Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News

AD

XE Market Analysis: Asia - Jul 11, 2019

By: XE Market Analysis

The Dollar posted modest gains in N.Y. on Thursday, after being beaten lower on Wednesday by Fed chair Powell's dovish testimony. A warmer than expected U.S. CPI outcome brought USD buyers back into the fray, taking the DXY to 97.14 highs, up from 96.80 lows at the open. Read more

XE Market Analysis: Powell Returns to Capitol Hill as Interest Rate Cut Pressures Mount

By: xemarketanalysis

OVERVIEW The greenback under pressure after pressure to cut rates mount The Canadian dollar strengthened on the back of strong oil prices and hawkish hold by the Bank of Canada Read more

XE Market Analysis: North America - Jul 11, 2019

By: XE Market Analysis

The Dollar posted fresh lows against most of the main currencies as Fed Chairman Powell's testimony yesterday, where he signalled a 25 bp rate cut with the caveat that the Fed has the tools needed and could use them "aggressively" if necessary, continued to resonate. Read more

XE Market Analysis: Europe - Jul 11, 2019

By: XE Market Analysis

The USD posted fresh lows during the pre-Europe session in Asia as markets continued to readjust Fed easing expectations in the wake of Chairman Powell's testimony yesterday, which was consistent with a 25 bp rate cut at the end of this month with an addendum stipulating that the Fed has the tools needed and could use them "aggressively" if necessary. Read more

XE Market Analysis: Asia - Jul 10, 2019

By: XE Market Analysis

Fed chair Powell all but confirmed a rate cut later this month, as he spoke in dovish tones in testimony to the House Financial Services Committee. Short yields dove, while Wall Street rallied, and the Dollar headed lower. The DXY fell from over 97.45, to a low of 97.06 through the morning session. Read more

XE Market Analysis: The Fed is Expected to Keep its Powder Dry and its Senses on High Alert

By: xemarketanalysis

OVERVIEW The market waits for the Fed Chair to deliver his economic assessment. In the meantime, G10 currencies remain calm. USD/CAD oscillates around the 1.31 handle ahead of today's rate decision from the Bank of Canada. WTI Crude oil prices jumped 2.35% over geopolitical risks HIGHLIGHT The Bank of Canada will command the limelight this morning as it seemingly prepares to announce another no-change decision. Read more

XE Market Analysis: North America - Jul 10, 2019

By: XE Market Analysis

The USD has traded mixed into the New York interbank open and Fed Chair Powell's Congressional testimony. The U.S. currency posted moderate losses against the EUR and GBP, while still managing to claw out new highs versus the JPY, AUD and NZD. The EUR rallied on above-forecast production data out of France and Italy, which sparked a spike in Bund yields and saw EUR-USD post a two-day high at 1.1229. Read more

XE Market Analysis: Europe - Jul 10, 2019

By: XE Market Analysis

The USD majors mostly settled to a consolidation as market participants went into bets-off mode ahead of the Congressional testimony of Fed Chairman Powell later today. The narrow trade-weighted USD index (DXY) was showing little change heading into the London interbank open, at 97.50. Read more

XE Market Analysis: Asia - Jul 09, 2019

By: XE Market Analysis

The Dollar was relatively steady through the N.Y. session on Tuesday, with traders mostly on Powell patrol ahead of the Fed chair's congressional testimony on Wednesday. There was nothing in the way of market moving data, and focus remained on position adjustment activity. Read more

XE Market Analysis: Brexit Uncertainty Endures and Continues to Rock the Pound

By: xemarketanalysis

OVERVIEW The greenback is trading firmer, up by 0.15% against other major currencies. The British pound slid to its lowest level since January on growing Brexit uncertainty. Read more

Pages

Paste link in email or IM