Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News

AD

XE Market Analysis: Asia - Jun 11, 2013

By: XE Market Analysis

FX trade was thin and choppy in N.Y. on Tuesday, with the dollar heading south once again. Rumors of impending Fed tapering supported the greenback initially, though a counter rumor later circulated, saying a September slowdown would be more likely, took the USD back toward session lows. Read more

XE Market Analysis: North America - Jun 11, 2013

By: XE Market Analysis

The European morning session was dominated by deleveraging, which boosted JPY and CHF, but left the USD mixed overall despite U.S. 10-year yields reaching fresh 14-month highs. Asian markets fell after the BoJ left policy unchanged and failed to act to stem JGB market volatility. Read more

XE Market Analysis: Europe - Jun 11, 2013

By: XE Market Analysis

The dollar weakened overnight as intra-day accounts keyed off a downturn in USD-JPY amid disappointment that the BoJ left policy unchanged. The focus will turn to the accompanying press conference from BoJ Governor Kuroda, which is expected to cover recent market volatility and reiterate the BoJ commitment to the 2% inflation target. Read more

XE Market Analysis: Asia - Jun 10, 2013

By: XE Market Analysis

The dollar was mostly softer in N.Y. trade on Monday, though USD-JPY maintained some of its overnight bid tone. There was no U.S. data to drive the FX market, while U.S. equities moved lethargically on either side of flat through the session. EUR-USD made its way over 1.3260 after finding good support into 1.3180, perhaps on the back of Draghi comments, which sounded relatively hawkish (see below). Read more

XE Market Analysis: North America - Jun 10, 2013

By: XE Market Analysis

The European morning was relatively quiet compared with the heavy price chop seen in the latter part of last week. European markets keyed off the Nikkei's 5% surge and the stability in USD-JPY, which took it over 98.75. AUD was weighed by China data, which provided evidence that China is slowing, though the impact on other currencies was muted overall. Read more

XE Market Analysis: Europe - Jun 10, 2013

By: XE Market Analysis

A positive for risk appetite is the Nikkei's 5% surge and the subsquent stability in USD-JPY over 98.00. This should set the market up for a steadier trading session, bearing in mind that it was a meltdown in yen-funded carry trades that triggered heavy volatility last week. Read more

XE Market Analysis: Europe - Jun 10, 2013

By: XE Market Analysis

A positive for risk appetite is the Nikkei's 5% surge and the subsquent stability in USD-JPY over 98.00. This should set the market up for a steadier trading session, bearing in mind that it was a meltdown in yen-funded carry trades that triggered heavy volatility last week. Read more

XE Market Analysis: Asia - Jun 07, 2013

By: XE Market Analysis

The dollar managed to move higher on Friday in N.Y. dealings, following a slightly better than forecast May employment report. The markets had priced in risks for a weaker NFP outcome, and when that didn't materialize, the dollar, equities, and Treasury yields all rose. Read more

XE Market Analysis: North America - Jun 07, 2013

By: XE Market Analysis

FX markets traded quietly in Europe after the wild moves seen after Thursday's ECB press conference, which was the catalyst for long dollar liquidation and a massive meltdown in yen-funded carry trades. The dollar drifted higher from the European open, mainly due to a lack of interest ahead of the NFP release. Read more

XE Market Analysis: Europe - Jun 07, 2013

By: XE Market Analysis

USD-JPY and AUD-USD came back under pressure in Asia as hedge funds and short term specs continued to liquidate carry trade positions. The dollar remained under pressure, though mostly against the yen in Asia after it was crushed in N.Y. trade on Thursday. Read more

Pages

Paste link in email or IM