Category: Financial Markets

Financial markets news from external sources.

XE Market Analysis: North America – Nov 14, 2019

Both the dollar and yen have seen fresh highs against a range of currencies, while the Australian dollar came under particular pressure following weak data out of Australia and China. The euro also posted fresh lows against most other currencies. All this came against a backdrop of sputtering global stock markets. The biggest movement among… Read more »

XE Market Analysis: Europe – Nov 14, 2019

Both the dollar and yen have continued to hold firm against most other currencies amid a backdrop of sputtering global stock markets. The Australian dollar dove following the release of Australia’s October employment report, which showed the unemployment rate ticking higher, to 5.3% from 5.2%. China’s industrial production growth also slowed sharply in October, to… Read more »

XE Market Analysis: Asia – Nov 13, 2019

The Dollar index posted fresh trend highs of 98.45 ahead of the N.Y. open on Wednesday, though settled inside a narrow range through the day. A slightly warmer CPI outcome had little impact on the USD, while a fall in Treasury yields as risk conditions faded, and a benign Powell speech weighed slightly on the… Read more »

XE Market Analysis: North America – Nov 13, 2019

The dollar has been putting in a mixed performance so far today posting fresh highs versus the euro and Canadian dollar while losing ground to the yen and Swiss franc, which outperformed most other currencies on a safe-haven bid amid wobbling global stock markets, and the New Zealand dollar, which surged by over 1% after… Read more »

XE Market Analysis: Europe – Nov 13, 2019

The New Zealand dollar surged by over 1% against the dollar and other currencies after the RBNZ surprised markets by refraining from cutting interest rates following its policy meeting today. NZ money market futures had been implying odds of 75% for the central bank to cut the benchmark rate to a new record low of… Read more »

XE Market Analysis: Asia – Nov 12, 2019

The DXY printed near one-month highs of 98.42 in morning N.Y. trade on Tuesday, later fading to 98.27 lows. There was no data to drive the FX market, though as Treasury yields pulled back some, the Dollar turned slightly lower. EUR-USD managed to print fresh trend lows of 1.1003, while USD-JPY was range bound over… Read more »

XE Market Analysis: North America – Nov 12, 2019

The dollar has firmed back some after declining moderately yesterday, which followed a phase of rising against most of the other main currencies (which started at the release of the unexpectedly robust October U.S. payrolls report). The narrow trade-weighted USD index (DXY) was a pip off the day’s high at 98.35 heading into the New… Read more »

XE Market Analysis: Europe – Nov 12, 2019

The yen took a rotation lower during pre-Europe trading in Asia as stock markets steadied after wobbling yesterday. A report in Politico saying that EU officials are expecting President Trump to confirm that he will delay hiking tariffs on EU cars and auto part imports for another six months, according to an EU source, gave… Read more »

XE Market Analysis: Asia – Nov 11, 2019

The dollar weakened on Monday, while the pound and yen outperformed on Brexit related news and on a sage-haven bid, respectively. The Australian dollar was also among the day’s underperformers. Wall Street corrected after posting record highs on Friday, and most equity markets across the world turned lower. President Trump said on Saturday that the… Read more »

XE Market Analysis: North America – Nov 11, 2019

The dollar has been trading with a softening bias so far in early week trading, correcting after posting gains against most other currencies last week. The narrow trade-weighhted USD index (DXY) has retraced over half of the gain it saw on Friday in making a low at 98.23. The index on Friday logged a 26-day… Read more »

XE Market Analysis: Europe – Nov 11, 2019

The yen has firmed up as risk aversion took a grip on markets in Asia as protests and the police response went next level amid reports that one protestor had been shot and killed. President Trump also said on Saturday that while trade talks with China were moving along “very nicely,” the U.S. would only… Read more »

XE Market Analysis: Asia – Nov 08, 2019

The DXY printed near four-week highs of 98.40 in N.Y. trade on Friday. There was little reaction to slightly softer than expected consumer sentiment numbers, and weaker wholesale data. The Dollar made gains against most major currencies, with the Yen the exception, which rallied modestly on a downturn in risk taking levels that were seen… Read more »

XE Market Analysis: North America – Nov 08, 2019

The dollar nudged higher during the late London morning session, while the yen also posted moderate gains against most currencies against a backdrop of sputtering stock markets in Europe. The narrow trade-weighted USD index (DXY) lifted to a 23-day high of 98.32 while EUR-USD concomitantly ebbed to a 23-day low, at 1.1026. The biggest mover… Read more »

