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XE Market Analysis: Asia - Aug 16, 2019

By: XE Market Analysis

The dollar headed mostly lower in N.Y. on Friday, dented by a softer consumer sentiment report, and news that Germany will shift to deficit spending should the country enter recession. The latter gave the euro a boost from two-week low of 1.10667, to 1.1106 highs. Read more

XE Market Analysis: North America - Aug 16, 2019

By: XE Market Analysis

EUR-USD has declined for a fifth consecutive day, earlier pegging a two-week low at 1.1074. A stop-loss and long-covering decline in EUR-GBP, which has fallen by nearly 1%, has driven a broader underperformance in the Euro. EUR-USD's ebb today has extended the fall the pairing saw following yesterday's firmer than expected U.S. Read more

XE Market Analysis: Europe - Aug 16, 2019

By: XE Market Analysis

Narrow ranges have been prevailing amid a restive mood in global markets. Hopes for more central bank stimulus have been winning out in equity markets, for now, though this is juxtaposed by fears that a number of major economies are simultaneously heading for recession, with a number of developing-world economies with high dollar debt levels are particularly exposed to the shifting financial cycle. Read more

XE Market Analysis: Asia - Aug 15, 2019

By: XE Market Analysis

The Dollar was mostly firmer through the N.Y. session on Thursday, with gains coming on the back of decent U.S. data. Trade angst remains front and center, which has tended to support the USD and JPY this week. EUR-USD faded to two-week lows of 1.1092 before recovering over 1.1115. Read more

XE Market Analysis: US Dollar Remains Sticky Amidst Chinese Retaliation Act

By: xemarketanalysis

OVERVIEW Investor pour flows into traditional safe-haven assets Euro drops below 1.12 handle over fears of a recession. WTI Crude oil drops for the second day in a row after Chinese declarations of trade policy intentions. HIGHLIGHT The British Pound continues to make a steady recovery against the greenback. Read more

XE Market Analysis: North America - Aug 15, 2019

By: XE Market Analysis

A revival in risk-off positioning saw the Yen more than recover losses seen earlier in the day, while S&P 500 went from showing a 0.7% gain to a 0.6% loss in overnight trading. Beijing's vow to take "necessary countermeasures" rekindled investor anxiety, offsetting President Trump's decision to delay the latest earmarked tariffs to December from September. Read more

XE Market Analysis: Europe - Aug 15, 2019

By: XE Market Analysis

The Aussie Dollar rallied on Australian employment data, which expanded by 41k, well up on the median forecast for a 14k rise and with full-time positions making up a solid 34.5k of the total. Despite a 2.8% closing loss in the local ASX equity index, which markedly underperformed other Asian indexes, the data catalyzed a short-covering reaction in the forex market, lifting the recently heavily shorted AUD-USD pairing and AUD-JPY cross. Read more

XE Market Analysis: Asia - Aug 14, 2019

By: XE Market Analysis

The Dollar was mostly firmer in N.Y. on Wednesday, with severe risk off conditions helping the USD and JPY. Wall Street melted down as the 2-10 year Treasury curve inverted for the first time since 2006, indicating heightened risk for a recession at some point in 2020. Read more

XE Market Analysis: The FX Market is Unimpressed After the Trump Administration Decides to Apply Tariffs Drip by Drip.

By: xemarketanalysis

OVERVIEW Gold consolidates near its highest level since April 2013 over a global economic slowdown. USD/CAD is toying with the upper range of 1.32-1.33 over weak oil prices. Read more

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