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XE Market Analysis: Europe - Nov 30, 2017

By: XE Market Analysis

Sterling continued has extended its ascent into a third day, with Cable punching out a fresh two-month high of 1.3480 and EUR-GBP plumbing a three-week low. Reports continue to point to a deal-in-the-works between the EU and the UK on the final financial settlement, and there is also raised hopes that an agreement will be made on the Irish border issue (and so avoid the spectre of a Dublin veto). Read more

XE Market Analysis: Asia - Nov 29, 2017

By: XE Market Analysis

The dollar started the N.Y. session on a firmer footing in early N.Y. trade on Wednesday, though later faded, taking the DXY to a low of 93.13 from session highs of 93.43. EUR-USD bounced from 1.1818 lows to top later at 1.1865, while USD-JPY faded to 111.69 from highs near 112.15. Read more

XE Market Analysis: Sterling Stronger on Rumored Breakthrough in Brexit Negotiation

By: xemarketanalysis

OVERVIEW The Sterling leaped to a two-month high earlier today on renewed Brexit negotiation progress. The US Dollar slips on concerns of a shutdown in the US government after Democrats pull out of the meeting with the President. Cryptocurrency Bitcoin surges to another all-time high above $11,000. HIGHLIGHT The Pound has moved sharply higher against most of the currencies as renewed hope over Brexit negotiations help the currency grow stronger. Read more

XE Market Analysis: North America - Nov 29, 2017

By: XE Market Analysis

The dollar lifted moderately in cautious trading as key data releases from the major economies loom on the near-horizon and with uncertainties prevailing with regard to the scope of Fed tightening ahead and U.S. fiscal policy. USD-JPY recovered from the two-month low seen late yesterday at 110.83, which followed a bout of safe haven demand for the yen on reports that North Korea was prepping another test of a ICBM. Read more

XE Market Analysis: Europe - Nov 29, 2017

By: XE Market Analysis

Sterling has been the star performer, with markets responding to a story in the Telegraph newspaper reporting that the UK and the EU have agreed on a financial divorcing settlement, which could be up to GBP 55 bln, according to other sources. Despite a government source saying that "there is, as yet, no settlement" and "negotiations are ongoing," and despite the fact that the Irish border remains a sticking point with Dublin intransigent on its view that there can be no hard customs border between the north and the south, the pound rallied. Read more

XE Market Analysis: Asia - Nov 28, 2017

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Tuesday, with some choppy price action noted in both USD-JPY and GBP-USD. The former fell to session lows of 111.06 from near 111.45 after a reported N. Korea missile test. Cable meanwhile, rocketed up to 1.3371 highs from 1.3235 after reports circulated that the EU and U.K. Read more

XE Market Analysis: North America - Nov 28, 2017

By: XE Market Analysis

The dollar lifted moderately in cautious trading as key data releases from the major economies loom on the near-horizon and with uncertainties prevailing with regard to the scope of Fed tightening ahead and U.S. fiscal policy. USD-JPY recovered from the two-month low seen late yesterday at 110.83, which followed a bout of safe haven demand for the yen on reports that North Korea was prepping another test of a ICBM. Read more

XE Market Analysis: Europe - Nov 28, 2017

By: XE Market Analysis

The dollar has lifted moderately in cautious trading as key data releases from the major economies loom on the near-horizon and with uncertainties prevailing with regard to the scope of Fed tightening ahead and U.S. fiscal policy, and on the political front in Germany and Catalonia, along with the risk for the Irish border to become a major sticking point in the Brexit negotiation. Read more

XE Market Analysis: US Dollar Remains Soft

By: xemarketanalysis

OVERVIEW USD slipped to 2-month low, with recovers on new home sales. The Euro hits a 2-month high on hopes for a German 'grand coalition'. Read more

XE Market Analysis: Asia - Nov 27, 2017

By: XE Market Analysis

The dollar was mostly firmer in N.Y. trade on Monday, supported by better housing data, and hopes for a U.S. tax reform package, as the Sentate pushes to pass its version this week. EUR-USD eased back to 1.1898 lows after printing new 2-month highs of 1.1961 early in the session. Read more

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