Category: Commodities & Markets News

Commodities and financial market news from external sources.

XE Market Analysis: Asia – Aug 06, 2019

The Dollar index ended Tuesday’s session near unchanged from opening levels. The DXY started at 97.65, advance to 97.76, before falling back to 97.52, then settling in near 97.65. There was no incoming U.S. data to drive the FX market, and for the most part, traders appeared to just jockey for position until the next… Read more »

XE Market Analysis: North America – Aug 06, 2019

The Dollar has continued to trade mixed, approaching the New York interbank open at near net unchanged levels versus the Euro, while trading firmer versus the Yen and lower against the Australian and New Zealand Dollars. EUR-USD settled near 1.1200 after printing 18-day high at 1.1249. The new high racks today up as the fourth… Read more »

XE Market Analysis: Europe – Aug 06, 2019

High volatility has been the flavour of the day, with the Yen dropping sharply after posting fresh trend highs during the Tokyo AM session. The Japanese currency’s highs were seen after U.S. Source: XE news feed XE Market Analysis: Europe – Aug 06, 2019

XE Market Analysis: Asia – Aug 05, 2019

The Dollar lost ground in N.Y. trade on Monday, the move driven largely by ramped up expectations for a September Fed rate cut, following the escalation of the U.S./China trade war. China’s devaluation of the yuan, along with its cessation of purchasing U.S. agriculture products. Wall Street plunged, as did Treasury yields, which weighed further… Read more »

XE Market Analysis: North America – Aug 05, 2019

The Dollar has been trading mixed amid a risk-off backdrop, which has seen the safe-haven yen outperform and the commodity-correlating Dollar bloc currencies, along with a good many developing world currencies, underperform. China’s Yuan fell to an 11-year low below the politically sensitive 7.0 to the dollar level, which the PBoC blamed on “trade protectionism,”… Read more »

XE Market Analysis: Europe – Aug 05, 2019

The Dollar has been trading mixed amid a mixed off backdrop, which has seen the safe-haven Yen outperform and the commodity-correlating Dollar bloc currencies, along with a good many developing world currencies, underperform. China’s Yuan fell to an 11-year low below the politically sensitive 7.0 to the dollar level, which the PBoC blamed on “trade… Read more »

XE Market Analysis: Asia – Aug 02, 2019

The Dollar ended lower in N.Y. on Friday, rallying briefly following a decent July jobs report, later heading lower on end-of-week position squaring. Trade, factory, and confidence figures were mediocre. Yields and Wall Street headed lower again on ongoing U.S./China trade concerns. EUR-USD recovered from the two-plus year lows of 1.1027 lows seen Thursday, peaking… Read more »

XE Market Analysis: North America – Aug 02, 2019

The Dollar has traded mixed since President Trump’s launched a fresh advance in his trade war with China, to which Beijing responded today by threatening countermeasures if the new tariffs are implemented. The biggest mover has been AUD-JPY, which plummeted by over 2% since Trump’s announcement yesterday in extending to levels not seen since the… Read more »

XE Market Analysis: Europe – Aug 02, 2019

The Dollar has traded mixed since President Trump’s launching of a fresh advance in his trade war with China, rising versus the underperforming Australian buck while losing ground to the outperforming Yen, and softening moderately in the case against the Euro. AUD-USD, which is now in its 11th consecutive day of decline, printed a seven-month… Read more »

XE Market Analysis: Asia – Aug 01, 2019

The Dollar came under some pressure in the morning session in N.Y. on Thursday, weighed down by weaker manufacturing and construction spending data. The Greenback later fell to session lows against all major currencies following Trump’s imposition of 10% tariffs on an additional $300 bln of U.S. imports from China. The driver of the move… Read more »

XE Market Analysis: The Greenback Takes an August Leap After Fed Trims Rate

OVERVIEW The greenback climbed to its highest level against other major currencies since 2017 despite mixed signals from the Fed. EUR/USD tumbled by 0.35% with investors nervously watching the 1.10 handle. WTI Crude oil price loses $1 over concerns of a pending global economic slowdown. Source: XE news feed XE Market Analysis: The Greenback… Read more »

