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XE Market Analysis: Trumps Meets NK On the Block

By: xemarketanalysis

OVERVIEW DXY Index flat after handshake effect fades away but JPY drops to a 3-week low. Investors nervous as Brexit bill goes to House of Commons. More tweets augur badly for an under-pressure Canadian Loonie. WTI loses 13 cents, moving under $66.00 a barrel. HIGHLIGHT The Mexican Peso is searching for new bottoms after dropping nearly 3.3% so far this month. Read more

XE Market Analysis: North America - Jun 12, 2018

By: XE Market Analysis

The dollar has traded mixed and in relatively narrow ranges. USD-JPY managed to post a three-week high at 110.49 during the Tokyo session amid a then-buoyant mood in Asian markets amid the fanfare and bonhomie of the Trump-Kim summit, but subsequently ebbed back toward the 110.00 level as a more circumspect mood prevailed after the two leaders issued a statement that while touting it as an "epochal event" and pledging denuclearization, lacked concrete steps, aside from pledging follow-on meetings "at the earliest possible date." EUR-USD recovered the 1.1800 handle after dipping to two-session low of 1.1742 in the wake of the Tokyo fix, though a sub-forecast German ZEW investor sentiment gauge capped gains. Read more

XE Market Analysis: Europe - Jun 12, 2018

By: XE Market Analysis

The dollar traded moderately firmer heading into the London interbank open, led by a 0.3% gain in USD-JPY, which logged a three-week high just shy of 110.50. Yen crosses also firmed up, reflecting broader softness in the yen as safe haven premiums unwound amid a caution sense of optimism in global markets about the Trump-Kim summit, which has just ended. Read more

XE Market Analysis: Euro Gains After Italy Reassures on Currency and Debt

By: xemarketanalysis

OVERVIEW Markets are in an upbeat mood as Trump and Kim prepare to meet in Singapore. UK data suggests the economy is still struggling for momentum. Big week ahead with Fed and ECB meetings. Canadian Dollar under pressure after G7 row. Turkey's economy surges in Q1 despite weak currency and surging borrowing costs. HIGHLIGHT The Euro rose back above 1.18 versus the US Dollar after Italy's new Economy Minister, Giovanni Tria, said yesterday that the new coalition government has no intention of leaving the Euro and plans to focus on cutting debt levels. Read more

XE Market Analysis: North America - Jun 11, 2018

By: XE Market Analysis

The dollar has traded mixed, and currencies were more generally settled after an initial jolt in early Asia-Pacific trading after the weekend dramatics of President Trump's refusing to sign off on the G7 communique. The biggest mover in early trade was a sharp dip in the Canadian dollar. Read more

XE Market Analysis: Europe - Jun 11, 2018

By: XE Market Analysis

Currencies settled after an initial jolt in early Asia-Pacific trading after the weekend dramatics of President Trump's refusing to sign off on the G7 communique. A cautious calm subsequently prevailed, with stock markets lifting out of lows and the yen unwinding some of its safe haven premium. Read more

Weekly Indicators consitnue to ease edition

By: New_Deal_democrat

May data consisted of a strongly positive ISM services index. April data included a decline in factory orders, but an increase in both wholesale sales and inventory. The April JOLTS report included record high job openings, and an increase in both actual hires and quits. Read more

XE Market Analysis: Asia - Jun 08, 2018

By: XE Market Analysis

FX trade was quiet in N.Y. to end the week, with the DXY slipping modestly from 93.82 to 93.52 lows. There was little data to drive the FX market, and activity was largely a function of pre-weekend positioning. EUR-USD ranged between 1.1737 and 1.1778, while USD-JPY peaked at 109.60, before bottoming at 109.34. Read more

XE Market Analysis: Canadian Loonie Enters Turbulence Zone

By: xemarketanalysis

OVERVIEW Canadian Jobs Data is soft with unemployment rate steady at 5.8%. G7 gets underway with trade tensions served hot. DXY Index up near a two-day high. WTI Oil Futures flat near $66.00 a barrel after touching an 8-week low. HIGHLIGHT The South African Rand dropped to a 6-month low as the emerging-market currency continues to be under pressure. Read more

XE Market Analysis: North America - Jun 08, 2018

By: XE Market Analysis

The dollar has traded mixed, gaining on the euro and underperforming dollar bloc currencies, and to a less extent the pound, while losing ground to the outperforming yen. A risk-off vibe in global markets as markets fret that the weekend's G7 meeting, which will start later today in Canada, will magnify the prevailing discord over trade between the U.S. Read more

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