Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News

AD

XE Market Analysis: Asia - Jul 14, 2020

By: XE Market Analysis

The Dollar was slightly lower overall on Tuesday in N.Y., though trading ranges were generally narrow. A warmer than expected June CPI print had little impact on markets. Wall Street was choppy, though ultimately found a footing in positive territory on some better than expected earnings from JP Morgan and Citigroup, while Treasury yields were slightly lower. Read more

XE Market Analysis: North America - Jul 14, 2020

By: XE Market Analysis

The dollar firmed moderately and then weakened moderately, while the pound underperformed and the euro outperformed. Asian and European stock markets declined, following Wall Street's negative close yesterday, while U.S. index futures lifted. S&P 500 futures were off the highs but showing a 0.3% gain as of the early afternoon in Europe. Read more

XE Market Analysis: Europe - Jul 14, 2020

By: XE Market Analysis

The dollar is firmer relative to levels prevailing at the London close yesterday. Wall Street closed lower, and while U.S. equity index futures have rebounded some today, Asian markets have declined, although Chinese and other markets pared losses following data showing unexpected strength in China's June import and export data (which rose by 2.7% y/y and 0.5% y/y, respectively, versus median forecasts for -10.0% and -1.5%). Read more

XE Market Analysis: Asia - Jul 13, 2020

By: XE Market Analysis

The Dollar was mixed in N.Y. trade on Monday, falling versus Euro and Pound, while posting gains against the CAD and Yen. FX Trade was relatively quiet overall, and largely driven by the risk-on backdrop, following more good news on the COVID vaccine front, that Pfizer and BioNTech received fast track status from the FDA for development of two COVID vaccines. Read more

XE Market Analysis: North America - Jul 13, 2020

By: XE Market Analysis

The dollar and yen had traded softer amid risk-on positioning in global markets. The narrow trade-weighted USD index fell below Friday's low at 96.44 on route to 96.39. Last Thursday's one-month low is at 96.24. EUR-USD lifted to a four-day peak at 1.1336, and Cable also rose above its Friday peak in posting a high at 1.2666 before settlign lower. Read more

XE Market Analysis: Europe - Jul 13, 2020

By: XE Market Analysis

Risk-on positioning has seen the dollar and yen soften in currency markets. The narrow trade-weighted USD index fell below Friday's low at 96.44 on route to 96.39. Last Thursday's one-month low is at 96.24. EUR-USD lifted to a four-day peak at 1.1336. Read more

XE Market Analysis: Asia - Jul 10, 2020

By: XE Market Analysis

The Dollar traded lower through the morning session, as risk taking levels improved following positive news on COVID vaccine development, as Pfizer and BioNTech said a COVID vaccine will be ready by December. In addition, a new study on Remdesivir indicated the drug reduced virus death risk by 62%. Read more

XE Market Analysis: North America - Jul 10, 2020

By: XE Market Analysis

The dollar lifted out of lows seen during the Asia-Pacific session ahead of the London open. This came as European stock markets posted modest gains, and with U.S. index futures having pared back some of their overnight session declines. The U.S. 10-year T-note yield has also come close to testing its April low at 0.570%, which has been cited as a dollar negative in some market narratives. Read more

XE Market Analysis: Europe - Jul 10, 2020

By: XE Market Analysis

Risk-on positioning has supported the dollar and yen weighing driving underperformance in commodity and other currencies with a higher beta characteristic. Multiplying coronavirus infections across the U.S. and in other places across the world, including Tokyo, Hong Kong, Melbourne, along with a number of clusters in Europe, have spooked investors. Read more

Pages

Paste link in email or IM