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XE Market Analysis: Asia - Sep 06, 2019

By: XE Market Analysis

The Dollar ended the Friday N.Y. session about where it started, falling initially on a softer non-farm payroll outcome, though later moving higher as the better internal components of the jobs report offset to a degree. Earnings and participation rate were stronger than forecasts. Read more

XE Market Analysis: North American Non-Farm Job Growth Beats Estimates

By: xemarketanalysis

OVERVIEW The US economy added about 130,000 jobs, shy of the forecast 163,000 The Canadian dollar climbed for the third consecutive session after 81,000 new Canadian jobs added to the workforce. Optimism springs eternal that a no-deal Brexit can be reached after another extension or election. Read more

XE Market Analysis: North America - Sep 06, 2019

By: XE Market Analysis

The Dollar majors have remained within respective Thursday ranges, though some yen and Swiss franc cross rates have clawed out fresh highs, with GBP-JPY and AUD-CHF, for instance both seeing new one-month highs. EUR-USD has settled below 1.1050 after yesterday printing an eight-day high at 1.1084, which extended the rebound from the 28-month low that was seen earlier in the week at 1.0926. Read more

XE Market Analysis: Europe - Sep 06, 2019

By: XE Market Analysis

The Dollar majors have remained within respective Thursday ranges, though some Yen and Swiss Franc cross rates have clawed out fresh highs, with GBP-JPY and AUD-CHF, for instance both seeing new one-month highs. The backdrop remains one of a cautious risk-back-on sentiment, with investors finding tonic from the U.S. Read more

XE Market Analysis: Asia - Sep 05, 2019

By: XE Market Analysis

The Dollar was under some pressure early in the session, amid risk-on conditions on the back of new trade negotiation plans between the U.S. and China in October. The Greenback later turned higher following a stronger ADP jobs report, and a sharper rebound in the services ISM. Read more

XE Market Analysis: Sterling Rises, PM Johnson Causes National Facepalming Craze

By: xemarketanalysis

OVERVIEW PM Boris Johnson loses another vote in the British Parliament, this time it saves his job British House Speaker John Bercow tells the Chancellor of the Duchy to "Be a good boy, young man!" The pound defies the gravity of the drama in parliament and rises HIGHLIGHT The market is also seeing a move away from traditional safe-haven currencies with the Japanese Yen and Swiss France trading lower. Read more

XE Market Analysis: North America - Sep 05, 2019

By: XE Market Analysis

The Pound surfed a wave of Brexit relief as the odds for a no-deal Brexit ebb back some in light of political developments in the UK. Cable was a little off its highs heading into the New York interbank open, but still showing a 0.7% on the day, and was up over 3% from the major-trend lows that were seen on Tuesday. Read more

XE Market Analysis: Europe - Sep 05, 2019

By: XE Market Analysis

The Australian Dollar posted a one-month high at 0.6825 against the U.S. buck, benefiting from a backdrop of rallying stock markets in Asia. News that the U.S. and China announced that they would resume trade negotiations early next month sparked a fresh round of risk-on positioning, which helped lift both the Aussie and New Zealand Dollars, both being proxies of China. Read more

XE Market Analysis: Asia - Sep 04, 2019

By: XE Market Analysis

The Dollar fell in Europe, and moved lower still through the U.S. session on Wednesday, taking the DXY to 98.46 lows from mid-morning highs of 98.68 . Risk-on conditions returned fallowing some calm in Hong Kong, once the government's extradition bill was pulled, and after a better China services PMI. Read more

XE Market Analysis: Patient Bank of Canada is Poised to Deliver A Halloween Rate Cut

By: xemarketanalysis

OVERVIEW Bank of Canada holds rates at 1.75 for now, teeing up a Hallowe'en rate cut treat next month The Brexit rollercoaster continues, as PM Johnson's attempts to prorogue parliament failed, and it seems the UK is headed for a snap October 15th Election The US Dollar is bearish following a weak ISM PMI report HIGHLIGHT The Bank of Canada lived up to expectations with by holding the overnight interest rate at 1.75%. Read more

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