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XE Market Analysis: North America - May 09, 2018

By: XE Market Analysis

The dollar came off the boil after logging new highs against the euro and some other currencies. Dollar supply from a 3% spike in oil prices (at the intraday highs), which was a consequence of the U.S. breaking from the Iran nuclear deal, was mooted in market narratives as driving the pullback in the greenback. Read more

XE Market Analysis: Europe - May 09, 2018

By: XE Market Analysis

The dollar has traded firmer, led by a 0.5% rise in USD-JPY after the Tokyo fixing today. The USD index (DXY) is showing a 0.2% gain, posting a new four-month high at 93.34, and EUR-USD logged a fresh 2018 low at 1.1830. USD-JPY lifted above 109.50 for the first time since last Thursday after breaking out of a narrow consolidation around the 109.00 level. Read more

XE Market Analysis: Asia - May 08, 2018

By: XE Market Analysis

The DXY rallied to fresh 2018 highs in N.Y. on Tuesday, supported early by reports the U.S. would pull out of the Iran nuclear deal (later confirmed by president Trump). The index topped at 93.28, levels last seen on December 27. EUR-USD fell to 1.1838 trend lows, before heading back to 1.175, while GBP-USD touched four-month lows of 1.3485 before recovering. Read more

XE Market Analysis: Market Remains “Covfefe” Ahead of Trump’s Iran Announcement

By: xemarketanalysis

OVERVIEW The Dollar Index zoomed to 2018 high as investors brace for the White House announcement. Powell connects the dots confirming that the Fed is on course for gradual hikes. Commodity currencies are under pressure. HIGHLIGHT The Iran deal is on everyone’s lips; the market is bracing for the 2 PM ET announcement. Read more

XE Market Analysis: North America - May 08, 2018

By: XE Market Analysis

The dollar picked up fresh demand and posted trend highs against the euro, the Canadian dollar and other dollar bloc currencies, among other currencies, while holding firm against most others. EUR-USD fell to a four-month low at 1.1874, building on what is now the fourth consecutive week of declines. Read more

XE Market Analysis: Europe - May 08, 2018

By: XE Market Analysis

The dollar has been trading perkily during a quiet, London-less European AM session, posting fresh intraday highs versus the euro and some other currencies, including the Australian and Canadian dollars, though has remained below the highs that were seen on Friday. Read more

XE Market Analysis: Asia - May 07, 2018

By: XE Market Analysis

The DXY peaked at four-month highs of 92.97 early in the N.Y. session on Monday, before profit taking took the greenback a bit lower. There was no U.S. data to drive the markets on Monday, while London was out on holiday, leaving FX traders unwillling to push to hard. Read more

XE Market Analysis: North America - May 07, 2018

By: XE Market Analysis

The dollar has been trading perkily during a quiet, London-less European AM session, posting fresh intraday highs versus the euro and some other currencies, including the Australian and Canadian dollars, though has remained below the highs that were seen on Friday. Read more

XE Market Analysis: Europe - May 07, 2018

By: XE Market Analysis

The dollar is at moderately firmer in early-week trading. EUR-USD has tipped back under 1.1950 after posting an intraday high at 1.1978 in Tokyo trade. swinging Friday's four-month low back into scope. USD-JPY lifted back above 109.00, in the latest phase of a continued orbit of the 109.00 level after correcting from the 11-week high seen last Thursday at 110.03. Read more

RBA Keeps Rates On Hold -- Which Probably Where They'll Stay For Awhile

By: HaleStewart

Earlier this week, the RBA maintained their current interest rate policy of 1.5%, their level since 2Q16. There is nothing in the bank’s statement to imply a rate hike is forthcoming: growth is moderate; an unemployment rate over 5% indicates some degree of labor market slack remains while inflation shows no sign of meaningfully accelerating above 2%. Read more

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