XE Market Analysis: Europe – Nov 08, 2019

Narrow ranges have been seen so far today among the main currencies, which comes with a degree of uncertainty creeping back in with regard to the prospects of a “phase 1” trade deal being reached between the U.S. and China. There are reports of fierce internal opposition among members of the Trump administration, while there… Read more »

XE Market Analysis: Asia – Nov 07, 2019

The DXY rallied to better than three-week highs in N.Y. on Thursday, heading from pre-open lows of 97.82, to a mid-day peak of 98.23. Progress on the trade war front was a driver, as both the U.S. and China apparently agreed to roll-back tariffs over a yet unspecified period of time. Wall Street rallied to… Read more »

XE Market Analysis: North America – Nov 07, 2019

A burst of risk-on positioning sent global stocks higher and saw the both the dollar and yen turn lower after seeing fresh highs against the other main currencies during pre-European trading in Asia. China’s commerce ministry flicked the risk appetite switch back to “on” by stating that the U.S and China have agreed in principle… Read more »

XE Market Analysis: Europe – Nov 07, 2019

Both the dollar and yen dropped back quite sharply, the yen in particular, after seeing fresh highs against the other main currencies. This saw EUR-USD rally back to the 1.1075-80 area after making a three-week low at 1.1055 and EUR-JPY also jump from a three-week low, at 120.14, to levels above 120.60. Yen underperformance was… Read more »

XE Market Analysis: Asia – Nov 06, 2019

The dollar was mostly higher in N.Y. trade on Wednesday, taking the DXY to 97.98 highs from 97.78 early in the session. The index was unable to take out Tuesday’s one-week high of 98.01. Incoming data had little impact, with productivity and unit labor costs both missing consensus forecasts. Some safe-haven USD buying was noted… Read more »

XE Market Analysis: North America – Nov 06, 2019

The dollar and other currencies lacked direction as risk-on positioning that dominated since last Friday’s U.S. employment report lost steam. Valuations of many major equity indices have been left looking rich as investors take a more circumspect view about whether the 13th round of trade talks between the U.S. and China will produce a deal,… Read more »

XE Market Analysis: Europe – Nov 06, 2019

The dollar has been consolidating gains seen yesterday, which had been driven by more strong October data (non-manufacturing ISM, which backed up last week’s surprisingly solid employment report) and hopes a partial trade deal with China will be struck. The risk-on vibe that was coursing through global markets in the wake of last Friday’s U.S…. Read more »

XE Market Analysis: Asia – Nov 05, 2019

The Dollar traded higher in N.Y. on Tuesday, helped by a narrowed trade deficit,a better services ISM and sharply higher Treasury yields. The DXY rallied to one-week highs of 98.00, up from 97.65 at the open. EUR-USD fell to three-week lows of 1.1064 from London highs of 1.1140, as USD-JPY topped at a on-week top… Read more »

XE Market Analysis: North America – Nov 05, 2019

The dollar has been trading mixed against a backdrop of coursing risk-on positioning, losing ground to the dollar bloc while gaining on the yen, which underperformed. Sovereign bonds came under pressure as the main Asian and European stock indices rallied to fresh major-trend highs. USD-JPY rose to a five-day high at 108.89. EUR-JPY also made… Read more »

XE Market Analysis: Europe – Nov 05, 2019

The yen continued on a softening tack amid a backdrop of continued risk-on positioning in global markets, which have seen sovereign bonds come under pressure and stock markets rally. The main equity indices in Asia hit fresh trend highs today, while the Dow, S&P 500 and Nasdaq all hit new record highs on Wall Street… Read more »

XE Market Analysis: Asia – Nov 04, 2019

The Dollar was mostly higher in N.Y. trade on Monday, leaving the DXY up at 97.47 highs from pre-opening lows at 97.25. Slightly lower than expected U.S. factory orders had little impact. The Greenback maintained its bid tone, with fallout from last week’s stronger jobs report, and an FOMC that is solidly on hold going… Read more »

XE Market Analysis: North America – Nov 04, 2019

The dollar and yen saw fresh lows against the dollar bloc currencies, the euro and many developing world currencies, albeit in the context of narrow ranges. This came against a backdrop of coursing risk appetite amid positive signals from the U.S.-China and U.S.-EU trade fronts and following last week’s strong U.S. employment report and unexpected… Read more »

