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XE Market Analysis: Asia - Jan 16, 2019

By: XE Market Analysis

The Dollar was rangebound in N.Y. trade on Wednesday, seeing the DXY navigate a narrow 96.13 to 95.98 band. The Greenback faded some in early trade, though later steadied. For data, November trade prices fell less than expected, while the NAHB housing market index came in better than expected. Read more

XE Market Analysis: PM May's Government Survives No-Confidence Vote

By: xemarketanalysis

OVERVIEW Even though Labour Party Leader Jeremy Corbyn argued that PM May's "zombie administration" is shuffling along, Theresa May survived a 325-306 vote. GBP EUR firms up as investors feel a soft Brexit or delay is within reach. USD EUR rises on news Germany recently barely avoided a recession HIGHLIGHT PM May's Brexit separation agreement was widely panned and failed to garner parliamentary support Tuesday. Read more

XE Market Analysis: North America - Jan 16, 2019

By: XE Market Analysis

The Dollar has traded mostly firmer. EUR-USD tipped back under 1.1400 and posted a 12-day low at 1.1377. The pair has been in a downward phase over the last week, and we expect this bias will remain dominant for now, given the backdrop Eurozone-slowing narrative. Read more

XE Market Analysis: Europe - Jan 16, 2019

By: XE Market Analysis

The Dollar majors have been plying narrow ranges so far today. Cable, after surging well over 1% to a peak of 1.2890 following the expected Brexit deal rejection by the UK's parliament, has settled near 1.2850. Much political uncertainty has now fallen upon the UK. Read more

XE Market Analysis: Asia - Jan 15, 2019

By: XE Market Analysis

The Dollar moved higher in N.Y. on Tuesday, despite the cooler U.S. PPI outcome. Wall Street rallied, which saw Treasury yields rise some, supportive of the Greenback. EUR-USD fell from 1.1455 highs to a 1.1381 low, while USD-JPY bottomed at 108.33 then bounced to 108.76 as stocks headed higher. Read more

XE Market Analysis: Political Risks “Live” with Brexit Vote and US Government Shutdown

By: xemarketanalysis

OVERVIEW The Dollar Index remains in positive territory but remains cautious amidst the prolonged and contentious government shutdown. Gold is trading higher near $1,300 with investors seeking safe-haven assets NYMEX WTI Crude spiked 2.50% to trade near $52.00 a barrel. HIGHLIGHT The stage is set in the House of Commons for the “meaningful vote” with proposed EU Withdrawal Agreement expected to fail. Read more

XE Market Analysis: North America - Jan 15, 2019

By: XE Market Analysis

The Yen weakened and Dollar bloc currencies rallied amid a risk-back-on sentiment in markets, with Asian stock markets and U.S. equity index futures rallying after China announced the implementation of economic stimulus measures following the release of weak trade data yesterday. Read more

XE Market Analysis: Europe - Jan 15, 2019

By: XE Market Analysis

The Yen weakened and Dollar bloc currencies rallied amid a risk-back-on sentiment in markets, with Asian stock markets and U.S. equity index futures rallying after China announced the implementation of economic stimulus measures following the release of weak trade data yesterday. Read more

XE Market Analysis: Asia - Jan 14, 2019

By: XE Market Analysis

The Dollar ended on a slightly softer footing in N.Y. trade on Monday, though ranges generally were relatively narrow. Due to the U.S. government shutdown, there were no data to move the market. Wall Street opened sharply lower on fallout from the overnight weak China trade data, though managed to pare losses through the session. Read more

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