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XE Market Analysis: North America - Jul 01, 2019

By: XE Market Analysis

The Dollar has rotated higher amid a strong post-G20 risk-back-on theme, interpreted by markets as meaning that the Fed is less likely to cut rates aggressively. Many market narratives promoted the view that the latest truce in the U.S.-Chain trade war will at the least kill off any lingering idea that the Fed may cut rates by as much as 50 bp in July. Read more

XE Market Analysis: Europe - Jul 01, 2019

By: XE Market Analysis

The Dollar has firmed up amid a strong post-G20 risk-on theme ensued, which has been interpreted by markets as meaning that the Fed is less likely to cut rates aggressively, with narratives promoting the view that latest truce in the U.S.-Chain trade war will at the least kill the possibility for the Fed to cut rates by 50 bp at its July FOMC. Read more

XE Market Analysis: Asia - Jun 28, 2019

By: XE Market Analysis

The Dollar managed modest gains in N.Y. on Friday, though for the most part, remained inside of recent trading ranges. The DXY headed to 96.30 highs, up from morning lows of 96.03. Incoming U.S. data was mixed, with income and spending data firmer, while the Chicago PMI slipped under the 50.0 boom/bust line for the first time since January of 2017. Read more

XE Market Analysis: The Currency Market is Tuned into the G20 Meetings in Osaka

By: xemarketanalysis

OVERVIEW The US dollar is in negative territory, down 0.15%, as investors avoid heavy bets. The Canadian dollar surged to a five-month high against the greenback on better-than-expected GDP and crude oil prices. Safe-haven currencies and gold prices retreated on profit-taking activities. HIGHLIGHT Safe-haven assets and currencies attracted much of the investors’ flows this month at the expense of the greenback. Read more

XE Market Analysis: North America - Jun 28, 2019

By: XE Market Analysis

Jostling for position ahead of the Trump-Xi showstopper has mostly characterised trading so far today, while the Euro saw a rotation higher following some perkier-than-expected inflation readings out of the Eurozone. In equity markets, moderate losses were seen in Asian markets, while moderate gains were seen across European bourses. Read more

XE Market Analysis: Europe - Jun 28, 2019

By: XE Market Analysis

Narrow ranges have been prevailing among the dollar majors, with activity crimped by the looming G20 meeting and long-awaited meeting between Presidents Trump and Xi. Stock markets in Asia have traded modestly lower, while in forex markets the Yen posted fractional gains. Read more

XE Market Analysis: Asia - Jun 27, 2019

By: XE Market Analysis

The DXY edged slightly higher through the N.Y. session on Thursday, taking the index to 96.29 highs from opening lows of 96.15. Wall Street bounced some, though Treasury yields remained soft. Incoming data had Q1 GDP unrevised at 3.1%, while jobless claims were a bit higher than expected. Read more

XE Market Analysis: Canadian Loonie Flexes Muscles Despite Beef with China

By: xemarketanalysis

OVERVIEW The US dollar made a comeback over reports that trade talks between Washington and Beijing are back on track. The Canadian dollar is ignoring a ban on its meat products by China and is trading firm against the USD on strong oil prices. Safe-haven currencies and gold prices are retracting ahead of the G20 summit. HIGHLIGHT The Euro moved into consolidation mode, fetching around 1.1350 US dollar. Read more

XE Market Analysis: North America - Jun 27, 2019

By: XE Market Analysis

The Yen dipped and then rebounded some as risk appetite in global stock markets went from risk-on, which dominated in Asia today, before turning risk-off during the European AM session, where market narratives become more circumspect about the prospects for meaningful progress between the U.S. Read more

XE Market Analysis: Europe - Jun 27, 2019

By: XE Market Analysis

The Yen continued to weaken as forex and Asian stock markets opted for risk-on positioning ahead of the G20 summit, betting for some progress between the U.S. and China despite justifiable reasons to be wary, given the recent history for disappointment. Read more

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