XE Market Analysis: Europe – Nov 04, 2019

A risk-on vibe saw the yen retain a soft tone while the Australian and New Zealand dollars benefited most out of the main currencies, and most developing world currencies posted gains against the dollar and yen. The South African rand rallied most sharply as markets reacted to on relief that Moody’s maintained South Africa’s investment-grade… Read more »

XE Market Analysis: Asia – Nov 01, 2019

The Dollar rallied in early N.Y. trade on Friday, supported by a better October U.S. employment report. The DXY rose to 97.45, up from overnight two-week lows of 97.17, though faded again after the October manufacturing ISM miss. The Dollar index later tested intra day lows. EUR-USD bottomed at 1.1128 after the jobs report, later… Read more »

XE Market Analysis: North America – Nov 01, 2019

The dollar pared losses seen during the Asia session and the early part of the European day as the release of the U.S. jobs report for October started to come into sharp focus. EUR-USD has been plying a narrow range in the mid 1.1100s, below the 11-day peak seen yesterday at 1.1175. The high was… Read more »

XE Market Analysis: Europe – Nov 01, 2019

The dollar has traded softer, which has pushed the narrow trade-weighted USD index (DXY) to an 11-day low at 97.20. Yesterday’s across-the-curve ebb in U.S. Treasury yields and recession-narrative fitting weak Chicago PMI data have weighed on the U.S. currency. Unexpected strength in China’s Caixin manufacturing PMI data restored some risk appetite in Asian stock… Read more »

XE Market Analysis: Asia – Oct 31, 2019

The Dollar attempted to rally some in N.Y. morning trade on Thursday, following decent incoming early data. A huge Chicago PMI miss however, saw early gains come unwound, taking the Greenback to near opening lows again. Risk-off conditions weighed heavily on USD-JPY, which dipped under the 108 mark for the first time in three weeks…. Read more »

XE Market Analysis: North America – Oct 31, 2019

The dollar posted fresh lows, extending losses that were imparted by the Fed’s policy guidance yesterday. The yen, meanwhile, outperformed amid a safe-haven driven rally that was catalyzed by a Bloomberg report citing ‘in the know’ sources saying that China is pessimistic that a comprehensive and long-term trade can can be made with the “impulsive”… Read more »

XE Market Analysis: Europe – Oct 31, 2019

The dollar has extended its post-Fed declines, which has seen the narrow trade-weighted USD index (DXY) print a one-week high at 97.29. EUR-USD pegged a 10-day high at 1.1170, Cable a one-week high at 1.2944, and AUD-USD a new three-month peak at 0.6929, extending the rise from the major trend lows seen in early October… Read more »

XE Market Analysis: Asia – Oct 30, 2019

FX trade was quiet ahead of the FOMC announcement, though the USD did perk up slightly early in the session following an in-line ADP jobs report, and a better than expected Q3 U.S. GDP outcome. Later, the Dollar traded slightly higher after the Fed cut interest rates by 25 basis points, as was widely expected…. Read more »

XE Market Analysis: North America – Oct 30, 2019

Both the dollar and yen ebbed against most other currencies, especially the euro, sterling and the Australian dollar, which have been moderate outperformers so far today. EUR-USD edged out a six-day high at 1.1123, and EUR-JPY posted a six-day peak. Cable also printed a six-day high, at 1.2905, and while GBP-JPY lifted, the cross remained… Read more »

XE Market Analysis: Europe – Oct 30, 2019

The dollar has been trading softer versus the Australian dollar, euro and sterling, while holding steady in narrow ranges against the yen and Canadian dollar, among other currencies. Political developments in the UK have, 1, put on a general election for December 12, and 2, prevented the spectre of a so-called ‘zombie’ parliament, with the… Read more »

XE Market Analysis: Asia – Oct 29, 2019

The Dollar fell through the N.Y. morning session on Tuesday, with gains in the Euro and Pound again weighing on the USD. News that the U.K. Labour Party, the principal opposition in the UK, will back a general election in early December was a driver of both GBP and EUR strength. Incoming U.S. data was… Read more »

