Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News

AD

XE Market Analysis: Asia - Dec 13, 2019

By: XE Market Analysis

The Dollar index fell to five-month lows of 96.59 after the N.Y. session on Thursday, down from N.Y. closing highs of 97.27. The move came following the U.K. exit poll, indicating the Tories would win a large majority. This saw the Pound surge, dragging the EUR up with it. Read more

XE Market Analysis: North America - Dec 13, 2019

By: XE Market Analysis

Sterling settled after surging over 2% versus the dollar, euro and yen (averaged) on the initial exit poll that accurately predicted the landslide win for the Conservative Party in the UK's general election. Key takeaways include, 1, the SNP dominated in Scotland, winning 81% of the seats there, meaning that there will be a vigorous push for Scottish independence; 2, the Brexit Party, as expected, didn't win a single seat, but syphoned votes away from Labour in many seats in the Midlands and the North of England; 3, the size of the Conservative Party's win is such that the influence of the hardcore Brexit faction of the party has been diluted, which should give PM Johnson leeway in his upcoming negotiations with EU on a future trade deal. Read more

XE Market Analysis: Europe - Dec 13, 2019

By: XE Market Analysis

Sterling is up by over 2% versus the dollar, euro and yen (averaged) in light of the unexpectedly large win for the Conservative Party in the UK's general election. With 647 of the 650 House of Commons seats declared, the Conservatives have 362 seats, a gain of 47 seats, versus Labour's 203, a loss of 59 seats. Read more

XE Market Analysis: Asia - Dec 12, 2019

By: XE Market Analysis

The DXY bounced from four-month lows of 97.04 in N.Y. trade on Thursday, taking the index to 97.51 highs after the London close. Cooler U.S. PPI, along with a surge in jobless claims saw the USD dip a bit early, though a Trump tweet saying "Getting VERY close to a BIG DEAL with China. Read more

XE Market Analysis: North America - Dec 12, 2019

By: XE Market Analysis

Sterling has seen some chop as the UK public head to the voting booths today, first posting a fresh trend high against the dollar before coming under position-squaring pressure. Cable dropped by over half a big figure after earlier logging an eight-and-a-half high at 1.3229. Read more

XE Market Analysis: Europe - Dec 12, 2019

By: XE Market Analysis

The yen has printed fresh lows against the euro, Australian dollar and a number of other currencies, though USD-JPY edged out a two-day low in context of a less than 20-pip range. The declines in the Japanese currency come against the backdrop of global equity markets holding buoyant, although market optimism is guarded about the U.S. Read more

XE Market Analysis: North America - Dec 11, 2019

By: XE Market Analysis

The dollar has seen ranges of no more than 20 pips against both the euro and yen so far today, while posting losses to the Australian dollar and the pound. The UK currency retraced some of the sharp declines seen late yesterday following the release of the latest YouGov poll --- using its famed MRP methodology (massive survey size and deep analysis to take in account of local factors), and which correctly called 93% of seats in the 2017 election -- showing on the eve of the UK's general election that a Conservative majority of 28 seats is likely, down from 68 seats the same poll predicted two weeks ago. Read more

XE Market Analysis: Europe - Dec 11, 2019

By: XE Market Analysis

The pound has taken a rotation lower following the latest YouGov poll, using its famed MRP methodology (massive survey size and deep analysis to take in account of local factors), and which was the model which correctly called 93% of seats in the 2017 election, showed that a smaller Conservative majority of 28 seats is likely -- down from 68 seats the same survey predicted two weeks ago. Read more

XE Market Analysis: Asia - Dec 10, 2019

By: XE Market Analysis

The Dollar was touch lower in N.Y. trade on Tuesday, though the DXY remained inside of the week's range so far, basing at 97.44 from highs of 97.60 seen during the morning session. A report that the U.S. and China are discussing delaying new U.S. tariffs set to kick off this Sunday, and the USMCA trade agreement announced had mixed impact on the USD, supporting the risk-sensitive USD-JPY, while seeing the Euro post gains as safe-have USD flows were reversed some. Read more

Pages

Paste link in email or IM