XE Market Analysis: North America – Aug 01, 2019

The narrow trade-weighted USD index extended its cumulative post-FOMC gain to nearly 1% in printing a high at 98.92, which is the highest level seen since May 1997. EUR-USD concurrently extended lower, reaching a fresh 27-month low at 1.1030 during the London morning, and while USD-JPY settled to the lower 109.0s, the pair had seen… Read more »

XE Market Analysis: Europe – Aug 01, 2019

The Dollar extended post-Fed gains during the early part of the Asia session, with the narrow trade-weighted USD index gaining by a cumulative 0.9% in printing a high at 98.92, which is the highest level seen since May 1997. EUR-USD concurrently fell to a fresh 27-month low at 1.1034 while USD-JPY lifted to a two-month… Read more »

XE Market Analysis: Asia – Jul 31, 2019

The FX market was very quiet ahead of the FOMC announcement in N.Y. on Wednesday, largely maintaining well-worn ranges. The Dollar later rallied following the Fed announcement, where rates were cut by 25 basis points, as widely expected. The statement cited uncertainty in the global outlook and muted inflation as their rationale for cutting rates…. Read more »

XE Market Analysis: Boris and Brexit and Banks, Oh My!

OVERVIEW The FOMC takes the stage again in the latest episode of the Rate is Right Canada’s economy continues to grow incrementally Meanwhile, the European economy continues to retract incrementally HIGHLIGHT Source: XE news feed XE Market Analysis: Boris and Brexit and Banks, Oh My!

XE Market Analysis: North America – Jul 31, 2019

Narrow ranges have been prevailing into the Fed’s policy announcement later. EUR-USD settled lower, back under 1.1150, after earlier edging out a four-session high at 1.1162. The 25-month low seen last week at 1.1101 remains in scope. USD-JPY continued to ply a relatively narrow range in the mid 108.00s, while Sterling has settled above yesterday’s… Read more »

XE Market Analysis: Europe – Jul 31, 2019

The Dollar majors have settled in narrow ranges ahead of the Fed’s policy announcement later today (14:00 ET, or 19:00 GMT), although EUR-USD managed to eke out a four-session high at 1.1162, putting in a little extra space from the 25-month low seen last week at 1.1101. AUD-USD saw some chop, rebounding to near 0.6900… Read more »

XE Market Analysis: Asia – Jul 30, 2019

The Dollar advanced slightly through the N.Y. morning session on Tuesday, taking its cue from better U.S. personal earnings, consumption and confidence data. The Greenback eased back slightly after the London close, with position squaring interest noted ahead of Wednesday’s FOMC announcement. A 25 basis point cut is widely expected, though with the Fed likely… Read more »

XE Market Analysis: North America – Jul 30, 2019

The Dollar has traded mixed, seeing fresh highs against the underperforming Pound, holding steady versus the Euro while losing ground to the Yen, which firmed up after the BoJ left policy settings changed, as expected, while maintaining its existing policy bias, which disappointed some who had been looking for something a more specific. Cable printing… Read more »

XE Market Analysis: Europe – Jul 30, 2019

The Dollar majors have been plying narrow ranges in early-week, pre-risk event trading. The resumption of person-to-person dialogue between the U.S. and China this week, and the FOMC, which starts tomorrow and concludes on Wednesday, are keeping market participants sitting on their hands for now, who are taking a circumspect view on the chances for… Read more »

XE Market Analysis: Asia – Jul 29, 2019

The Dollar index rallied to near two-month highs of 98.16 in N.Y. morning trade on Monday, later easing back to 98.05 into the London close. There was little in the way of incoming U.S. data, with the only item on the docket being the Dallas Fed index, which improved slightly as expected. There was no… Read more »

XE Market Analysis: North America – Jul 29, 2019

EUR-USD settled above the 25-month low seen last week at 1.1101, which was seen before the ECB policy announcement last Thursday, with its refrain from easing having buoyed the Euro somewhat. The big focus this week is on the Fed, with the two-day FOMC gathering concluding on Wednesday. With a 25 bp easing fully baked… Read more »

