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XE Market Analysis: Currency Markets Trade Cautiously Amidst Political Gridlock

By: xemarketanalysis

OVERVIEW The US dollar index, DXY, is flat around 95.32, against other major currencies. Chinese macro data shows its economy is stalling, while their GDP is growing aa round a 6.4% rate. NYMEX WTI Crude made gains of 0.17% to $53.90, a nine-week high. HIGHLIGHT The Euro has moved into a consolidation zone against the greenback, trading around the mid-point of 1.13. Read more

XE Market Analysis: North America - Jan 21, 2019

By: XE Market Analysis

There hasn't been a strong theme in forex markets so far today. Sterling paring losses seen during the early part of the London session, while EUR-USD settled in the upper 1.1300s, above Friday's 17-day low at 1.1353, and near the 1.1400 level, which roughly marks the midway point of a broadly sideways range that's been unfolding for three months now. Read more

XE Market Analysis: Europe - Jan 21, 2019

By: XE Market Analysis

The Dollar majors have been trading with little directional bias so far today. EUR-USD has settled in the upper 1.1300s, up from Friday's 17-day low at 1.1353, and near the 1.1400 level, which roughly marks the midway point of a broadly sideways range that's been unfolding for three months now. Read more

XE Market Analysis: Asia - Jan 18, 2019

By: XE Market Analysis

The Dollar rallied through the morning session in N.Y. on Friday, taking the DXY to two-week highs of 96.39. Gains came following news that China may ramp up purchases of U.S. goods over the next 6-years, with the goal of eliminating the current trade imbalance. Read more

XE Market Analysis: The Greenback is in a Buoyant Mood Ahead of Chinese Data Release

By: xemarketanalysis

OVERVIEW The Dollar Index is up 0.15%, looking towards a higher weekly close. Risk-on sentiment returned and gold is trading 0.7% lower. World equity markets are in green. NYMEX WTI Crude marches higher 0.75% to trade near $52.50 a barrel. HIGHLIGHT The Canadian loonie is trading in a consolidation zone over the five sessions after appreciating nearly 3.5% since the beginning of the month. Read more

XE Market Analysis: North America - Jan 18, 2019

By: XE Market Analysis

A risk-back-on theme in global markets found expression in forex markets by weakening the Yen. USD-JPY lifted to a 16-day high of 109.59, while EUR-JPY has printed a three-day high, and AUD-JPY a one-month peak. The Yen's softness has been concomitant with a revival in risk appetite in global markets, which was sparked by WSJ report yesterday, alleging that U.S. Read more

XE Market Analysis: Europe - Jan 18, 2019

By: XE Market Analysis

The main theme has been Yen softness so far today, which has been concomitant with a revival in risk appetite in global markets. A WSJ report, citing unnamed sources, alleged that U.S. Treasury Secretary Mnuchin discusses lifting some or all of the tariffs imposed on Chinese imports. Read more

XE Market Analysis: Asia - Jan 17, 2019

By: XE Market Analysis

The Dollar rallied in N.Y. on Thursday morning, supported by better than expected jobless claims and a firmer Philly Fed index. The DXY topped at 96.26, up from opening levels of 96.00, though later faded, largely as Cable touched two-month highs of 1.2980. Read more

XE Market Analysis: North America - Jan 17, 2019

By: XE Market Analysis

The dollar largely gave back gains seen during the pre-Europe session in Asia. EUR-USD left a 13-day low at 1.1371 before recouping back to the 1.1400 level. AUD-USD also lifted after earlier printing an eight-day low at 0.7146, while USD-CAD ebbed back after posting a three-day high at 1.3309. Read more

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