Category: Commodities & Markets News

Commodities and financial market news from external sources.

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

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

XE Market Analysis: North America – Jun 26, 2019

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

XE Market Analysis: Europe – Jun 26, 2019

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

XE Market Analysis: Asia – Jun 25, 2019

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

XE Market Analysis: Europe – Jun 25, 2019

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

XE Market Analysis: Asia – Jun 24, 2019

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

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

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

XE Market Analysis: North America – Jun 24, 2019

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

XE Market Analysis: Europe – Jun 24, 2019

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

XE Market Analysis: Asia – Jun 21, 2019

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

XE Market Analysis: North America – Jun 21, 2019

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

XE Market Analysis: Europe – Jun 21, 2019

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

Feedgrain Focus: First WA new-crop booked for Brisbane

NEW-CROP wheat and barley from Western Australia has started to trade into Brisbane to reflect the reality of the poor winter-crop outlook for most of southern Queensland and northern New South Wales…Read More Source: Beef Central Feedgrain Focus: First WA new-crop booked for Brisbane

XE Market Analysis: Asia – Jun 20, 2019

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

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

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

XE Market Analysis: North America – Jun 20, 2019

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

XE Market Analysis: Europe – Jun 20, 2019

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

XE Market Analysis: Asia – Jun 19, 2019

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

XE Market Analysis: North America – Jun 19, 2019

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

XE Market Analysis: Europe – Jun 19, 2019

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

XE Market Analysis: Asia – Jun 18, 2019

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

XE Market Analysis: Currency Markets Wait Patiently for FOMC Decision

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

XE Market Analysis: North America – Jun 18, 2019

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

XE Market Analysis: Europe – Jun 18, 2019

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

XE Market Analysis: Asia – Jun 17, 2019

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

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

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

Mixed prospects for Australian winter crop: ABARES

Australia’s grain production will increase by 20 per cent to 36.4 million tonnes this season but world prices are forecast to decline for most major crops, according to ABARES’ latest outlook…Read More Source: Grain Central Mixed prospects for Australian winter crop: ABARES

XE Market Analysis: North America – Jun 17, 2019

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

XE Market Analysis: Europe – Jun 17, 2019

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

XE Market Analysis: Asia – Jun 14, 2019

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

XE Market Analysis: North America – Jun 14, 2019

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

XE Market Analysis: Europe – Jun 14, 2019

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

XE Market Analysis: Asia – Jun 13, 2019

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

XE Market Analysis: North America – Jun 13, 2019

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

XE Market Analysis: Europe – Jun 13, 2019

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

XE Market Analysis: Asia – Jun 12, 2019

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

XE Market Analysis: North America – Jun 12, 2019

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

XE Market Analysis: Europe – Jun 12, 2019

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

XE Market Analysis: Asia – Jun 11, 2019

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

XE Market Analysis: North America – Jun 11, 2019

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

XE Market Analysis: Europe – Jun 11, 2019

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

XE Market Analysis: Asia – Jun 10, 2019

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

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

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

XE Market Analysis: North America – Jun 10, 2019

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

XE Market Analysis: Europe – Jun 10, 2019

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

XE Market Analysis: Asia – Jun 08, 2019

The Dollar took a rotation lower following an underwhelming May employment report out of the U.S. The narrow trade weighted USD index settled off lows by still with a 0.4% decline, at 96.56, which is an 11-week closing low. EUR-USD concurrently saw a Dollar-selling driven rally, which saw the pair finished at an 11-week closing… Read more »

XE Market Analysis: North America – Jun 07, 2019

The Dollar has been trading mixed narrow ranges into the U.S. jobs report release, gaining on the Yen and Swiss Franc, which weakened as safe-haven premiums further eroded, while posting modest gains versus the Euro and Australian Dollar. Sterling was a marginal outperformer during the London AM session, with Her Majesty’s currency poised to make… Read more »

XE Market Analysis: Europe – Jun 07, 2019

The Dollar majors have been plying narrow ranges so far today. EUR-USD has settled in the mid 1.1200s after some relatively choppy trading over the last couple of days, which has seen the pair twice beaten back down from brief forays above 1.1300. USD-JPY has concurrently settled in the mid 108.00s, holding below the eight-day… Read more »

XE Market Analysis: North America – Jun 06, 2019

The Dollar has consolidated at moderately lower levels after rising during the New York PM session yesterday, while the Yen saw some chop, rotating higher during the Asian session, where stock markets sputtered, led by a 0.9% closing loss in China’s CSI 300 index, before rebounding some during the European AM session, when European stocks… Read more »

