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XE Market Analysis: British Pound Feeling Ill As Brexit Deal Vote Rollercoaster Ride Stuck in Limbo

By: xemarketanalysis

OVERVIEW The Dollar Index remains in negative territory after PPI edged 0.1% in November Sterling plummet to its lowest level since April 2017 after PM postpones the key vote in Parliament NYMEX WTI Crude advancing 1.47% and gold is up near $1250 an ounce HIGHLIGHT Investors showed their utter frustration sending the GBP to a 20-month after PM May deferred the meaningful vote on Brexit deal. Read more

XE Market Analysis: North America - Dec 11, 2018

By: XE Market Analysis

The Dollar traded moderately softer amid a backdrop of rebounding global stock markets, and was showing losses of between 0.2% and 0.5% versus the Yen, Euro and Sterling heading into the New York interbank open. The Pound managed to find a better footing after dropping sharply yesterday, recouping about a third of the lost ground. Read more

XE Market Analysis: Europe - Dec 11, 2018

By: XE Market Analysis

Narrow ranges have prevailed so far today. EUR-USD has settled in the mid 1.1300s, consolidating losses from the mid 1.1400s that were seen yesterday, while USD-JPY has settled in the lower 113.0s after capping out at a one-week high yesterday at 113.36. Read more

Xe Market Analysis: Sterling Tumbles as Brexit Vote Postponed

By: xemarketanalysis

OVERVIEW The Euro hit a three month high against Pound as PM May pulls ‘meaningful vote’ Dollar rebounds from the biggest weekly drop in three months Canadian Dollar weakens once again as oil prices decline HIGHLIGHT Sterling broke through the critical 1.2700 level today on the news that PM May was going to delay the vote in the House of Commons over her Brexit deal. Read more

XE Market Analysis: Asia - Dec 10, 2018

By: XE Market Analysis

The dollar was higher in N.Y. on Monday, taking the DXY to seven-session highs of 97.21, up from pre-open levels of 96.55. Stock market volatility reared its head again, leading to safe-haven Dollar buying. Cable losses led USD gains, as P.M. May postponed the parliamentary Brexit vote, leading the Pound to 20-month lows near 1.2500. Read more

XE Market Analysis: North America - Dec 10, 2018

By: XE Market Analysis

The Dollar and Yen have, by varying degrees, traded generally softer against most other currencies, with the main exception being Sterling, which has come under pressure as markets fear fresh political uncertainty in the UK after what is expected to be a failed parliamentary vote tomorrow on the EU Withdrawal Agreement. Read more

XE Market Analysis: Europe - Dec 10, 2018

By: XE Market Analysis

The Dollar and Sterling have come under general pressure, with EUR-USD showing an intraday gain of 0.5% in printing a three-week high at 1.1442, while EUR-GBP saw an every bigger gain in posting a 10-week high at 0.8978. The Pound underperformed the Dollar, too, which has driven a modest loss in Cable, to the lower 1.2700s. Read more

XE Market Analysis: Asia - Dec 07, 2018

By: XE Market Analysis

The Dollar fell in N.Y. on Friday following a softer than expected U.S. employment report. The DXY fell from 96.90 to 96.54 lows before steadying over 94.60. Wall Street was sharply lower again on renewed trade concerns, while Treasury yields slipped as well. Read more

Xe Market Analysis: Canadian Loonie Gets Wings After Strong Jobs Report Card

By: xemarketanalysis

OVERVIEW The CAD moves above 0.7500 handle with the unemployment rate at its lowest level since 1976 The Dollar Index trading flat as the market continues to digest non-farm payroll data: +155k versus an estimate of 198k. Sterling is trading with negative bias ahead of key vote in Parliament. NYMEX WTI Crude advances $2.50 today after news broke that OPEC has agreed on a larger-than-expected production output cut. HIGHLIGHT The Canadian Dollar jumped above the 0.75 handle after a strong job data report from a Labour Force Survey. Read more

XE Market Analysis: North America - Dec 07, 2018

By: XE Market Analysis

The Dollar majors have seen narrow ranges so far today as market participants collectively sit on their hands into the U.S. employment report release. The Yen saw some of its safe haven premium unwind, concomitantly with a rebound in global stock markets, although S&P 500 futures are showing a 0.5% loss while the Australian Dollar and other Dollar bloc currencies have remained heavy. Read more

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