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XE Market Analysis: Brexit, A Shakespearean Tragedy, Sends the Pound to 7-month Low

By: xemarketanalysis

OVERVIEW The Dollar Index, up 0.4%, is near an 11-month high. The Euro continues to slide lower after dovish comments from Draghi. Canadian Loonie sees a new bottom, knocking on 1.33 post. WTI loses another Dollar, trading near $64.75 barrel. HIGHLIGHT Scandinavian currencies are under pressure this morning; the main driver being Sino-US trade tensions. Read more

XE Market Analysis: North America - Jun 19, 2018

By: XE Market Analysis

The yen outperformed and dollar bloc and emerging market currencies underperformed amid global stock market declines after President Trump threatened China with $200 bln of fresh tariffs. A concurrent theme was euro weakness following remarks by ECB policymakers. Read more

XE Market Analysis: Europe - Jun 19, 2018

By: XE Market Analysis

The yen has rallied amid a risk averse backdrop, with stock markets in Asia and U.S. equity index futures dropping sharply after President Trump threatened China with $200 bln of fresh tariffs. USD-JPY has so far dropped to a six-session low at 109.63, and the pair is very much amid a downward path just ahead of the London interbank open. Read more

XE Market Analysis: Asia - Jun 18, 2018

By: XE Market Analysis

The dollar traded sideways in N.Y. on Monday, with major dollar pairings holding inside of narrow ranges. There was no data to drive prices, though trade war concerns kept Wall Street under pressure. EUR-USD ranged between 1.1595 and 1.1620, while USD-JPY was stuck between 110.38 and 110.53. Read more

XE Market Analysis: Risk Aversion Takes Gold

By: xemarketanalysis

OVERVIEW Pound weaker ahead of BoE meeting and Brexit concerns. Loonie solid on oil price hike ahead of the OPEC meeting this week. Euro under pressure on interest rate outlook. HIGHLIGHT The Swiss Franc and Japanese Yen have taken a large portion of the buying today as traders continue to worry about the impact of trade tariffs and political instability across the globe. Read more

XE Market Analysis: North America - Jun 18, 2018

By: XE Market Analysis

The dollar traded with little committed direction, overall, although it gained against an underperforming pound, as markets anticipate the BoE MPC meeting this week, and losing some ground to the yen, which was buoyed by burgeoning risk-off vibe in global markets. Read more

XE Market Analysis: Europe - Jun 18, 2018

By: XE Market Analysis

The dollar majors have posted narrow ranges so far today, heading into the London interbank open. EUR-USD has consolidated in a narrow range, for instance, just above Friday's three-week low at 1.1543, USD-JPY dipped to a low of 110.30, which is 60 pips below the high that was seen on Friday. Read more

Weekly Indicators: swan song edition

By: New_Deal_democrat

(SPECIAL NOTE: This will be the last edition of "Weekly Indicators" to be posted as XE. Beginning next week, Weekly Indicators will be published exclusively at Seeking Alpha. Bookmark this link to begin: https://seekingalpha.com/user/49540393 to find it. Read more

XE Market Analysis: Asia - Jun 15, 2018

By: XE Market Analysis

Yields fell, stocks fell, as did the dollar in N.Y. on Friday. The announcement of U.S. tariffs on China imports was greeted with China saying it would impose matching tariffs on U.S. goods. Commodities were lower, as those markets began pricing in a full-bore trade war. Read more

XE Market Analysis: Euro Crashing Down Like Pieces of Jenga

By: xemarketanalysis

OVERVIEW DXY Index consolidates near 2018 high. The Euro is recovering after falling in a 200-basis point sinkhole. Canadian Loonie nosedives to its lowest level in 2018 as US tariffs bite. WTI slides again, loses 21 cents, trading near $66.65 barrel. HIGHLIGHT The Argentine Peso is making a dramatic comeback, up nearly 3.10% against the Greenback this morning. Read more

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