XE Market Analysis: North America – Oct 29, 2019

The pound leapt upward in late London morning trading on news that the Labour Party, the principal opposition in the UK, will back a general election in early December, which now looks inevitable. Cable sprang to around 1.2870-75 from the low 1.2800s, and the UK currency posted gains versus other currencies. Source: XE news… Read more »

XE Market Analysis: Europe – Oct 29, 2019

The yen ebbed to fresh lows against a number of currencies as market positioning continue to skew away from the safe haven currency. USD-JPY eked out a fresh three-month high at 109.06, while EUR-JPY and AUD-JPY lifted to respective five- and eight-day highs. GBP-JPY also edged out a five-day peak. Source: XE news feed … Read more »

XE Market Analysis: Asia – Oct 28, 2019

The Dollar was mixed overall in N.Y. trade on Monday, with USD-JPY leading the gainers. That pairing briefly topped at 109.04, a near three-month high. EUR-USD was range bound between 1.1085 and 1.1101. USD-CAD printed three-month lows of 1.3050, while GBP-USD topped at 1.2875. Data included a narrowed advance goods trade report, and a weaker… Read more »

XE Market Analysis: North America – Oct 28, 2019

The pound and the euro has seen modest strength after the EU affirmed that a three-month Brexit extension would be permitted to the UK, which effectively rule out a no-deal Brexit this Thursday (being October 31). Cable posted a high at 1.2859, which is just 4 pips shy of the peak seen on Friday, before… Read more »

XE Market Analysis: Europe – Oct 28, 2019

USD-JPY edged out an 11-day high at 108.79, surpassing Friday’s high by 2 pips. The New Zealand dollar also saw an 11-day low versus the U.S. currency, while the Canadian dollar nudged just below the low it saw against the U.S. buck on Friday. Ranges have been narrow, while most of the other main currency… Read more »

XE Market Analysis: Asia – Oct 25, 2019

FX Trade was quiet in N.Y. on Friday, though the Dollar rose overall. The DXY moved to seven-session highs of 97.90, posting the bulk of gains at the expense of the Euro and Pound. A slight University of Michigan consumer sentiment miss had little impact on trade. EUR-USD dipped to 1.1073 from early highs of… Read more »

XE Market Analysis: North America – Oct 25, 2019

Directionally inactive best describes trading among the main currencies so far today. The Brexit process has become snarled up (again), and market narratives are expressing a wariness ahead of top-level talks between U.S. and Chinese officials later today, and into monetary policy meetings at the Fed and BoJ next week. EUR-USD has been holding steady… Read more »

XE Market Analysis: Europe – Oct 25, 2019

The dollar has been holding steady against most other currencies to far today, losing a little ground to the Australian and Canadian dollars, but remaining comfortably within respective ranges from yesterday. EUR-USD has been holding steady just above 1.1100, and USD-JPY has been amid a narrow chop around the 108.50-60 area. The pound has found… Read more »

XE Market Analysis: Asia – Oct 24, 2019

The Dollar was higher in N.Y. traded on Thursday, despite weak U.S. durable goods orders, mixed equities, and lower Treasury yields. Most of the USD gains came at the expense of the Euro and pound, as EUR-USD slipped under 1.1100 following a dovish ECB outlook, while Sterling slid on Brexit uncertainty, later recovering some as… Read more »

XE Market Analysis: North America – Oct 24, 2019

The dollar picked up some demand after a bout of weakness, while the Australian and New Zealand dollars came under some pressure. EUR-USD carved out a high at 1.1162 before tumbling back to the lower 1.1100s. Cable settled back around the 1.2900 mark after an early London pop to 1.2950, continuing a choppy consolidation below… Read more »

XE Market Analysis: Europe – Oct 24, 2019

The dollar has retained a softening bias against most currencies, which has seen EUR-USD carve out a high at 1.1142 and Cable a peak of 1.2928, up from respective lows from yesterday at 1.1106 and 1.2841. One exception is the case of USD-JPY, which has remained buoyant with the yen underperforming most other currencies amid… Read more »

XE Market Analysis: Asia – Oct 23, 2019

The Dollar was largely sideways through the N.Y. session on Wednesday, confining the DXY to a narrow 97.52 to 97.61 trading range. There was little in the way of data to provide direction, while stocks and yields were nearly flat on the day as well. EUR-USD traded sideways between 1.1112 and 1.1125, and will likely… Read more »

