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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

Xe Market Analysis: Dollar Retreats as Powell eyes more gradual rate hikes

By: xemarketanalysis

OVERVIEW The US Dollar weakened as investors search Fed Chair Powell's speech for clues on rate hikes, more gradual hikes now expected. Sterling rose off of two-week lows only to be struck down by Bank of England Brexit forecasts The Canadian Dollar bounced off a 5-month low as the US, Canada and Mexico prepare to sign the USMCA trade agreement. HIGHLIGHT The US Dollar hit a 5-month high against the Canadian Dollar today as the Loonie touched its weakest level since June 28th. Read more

XE Market Analysis: North America - Nov 28, 2018

By: XE Market Analysis

The Dollar has continued to trade mixed, posting a two-week high versus both the Euro and Yen before retreating, while losing ground to a generally firmer Pound today, and the Australian and New Zealand Dollars. EUR-USD recouped to the upper 1.1200s after printing a two-week low at 1.1267. Read more

XE Market Analysis: Europe - Nov 28, 2018

By: XE Market Analysis

Yen softness has been the main theme so far today, with most Dollar pairings remaining in narrow ranges and comfortably within yesterday's ranges. EUR-USD has retained a heavy tone, ebbing back under 1.1300, though remaining above the two-week low posted yesterday at 1.1277, which was seen after Trump threatened to a blanket rise in car import tariffs to the U.S. Read more

XE Market Analysis: Asia - Nov 27, 2018

By: XE Market Analysis

The Dollar advanced some overall in morning trade on Tuesday, later giving back some of its gains. The DXY topped at twp-week highs of 97.50 before easing to to 97.31 lows. Softer U.S. consumer confidence briefly dented the dollar. Wall Street was down most of the session, though managed a comeback after NEC Director Kudlow said there is "a good possibility a deal can be made" with China on trade. Read more

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