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XE Market Analysis: Canadian GDP Growth Impresses while Eurozone Sends out SOSes

By: xemarketanalysis

OVERVIEW Canada's real GDP increased by 3.7% in the second quarter German retail sales dropped by a couple of points Investors are curious to see how the British Parliamentary session will play out next week after PM Johnson received parliamentary approval to suspend until just before October 31st HIGHLIGHTS USD/CAD is trading near the lower end of recent trading ranges after the release of a solid GDP report. Read more

XE Market Analysis: North America - Aug 30, 2019

By: XE Market Analysis

The Dollar has continued to trade steady-to-firmer amid a backdrop of rallying global stock market. China's Foreign Ministry reaffirmed today that the U.S. and China are maintaining "effective communication." The rekindling of risk appetite has taken the perceived pressure off the Fed to ease aggressively, which in turn has buoyed up the Dollar. Read more

XE Market Analysis: Europe - Aug 30, 2019

By: XE Market Analysis

The Dollar has continued to trade on a mixed-to-firm footing, edging out a four-day high versus the Australian Dollar and matching yesterday's four-week highs it saw against the Euro, while holding steady so far today against the Pound and the Canadian buck, and giving back some of the gains seen yesterday in the case against the Yen. Read more

XE Market Analysis: Asia - Aug 29, 2019

By: XE Market Analysis

The Dollar was stronger in N.Y. trade on Thursday, lifted by positive developments on the trade war front. China officials said trade talks with the U.S. remain on the table in September, and indicated that for mow at least, there would be no retaliation for the new U.S. Read more

XE Market Analysis: North America - Aug 29, 2019

By: XE Market Analysis

The Yen went from outperformer to underperformer after China's commerce ministry affirmed that September trade talks are not off the table. There was a palpable sigh of relief in markets after the Trump administration yesterday made official its extra 5% tariff on $300 bln in Chinese goods imports, affirming collection dates of September 1 and December 15. Read more

XE Market Analysis: Europe - Aug 29, 2019

By: XE Market Analysis

The Yen has risen versus most other currencies today as markets take to defensive positioning amid a backdrop of sputtering stock markets. The forex markets' barometer of risk appetite, AUD-JPY, has been a relatively big mover, and was showing a near 0.5% decline heading into the London interbank open. Read more

XE Market Analysis: Asia - Aug 28, 2019

By: XE Market Analysis

The Dollar was little changed in N.Y. on Wednesday, leaving the DXY contained inside of a 98.22 to 98.13 trading range. There was nothing in the way of data to move markets, while Wall Street gained, and the U.S. Treasury curve remained inverted. Concerns over the U.S./China trade outlook took a breather today, with no news taken as good news. Read more

XE Market Analysis: North America - Aug 28, 2019

By: XE Market Analysis

The Dollar has continued to trade in a directionally mixed manner, today holding steady against the Yen while gaining versus the Euro and against an underperforming Pound, the latter of which was hit by news that the UK prime minister is taking a controversial measure to prorogue (suspend) parliament as a means to limit the opportunity of opposition parties to take the no-deal Brexit option off the table. Read more

XE Market Analysis: Europe - Aug 28, 2019

By: XE Market Analysis

The Dollar has continued to trade directionally mixed amid a backdrop of misfiring stock markets as participants digest recent mixed signals from the U.S.-China trade front. The narrow trade-weighted USD index (DXY) has settled in a narrow range above 98.00, having recouped about three quarters of the losses seen on Friday, when China announced retaliatory tariffs on U.S. Read more

XE Market Analysis: Asia - Aug 27, 2019

By: XE Market Analysis

The Dollar was held to relatively narrow ranges in N.Y. on Tuesday, though the DXY did manage very modest gains, bouncing from 97.89 lows at the open, and later peaking at 98.04. Better than expected U.S. consumer confidence data helped support the Greenback, though mixed signals with regards to the U.S./China trade war, have largely kept the USD ins a holding pattern so far this week. Read more

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