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XE Market Analysis - Sterling Rises on Brexit Hopes and US Dollar Fades Before Midterms

By: xemarketanalysis

OVERVIEW Sterling rallied today after Britain reportedly is close to a divorce deal from the EU The Greenback lost altitude as Americans, and currency watchers brace for tomorrow's US Midterm Elections Currency analysts predict the Euro will rally by over 2% against the Greenback, yet skepticism remains. Read more

XE Market Analysis: North America - Nov 05, 2018

By: XE Market Analysis

Mostly narrow ranges have prevailed so far today, though Sterling managed to break higher on news that a Brexit deal may be on the cards. USD-JPY edged out a three-session high at 113.33, while most Yen crosses have remained within their respective Friday ranges. Read more

XE Market Analysis: Europe - Nov 05, 2018

By: XE Market Analysis

The Pound lifted on a report that the EU and UK are close to making a deal on Brexit, which will reportedly involve keeping the UK in the customs union (according to sources cited by the Sunday Times). Cable posted a high of 1.3025 in opening trade in New Zealand after closing Friday at 1.2065, while GBP-JPY rallied to a two-week high and EUR-GBP to a two-week low. Read more

XE Market Analysis: Asia - Nov 04, 2018

By: XE Market Analysis

The Dollar rallied in N.Y. on Friday, helped by a strong jobs report, and firm factory orders. Treasury yields firmed and helped support the Greenback as well. The DXY topped at 96.59, coming from 95.99 lows seen into the open. EUR-USD fell back from 1.1456 to 1.1373 lows, while USD-JPY peaked at 113.32 from 112.79 lows. Read more

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

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