XE Market Analysis: Europe – Jun 06, 2019

The Yen has appreciated as stock markets returned to sputtering mode after U.S. and Mexico failed to reach a deal to avert proposed tariffs, with President Trump saying that “not enough” progress has been made on ways to limit migration. Talks between the U.S. and Mexico are due to resume later today, which looks to… Read more »

Viterra consolidation shuts 17 sites in country network

Viterra has permanently closed 17 of its smaller up-country sites as part of a rationalisation that signals changes in South Australia’s bulk-handling system…Read More Source: Grain Central Viterra consolidation shuts 17 sites in country network

XE Market Analysis: Asia – Jun 05, 2019

A very weak ADP employment report saw the Dollar head lower in early N.Y. trade on Wednesday, though a pick up in risk taking levels, and a stronger services ISM saw the unit recover later in the session. EUR-USD peaked at 1.1306, later falling back under 1.1240. USD-JPY hit trend lows of 107.82, before rallying… Read more »

XE Market Analysis: North America – Jun 05, 2019

The directional performance of the main currencies can so far today be divided up between the losers, which were the Dollar and safe-haven Yen and Swiss Franc units, and the winners, which were the Euro along with the Australian, New Zealand and Canadian Dollars. The Pound also held up well, with both the UK and… Read more »

XE Market Analysis: Europe – Jun 05, 2019

The Dollar has continued to soften against most other currencies amid a recovery in risk appetite in global markets and associated bubbling in expectations for the Fed to loosen monetary policy before the year is out. The narrow trade-weighted USD index has printed a fresh seven-week low at 96.96. EUR-USD has remained buoyant after posting… Read more »

XE Market Analysis: Asia – Jun 04, 2019

The Dollar pulled back some following Fed chair Powell headlines, where he said the Fed is prepared to act appropriately to sustain the U.S. economic expansion. He also said the Fed remains concerned over cool inflation figures. The comments were taken with a dovish slant, sending EUR-USD over 1.1265 from 1.1240, and USD-JPY to 107.99… Read more »

XE Market Analysis: North America – Jun 04, 2019

The Dollar has posted fresh lows against the Euro, Yen and a number of other currencies. A rebound in European stock markets and S&P 500 futures after a mixed session on Asian bourses enabled forex markets to focus on the Dollar-negative narrative of strengthening expectations for the Fed to cut rates as soon as September…. Read more »

XE Market Analysis: Europe – Jun 04, 2019

The Dollar has remained heavy with markets in-process of discounting a 25 bp cut in the funds rate as soon as September, if not earlier. This, for now, is offsetting the dollar’s safe haven credentials, with global equity markets sputtering rather than falling precipitously in the face of ratcheting trade tensions. The narrow trade-weighted USD… Read more »

XE Market Analysis: Asia – Jun 03, 2019

Dollar losses accelerated after Fed’s Bullard said a rate cut could be warranted soon. EUR-USD, which had rallied to 1.1225 from near 1.1180 early in the session, ran up to new three-week highs of 1.1250, while USD-JPY fell to fresh trend lows of 108.06. USD-CAD fell under 1.3450, while GBP-USD topped over 1.2665, up from… Read more »

XE Market Analysis: North America – Jun 03, 2019

The Dollar has traded mostly lower, losing ground to the Yen and Swiss Franc, while posting a six-day low versus the Euro. Stock markets in Europe and Asia have been under pressure, though moderately so, while S&P 500 futures declined by 0.5% in overnight trading. The overall vibe in globals remains one of caution. PMI… Read more »

XE Market Analysis: Asia – May 31, 2019

The Dollar headed lower in N.Y. on Friday, with USD-JPY losses pacing the losses. Incoming data was mostly positive, though the risk-backdrop crumbled following Trump’s announcement he would slap tariffs on Mexican goods if the country did not stem the flow of migrants to the U.S. Wall Street was sharply lower, and Treasury yields fell… Read more »

XE Market Analysis: Tariffs and Trade Don’t Mix Well as the Dollar Turns South

OVERVIEW The greenback has moved into negative territory after the Trump Administration slapped a new 5% tax on Mexican imports to the USA.  USD/CAD climbed above 1.35 post, driven by fears of escalating trade tensions NYMEX WTI crude declined by 2.4% on renewed concerns over geopolitical risks Source: XE news feed XE Market Analysis: Tariffs… Read more »

