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XE Market Analysis: Europe - Mar 14, 2019

By: XE Market Analysis

The Pound has come off the boil after surging on the unexpected passage of a motion, which hadn't even been expected to be selected by the House Speaker to be voted on, that rejects a no-deal Brexit under any scenario. The vote split was close, at 312 to 308. Read more

XE Market Analysis: Asia - Mar 13, 2019

By: XE Market Analysis

The Dollar lost ground in N.Y. on Wednesday, taking the DXY to seven session lows of 96.65, and briefly under its 20-day moving average. Incoming U.S. data was Wall Street friendly, as cooler PPI combined with better durable orders and construction spending to lift stocks. Read more

XE Market Analysis: More Brexit Drama Likely to Rock the British Pound

By: xemarketanalysis

OVERVIEW The US dollar is trading within a tight range amidst Brexit uncertainty GBP/USD is making timid recovery as MPs gather to vote on a no-deal exit Read more

XE Market Analysis: More Brexit Drama Likely to Rock the British Pound

By: xemarketanalysis

OVERVIEW The US dollar is trading within a tight range amidst Brexit uncertainty GBP/USD is making timid recovery as MPs gather to vote on a no-deal exit Read more

XE Market Analysis: North America - Mar 13, 2019

By: XE Market Analysis

The Pound has been outperforming, and was showing a 0.6% gain on the Dollar heading into the New York interbank open, and a similar magnitude of advance against the Euro and Yen, among other currencies. On factor at play seems to be the fact that UK Prime Minister May is looking secure in her position, despite the resounding second defeat of her Brexit deal yesterday. Read more

XE Market Analysis: Europe - Mar 13, 2019

By: XE Market Analysis

The Pound has been trading firmer in the wake of the UK Parliament's resounding rejection of Prime Minister May's Brexit deal, with the currency showing an averaged 0.3% advance on the dollar, Euro and Yen on the day so far, and gains of slightly more than this from levels that were prevailing ahead of the vote. Read more

XE Market Analysis: Asia - Mar 12, 2019

By: XE Market Analysis

The Dollar index headed higher into the N.Y. open, though quickly lost ground after the N.Y. open. The DXY peaked at 97.28 early, later falling to 96.92 lows. A slightly cool U.S. CPI report weighed on the Dollar, while upbeat USTR comments on U.S.-China trade talks removed some of the USD safe-haven bid as well. Read more

XE Market Analysis: The British Pound is Set for a Volatile Session as All Eyes are on Westminster

By: xemarketanalysis

OVERVIEW The US dollar is trading lower with inflation subdued GBP/USD down 1.20% as MPs due to vote on the upgraded Withdrawal deal NYMEX WTI Crude adds 50 cents to trade $57.40 a barrel and Gold moves up 0.25% Read more

XE Market Analysis: North America - Mar 12, 2019

By: XE Market Analysis

Sterling volatility with side themes of Euro firmness and Yen underperformance have characterized trading so far today. The Pound gave back most of the gains during the early session in New Zealand following news that UK Prime Minister May won some legally-binding concessions on the Irish backstop issue after meeting with EU's Juncker and Barnier last night in Strasbourg. Read more

XE Market Analysis: Europe - Mar 12, 2019

By: XE Market Analysis

Sterling has rallied strongly on Brexit progress, which also had the impact of generating a risk-on sentiment in global stock markets, with Brexit uncertainty having been on the global worry list given the deleterious impact that its been having on European economies. Read more

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