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XE Market Analysis: North America - Dec 07, 2017

By: XE Market Analysis

EUR-USD tipped to a low of 1.1776, breaching yesterday's low by 3 pips and making this the fifth consecutive session the pair has carved out a fresh low, a correction from last Friday's peak at 1.1940. Supply ahead of the 1.2000 level put a cap on the pairing. Read more

XE Market Analysis: Europe - Dec 07, 2017

By: XE Market Analysis

Both the yen and the Australian dollar came under pressure today, the former as its safe haven premium unwound some amid a steadying in global stock markets, which were aided upward by a rebound in tech stocks, while the latter was pressured on data showing a sharp drop in Australia's trade surplus. Read more

XE Market Analysis: Asia - Dec 06, 2017

By: XE Market Analysis

A lower than expected productivity revision weighed on the dollar early on, folowing an in-line ADP jobs report. From there, the greenback caught a mild bid, takiung EUR-USD from 1.1824 higsh to 1.1780 lows. USD-JPY bottomed at 112.11 before later topping at 112.37. Read more

XE Market Analysis: North America - Dec 06, 2017

By: XE Market Analysis

The yen rallied on a safe haven, while the Australian dollar and pound underperformed on the respective influences of sub-forecast Australian growth data and rekindling Brexit-related angst. Stock markets in Asia and Europe were a sea of red today. A miss in Australian Q3 GDP, softer oil prices, tech sector woes, Brexit-related anxieties, and concerns about the lofty valuations of stock markets, have collectively been weighing on global equity markets, in turn pushing up safe havens, such as the Japanese currency and gold (and some say Bitcoin's run above $1200 is safe-haven driven). Read more

XE Market Analysis: Europe - Dec 06, 2017

By: XE Market Analysis

The yen has rallied amid a risk-off mood in global markets. A miss in Australian Q3 GDP, soft oil prices, tech sector woes, Brexit-related anxieties, and concerns about the lofty valuations of stock markets, have collectively been weighing on global equity markets, in turn pushing up safe havens, such as the Japanese currency and gold (and some say Bitcoin's run above $1200 is safe-haven driven). Read more

XE Market Analysis: Pound Falls Further on Brexit Disappointment

By: xemarketanalysis

OVERVIEW USD steadies after the solid rise. UK service sector PMI falls more than expected. EU services PMI is at a 6-month high. Australian retail sales bounce, RBA stands on hold. South Africa's economy grew more than expected. HIGHLIGHT The Pound fell further in the European session as the fallout from yesterday's no Brexit deal continued to weigh on the currency. Read more

XE Market Analysis: Asia - Dec 05, 2017

By: XE Market Analysis

The dollar managed modest gains for the most part in N.Y. on Tuesday, allowing the DXY to top at four-session highs of 93.43. The gains came even as U.S. trade and services ISK data disappointed. We look for the dollar to perk up into next week's FOMC meeting, where a 25 basis point rate hike is in the cards. Read more

XE Market Analysis: North America - Dec 05, 2017

By: XE Market Analysis

The dollar has lacked direction so far today, while sterling remained under pressure and the dollar bloc units outperformed, led by the Australian dollar following an above-forecast retails sales report out of Australian, which was subsequently backed-up by a comparatively less-dovish statement from the RBA governor after the December policy meeting left the cash rate at 1.5% for a 16th consecutive month. Read more

XE Market Analysis: Europe - Dec 05, 2017

By: XE Market Analysis

The yen weakened while the dollar bloc units outperformed, led by the Australian dollar following an above-forecast retails sales report out of Australian, which was subsequently backed-up by a comparatively less-dovish statement from the RBA governor after the December policy meeting did the expected and left the cash rate at 1.5% for a 16th consecutive month. Read more

XE Market Analysis: Asia - Dec 04, 2017

By: XE Market Analysis

The dollar got a post-Senate tax bill passage bump higher during Asian hours on Monday, though was relatively steady through the N.Y. session. EUR-USD plied a narrow range, albeit near its overnight low, bottoming at 1.1830. USD-JPY pulled back from over two-week highs of 113.08, though found support into 112.70.USD-CAD edged a bit higher on the back of softer oil prices, topping over 1.2715, while cable pulled back 100 points to 1.3414 after it became clear there was no Brexit breakthrough during the meeting between May and Juncker.[EUR, USD]EUR-USD had a quiet session, managing just a 1.1830 to 1.1859 trading band from the N.Y. Read more

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