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XE Market Analysis: Europe - Oct 08, 2018

By: XE Market Analysis

The Dollar has traded steadily in thin trading. Chinese markets reopened after a week-long break, while Japanese markets are closed today, as will be Canadian markets today, and Treasury markets in the U.S. (although Wall Street will be open). A risk-off sentiment has coursed through Asian markets as investors digest last week's spike in U.S. Read more

XE Market Analysis: Asia - Oct 05, 2018

By: XE Market Analysis

The Dollar index attempted to rally after the less than stellar U.S. jobs report, though ultimately faded to 95.55 lows in morning trade. The surge in Treasury yields resulted in another Wall Street rout, which weighed down the Greenback. EUR-USD topped at 1.1549 from 1.1484 lows before settling near 1.1500, while USD-JPY headed to near lows of the week, bottoming at 113.56. Read more

Strong US Job Numbers Support More Interest Rate Hikes

By: xemarketanalysis

OVERVIEW The DXY Index is set to close near a six-week high as US unemployment drops to a 48-year low of less than 4%. Increasing trade tensions between China and the US are exerting more pressure on the Australian Dollar. The AUD is down 9.3% since the beginning of the year. WTI slid lower for the second consecutive session, down 21 cents to $74.15 a barrel HIGHLIGHT This weekend, currency investors will focus on the BRL, as Brazil goes to the polls. Read more

XE Market Analysis: North America - Oct 05, 2018

By: XE Market Analysis

The dollar majors have been directionally limited as the upcoming U.S. employment report curbs activity and commitment. EUR-USD has been anchored around the 1.1500 mark, above yesterday's six-week low at 1.1463. Concerns about the budgetary prudence of Italy's coalition government have returned, and we continue to favour EUR-USD's downside, a view rooted to the strong fundamental credentials of the dollar, which we expect will be on full display at today's release of the U.S. Read more

XE Market Analysis: Europe - Oct 05, 2018

By: XE Market Analysis

The Dollar majors have been trading in narrow ranges as the approaching release of the September U.S. jobs report casts a subduing influencing on trading activity. Risk appetite improved, though remained fragile overall, as markets continue to digest the spike in U.S. Read more

XE Market Analysis: Asia - Oct 04, 2018

By: XE Market Analysis

The dollar index dipped to 95.56 lows in morning N.Y. trade on Thursday, though later recovered to 95.88 as yields remained firm. Incoming data saw slightly lower than expected jobless claims, and strong factory orders, though neither had much impact on the FX market. Read more

XE Market Analysis: USD nears 11 month highs against JPY and US Bond yields surge

By: xemarketanalysis

OVERVIEW The US Dollar strengthens against the Japanese Yen as US Treasury Yields reach seven year highs The Pound extends its rise against the Euro as an EU source is said to have welcomed a new Brexit proposal plan The Turkish Lira weakened by over 2% today against the US Dollar a day after inflation data was announced HIGHLIGHT The US Dollar to Japanese Yen hit an 11 month high on the back of Jerome Powell's comments and stronger economic data US DOLLAR The US Dollar is widely mixed today but stronger against safe haven currencies as US Treasury bond yields hit a seven year high. Read more

XE Market Analysis: North America - Oct 04, 2018

By: XE Market Analysis

The dollar has traded softer during the London AM session, correcting some of the gains seen over the last day following strong U.S. data and the associated spike in Treasury yields. EUR-USD has lifted back above 1.1500 after lifting out of the six-week low seen during the Asian session at 1.1463. Read more

XE Market Analysis: Europe - Oct 04, 2018

By: XE Market Analysis

The Dollar has traded firmer concomitantly with a rise in Treasury yields following strong U.S. data. The USD index (DXY) posted a fresh six-week high at 96.12 in what is now the fifth consecutive session of rises. EUR-USD concurrently logged a six-week low, at 1.1463. Read more

XE Market Analysis: Asia - Oct 03, 2018

By: XE Market Analysis

Solid ADP jobs and services ISM data supported the Dollar in N.Y. trade on Wednesday, taking the DXY to a better than one-month high of 95.78. EUR-USD fell to 1.1509 lows from 1.1554, while USD-JPY printed 11-month highs of 111.41 on improved risk taking levels. Read more

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