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XE Market Analysis: Boris and Brexit and Banks, Oh My!

By: xemarketanalysis

OVERVIEW The FOMC takes the stage again in the latest episode of the Rate is Right Canada's economy continues to grow incrementally Meanwhile, the European economy continues to retract incrementally HIGHLIGHT The currency market is set for a bumpy session today with all eyes cast on the Federal Reserve. Read more

XE Market Analysis: North America - Jul 31, 2019

By: XE Market Analysis

Narrow ranges have been prevailing into the Fed's policy announcement later. EUR-USD settled lower, back under 1.1150, after earlier edging out a four-session high at 1.1162. The 25-month low seen last week at 1.1101 remains in scope. USD-JPY continued to ply a relatively narrow range in the mid 108.00s, while Sterling has settled above yesterday's major-trend lows, although with little sign of even a half decent dead-cat bounce as markets weigh higher odds for a no-deal Brexit scenario under the new UK prime minister, Boris "I'm serious about a no-deal" Johnson. Read more

XE Market Analysis: Europe - Jul 31, 2019

By: XE Market Analysis

The Dollar majors have settled in narrow ranges ahead of the Fed's policy announcement later today (14:00 ET, or 19:00 GMT), although EUR-USD managed to eke out a four-session high at 1.1162, putting in a little extra space from the 25-month low seen last week at 1.1101. Read more

XE Market Analysis: Asia - Jul 30, 2019

By: XE Market Analysis

The Dollar advanced slightly through the N.Y. morning session on Tuesday, taking its cue from better U.S. personal earnings, consumption and confidence data. The Greenback eased back slightly after the London close, with position squaring interest noted ahead of Wednesday's FOMC announcement. Read more

XE Market Analysis: North America - Jul 30, 2019

By: XE Market Analysis

The Dollar has traded mixed, seeing fresh highs against the underperforming Pound, holding steady versus the Euro while losing ground to the Yen, which firmed up after the BoJ left policy settings changed, as expected, while maintaining its existing policy bias, which disappointed some who had been looking for something a more specific. Read more

XE Market Analysis: Europe - Jul 30, 2019

By: XE Market Analysis

The Dollar majors have been plying narrow ranges in early-week, pre-risk event trading. The resumption of person-to-person dialogue between the U.S. and China this week, and the FOMC, which starts tomorrow and concludes on Wednesday, are keeping market participants sitting on their hands for now, who are taking a circumspect view on the chances for meaningful progress in the case of the former, while being uncertain about how much further easing the Fed will be considering following a fully-anticipated 25 cut on Wednesday. Read more

XE Market Analysis: Asia - Jul 29, 2019

By: XE Market Analysis

The Dollar index rallied to near two-month highs of 98.16 in N.Y. morning trade on Monday, later easing back to 98.05 into the London close. There was little in the way of incoming U.S. data, with the only item on the docket being the Dallas Fed index, which improved slightly as expected. Read more

XE Market Analysis: North America - Jul 29, 2019

By: XE Market Analysis

EUR-USD settled above the 25-month low seen last week at 1.1101, which was seen before the ECB policy announcement last Thursday, with its refrain from easing having buoyed the Euro somewhat. The big focus this week is on the Fed, with the two-day FOMC gathering concluding on Wednesday. Read more

XE Market Analysis: Europe - Jul 29, 2019

By: XE Market Analysis

The Dollar majors have been plying narrow ranges in early-week, pre-risk event trading. The resumption of person-to-person dialogue between the U.S. and China this week, and the FOMC, which starts tomorrow and concludes on Wednesday, are keeping market participants sitting on their hands for now, who are taking a circumspect view on the chances for meaningful progress in the case of the former, while being uncertain about how much further easing the Fed will be considering following a fully-anticipated 25 cut on Wednesday. Read more

XE Market Analysis: Asia - Jul 26, 2019

By: XE Market Analysis

The Dollar advanced in N.Y. trade on Friday, buoyed by a slightly better preliminary read on Q2 GDP. Word from White House adviser Kudlow, that the U.S. would not intervene to weaken the USD likely helped the unit higher. Trump has been concerned that trading partners may be manipulating their currencies to gain trade advantages. Read more

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