XE Market Analysis: North America – Oct 23, 2019

Both the pound and the euro came under pressure against most other currencies amid fast-moving Brexit developments, with both currencies correcting after recent outperformance. Cable posted a five-day low at 1.2841, which extended the decline from the five-month peak seen on Tuesday at 1.3012. GBP-JPY earlier hit a six-day low, and EUR-GBP a six-day high…. Read more »

XE Market Analysis: Europe – Oct 23, 2019

The pound has taken a rotation lower following the UK Parliament’s rejection of PM Johnson’s program bill to fast track the ratification of the EU withdrawal legislation. This means that Brexit will not happen on October 31, unless the EU decided to refuse an extension — which is highly unlikely, as Brussels will not want… Read more »

XE Market Analysis: Asia – Oct 22, 2019

The Dollar was a bit lower in N.Y. on Tuesday, though generally rangebound overall. Softer existing home sales has little impact, while Treasury yields were slightly lower, and Wall Street mixed. The USD has traded significantly lower since the start of the month, in large part due to Brexit driven gains seen in the Pound… Read more »

XE Market Analysis: Europe – Oct 22, 2019

Commodity currencies posted fresh highs while the yen retained a softening bias amid a backdrop of rising global equity markets following upbeat rhetoric from both the U.S. and Chinese officials. Q3 corporate earnings have so far been positive, albeit with expectations having been guided lower in the run in to the show-and-tell season. AUD-USD posted… Read more »

XE Market Analysis: Asia – Oct 21, 2019

The Dollar advanced slightly overall in N.Y. trade on Monday, after sliding lower overnight, and through much of the last week. Gains in Sterling and the Euro have been the major weight on the USD of late, as Brexit appears about ready to be sewn up in the not too distant future. Dollar weakness meanwhile,… Read more »

XE Market Analysis: North America – Oct 21, 2019

Sterling has rallied to fresh five-month highs against the dollar, at 1.3011. This makes this week the third consecutive week where the previous week’s peak has been breached. This is also potentially the eighth week the pair has rallied out of the last 11 weeks. Markets are diminishing the risk of a disorderly no-deal Brexit… Read more »

XE Market Analysis: Europe – Oct 21, 2019

The pound, and to a lesser extent the euro, wobbled in Asia following the weekend’s developments on the Brexit front. Parliament voted in favour of the Letwin amendment, which forced the government to request a three-month delay in Brexit — although not actually intended prevent Brexit on October 31, but rather to ensure that Parliament… Read more »

XE Market Analysis: Asia – Oct 18, 2019

The Dollar fell further in N.Y. on Friday, with the DXY printing four consecutive lower daily lows through the week. The DXY touched a nearly two-month low of 97.35, down from Tuesday’s high of 98.64. Softening U.S. data, and a likely 25 basis point Fed rate cut at the end of the month have weighed… Read more »

XE Market Analysis: Brexit: Have We Reached the End Game?

OVERVIEW UK Parliamentarians will vote on the latest Brexit agreement tomorrow The greenback is broadly lower Japanese inflation data met expectations at 0.3% HIGHLIGHT Source: XE news feed XE Market Analysis: Brexit: Have We Reached the End Game?

XE Market Analysis: North America – Oct 18, 2019

The dollar has been seeing a steady-to-soft price action versus the other main currencies. AUD-USD managed to eke out a fresh one-month high, at 0.6838, despite an ongoing sputtering price action in risk-wary global stock markets. EUR-USD nudged higher after posting an intraday low at 1.1114 and came within a couple of pips of testing… Read more »

XE Market Analysis: Europe – Oct 18, 2019

The dollar has found its feet after coming under pressure yesterday, although the AUD-USD still managed to eke out a fresh one-month high, at 0.6838, despite an ongoing sputtering price action in risk-wary global stock markets. EUR-USD has been holding a narrow range around 1.1120-30, below the seven-week high that was seen yesterday at 1.1139,… Read more »

XE Market Analysis: Asia – Oct 17, 2019

The Dollar traded lower again in N.Y. on Thursday, weighed down by data misses for housing starts, industrial production and the Philly Fed index. Ahead of the open, the Euro and Pound were lifted by a surprising Brexit agreement, though without U.K. parliamentary approval, which remains uncertain, it will be back to the drawing board…. Read more »

XE Market Analysis: Will the Latest Brexit Agreement Pass Scrutiny in UK Parliament?

