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XE Market Analysis: Oil Recovers as the Stock Market Rises

By: xemarketanalysis

OVERVIEW Stock markets are higher overnight on better earnings data. Oil recovers after a brief dip below $70. Trump's tour of Europe yet to provide any fireworks for markets. HIGHLIGHT See featured currency of the day! US DOLLAR USD printed at 6-month highs against JPY, buoyed by elevated inflation data. Read more

XE Market Analysis: North America - Jul 12, 2018

By: XE Market Analysis

Yen weakness has been the dominant theme today amid a rebound in global asset markets after the steep losses of yesterday. USD-JPY rallied to six-month highs above 112.50 after breaking above the May high at 111.39. EUR-JPY lifted into two-month-plus high terrain, and AUD-JPY reversed the outsized losses the cross had seen yesterday (following Trump's threat to slap tariffs on a further $200 bln worth of Chinese imports). Read more

XE Market Analysis: Europe - Jul 12, 2018

By: XE Market Analysis

The yen has weakened amid a risk appetite revival in global asset markets amid a de-escalation in trade tensions, with both Washington and Beijing signalling a willingness to re-start bilateral negotiations. USD-JPY rallied to a six-month high of 112.38 after breaking above the May high at 111.39. Read more

XE Market Analysis: Asia - Jul 11, 2018

By: XE Market Analysis

The dollar index printed seven-session highs of 94.71, crossing above the 20-day moving average (94.65) in the process. EUR-USD topped at 1.1758 before sliding to 1.1668 lows. USD-JPY rallied to a six-month high of 112.05 from early lows of 110.97, in a technical move. Read more

XE Market Analysis: Global Trade Concerns Shake Currency Markets

By: xemarketanalysis

OVERVIEW The Euro is stronger as reports suggest ECB is looking at a rate hike. Bank of Canada raises interest rates as expected. Global trade concerns fuel risk aversion across currency markets. HIGHLIGHT The traditional higher yielding or risk currencies have been hard hit today as the US threaten large tariffs on China. Read more

XE Market Analysis: North America - Jul 11, 2018

By: XE Market Analysis

Higher beta currencies, including the Australian dollar and most emerging world currencies, have come under pressure as stock markets take a fresh tumble, led by Chinese bourses, after the latest ratchet higher in trade tensions between the U.S. and China.The Australian dollar racked up a 0.8% loss to the U.S. Read more

XE Market Analysis: Europe - Jul 11, 2018

By: XE Market Analysis

The dollar majors have traded in narrow ranges so far today amid a tone of heightened caution as stock markets take a fresh tumble, led by Chinese bourses, due to another ratchet in trade warning tensions between the U.S. and China. U.S. index futures have also seen heft declines. Read more

XE Market Analysis: Chequered GBP a Top G-10 Performer

By: xemarketanalysis

OVERVIEW The Greenback comeback is stronger as trade tensions ease. JPY near a 7-week low on monetary policy divergence. WTI pushing towards the $75.00 a barrel, up 70 cents. HIGHLIGHT The Indian Rupee remains under pressure as the Greenback rebounds on waning trade war worries. Read more

XE Market Analysis: North America - Jul 10, 2018

By: XE Market Analysis

The dollar has firmed up while the yen has underperformed. The solid U.S. jobs report last Friday and expectations for a strong corporate earnings season have been buoying equities, although Chinese share markets have continued to underperform, and there is a palpable underlying sense that the U.S.-led trade way with major economies is curtailing bullish sentiment. Read more

XE Market Analysis: Europe - Jul 10, 2018

By: XE Market Analysis

The dollar has firmed up while the yen has underperformed ahead of the London interbank open. The solid U.S. jobs report last Friday and expectations for a strong corporate earnings season have been buoying equities, although Chinese share markets have continued to underperform and there is a palpable underlying sense that the U.S.-led trade way with major economies is curtailing bullish sentiment. Read more

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