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XE Market Analysis: North America - Oct 25, 2019

By: XE Market Analysis

Directionally inactive best describes trading among the main currencies so far today. The Brexit process has become snarled up (again), and market narratives are expressing a wariness ahead of top-level talks between U.S. and Chinese officials later today, and into monetary policy meetings at the Fed and BoJ next week. Read more

XE Market Analysis: Europe - Oct 25, 2019

By: XE Market Analysis

The dollar has been holding steady against most other currencies to far today, losing a little ground to the Australian and Canadian dollars, but remaining comfortably within respective ranges from yesterday. EUR-USD has been holding steady just above 1.1100, and USD-JPY has been amid a narrow chop around the 108.50-60 area. Read more

XE Market Analysis: Asia - Oct 24, 2019

By: XE Market Analysis

The Dollar was higher in N.Y. traded on Thursday, despite weak U.S. durable goods orders, mixed equities, and lower Treasury yields. Most of the USD gains came at the expense of the Euro and pound, as EUR-USD slipped under 1.1100 following a dovish ECB outlook, while Sterling slid on Brexit uncertainty, later recovering some as PM Johnson called a December 12 election. Read more

XE Market Analysis: North America - Oct 24, 2019

By: XE Market Analysis

The dollar picked up some demand after a bout of weakness, while the Australian and New Zealand dollars came under some pressure. EUR-USD carved out a high at 1.1162 before tumbling back to the lower 1.1100s. Cable settled back around the 1.2900 mark after an early London pop to 1.2950, continuing a choppy consolidation below the five-month peak seen on Tuesday at 1.3012, which was the culmination of a pronounced phase of sterling outperformance. Read more

XE Market Analysis: Europe - Oct 24, 2019

By: XE Market Analysis

The dollar has retained a softening bias against most currencies, which has seen EUR-USD carve out a high at 1.1142 and Cable a peak of 1.2928, up from respective lows from yesterday at 1.1106 and 1.2841. One exception is the case of USD-JPY, which has remained buoyant with the yen underperforming most other currencies amid a backdrop of cautious risk taking in global markets. Read more

XE Market Analysis: Asia - Oct 23, 2019

By: XE Market Analysis

The Dollar was largely sideways through the N.Y. session on Wednesday, confining the DXY to a narrow 97.52 to 97.61 trading range. There was little in the way of data to provide direction, while stocks and yields were nearly flat on the day as well. EUR-USD traded sideways between 1.1112 and 1.1125, and will likely remain unmoved into Thursday's ECB meeting, where no policy changes are expected. Read more

XE Market Analysis: North America - Oct 23, 2019

By: XE Market Analysis

Both the pound and the euro came under pressure against most other currencies amid fast-moving Brexit developments, with both currencies correcting after recent outperformance. Cable posted a five-day low at 1.2841, which extended the decline from the five-month peak seen on Tuesday at 1.3012. Read more

XE Market Analysis: Europe - Oct 23, 2019

By: XE Market Analysis

The pound has taken a rotation lower following the UK Parliament's rejection of PM Johnson's program bill to fast track the ratification of the EU withdrawal legislation. This means that Brexit will not happen on October 31, unless the EU decided to refuse an extension -- which is highly unlikely, as Brussels will not want to get the blame for a no-deal Brexit scenario (the pound would be crashing if markets believed that it was of a mind not to grant an extension). Read more

XE Market Analysis: Asia - Oct 22, 2019

By: XE Market Analysis

The Dollar was a bit lower in N.Y. on Tuesday, though generally rangebound overall. Softer existing home sales has little impact, while Treasury yields were slightly lower, and Wall Street mixed. The USD has traded significantly lower since the start of the month, in large part due to Brexit driven gains seen in the Pound and Euro, but also soft-ish U.S. Read more

XE Market Analysis: Europe - Oct 22, 2019

By: XE Market Analysis

Commodity currencies posted fresh highs while the yen retained a softening bias amid a backdrop of rising global equity markets following upbeat rhetoric from both the U.S. and Chinese officials. Q3 corporate earnings have so far been positive, albeit with expectations having been guided lower in the run in to the show-and-tell season. Read more

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