OVERVIEW British PM Boris Johnson and EU Commission President Jean-Claude Juncker said the latest Brexit agreement is a “fair outcome” according to the BBC. The Philly Fed manufacturing index slid by 6 points The Aussie dollar increased on strong employment numbers.  HIGHLIGHT Source: XE news feed XE Market Analysis: Will the Latest Brexit Agreement Pass… Read more »

XE Market Analysis: North America – Oct 17, 2019

The pound stormed higher on news that the UK and EU had reached a deal on Brexit before paring some of the gains amid the uncertainty about whether the deal will pass in the UK’s Parliament, which will vote on it at a special session on Saturday. If it passes, then UK will be on… Read more »

XE Market Analysis: Europe – Oct 17, 2019

The pound has turned lower in early London trading on news Northern Ireland’s DUP announced that it will not support the plan being discussed by the UK government and EU. Brussels had reportedly said the needed to see that the DUP were on board on the dual customs union plan and tax proposals to ensure… Read more »

XE Market Analysis: Asia – Oct 16, 2019

The Dollar was lower on Wednesday in U.S. trade, leaving the DXY at one-month lows of 97.90, from opening highs of 98.39. Weaker U.S. retail sales dented USD sentiment, while a flat business inventory outcome put some downward pressure on Q3 GDP expectations. Treasury yields slipped lower, while Wall Street took a break from recent… Read more »

XE Market Analysis: North America – Oct 16, 2019

The pound corrected some of its recent gains, and the Australian and New Zealand dollars came under some pressure amid a restive and risk-wary sentiment in global stock markets, while EUR-USD and USD-JPY, and most other pairings, held in narrow ranges. Sterling was off lows but still showing a decline of 0.3% against the dollar,… Read more »

XE Market Analysis: Europe – Oct 16, 2019

The dollar majors have been trading narrowly so far today. The pound has been consolidating after rallying yesterday as markets were tantalized by the prospect of a Brexit deal, which had until last week looked like a remote possibility. Cable posted five-month peak at 1.2800 just after the London fixing, subsequently correcting to the lower… Read more »

XE Market Analysis: Asia – Oct 15, 2019

The Dollar was mostly lower in N.Y. on Tuesday, led by gains in both Sterling and the Euro, which came following reports that an EU/U.K. Brexit deal may be close. Cable vaulted to near five-month highs just under 1.2800, while EUR-USD topped at 1.1045. USD-JPY rallied on another risk-on session, with trade talk hopes weighing… Read more »

XE Market Analysis: Brexit X-Factor Helps Sterling Hit a 5-Month Peak

OVERVIEW There is breaking news of a draft Brexit deal pushed the GBP up to 1.2750 Reports from the US and China are conflicting as far as how close the world’s two largest economies are on a trade deal.  HIGHLIGHT The GBP is up 0.5% on the day with Brexit X-factor dictating market sentiment. WTI… Read more »

XE Market Analysis: North America – Oct 15, 2019

The dollar has traded mixed so far today, while a rise the pound has been the biggest mover out of the main currencies. The pound pared gains, having remained below the respective highs seen last Friday against the dollar and yen. The UK currency did managed to eke out a fresh five-month peak in the… Read more »

XE Market Analysis: Europe – Oct 15, 2019

Both the pound and the euro are up against most other currencies on an increased perception that there will be another Brexit delay, which would take the deadline out to January 31 or later. There is also increasing signs that Prime Minister Johnson has a stab at winning sufficient parliamentary support on his plan should… Read more »

XE Market Analysis: North America – Oct 14, 2019

The biggest mover so far today has been the GBP-JPY cross, which has dropped by nearly 1%, reflecting about two parts sterling underperformance amid reports of a lack of progress in Brexit negotiations over the weekend, and about one part yen outperformance, which rebounded as the optimism over the yet-to-be-signed-off U.S.-China trade deal faded. The… Read more »

XE Market Analysis: Europe – Oct 14, 2019

Currencies have opened the week in undramatic fashion, with the major dollar pairings and cross rates plying range ranges so far. Sterling has drifted lower, correcting some little after seeing the biggest two-day rally in 25 years at the tail end of last week. Opposition parties have poured cold water on the government’s Brexit plan,… Read more »

