today. EUR-USD has been plying a narrow range in the upper 1.1200s, holding below yesterday’s 12-day high at 1.1287. USD-JPY has settled near 111.0, above the 12-day low of yesterday, at 110.84. The Pound has settled lower after rallying late yesterday on news that… Read more »

XE Market Analysis: Asia – Apr 10, 2019

The Dollar bounced slightly following the FOMC minutes, which saw the majority of the committee leaving rates on hold for the remainder of 2019, but some seeing scope for a hike later this year should incoming data warrant. USD-JPY bumped up toward 111.00 from 110.85, as EUR-USD dipped to 1.1265 from 1.1275. Earlier in the… Read more »

XE Market Analysis: Déjà vu: Global Trade Frictions Rear Their Heads Again

OVERVIEW The greenback moves into positive territory after ECB keeps rates unchanged. Investors and the British Pound are patiently waiting for the outcome of the EU Summit WTI crude oil prices resume their ascent, eyeing $65 a barrel, up 41% since the beginning of 2019. Source: XE news feed XE Market Analysis: Déjà vu: Global… Read more »

XE Market Analysis: North America – Apr 10, 2019

The main currency pairings have continued to ply narrow ranges for the most part, though AUD-USD managed to eke out a three-week high at 0.7157, surpassing yesterday’s peak by 5 pips. The move in the Aussie was sparked by upbeat remarks from RBA’s Debelle. Elsewhere, EUR-USD lifted modestly but remained below yesterday’s two-week high at… Read more »

XE Market Analysis: Europe – Apr 10, 2019

Forex markets have remained directionally unambitious. AUD-USD has been the main exception, with the pairing lifting by about 40 pips to within a whisker of the three-week seen yesterday at 0.7152. The move was sparked by remarks from RBA’s Debelle, who was upbeat about the labour market. Elsewhere, EUR-USD settled in the mid 1.1200s, down… Read more »

XE Market Analysis: Asia – Apr 09, 2019

The Dollar index fell to near two-week lows of 96.86 early in the N.Y. session on Tuesday, later recovering some ground, taking the DXY to 97.04 highs. Fresh trade fears, following Trump threats to tariff European goods brought safe-haven Dollar buying to bear, lifting the unit from its lows. EUR-USD topped over 1.1280, later falling… Read more »

XE Market Analysis: US Dollar is Limping Towards a T-Junction

OVERVIEW The DXY Index is sliding lower, down 0.15% as global sentiment turns bearish on the USD  GBP/USD is trading on optimistic sentiment of a Brexit breakthrough and trading higher ahead of GDP figure WTI crude oil steadies near 2019 high, after strengthening 7.5% month to date Source: XE news feed XE Market Analysis:… Read more »

XE Market Analysis: North America – Apr 09, 2019

The Dollar has been trading with a softening tilt. Sterling has been volatile on the back of Brexit-related news noise today, rallying quite sharply before falling back quite sharply. The drop came after EU’s chief negotiator Barnier dismissed an unconfirmed report that Germany’s Merkel was open to time-limiting the Irish backstop (which guarantees that an… Read more »

XE Market Analysis: Europe – Apr 09, 2019

Narrow ranges have continued to prevail among the dollar majors for the most part, though the Yen, along with the Australian and Canadian Dollars as saw some modest gains. USD-CAD in particular has rotated lows concomitantly with new trend highs in oil prices. Front-month WTI crude prices printed a five-month high at $64.76. Military tension… Read more »

XE Market Analysis: Asia – Apr 08, 2019

The Dollar was somewhat softer in N.Y. on Monday, seeing the DXY pullback to 96.99 lows from 97.20. Activity was fairly light overall, with risk taking levels a bit under water through the day. Factory orders were in-line with expectations, and had little impact on the USD. EUR-USD rallied to 1.1274 from 1.1245, while USD-JPY… Read more »

XE Market Analysis: The Currency Market Keeps Calm Ahead of Key Event Risks

The OVERVIEW The US dollar is trading with a weaker tone across the board, with DXY down 0.35% GBP/USD is waiting near a three-day low with market waiting for a reply letter from the EU  Source: XE news feed XE Market Analysis: The Currency Market Keeps Calm Ahead of Key Event Risks

