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XE Market Analysis: Aussies Gain as Tension Eases Between US and China

By: xemarketanalysis

OVERVIEW UK PM reportedly rejects an EU Irish border deal Oil closing in on 2-month highs HIGHLIGHT The U.S. dollar lost ground on competing currencies on Wednesday. Investors were distracted from the Greenback by even more Brexit-inspired tension surrounding the British Pound. Read more

XE Market Analysis: North America - Sep 19, 2018

By: XE Market Analysis

The Dollar traded mostly softer, as did the Yen, against most other currencies amid a backdrop of buoyant global equity markets, although European stock markets showed signs of fatigue following a bullish session in Asia. The USD index (DXY) was showing a 0.2% loss as of the early PM session in Europe. Read more

XE Market Analysis: Europe - Sep 19, 2018

By: XE Market Analysis

The Dollar has continued to trade with a softening bias, aside from the case of USD-JPY, which posted a two-month high at 112.43 amid a backdrop of rallying stock markets in Asia. Sentiment has been buoyed by pledges of pro-investment and pro-growth measures by China, North Korea's Kim vow to work on the "complete denuclearization" of the Korean Peninsula, and with Trump declaring that the U.S. Read more

XE Market Analysis: US Adds More Tariffs to Its Juggling Act

By: xemarketanalysis

OVERVIEW The USTR adds a 10% levy on $200 billion worth of Chinese goods. No breakthrough yet on NAFTA though officials will get back to the table again on Wednesday. Read more

XE Market Analysis: Europe - Sep 18, 2018

By: XE Market Analysis

Both the Dollar and Yen are coming under pressure as European interbank markets enter the fray, in a kind of "sell the fact" manner following the announcement by Trump that the U.S. will implement tariffs on a further $200 bln of Chinese imports. The decision was pretty much fully expected, having been flagged last Friday by sources cited by the Washington Post and Bloomberg, while the stepped approach (10% tariff rate to be implemented on Monday before rising to 25% on January 1), perhaps designed to minimise the impact on U.S. Read more

XE Market Analysis: Trade wars rumble on

By: xemarketanalysis

OVERVIEW The US Dollar is weaker relative to competing currencies as a new round of trade tariffs is set to be announced in Washington Sterling is stronger on hopes of an Irish Border solution The Loonie is showing strength on higher oil prices and the weaker US Dollar HIGHLIGHT The trade war between the world's two largest economies - China and the USA - continued to gather momentum today, Speculation arose that Washington was lining up a new round of tariffs to impose on Chinese imports into the US. Read more

XE Market Analysis: North America - Sep 17, 2018

By: XE Market Analysis

The Dollar has come under moderate but broad pressure. EUR-USD lifted back above 1.1650, gaining about 30 pips on the day amid a bout of general dollar weakness. Last week's sub-forecast U.S. CPI data, which followed more benign than anticipated PPI figures the day before, has continued to have some resonance, although reports that President Trump will in the coming days announce his decision to proceed with tariff hikes on $200 bln worth of Chinese imports is a potential dollar-support event. Read more

XE Market Analysis: The Currency Market is in Consolidation Mode

By: xemarketanalysis

OVERVIEW Investors stay away amidst uncertainty over global trade issues. No major update on NAFTA as US and Canadian officials are still wrangling over crucial issues in the dairy and media industries. Oil futures are back below $70, and Precious Metals are trading up with Gold futures up around by $1.65 to $1,208.50 per ounce. Read more

XE Market Analysis: North America - Sep 14, 2018

By: XE Market Analysis

The Dollar extended declines that were sparked by yesterday's U.S. CPI data. EUR-USD has posted a new high for a third consecutive day, this time at 1.1721, which is the loftiest level seen since the late-August peak at 1.1733. Cable edged out a fresh six-week high of 1.3138, tracking EUR-USD higher amid broader Dollar weakness, with EUR-GBP holding in a near directionless stasis. Read more

XE Market Analysis: Asia - Sep 13, 2018

By: XE Market Analysis

Cool U.S. CPI data was the story for the Dollar in N.Y. on Thursday, which resulted in the Greenback initially losing ground across the board. As risk appetite picked up on hopes for progress on global trade, Wall Street rallied, allowing risk-sensitive USD-JPY to advance to just shy of 112.00. Read more

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