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XE Market Analysis: Italian Woes Drive Euro to Seven Week Lows

By: xemarketanalysis

OVERVIEW The DXY Index remains near a six-week high as US Treasury Yields jump to 7-year high The PKR sheds 7% as the country seeks bailout from the IMF WTI holds near $74.30 a barrel as gold slides lower to $1,180 an ounce HIGHLIGHT The Pakistani Rupee is making headlines today after plunging nearly 7% against the Greenback today. Read more

XE Market Analysis: North America - Oct 09, 2018

By: XE Market Analysis

The Dollar has lifted across-the-board, concomitantly with the 10-year U.S. Treasury yield hitting fresh seven-year highs, which contributed to a firmly risk-off sentiment in global markets. The U.S. currency also benefitted by EUR-USD selling amid a renewed spike in Italian yields as markets increasingly lose confidence in the credibility of the coalition government's budget plans, while sub-forecast retail sales data out of the UK also kept Cable under pressure. Read more

XE Market Analysis: Europe - Oct 09, 2018

By: XE Market Analysis

Narrow ranges have been prevailing among the main dollar pairings an cross rates, though this may change once the European interbank market enters the fray amid a backdrop dynamic of risk aversion. Chinese stock markets have managed to stabilise after yesterday's rout, though intraday gains have been wiped out in post-lunch trading so far. Read more

XE Market Analysis: North America - Oct 08, 2018

By: XE Market Analysis

The Yen has outperformed while the Pound and the Euro have underperformed amid a backdrop of risk aversion in global markets. Trading conditions have been thinned by the absence of Tokyo today, and with holidays due in Canada and the U.S. The Euro has come under pressure concomitantly with a fresh spike in Italian yields and a sharp dive in Italian equity markets after the European Commission rejected the Italian government's budget deficit targets. Read more

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

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