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XE Market Analysis: Asia - Nov 09, 2018

By: XE Market Analysis

The Dollar firmed in N.Y. on Friday, as hot U.S. CPI data supported. Yields later fell back from highs, as Wall Street sold off sharply. The DXY topped at seven-session highs of 97.01, up from lows of 96.72. EUR-USD peaked at 1.1360, later falling to 1.1318. Read more

XE Market Analysis: Sliding Oil Futures Market Putting Pressure on Commodity-linked Currencies

By: xemarketanalysis

OVERVIEW US Dollar extends its gains after FOMC signals more hikes are expected The wait for the Brexit deal plan continues for the Sterling NYMEX WTI Crude falls 21% from Oct 3rd high and rolls into bear market territory. HIGHLIGHT The Greenback is trading stronger against its major peers after the Federal Reserve indicated that an incremental tightening policy is the right one as the economy continues to reveal strong growth. Read more

XE Market Analysis: North America - Nov 09, 2018

By: XE Market Analysis

The Dollar and more especially the Yen have been trading firmer against most other currencies amid a backdrop of tumbling global stock markets and weakening emerging market currencies, with investors fretting about tighter Fed policy and the increasingly evident fallout from the U.S. Read more

XE Market Analysis: Europe - Nov 09, 2018

By: XE Market Analysis

The Dollar has continued to firm for a second day against most other currencies, with the Yen being the main exception, with USD-JPY dipping slightly, towards the 113.80 level after failing to sustain gains above 114.00. Flagging stock markets across Asia, and the U.S., where the S&P 500 closed on Wall Street yesterday with a 0.25% loss, with futures of the index showing a further 0.3% decline, have been supporting the Yen. Read more

XE Market Analysis: Greenback Gains Back, Sterling Steady, Loonie Lifts

By: xemarketanalysis

OVERVIEW Gold continued to slide in value ahead of US Fed announcement on interest rates GBP USD is down slightly despite Brexit deal pessimism from former Brexit Secretary David Davis Canadian Dollar edges up slightly on strong PMI numbers HIGHLIGHT The US Federal Reserve Bank announced it will leave the interest rate where it is. Read more

XE Market Analysis: Asia - Nov 08, 2018

By: XE Market Analysis

The FX Market was relatively quiet into the Fed announcement, with narrow ranges holding up for the major Dollar pairings. Later, the dollar inched lower then bounced following the FOMC announcement, where interest rates were left unchanged, as expected. Read more

XE Market Analysis: North America - Nov 08, 2018

By: XE Market Analysis

The Dollar has more than recovered losses seen yesterday in the wake of the U.S. midterms election results. EUR-USD posted a two-day low at 1.1411. USD-JPY and yen crosses have been trading firmer so far today, concomitantly with rebounding global stock markets in accordance with the Japanese currency's usual inverse-correlative bias with equities. Read more

XE Market Analysis: Europe - Nov 08, 2018

By: XE Market Analysis

The Dollar has rebound from declines seen yesterday as the U.S. midterms election results spelt out policy gridlock. The re-ascent of the greenback coincided with strong Wall Street gains, where the S&P 500 closed with a 2.1%, which is the best gain seen for the day of a midterm election since 1982. Read more

XE Market Analysis: Asia - Nov 07, 2018

By: XE Market Analysis

The Dollar fell in overnight trade, with the initial reaction to the U.S. elections taken as sa net-negative by the markets. A surge on wall Street reversed that sentiment however, and the Greenback managed a modest rally through the morning session. EUR-USD fell to 1.1445 lows from 1.1500 ahead of the open, as USD-JPY topped 113.45 from 112.95. Read more

XE Market Analysis: US Congress is a Red-Blue Split, Brexit Deal Optimism Buoys GBP

By: xemarketanalysis

OVERVIEW The US Midterm Elections produced the expected split Congress, with a Republican-run Senate and Democrat-dominated House of Representatives. Pundits are pessimistic that the US Government will be able to pass additional economic stimulus programs, driving the Greenback down relative to competing currencies. Read more

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