XE Market Analysis: Europe – Oct 11, 2019

Risk-on positioning has continued to be expressed in currencies, which has seen the yen edge out fresh lows and the dollar bloc and most developing-world currencies rise (even the Turkish lira has come off the lows over the last day). Markets are hopeful that the U.S. and China will reach a partial trade agreement. Trump… Read more »

XE Market Analysis: Asia – Oct 10, 2019

After fading overnight, the Dollar slipped further in N.Y.. trade on Thursday. Cooler U.S. CPI didn’t help the Greenback, while hopes for a U.S./China trade deal in one form or another pressured the USD, as recent safe-haven flows were reversed. Wall Street and yields moved higher after it was announced that Trump would meet China… Read more »

XE Market Analysis: North America – Oct 10, 2019

The dollar bloc and the euro have been outperforming the dollar and yen, along with most other currencies. This came against a return to a sputtering price action in stock markets in Europe after gains in Asia and on Wall Street yesterday. The euro was showing respective gains of over 0.5% against the dollar and… Read more »

XE Market Analysis: Europe – Oct 10, 2019

The dollar bloc currencies have lifted amid a cautious risk-on vibe in Asia, led by a rally on Chinese stock markets. AUD-JPY was showing a gain of about 0.5% as it printed a nine-day high at 72.81, while AUD-USD rallied to around the 0.6750 mark from the low 0.67s. USD-CAD retreated to the lower 1.3300s… Read more »

XE Market Analysis: Asia – Oct 09, 2019

The Dollar turned lower ahead of the N.Y. open on Wednesday, with losses coming on the reversal of safe-haven flows seen on Tuesday, reversed following reports that China would consider a partial trade deal with the U.S. Later, the USD posted a partial recovery, seeing the DXY move from 98.90 lows to 99.15 highs after… Read more »

XE Market Analysis: Europe – Oct 09, 2019

The dollar took a turn lower concomitantly with news, via Bloomberg sources, that China is open to agree a partial trade deal despite the U.S. blacklisting of Chinese organisations. This saw some unwinding in risk-on position as stock markets in Europe rallied. S&P 500 futures were showing a 0.8% gain heading into the New York… Read more »

XE Market Analysis: Asia – Oct 08, 2019

The Dollar index rallied to one-week highs in N.Y. on Tuesday, topping at 99.21, and up from 98.86 lows seen immediately following the much cooler than expected U.S. PPI outcome. Safe-haven flows into the USD stepped up following the U.S. blacklisting several Chinese tech companies, blamed for facilitating human rights abuses in China’s Xinjiang region…. Read more »

XE Market Analysis: North America – Oct 08, 2019

The dollar has been trading mixed, losing ground to the yen and euro while gaining versus an underperforming pound and the dollar block currencies, which drafted lower as risk appetite dropped away during the European morning session. The yen’s habit of inversely tracking stock markets has been on full display today, falling as stocks rose… Read more »

XE Market Analysis: Europe – Oct 08, 2019

The yen has softened concomitantly with a rise in equity markets in Asia amid cautious risk-on positioning. Chinese markets reopened after a week-long hiatus, and its CSI 300 equity index was showing a 0.9% gain as of the time of writing, while Japan’s N-225 closed with just over a 1% gain and Australia’s ASX 200… Read more »

XE Market Analysis: Asia – Oct 07, 2019

FX trade was quiet in N.Y. on Monday, with major Dollar pairings sticking to narrow ranges. There was no data to move the markets, though comments from White House adviser Kudlow helped USD sentiment when he said the U.S. is open to a short term trade deal with China. USD-JPY moved to session highs toward… Read more »

XE Market Analysis: North America – Oct 07, 2019

The dollar has been trading on a steady-to-firmer footing, seeing modest gains versus the euro and more pronounced 0.5% advance against the Australian and New Zealand dollars. The yen outperformed, albeit moderately so, which weighed on USD-JPY a little, while AUD-JPY saw losses of over 0..6%. Stock markets in Asia and Europe went back into… Read more »

XE Market Analysis: Europe – Oct 07, 2019

AUD-JPY declined as a risk appetite waned, with the good vibes of Friday failing to transfer to Asian markets today, where stock markets continued a sputtering price action (note, Chinese markets are still closed, will reopen tomorrow). A Bloomberg report cited Chinese officials saying that they are increasingly reluctant to agree to a broad trade… Read more »

