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about 7 years ago

XE Market Analysis: North America - Sep 12, 2013

By: XE Market Analysis

The dollar edged up in early Europe, but overall it consolidated at easier levels following Tuesday's correction. Setting the tone overnight was an extended USD-JPY move into 99.20 as weak longs bailed following yesterday's failure to sustain 100.00. This kept EUR-USD close to 1.3300, although upside progress was capped by resistance at 1.3330, EUR-JPY supply from a Middle Eastern account and EUR-GBP hedging related to EU subsidies. Read more

about 7 years ago

XE Market Analysis: Europe - Sep 12, 2013

By: XE Market Analysis

The dollar consolidated losses in Asia, leaving EUR over 1.3300 and Cable above 1.5800. USD-JPY continued to disappoint on the topside and headed through support at 99.50 to trade at 99.40 lows. AUD was the standout mover. It edged out highs just over 0.9350 and then plunged to 0.9250 as Australia August jobs fell 10.8k, which was much weaker than expected and saw the unemployment rate rise a notch to 5.8%. Read more

about 7 years ago

XE Market Analysis: Asia - Sep 11, 2013

By: XE Market Analysis

The dollar moved lower versus the euro in N.Y. trade on Wednesday, with the bulk of buying coming into the 10:00 EDT option expiry. Maturities at 1.3300 were noted, and attracted good attention. Option related offers revealed themselves after the expiry, though the pairing eventually made its way to highs over 1.3320. Read more

about 7 years ago

XE Market Analysis: North America - Sep 11, 2013

By: XE Market Analysis

GBP was the main mover in Europe as U.K. employment data came in much stronger than expected. Hedge funds that positioned for the upside from 1.5730 ahead of the release booked profit after it hit 1.5827 highs and it ended the European morning close to 1.5760, leaving it moderately firmer intra-day. Read more

about 7 years ago

XE Market Analysis: Europe - Sep 11, 2013

By: XE Market Analysis

The G10 FX is consolidating in early Europe, but the risk backdrop is positive. U.S. President Obama has postponed a Congress vote on military action against Syria and will pursue the diplomatic route after Russia proposed a Syrian handover of all chemical weapons. Read more

about 7 years ago

XE Market Analysis: Asia - Sep 10, 2013

By: XE Market Analysis

The dollar was mostly easier in light N.Y. trade on Tuesday, though the euro was unable to advance to the 1.33 handle. USD-JPY did firm up however, moving over 100.40, and aided by EUR-JPY buying interest. The U.S. calendar was empty, though stocks managed another rally, mostly on the back of hopes for a diplomatic solution in Syria. Read more

about 7 years ago

XE Market Analysis: North America - Sep 10, 2013

By: XE Market Analysis

The dollar trended lower in Asia after it extended losses after yesterday's European close. However, consolidation set in during quiet European trade. Sentiment was positive overall as Syria tension dropped off as leaders consider Russian proposals that could see Syrian chemical weapons come under international control. Read more

about 7 years ago

XE Market Analysis: Europe - Sep 10, 2013

By: XE Market Analysis

The dollar maintained easier levels in Asia after it extended losses after yesterday's European close. Equity market investors took some encouragement that tensions surrounding the situation were easing up a bit as U.S. and other leaders debate how the situation can be resolved. Read more

about 7 years ago

XE Market Analysis: Asia - Sep 09, 2013

By: XE Market Analysis

The dollar continued its decline on Monday in N.Y., adding to Friday's post-jobs report losses. Uncertainty over Syria and Fed taper remained through the session, though Russia urged Syria to put chemical weapons under international control, if that would avert military strikes. Read more

about 7 years ago

XE Market Analysis: North America - Sep 09, 2013

By: XE Market Analysis

The dollar traded on the easier side as risk appetite held up. The dollar continued where it left off after Friday's NFP data failed to provide clarity on the Fed outlook. EUR rose from the 1.3170 area in early Europe and traded into 1.3200 as Eurozone Sentix confidence data moved into positive territory for the first time since July 2011. Read more

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