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XE Market Analysis: Canadian Dollar Surges Ahead on Strong Employment Report

By: xemarketanalysis

OVERVIEW The US dollar moves higher for the seven-session in a row, with the DXY index near January high. British Pound closing the week, 1% down against the greenback amidst growing Brexit uncertainty. NYMEX WTI Crude takes a breather, after falling nearly 2.5% yesterday. HIGHLIGHT The Canadian dollar is trading in a very bullish mood this morning, following better than expected jobs report. Read more

XE Market Analysis: North America - Feb 08, 2019

By: XE Market Analysis

Forex markets have been lacking directional ambition. EUR-USD managed to briefly break lower, leaving a two-week low at 1.1322, before settling back to near net unchanged levels in the mid 1.1300s. USD-JPY remained in the mid-to-upper 109.00s, and Cable became entrenched in a narrow range in the mid 1.2900s, consolidating after the pound yesterday surged over 1% to a 1.2996 high. Read more

XE Market Analysis: Europe - Feb 08, 2019

By: XE Market Analysis

The Dollar majors have mostly held narrow ranges amid a backdrop of coursing in global markets. One exception has been AUD-USD, which dove to a five-week low at 0.7060 after the RBA shaved growth forecasts in its quarterly Statement on Monetary Policy. Read more

XE Market Analysis: Asia - Feb 07, 2019

By: XE Market Analysis

The Dollar lost ground in N.Y. on Thursday, taking the DXY from two-week highs of 96.67, to lows of 96.39 into the London close. Lowered growth expectations in Europe and the U.K. lifted the Greenback into the open, though sagging yields and equities on the back of trade concerns later weighed. Read more

XE Market Analysis: North America - Feb 07, 2019

By: XE Market Analysis

The Dollar has remained on a firm footing while Euro underperformance has been a side theme so far today. EUR-USD has printed fresh a 13-day low, at 1.1331, putting the pair in the lower reaches of the broadly sideways range that's been unfolding for some three months now. Read more

XE Market Analysis: Europe - Feb 07, 2019

By: XE Market Analysis

The USD index printed a fresh two-week peak at 96.24, making this the first consecutive day a new high has been made. EUR-USD has concurrently posted a 13-day low, at 1.1355, putting the pair in the lower reaches of the broadly sideways range that's been unfolding for some three months now. Read more

XE Market Analysis: Asia - Feb 06, 2019

By: XE Market Analysis

The Dollar advanced again in N.Y. on Wednesday, taking the DXY to near two-week highs of 96.40. The index has printed four consecutive higher daily highs. On the data front, the narrowed U.S. trade deficit supported the Greenback. EUR-USD fell to 1.1362 lows, after opening at 1.1398 highs, while USD-JPY touched 110.00 highs late in the session. Read more

XE Market Analysis: North America - Feb 06, 2019

By: XE Market Analysis

The narrow trade-weighted USD index posted a fresh 12-day high at 95.99, and EUR-USD concurrently printed a new 12-day low, at 1.1380. The Dollar also saw highs versus a number of other currencies, although lost some ground today to the Yen, which has outperformed. Read more

XE Market Analysis: Europe - Feb 06, 2019

By: XE Market Analysis

The Dollar has continued to trade mostly firmer, although has lost ground today to the Yen, which has outperformed. President Trump's State of the Union, replete as it was with self-backslapping, left markets somewhat cold, with what hopes there were for something specific on progress being made in the trade talks with China having been deflated. Read more

XE Market Analysis: Asia - Feb 05, 2019

By: XE Market Analysis

The Dollar firmed in N.Y. on Tuesday, taking the DXY to eight-session highs of 96.11, up from 95.89 lows at the open. The only data was a softer than expected services ISM, though it had little impact on the Greenback. Wall Street rose, while yields edged lower. Read more

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