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about 10 days ago

XE Market Analysis: The Currency Market is Turbulent with US Jobs Data, Fed Speech and Political Tension

By: xemarketanalysis

OVERVIEW The US non-farm payroll numbers weren't as strong as forecast, but a new record low unemployment watermark has been reached Currency investors should look to listen in to Fed Chair Powell's speech if it's not on their calendar already Reception of PM Johnson's revised Brexit separation plan has been tepid at best HIGHLIGHT At 2 PM ET, investors will also tune in to Fed Chair Powell’s speech at the #FedListens online event. Read more

about 10 days ago

XE Market Analysis: North America - Oct 04, 2019

By: XE Market Analysis

The dollar majors have hunkered down in narrow ranges ahead of the release of the September U.S. non-farm payrolls report, which is being looked upon as having potential to mark an inflection point in the course of world's biggest economy following a slew of recessionary-portending data releases. Read more

about 10 days ago

XE Market Analysis: Europe - Oct 04, 2019

By: XE Market Analysis

The dollar has settled above yesterday's lows as markets anticipate today's release of the September non-farm payrolls report out of the U.S., which follows a run of recessionary-portending data this week. EUR-USD has ebbed back to the mid-to-upper 1.0900s, below yesterday's 10-day peak at 1.0999, and USD-JPY has settled around 106.75-85, above the one-month low seen yesterday at 106.48. Read more

about 11 days ago

XE Market Analysis: Asia - Oct 03, 2019

By: XE Market Analysis

The Dollar nose-dived to seven-session lows in N.Y. trade on Thursday, the move coming in the aftermath of a big miss in the services ISM. The DXY fell from 99.06 highs at the open, to 98.65 lows, before recovering slightly. The weaker data ramped up recession fears and prospects for another Fed rate cut in October, both detrimental to the USD. Read more

about 11 days ago

XE Market Analysis: Sterling Surges as the “Backstop” Makes an Exit

By: xemarketanalysis

OVERVIEW British Parliamentarians, citizens and expats all eagerly await the response from the EU on PM Johnson's revised separation proposal Consumers steel themselves to learn what EU products will have US tariffs applied to them US consumer confidence slips HIGHLIGHT Financial markets are bracing themselves for a new wave of trade taxes from the US on EU products. Read more

about 11 days ago

XE Market Analysis: Sterling Surges as the “Backstop” Makes an Exit

By: xemarketanalysis

OVERVIEW British Parliamentarians, citizens and expats all eagerly await the response from the EU on PM Johnson's revised separation proposal Consumers steel themselves to learn what EU products will have US tariffs applied to them US consumer confidence slips HIGHLIGHT Financial markets are bracing themselves for a new wave of trade taxes from the US on EU products. Read more

about 11 days ago

XE Market Analysis: North America - Oct 03, 2019

By: XE Market Analysis

The dollar found a footing, paring losses after seeing fresh lows against the euro and yen. The Swiss franc underperformed notably, and was showing losses of around 0.5% at its lows against the dollar, euro and yen. Suspicions of SNB intervention abounded. Read more

about 11 days ago

XE Market Analysis: Europe - Oct 03, 2019

By: XE Market Analysis

The dollar has steadied after descending against most of the other main currencies amid a deepening sense that the U.S. economy is in the grip of significant slowdown, if not heading to a recession. There was still some price dynamics to note, with USD-CAD, one of the few pairings where the U.S. Read more

about 12 days ago

XE Market Analysis: Asia - Oct 02, 2019

By: XE Market Analysis

The Dollar pulled back in N.Y. on Wednesday, taking the DXY to 98.96 lows from 99.41 into the U.S. open. Recession fears following weak manufacturing ISM on Tuesday and not exactly stellar ADP jobs report saw stocks, Treasury yields, and the USD all take a trip lower. Read more

about 12 days ago

XE Market Analysis: Fear of Global Economic Meltdown Turns Investors Cautious

By: xemarketanalysis

OVERVIEW US Dollar regains stability after taking an overnight dip PM Johnson unveils a final Brexit separation proposal ahead of the October 31st cliff date. The Canadian dollar remains stable as GDP remains steady HIGHLIGHT There is growing concern that US economic growth could be coming to a halt. Read more

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