XE Market Analysis: Europe – Jul 29, 2019

The Dollar majors have been plying narrow ranges in early-week, pre-risk event trading. The resumption of person-to-person dialogue between the U.S. and China this week, and the FOMC, which starts tomorrow and concludes on Wednesday, are keeping market participants sitting on their hands for now, who are taking a circumspect view on the chances for… Read more »

XE Market Analysis: Asia – Jul 26, 2019

The Dollar advanced in N.Y. trade on Friday, buoyed by a slightly better preliminary read on Q2 GDP. Word from White House adviser Kudlow, that the U.S. would not intervene to weaken the USD likely helped the unit higher. Trump has been concerned that trading partners may be manipulating their currencies to gain trade advantages…. Read more »

XE Market Analysis: North America – Jul 26, 2019

The Euro has been in consolidated mode after rallying on the ECB’s refrain from cutting rates yesterday’s, though the central bank still shifted to an explicit easing bias, laying the groundwork for a comprehensive set of easing measures in September. EUR-USD, after rallying to a 1.1187 high in the wake of the ECB announcement yesterday,… Read more »

XE Market Analysis: Europe – Jul 26, 2019

The Dollar majors have become entrenched in narrow ranges after some choppy trading yesterday. The Euro has consolidated after rallying on the ECB’s refrain from cutting rates yesterday’s, though the central bank still shifted to an explicit easing bias, laying the groundwork for a comprehensive set of easing measures in September. The Dollar also found… Read more »

XE Market Analysis: Asia – Jul 25, 2019

The Dollar firmed early in the session, led by EUR-USD’s decline to two-year lows of 1.1102. The move came following the ECB announcement, which revised forward guidance to say that rates will be at “present or lower levels”, at least through the first half of 2020, as widely expected. Later, the Euro rallied back to… Read more »

XE Market Analysis: Europe – Jul 25, 2019

The Dollar majors have settled in narrow ranges into the ECB’s policy meeting, with markets giving about 50% odds for the central bank producing a 10 bp rage cut today following yesterday’s manufacturing PMI disappointments in the Eurozone. The Euro went into a consolidation after declining sharply yesterday. EUR-USD settled in the lower-to-mid 1.1100s, holding… Read more »

XE Market Analysis: Asia – Jul 24, 2019

The Dollar was range bound in N.Y. trade on Wednesday, leaving the DXY inside of a 97.56 to 97.68 trading band. Incoming U.S. data saw mixed flash manufacturing and services PMI , and softer new home sales, though neither had much lasting impact on the USD. Wall Street and Treasury yields were lower, with earnings… Read more »

XE Market Analysis: North America – Jul 24, 2019

The Dollar has traded mixed, but broadly underpinned after rallying for three consecutive days. The Euro took a hit on Eurozone PMI misses, which drove EUR-USD to a seven-week low at 1.1127 and EUR-JPY to a new near-seven-month low at 120.21. EUR-CHF also declined, though the cross has remained above the 24-month low seen yesterday… Read more »

XE Market Analysis: Europe – Jul 24, 2019

The Dollar has consolidated recent gains for the most part, having been buoyed in recent sessions by a relatively more measured view in markets of Fed easing potential, along with the deal to end the U.S. budget impasse and amid the evident easing bias of other major central banks. In the mix has been news… Read more »

XE Market Analysis: Asia – Jul 23, 2019

The Dollar headed higher in N.Y. trade on Tuesday, lifting the DXY to a better than one-month high of 97.71, up from opening lows of 97.47. The USD rallied despite softer incoming U.S. data, with both existing home sales sand the Richmond Fed index missing the mark. EUR-USD headed down to levels last seen at… Read more »

XE Market Analysis: North America – Jul 23, 2019

The Dollar has posted fresh highs against the Euro, Yen, Pound, and other currencies, partly amid a more circumspect view in markets of Fed easing potential and partly as other central banks are heading in the direction of the stimulus spigot. The expected announcement later today confirming that Boris “no-deal Brexit” Johnson is the new… Read more »

