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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

XE Market Analysis: Asia - Oct 21, 2019

By: XE Market Analysis

The Dollar advanced slightly overall in N.Y. trade on Monday, after sliding lower overnight, and through much of the last week. Gains in Sterling and the Euro have been the major weight on the USD of late, as Brexit appears about ready to be sewn up in the not too distant future. Read more

XE Market Analysis: Brexit Drama and US China Trade Talks Continue, Canadians Head to Polls

By: xemarketanalysis

OVERVIEW The Brexit vote did not go PM Johnson's way, and Speaker John Bercow blocked a vote on the Brexit deal in Parliament today Trade talks between the US and China are said to be trending positively Canadians are flocking to the polls across the Great White North today. Read more

XE Market Analysis: North America - Oct 21, 2019

By: XE Market Analysis

Sterling has rallied to fresh five-month highs against the dollar, at 1.3011. This makes this week the third consecutive week where the previous week's peak has been breached. This is also potentially the eighth week the pair has rallied out of the last 11 weeks. Read more

XE Market Analysis: Europe - Oct 21, 2019

By: XE Market Analysis

The pound, and to a lesser extent the euro, wobbled in Asia following the weekend's developments on the Brexit front. Parliament voted in favour of the Letwin amendment, which forced the government to request a three-month delay in Brexit -- although not actually intended prevent Brexit on October 31, but rather to ensure that Parliament has successfully ratified PM Johnson's divorce deal before October 31 and so guarantee that a no-deal scenario could not happen. Read more

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