XE Market Analysis: North America – May 31, 2019

The safe-haven Yen rallied sharply while the Mexican Peso plunged precipitously after President Trump vowed to hit Mexico with a 5% tariff and threatened higher tariffs if it failed to do what he considers its part in dealing with surge in immigrants attempting to cross the border into the U.S. USD-JPY dove about 0.8% in… Read more »

XE Market Analysis: Europe – May 31, 2019

The Yen has rallied sharply after President Trump threaten to hit Mexico with high tariffs if it failed to do what he considers its part in dealing with surge in immigrants attempting to cross the border into the U.S. USD-JPY dove over 0.7% in making a four-month low at 108.78. AUD-JPY tumbled to a five-month… Read more »

XE Market Analysis: Asia – May 30, 2019

The Dollar index rallied to six-session highs of 98.28 in morning N.Y. trade on Thursday, though later pulled back to 98.11 lows into the London close. A slightly better than expected Q1 GDP revision helped the USD early on, though with Wall Street posting modest gains, safe-haven Dollar flows reversed to an extent. EUR-USD printed… Read more »

XE Market Analysis: North America – May 30, 2019

The Dollar, Yen and Swiss Franc traded moderately softer against most other currencies as stock markets steadied after the recent tilt lower. This helped EUR-USD find a toehold after three straight days of decline, with the pair holding in the lower-to-mid 1.1100s, above the one-week low seen yesterday at 1.1124. USD-JPY lifted to an eight-day… Read more »

XE Market Analysis: Europe – May 30, 2019

A moderate unwinding in risk-off positioning has been seen in currency markets. This comes with Wall Street having pared losses during the PM session yesterday and with S&P 500 futures showing modest gains, even though most Asian markets have remained nuder pressure today. USD-JPY lifted to an eight-day high at 109.76. , and the AUD-JPY… Read more »

XE Market Analysis: Asia – May 29, 2019

The Dollar index rallied to one-week highs in N.Y. on Wednesday, as another session of risk-off trade prompted safe-haven flows into the USD. Trade war fears, along with U.S. politics weighed on Wall Street, as China may cut rare-earth exports to the U.S., and as special council Mueller left the door open for a Trump… Read more »

XE Market Analysis: Europe – May 29, 2019

The Dollar and Yen had traded firmer amid a risk-off theme in global markets. USD-JPY fell to a two-week low at 109.15, despite concurrent dollar gains versus most other currencies. EUR-JPY hit a fresh four-month low, and AUD-JPY has come under notable pressure. The narrow trade-weighted USD index, meanwhile, carved out a six-day high at… Read more »

XE Market Analysis: North America – May 29, 2019

The Dollar picked up demand in both Asia and during the European AM session. The narrow trade-weighted USD index printed a six-day high at 98.04, while EUR-USD concurrently fell to a six-day low at 1.1149, inching last week’s two-year low at 1.1107 further into view. Safe haven demand has been the dominating factor in price… Read more »

XE Market Analysis: Asia – May 28, 2019

The Dollar advanced modestly in N.Y. trade on Tuesday, taking the DXY to four-session highs of 97.96, up from 97.72 lows seen early in the session. A better than expected consumer confidence outcome supported the Greenback some. EUR-USD slipped toward 1.1160, from pre-open highs of 1.1198. USD-JPY made it over 109.61 from two-week lows in… Read more »

XE Market Analysis: North America – May 28, 2019

A moderate risk-off theme become re-established in global markets, which pushed Treasury and other top-tier sovereign yields lower, hit stock markets while buoying the Yen in forex markets. USD-JPY ebbed moderately lower as the Japanese currency picked up a safe-haven bid, breaking free of what had been a narrow orbit of the 100.50 level. A… Read more »

XE Market Analysis: Europe – May 28, 2019

The dollar majors are lacking directional bias so far today, with participants hunkering down in Asia into the return of full market participation, and liquidity, that the reopening of markets in London and New York will bring today following long weekends in the UK and U.S. EUR-USD still managed to eke out a three-session low… Read more »

XE Market Analysis: North America – May 27, 2019

Conditions have been thin in the absence of London markets and with the U.S. off today. The Euro traded firmer, with EUR-USD having edged out an 11-day high at 1.1215, while EUR-JPY and EUR-CHF concurrently recouped recently lost ground. EUR-GBP, in contrast, descended to a five-day low as the Pound rebounded from recent trend lows…. Read more »

XE Market Analysis: Europe – May 27, 2019

Risk-off positioning have unwound some more in the forex markets, with the Dollar, Yen and Swiss Franc all losing ground to most of the main currencies today. A rally of over 0.5% in AUD-JPY has led the way, which has extended the rebound-form-trend lows seen late last week. The cross hit a three-day high at… Read more »

