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XE Market Analysis: Europe - Dec 03, 2018

By: XE Market Analysis

A risk-on theme drove the higher beta currencies higher, such as the Dollar bloc and emerging market currencies, while weighing on the Yen and Dollar. This came on news that the Trump and Xi came to a truce, with China has agreeing to "reduce and remove" tariffs below 40% on imports of U.S. Read more

XE Market Analysis: Asia - Nov 30, 2018

By: XE Market Analysis

The Dollar firmed in N.Y. on Friday, with short covering ahead of the weekend meeting between Trump and Xi the main driver. A stronger Chicago PMI came to the Greenback's aid as well. The DXY topped at 97.31, up from 96.90 into the open. EUR-USD faded to 1.1307, while USD-JPY peaked at 113.71. Read more

XE Market Analysis: Currency Market Waits for Trade Handshakes at G-20 Gathering

By: xemarketanalysis

OVERVIEW - The Dollar Index is closing November on a solid footing, near a two-month high. - Sterling is trading relatively flat as investors wait for a political storm in Parliament over UK-EU deal. - NYMEX WTI Crude trading 1.60% lower, with a barrel of oil fetching around $50.60 HIGHLIGHT The Mexican Peso slumped for the second session in a row, touching its lowest level against the US Dollar since June. Read more

XE Market Analysis: North America - Nov 30, 2018

By: XE Market Analysis

The Dollar picked up, which sent the USD index (DXY) to a two-day high of 97.01, up from yesterday's one-week low at 93.63. EUR-USD, Cable and AUD-USD to concurrently posted respective intraday lows at 1.1357, 1.2743 and 0.7295. USD-JPY lifted to the mid 113.0s, though the magnitude of movement remained limited. Read more

XE Market Analysis: Europe - Nov 30, 2018

By: XE Market Analysis

The Dollar majors have been directionally challenged as market participants sit on their hands into the Trump-Xi meeting at the G20 gathering in Argentine. EUR-USD has remained buoyant, in the upper 1.1300s, holding just below yesterday's one-week high at 1.1401. Read more

XE Market Analysis: Dollar Steadies After Powell's Speech

By: xemarketanalysis

OVERVIEW Traders now only price in one rate hike for the US in 2019. Sterling continues to hover around vital 1.2750 level as Brexit concerns mount. The South African Rand is supported by Fed's dovish tone. HIGHLIGHT The South African Rand has strengthened against the Greenback today following Fed Chair Powell's speech where he eyed more gradual rate hikes than anticipated. US DOLLAR The Dollar has somewhat steadied today following a speech by Federal Reserve Chair Jerome Powell yesterday where he stated that rates were near to being neutral. Read more

XE Market Analysis: Asia - Nov 29, 2018

By: XE Market Analysis

The Dollar was choppy in N.Y. trade on Thursday, though remained inside of a relatively narrow range through the session. Incoming income and spending data were stronger than expected, though jobless claims rose more than expected, and the pending home sales index fell more than forecast. Read more

XE Market Analysis: North America - Nov 29, 2018

By: XE Market Analysis

The Dollar lifted out of fresh lows, while the Yen outperformed as Europe stock markets pared opening gains, S&P 500 futures sank and after the main Chinese stock indexes closed with 1%-plus losses for a second day. EUR-USD fell back to 1.1350 after printing a four-session high at 1.1397 as the impact of Fed Powell's dovish turn yesterday faded. Read more

XE Market Analysis: Europe - Nov 29, 2018

By: XE Market Analysis

The Dollar has come under broad pressure concomitantly with the 10-year U.S. T-note yield falling to a two-month low toward 3% after Fed Chairman Powell yesterday signalled a dovish turn at the central bank by saying that the Fed funds rate was "just below" neutral, revising the previous guidance of being "a long way from." This powered Wall Street to its biggest single-day rally in eight months, with the main indexes seeing gains of more than 2%. Read more

XE Market Analysis: Asia - Nov 28, 2018

By: XE Market Analysis

The Dollar was quiet in N.Y. morning trade on Wednesday, though was hammered lower after Fed Chairman Powell said U.S. rates were "just below" neutral from "a long way from" neutral, as he said in October. The DXY was pushed from 97.53 highs to 96.69 lows. Read more

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