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XE Market Analysis: North America - Nov 07, 2018

By: XE Market Analysis

The USD index (DXY) was showing a decline of over 0.6% as of the early European PM session, just ahead of the New York interbank open, as U.S. midterm election results showed Democrats wresting control of the House. The Republican's retained control of the Senate, largely as had been predicted by polls. Read more

XE Market Analysis: Asia - Nov 06, 2018

By: XE Market Analysis

The Dollar index was on the decline into the N.Y. open on Tuesday, though turned higher through the session, peaking at 96.36 from lows of 96.15. U.S. election nerves appeared to subside to a degree, which allowed Wall Street to rally, and the Dollar to edge higher. Read more

XE Market Analysis: US Midterm Elections and Brexit Continue to Influence Currency Market Sentiment

By: xemarketanalysis

OVERVIEW The Currency market is treading water today as investors avoid making aggressive bets in advance of bellwether events. The Euro has support from robust job creation numbers Sterling saw slight gains today on hopes PM May is sharing positive Brexit deal news with her Parliamentary colleagues HIGHLIGHT Americans flock to the voting boxes today, and currency investors watch to see if a blue or red wave will wash over the US political landscape. Read more

XE Market Analysis - Sterling Rises on Brexit Hopes and US Dollar Fades Before Midterms

By: xemarketanalysis

OVERVIEW Sterling rallied today after Britain reportedly is close to a divorce deal from the EU The Greenback lost altitude as Americans, and currency watchers brace for tomorrow's US Midterm Elections Currency analysts predict the Euro will rally by over 2% against the Greenback, yet skepticism remains. Read more

XE Market Analysis: North America - Nov 05, 2018

By: XE Market Analysis

Mostly narrow ranges have prevailed so far today, though Sterling managed to break higher on news that a Brexit deal may be on the cards. USD-JPY edged out a three-session high at 113.33, while most Yen crosses have remained within their respective Friday ranges. Read more

XE Market Analysis: Europe - Nov 05, 2018

By: XE Market Analysis

The Pound lifted on a report that the EU and UK are close to making a deal on Brexit, which will reportedly involve keeping the UK in the customs union (according to sources cited by the Sunday Times). Cable posted a high of 1.3025 in opening trade in New Zealand after closing Friday at 1.2065, while GBP-JPY rallied to a two-week high and EUR-GBP to a two-week low. Read more

XE Market Analysis: Asia - Nov 04, 2018

By: XE Market Analysis

The Dollar rallied in N.Y. on Friday, helped by a strong jobs report, and firm factory orders. Treasury yields firmed and helped support the Greenback as well. The DXY topped at 96.59, coming from 95.99 lows seen into the open. EUR-USD fell back from 1.1456 to 1.1373 lows, while USD-JPY peaked at 113.32 from 112.79 lows. Read more

XE Market Analysis: Will UK Leavers Find an Approved Brexit Deal in Their Stockings this Christmas?

By: xemarketanalysis

OVERVIEW The US Dollar bounces back with non-farm payroll data, beating forecasts There were 250,000 jobs created in the US, putting the unemployment rate at 3.17% Sterling waits for more details over an imminent Brexit deal NYMEX WTI Crude slid 20 cents to $63.50 a barrel HIGHLIGHT GBP/USD is looking to close the first week of November in positive territory buoyed by reports that British PM will ask UK parliament to sign off on a Brexit deal on December 24th. Read more

XE Market Analysis: North America - Nov 02, 2018

By: XE Market Analysis

Both the Dollar and Yen have been under pressure today against most other currencies. EUR-USD pegged a fresh 9-day high at 1.1445, extending a three-day high rebound from Wednesday's four-month low at 1.1302. The gains was seen despite the final release of the Eurozone's October manufacturing PMI being revised lower to a 26-month low reading of 52.0. Read more

XE Market Analysis: Europe - Nov 02, 2018

By: XE Market Analysis

The Dollar and Yen have traded generally weaker against most other currencies amid a backdrop of strongly-rebounding global stock markets. A détente between on the U.S. and China on trade, along with overall decent corporate earnings, mostly firm U.S. Read more

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