XE Market Analysis: Asia – May 24, 2019

The Dollar came under pressure again in N.Y.on Friday, taking the DXY to seven-session lows of 97.55, after touching two-year highs of 98.37 on Thursday.Weaker PMI data on Thursday was a major weight on the Dollar then, and a soft durables report Friday did further damage to the Greenback. EUR-USD topped at 1.1212,up from early… Read more »

XE Market Analysis: North America – May 24, 2019

A rally in Sterling interrupted an otherwise directionally-limited London AM session in the forex market. The spark was the resignation announcement of Prime Minister May, who will step down on June 7th, after President Trump’s three-day state visit. Cable sprang about 0.5% higher in posting a 1.2718 high, which extending a rebound from the near… Read more »

XE Market Analysis: Europe – May 24, 2019

The Dollar, Yen and Swiss Franc have softened amid a hiatus in the risk-off theme that dominated markets yesterday. Sentiment remains fragile, though. The MSCI Asia-Pacific (ex-Japan) equity index still managed to carve out a fresh four-month low at the intraday low, before recovering a little, with the main Chinese indexes showing fractional gains. The… Read more »

Two more shipments of Canadian wheat to Australia approved

The Australian Government has confirmed a further two shipments of Canadian wheat have been approved for import into Australia…Read More Source: Grain Central Two more shipments of Canadian wheat to Australia approved

XE Market Analysis: Asia – May 23, 2019

The Dollar index rallied to two-year highs in early N.Y. trade on Thursday, with gains coming on the back of safe-haven flows into the Dollar as a result of ongoing trade war concerns. Weakness in May flash manufacturing and services PMIs later prompted a sharp round of profit taking related USD selling, resulting in the… Read more »

XE Market Analysis: North America – May 23, 2019

The Dollar has traded firmer against most currencies fo far today, with the exceptions of the Yen and Swiss Franc, which outperformed on a rekindled safe-haven bid as European and Asian stock markets, and U.S. equity index futures, turned quite sharply lower. The narrow trade-weighted USD index lifted to a one-month high of 98.26, while… Read more »

XE Market Analysis: Europe – May 23, 2019

The main currencies have traded with limited directional bias, on net, so far today. The FOMC minutes weren’t perhaps quite as dovish as some market participants were anticipating, which inspired a modest rise in the dollar. The minutes showed that “many” believe downside risks had abated, and that low inflation was likely “transitory,” though “several”… Read more »

Dalgrains position clarified amid counterparty caution

The financial position of Dalgrains has been clarified by Worrells Solvency & Forensic Accountants, with partner Adam Ward last week appointed as its liquidator…Read More Source: Grain Central Dalgrains position clarified amid counterparty caution

XE Market Analysis: Asia – May 22, 2019

A lack of data, and relatively uneventful risk-backdrop saw the Dollar dip in early trade, then recover to near unchanged into the close. EUR-USD ranged between 1.1180 and 1.1151,ending near 1.1160. USD-JPY was range bound settling near 110.35, while USD-CAD rallied to 1.3435 on weaker oil prices, after bottoming at 1.3358 following strong Canada retail… Read more »

XE Market Analysis: North America – May 22, 2019

The Dollar has lost traction after the Fed’s Bullard said that a rate cut may be in order if inflation continues to disappoint. There are also expectations for today’s release of FOMC minutes to evidence a shift to an overall more dovish stance, including suggestions to slacken inflation targeting. EUR-USD has found support after printing… Read more »

XE Market Analysis: Europe – May 22, 2019

The main currencies have been trading narrow ranges for the most part so far today. Two exceptions: NZD-USD, which extended recent declines in posting a fresh seven-month low at 0.6493, and the Pound, which printed new four- and three-month lows against the Dollar and Euro, respectively. Cable’s low is 1.2685. Source: XE news feed … Read more »

XE Market Analysis: Asia – May 21, 2019

The Dollar was steady to higher in morning trade in N.Y. on Tuesday, showing little response to softer exiting home sales data. USD-JPY was firm on risk-on conditions, rising to 110.67, up from under 110.10 into the open. EUR-USD was steady between 1.1145 and 1.1160 through much of the morning, but was later dragged to… Read more »

Aussie dollar falls close to three-year lows

After a short but sharp rally following Scott Morrison’s federal election win on Saturday, the Australia dollar is again heading towards three-year lows against the US currency. A lower currency value works in Australian red meat exporters’ favour, making our product more competitive in an increasingly congested international beef market…Read More Source: Beef Central … Read more »