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about 7 years ago

XE Market Analysis: Europe - Jun 12, 2014

By: XE Market Analysis

The NZD surged on the RBNZ rate hike and guidance, as the central bank signalled further tightening to come, albeit projecting a slightly more gradual run of increases than expected in March. Today's 25 bp hike, the third so far this year, takes the official cash rate to 3.25% and left its forecast of the 90-day bill rate unchanged, which suggests two more quarter-point hikes are in the pipeline. Read more

about 7 years ago

XE Market Analysis: Asia - Jun 11, 2014

By: XE Market Analysis

There was not much excitement in FX Land in N.Y. on Wednesday, with the greenback turning mixed early, before flat-lining for much of the remainder of the session. EUR-USD touched highs of 1.3655 early, then settle into a 1.3525-40 band into the close. Read more

about 7 years ago

Recent UK Numbers Point to Stronger UK Economy and Pound

By: HaleStewart

Over the last 48 hours, several news releases indicate the UK economy is strengthening further, adding more upward pressure on the pound. Let's start with the index of production: •Production output increased by 3.0% between April 2013 and April 2014. Read more

about 7 years ago

XE Market Analysis: North America - Jun 11, 2014

By: XE Market Analysis

The dollar firmed against a generally weak euro, but lost ground to the yen, sterling and the outperforming Australian and New Zealand dollars. EUR-USD carved out a fresh low of 1.3521 in Asia, and subsequently re-tested this level during the London AM. Read more

about 7 years ago

XE Market Analysis: Europe - Jun 11, 2014

By: XE Market Analysis

EUR-USD carved out a fresh low of 1.3521 before recouping to the 1.3545 area. This makes it the third consecutive lower low and brings last Thursday's post-ECB low at 1.3503 to within range. Driving the market is the eight-year high in the U.S. benchmark Treasury yield spread over Bunds. Read more

about 7 years ago

XE Market Analysis: Asia - Jun 10, 2014

By: XE Market Analysis

FX trade was very light in N.Y. on Tuesday, keeping EUR-USD inside a 1.3539 to 1.3557 band through the entire session. USD-JPY meanwhile, was confined to 102.22 to 102.41. Aside from U.S. wholesale data, there was nothing on the calendar to drive prices, as equities moved moderately lower, and Treasury yields a bit higher. Read more

about 7 years ago

Ranking the Major Central Banks In the Order of Most Likely to Least Likely to Raise Rates

By: HaleStewart

There are several major events in currency trading that can alter the fundamental trajectory of a currency’s chart. Perhaps at the top of the list is a change in the home country’s interest rates. Below is a list of the big 6 currency countries -- the EU, UK, US, Canada, Japan and Australia – in order from the most likely to raise rates sooner to the most likely to raise rates later. Read more

about 7 years ago

XE Market Analysis: North America - Jun 10, 2014

By: XE Market Analysis

A fresh dive in EUR-USD provided the main action, with the pair dropping quite sharply to a low of 1.3536 after couple of short-lived forays above 1.3600. The move has brought last Thursday's post-ECB low at 1.3503 back into scope. Stop selling was at play through 1.3575, and in EUR-JPY below 139.00. Read more

about 7 years ago

XE Market Analysis: Europe - Jun 10, 2014

By: XE Market Analysis

A decline in USD-JPY was the main show in town in pre-Europe Asian trade. The pair dipped below Monday's low to 102.27, with Friday's low at 102.11 back in in scope after the latest foray above 102.50 proved to be short lived. Decent selling from at the Tokyo fix today got the ball rolling in a market otherwise lacking strong leads. Read more

about 7 years ago

XE Market Analysis: Asia - Jun 09, 2014

By: XE Market Analysis

The dollar was mostly firmer in N.Y. trade on Monday, though trading ranges were very narrow. There was no data to drive markets, while Wall Street was moderately higher, along with Treasury yields. EUR-USD opened under 1.3620, and made its way to 1.3683 lows, before trading at 1.3580-90 through the afternoon session. Read more

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