XE Market Analysis: Asia – Oct 04, 2019

The Dollar had a rough week, as softer U.S. data weighed broadly. Friday’s jobs report was better than some had expected, though following a brief bounce, the DXY slipped back toward lows of the week. The market has about 100% priced in an October rate cut, which should continue to see the USD struggle going… Read more »

XE Market Analysis: North America – Oct 04, 2019

The dollar majors have hunkered down in narrow ranges ahead of the release of the September U.S. non-farm payrolls report, which is being looked upon as having potential to mark an inflection point in the course of world’s biggest economy following a slew of recessionary-portending data releases. EUR-USD has ebbed back to the mid-to-upper 1.0900s,… Read more »

XE Market Analysis: Europe – Oct 04, 2019

The dollar has settled above yesterday’s lows as markets anticipate today’s release of the September non-farm payrolls report out of the U.S., which follows a run of recessionary-portending data this week. EUR-USD has ebbed back to the mid-to-upper 1.0900s, below yesterday’s 10-day peak at 1.0999, and USD-JPY has settled around 106.75-85, above the one-month low… Read more »

XE Market Analysis: Asia – Oct 03, 2019

The Dollar nose-dived to seven-session lows in N.Y. trade on Thursday, the move coming in the aftermath of a big miss in the services ISM. The DXY fell from 99.06 highs at the open, to 98.65 lows, before recovering slightly. The weaker data ramped up recession fears and prospects for another Fed rate cut in… Read more »

XE Market Analysis: Sterling Surges as the “Backstop” Makes an Exit

OVERVIEW British Parliamentarians, citizens and expats all eagerly await the response from the EU on PM Johnson’s revised separation proposal Consumers steel themselves to learn what EU products will have US tariffs applied to them US consumer confidence slips HIGHLIGHT Source: XE news feed XE Market Analysis: Sterling Surges as the “Backstop” Makes an… Read more »

XE Market Analysis: North America – Oct 03, 2019

The dollar found a footing, paring losses after seeing fresh lows against the euro and yen. The Swiss franc underperformed notably, and was showing losses of around 0.5% at its lows against the dollar, euro and yen. Suspicions of SNB intervention abounded. EUR-CHF printed a three-week high at 1.0974, extending a rebound from the 27-month… Read more »

XE Market Analysis: Europe – Oct 03, 2019

The dollar has steadied after descending against most of the other main currencies amid a deepening sense that the U.S. economy is in the grip of significant slowdown, if not heading to a recession. There was still some price dynamics to note, with USD-CAD, one of the few pairings where the U.S. currency gained, eking… Read more »

XE Market Analysis: Asia – Oct 02, 2019

The Dollar pulled back in N.Y. on Wednesday, taking the DXY to 98.96 lows from 99.41 into the U.S. open. Recession fears following weak manufacturing ISM on Tuesday and not exactly stellar ADP jobs report saw stocks, Treasury yields, and the USD all take a trip lower. EUR-USD managed one-week highs of 1.0964, as USD-JPY… Read more »

XE Market Analysis: Fear of Global Economic Meltdown Turns Investors Cautious

OVERVIEW US Dollar regains stability after taking an overnight dip PM Johnson unveils a final Brexit separation proposal ahead of the October 31st cliff date. The Canadian dollar remains stable as GDP remains steady HIGHLIGHT Source: XE news feed XE Market Analysis: Fear of Global Economic Meltdown Turns Investors Cautious

XE Market Analysis: North America – Oct 02, 2019

A dollar has been trading mixed against a backdrop of global stock market declines. USD-JPY printed a six-day low at 107.55, extending the correction after the pair yesterday matched the two-month high seen in mid September at 108.47. EUR-USD, meanwhile, held steady after yesterday lifting out of the 28-month low at 1.0879 following the big… Read more »

XE Market Analysis: Europe – Oct 02, 2019

Sterling has come under moderate pressure into the London interbank opening, though has remained above yesterday’s lows. Brexit is finally coming to a head, with Prime Minister Johnson set to send Brussels his government’s final proposals. He has already stated that if the EU does not agree to discuss them that he will refuse to… Read more »

XE Market Analysis: Asia – Oct 01, 2019

The Dollar was higher in early N.Y. trade on Tuesday, leaving the DXY at a better than two-year peak of 99.67. Gains were not to last however, as a 10-year low U.S. manufacturing ISM took the wind out of the buck’s sails in a hurry. The ISM fell to 10-year lows of 47.8, causing a… Read more »