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XE Market Analysis: Will UK Leavers Find an Approved Brexit Deal in Their Stockings this Christmas?

By: xemarketanalysis

OVERVIEW The US Dollar bounces back with non-farm payroll data, beating forecasts There were 250,000 jobs created in the US, putting the unemployment rate at 3.17% Sterling waits for more details over an imminent Brexit deal NYMEX WTI Crude slid 20 cents to $63.50 a barrel HIGHLIGHT GBP/USD is looking to close the first week of November in positive territory buoyed by reports that British PM will ask UK parliament to sign off on a Brexit deal on December 24th. Read more

XE Market Analysis: North America - Nov 02, 2018

By: XE Market Analysis

Both the Dollar and Yen have been under pressure today against most other currencies. EUR-USD pegged a fresh 9-day high at 1.1445, extending a three-day high rebound from Wednesday's four-month low at 1.1302. The gains was seen despite the final release of the Eurozone's October manufacturing PMI being revised lower to a 26-month low reading of 52.0. Read more

XE Market Analysis: Europe - Nov 02, 2018

By: XE Market Analysis

The Dollar and Yen have traded generally weaker against most other currencies amid a backdrop of strongly-rebounding global stock markets. A détente between on the U.S. and China on trade, along with overall decent corporate earnings, mostly firm U.S. Read more

XE Market Analysis: Asia - Nov 01, 2018

By: XE Market Analysis

The Dollar pulled back from Wednesday's trend high, leaving the DXY at lows of 96.20, down from 97.20 highs seen yesterday. Incoming data was mostly in-line with expectations, though the manufacturing ISM was light of forecasts. Wall Street rallied as Trump said progress was being made in U.S./China trade matters. Read more

XE Market Analysis: North America - Nov 01, 2018

By: XE Market Analysis

The Dollar has come under broad pressure, losing over 0.5% to the Euro, nearly 1% to the Pound and comfortably more than 1% against the Australian and New Zealand Dollars. EUR-USD posted a rebound high of 1.1388 in what is the first daily back-to-back gain in three weeks. Read more

XE Market Analysis: Europe - Nov 01, 2018

By: XE Market Analysis

The Dollar has come under pressure today, initially via short-squeezes in AUD-USD, NZD-USD and GBP-USD, and latterly by a rebound in EUR-USD, which has recouped to the mid 1.1300s from yesterday's four-month low at 1.1302. The Aussie and Kiwi Dollars, meanwhile, are showing 1%-plus gains, and Cable is up by 0.8%. Read more

XE Market Analysis: Asia - Oct 31, 2018

By: XE Market Analysis

The Dollar index printed fresh tend highs of 97.19 in N.Y. on Wednesday, with support coming from a higher than expected ADP jobs print. EUR-USD bottomed at 1.1305, just above the August low, while USD-JPY printed three-week highs before turning lower. Read more

XE Market Analysis: North America - Oct 31, 2018

By: XE Market Analysis

EUR-USD printed a fresh four-month low at 1.3330. Data, including an expected rise in October Eurozone HICP to 2.2% y/y from 2.1%, had little impact. We remain bearish of EUR-USD with signs of flagging economic growth momentum in the Eurozone, along with concerns about the Eurosceptic political movement, juxtaposing a U.S. Read more

XE Market Analysis: Europe - Oct 31, 2018

By: XE Market Analysis

The Dollar majors have been trading mixed and in generally narrow ranges against a backdrop of mostly stock markets, which are finishing a bad month with something of a flourish. Chinese stock markets managed a second day of gains, despite the official October manufacturing PMI falling to 50.2, the lowest since July 2016 and down from 50.8 in the month prior. Read more

XE Market Analysis: Asia - Oct 30, 2018

By: XE Market Analysis

The Dollar rallied in N.Y. on Monday, sending the DXY to 16-month highs of 97.02. Incoming U.S. data was supportive, as consumer confidence held up better than expected. EUR-USD fell from over 1.1380 to 1.1341 lows, while USD-JPY topped at 112.98. USD-CAD was supported by softer oil prices, peaking at 1.3147. Read more

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