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XE Market Analysis: Asia - Aug 12, 2019

By: XE Market Analysis

The Dollar faded lower through the N.Y. session, though ranged remained narrow. The DXY opened at highs of 97.55, later making its way to 97.33 lows. There was no data to drive the market on Monday, though the trade war, Hong Kong protests, Italian government crisis, Brexit, etc, saw Treasury yields and Wall Street slide. Read more

XE Market Analysis: Currency Market Makes a Slow Start Amidst Thin Liquidity

By: xemarketanalysis

OVERVIEW GBP/USD is recovering from recent lows but remains vulnerable to Brexit uncertainty USD/CAD is directionless as it keeps an eye on the oil futures market. Read more

XE Market Analysis: North America - Aug 12, 2019

By: XE Market Analysis

A risk-off theme propelled the Yen higher while the likes of the China-proxy Australian Dollar, and many developing-world currencies, underperformed. The Breixt-afflicted Pound also posted fresh major-trend lows during a notably thin Asian session (amid holidays in Japan and Singapore) but managed to rebound some. Read more

XE Market Analysis: Europe - Aug 12, 2019

By: XE Market Analysis

The Pound hit fresh major-trend lows in thin Asia markets (both Japan and Singapore centres have been closed for public holidays), which put Cable at a 31-month low at 1.2015, GBP-JPY at a 33-month low and EUR-GBP at a 10-year high, at 0.9324. The fresh lows follow Friday's unexpected quarterly contraction in Q2 GDP data (of -0.2%) and with markets increasingly convinced that Boris Johnson and his newly formed Brexiteer cabinet are not bluffing when they say they the UK will leave the EU without a deal on October 31, if necessary. Read more

XE Market Analysis: Asia - Aug 09, 2019

By: XE Market Analysis

The Dollar edged lower through the morning session in N.Y. on Friday, weighed down some by a cooler core U.S. PPI print. The DXY fell to 97.36 from early highs of 97.61, before recovering over 97.50 into the close on pre-weekend short covering. Wall Street was lower on ongoing trade concerns, while Treasury yields remained under pressure. Read more

XE Market Analysis: Investors Play Safe Despite A Return to Market Calmness

By: xemarketanalysis

OVERVIEW GBP plunges again on soft GDP readings. USD/CAD is choppy after a weak employment report card WTI Crude oil continues to move northbound, gaining 3% as of this writing. Read more

XE Market Analysis: North America - Aug 09, 2019

By: XE Market Analysis

Sterling came under pressure following data showing an unexpected 0.2% q/q contraction in preliminary UK Q2 GDP, which saw Cable match the 27-month low seen last week at 1.2079, while the UK currency printed a fresh 24-month low against the Euro. EUR-USD, meanwhile, continued to orbit the 1.1200 level, despite some bearish Euro leads, with the Italian coalition government melting down and with data showing a 0.1% m/m decline in German exports, a sharp contraction in French production, and a downward revision in Italian HICP inflation (to just 0.3% y/y). Read more

XE Market Analysis: Europe - Aug 09, 2019

By: XE Market Analysis

The Dollar majors have been trading narrowly, with the main pairings holding within yesterday's ranges. This follows what has been a pretty volatile week, which has seen the Yen hit major trend highs against many currencies in a safe-haven driven move, before steadying concomitantly with a breakout of relative calmness in global stock markets following anxiety-mollifying Chinese data yesterday showing an unexpected rise in exports in July. Read more

XE Market Analysis: Asia - Aug 08, 2019

By: XE Market Analysis

The Dollar moved marginally higher in early N.Y. trade on Thursday, taking the DXY to 97.74 highs.The index later eased lower, bottoming at 97.46 after the London close. On the data front, jobless claims were slightly lower than expected, while wholesale sales were a but weaker than forecasts. Read more

XE Market Analysis: Commodity Currencies Rebound After Oil Rout

By: xemarketanalysis

OVERVIEW The US Dollar Index is steady after yesterday’s choppy session. USD/CAD returns to long term sweet spot around 1.33 after hitting a two-month high. Read more


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