XE Market Analysis: Europe – Jul 23, 2019

The Dollar has retained support, partly amid markets more circumspect view of Fed easing potential and partly as other central banks, most notably the ECB, are heading in the direction of the stimulus spigot, while the expected announcement later today confirming that Boris “no-deal Brexit” Johnson is the new prime minister of the UK is… Read more »

XE Market Analysis: Asia – Jul 22, 2019

The Dollar was little changed overall in N.Y. trade on Monday, with the major pairings remaining inside of a narrow trading band. The DXY topped at 97.27, up from early lows of 97.18. There was no market moving data. Wall Street was narrowly mixed, while Treasury yields were a touch lower. EUR-USD bottomed at 1.1207,… Read more »

XE Market Analysis: North America – Jul 22, 2019

The Dollar has remained underpinned amid the scaling back in Fed easing expectations, which look to have settled on a 25 bp cut at the upcoming FOMC rather than a 50 bp move. The narrow trade-weighted USD index (DXY) rose fractionally, to 97.24, but remained below Friday’s peak at 97.29. EUR-USD has made time in… Read more »

XE Market Analysis: Europe – Jul 22, 2019

The Dollar has remained underpinned amid a scaling back in Fed easing expectations, which look to have settled on a 25 bp cut at the upcoming FOMC rather than a 50 bp move. The narrow trade-weighted USD index (DXY) has risen fractionally, to 97.24, but has so far remained below Friday’s peak at 97.29. EUR-USD… Read more »

XE Market Analysis: North America – Jul 19, 2019

The Dollar settled at firmer levels after the New York walked back the dovish remarks of Williams yesterday. The narrow trade-weighted USD index (DXY) was showing a near 0.3% gain heading into the New York interbank open, at 97.02, up from the 16-day low see late yesterday at 96.67. At the close yesterday, Fed funds… Read more »

XE Market Analysis: Europe – Jul 19, 2019

The Dollar found a footing after weakening during the New York PM session yesterday. The narrow trade-weighted USD index (DXY) has settled around the 96.85 mark, up from the 16-day low seen late yesterday at 96.67, which was the culmination of a 0.6% decline. The low was seen as U.S. Treasury yields hit two-week and… Read more »

XE Market Analysis: Asia – Jul 18, 2019

The Dollar attempted to rally in N.Y. on Thursday following in-line jobless claims, and a stronger than expected Philly Fed index, though later faded as Wall Street sold off and Treasury yields pulled back from highs. The DXY opened at 97.16 lows, rallied to 97.25 highs, before fading to 97.13. EUR-USD bottomed at 1.1215 after… Read more »

Currency Market Analysis: Sterling Rises Following Barnier Comments and Better Than Expected Retail Sales

OVERVIEW Better-than-expected retail numbers in the UK are giving sterling much-needed support EU Chief Negotiator Michel Barnier signalled a willingness to discuss terms on the Irish backstop Stock markets, the price of gold, and crude oil prices are mostly down in today’s trading HIGHLIGHT Source: XE news feed Currency Market Analysis: Sterling Rises Following… Read more »

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 »

Weekly property review: Triggering change in the Qld rural property market

Uncertainty surrounds Queensland’s recently amended trigger maps and the impact this will have on property values. Two weeks ago, the Qld Department of Environment quietly unveiled a new version of the Protected Plants Trigger map, as part of what it describes as ‘a regular review process which was been ongoing since 2014.’..Read More Source: Beef Central … 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: Brexit Uncertainty Endures and Continues to Rock the Pound

OVERVIEW The greenback is trading firmer, up by 0.15% against other major currencies. The British pound slid to its lowest level since January on growing Brexit uncertainty. Gold oscillates around $1,400 as the market waits for Fed Chair Powell’s assessment. Source: XE news feed XE Market Analysis: Brexit Uncertainty Endures and Continues to Rock… 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 »