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

AD

XE Market Analysis: Europe - Nov 12, 2020

By: XE Market Analysis

Some reversal in recent positioning themes has been seen, with the dollar bloc and pound softening against the dollar, and the yen outperforming moderately. This dynamic has been concomitant with global stock markets, outside the case of Japan, flagging. Read more

XE Market Analysis: North America - Nov 11, 2020

By: XE Market Analysis

The dollar has firmed against the euro and other European currencies outside the case versus the pound, which posted two-months against both the dollar and yen, while holding steady-to-lower against the dollar bloc. The risk-on mood has continued. Europe's Stoxx 600 equity index rallied to its best levels in eight months, and S&P 500 E-mini futures were showing a gain of nearly 0.8% as of the early afternoon in London. Read more

XE Market Analysis: Europe - Nov 11, 2020

By: XE Market Analysis

The New Zealand dollar has rallied strongly with markets pricing out expectations for the RBNZ to implement negative interest rates after the central bank stated at its policy review today that around 100bp less stimulus is seen as necessary. Governor Orr said that the domestic economy has been more resilient than previously assumed. Read more

XE Market Analysis: Asia - Nov 10, 2020

By: XE Market Analysis

The Dollar remained relatively firm in N.Y. trade on Tuesday, managing a four-session high. The DXY traded to 92.97 highs on an intraday basis, just above Monday's peak. There was little in the way of news or data to drive the FX market, though Monday's good news on the vaccine front, and prospects for a quicker U.S. Read more

XE Market Analysis: North America - Nov 10, 2020

By: XE Market Analysis

A rally in the pound punctuated an otherwise directionally uninteresting session during the London morning, with the forex market largely in consolidate mood after yesterday's outsized rally in dollar bloc and other commodity-correlating currencies against the yen. Read more

XE Market Analysis: Europe - Nov 10, 2020

By: XE Market Analysis

The main currencies have settled in comparatively narrow ranges after yesterday's outsized rally in dollar bloc and other commodity-correlating currencies against the yen. The dollar has also settled after rising by over 2% versus the yen and, by to a much more moderate extent, against the euro and other European currencies, which collectively found themselves in the underperforming lane due to the relatively tight Covid restrictions across the region. Read more

XE Market Analysis: Asia - Nov 09, 2020

By: XE Market Analysis

After hitting a better than two-month low overnight, the Dollar turned higher in N.Y. trade on news that Pfizer and BioNTech Covid vaccine appears to be very effective. This saw equity markets soar, and U.S. Treasury yields headed higher. The greenback initially fell on safe-haven outflows as sa result of the sharp risk-on conditions, though later turned higher, as prospects for a solid U.S. Read more

XE Market Analysis: North America - Nov 09, 2020

By: XE Market Analysis

The dollar posted fresh lows, continuing last week's theme as global stock markets and commodity prices surged. EUR-USD posted an eight-week high at 1.1899, while the DXY dollar index concurrently printed new two-month low at 92.13. Sharp weakness in the Japanese currency saw USD-JPY buck the dollar weakening theme. Read more

XE Market Analysis: Europe - Nov 09, 2020

By: XE Market Analysis

The dollar has posted fresh trend lows, continuing last week's weakening theme. It's notable that the dollar has continued to decline despite Friday's unambiguously solid U.S. jobs report and that it has remained heavy in the new week, which is revelatory of where sentiment is with regard to the U.S. Read more

XE Market Analysis: Asia - Nov 06, 2020

By: XE Market Analysis

The DXY fell to its lowest level since September 1 in N.Y. trade on Friday, with the index printing four-straight lower daily lows this week. Pressure earlier came as risk-on conditions prevailed following the election, where most assumed a split Congress would keep taxes from rising and preserve business deregulation which has been seen four nearly four years. Read more

Pages

Paste link in email or IM