XE Market Analysis: North America – Apr 08, 2019

The Dollar majors has been trading with little direction. Modest Yen strength was a theme during the Tokyo session, with the Japanese currency lifting by between 0.2% and 0.3% concurrently with a turn lower in Asian stock markets. This drove USD-JPY and AUD-JPY to respective six-day lows at 111.35 and 78.96 and EUR-JPY to a… Read more »

XE Market Analysis: Europe – Apr 08, 2019

Narrow ranges have been prevailing so far among the main dollar pairings an associated crosses. Modest Yen strength was the main directional theme, with the Japanese currency rotating between 0.2% and 0.3% higher concurrently with a turn lower in Asian stock markets. This drove USD-JPY and AUD-JPY to respective six-day lows at 111.35 and 78.96… Read more »

XE Market Analysis: Asia – Apr 05, 2019

The Dollar index bounced to near highs of the week after the March U.S. jobs report, which was a bit mixed, with NFP printing higher than expected, though earnings missed the mark. The DXY rallied from 97.28 lows to 97.46. Wall Street rallied modestly, as U.S.-China trade negotiation are set to continue through the weekend…. Read more »

XE Market Analysis: North America – Apr 05, 2019

Currency market participants have for the most part been directional unambitious ahead of the U.S. employment report, which, as always, brings potential to upside the apple cart of global market sentiment. EUR-USD has hunkered down in the lower 1.1200s, consolidating a three-week bear phase that left a one-month low on Tuesday at 1.1183. USD-JPY settled… Read more »

XE Market Analysis: Europe – Apr 05, 2019

A firmer Pound and a softer Yen have been the main themes in otherwise directionally subdued trading in the main currencies so far today. Cable recouped above 1.3100, while EUR-GBP has ebbed back some after rallying yesterday. Source: XE news feed XE Market Analysis: Europe – Apr 05, 2019

XE Market Analysis: Asia – Apr 04, 2019

The Dollar was fairly steady at slightly elevated levels through the N.Y. session on Thursday. Weekly jobless claims, which came in a 40+ year lows provided some early support, though overall, the market looked to be somewhat sidelined ahead of the key March U.S. jobs report on Friday. EUR-USD bottomed at 1.1206 then steadied near… Read more »

XE Market Analysis: Pause. Rewind. Replay. Brexit Saga Sounds like A Broken Record.

OVERVIEW The US dollar trading broadly higher ahead of key NFP employment data.  GBP/USD remains volatile as the House of Commons prepares to vote again. WTI steadies near six-month high with a barrel now trading $62.75. HIGHLIGHT Source: XE news feed XE Market Analysis: Pause. Rewind. Replay. Brexit Saga Sounds like A Broken Record.

XE Market Analysis: North America – Apr 04, 2019

Narrow ranges have been prevailing among the main Dollar pairings and associated cross rates, while global equity markets have sputtered and oil prices have pulled back from the five-month highs that were seen yesterday. German February manufacturing orders unexpectedly slumped 4.2% m/m in February, which, while putting a little weighted on the bearish end of… Read more »

XE Market Analysis: Europe – Apr 04, 2019

The Dollar majors have been trading mixed so far today. USD-JPY has traded a less than 20-pip range so far today, centred on 111.40-45. EUR-JPY and most other Yen crosses have also been directionally dormant, though AUD-JPY managed to edge out a one-month high at 79.46, buoyed by a generally finer Australian Dollar. AUD-USD concurrently… Read more »

XE Market Analysis: Asia – Apr 03, 2019

The Dollar pulled back from Tuesday’s near one-month high during the European morning session, before bouncing slightly in N.Y. trade. The DXY ranged between 97.17 and 97.00 through the session. Hopes for progress in U.S.-China trade talks took some safe-haven demand away from the USD. EUR-USD traded to 1.1249 highs from 1.1225, while USD-JPY dipped… Read more »