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XE Market Analysis: Europe - Jun 06, 2018

By: XE Market Analysis

Both the dollar and yen have traded softer against most other currencies. EUR-USD has edged out a two-week high at 1.1734. EUR-JPY also posted a two-week peak, though the euro has traded more mixed (i.e. net neutral) versus other currencies, with euro crosses having flattened out for the most part out after rallying over the last week on the shifting Italian political situation. Read more

XE Market Analysis: Asia - Jun 05, 2018

By: XE Market Analysis

The dollar firmed early in the N.Y. session, helped by a stronger services ISM. The DXY made its way to 94.31 highs before later heading to 93.79 lows. EUR-USD popped following reports that the ECB may announce its end date for its QE program at the next policy meeting. Read more

XE Market Analysis: Twiddling Thumbs After Trades and Tariffs

By: xemarketanalysis

OVERVIEW Second-tier data brings temporary calmness in the markets. Commodity currencies under pressure from bilateral NAFTA and sliding oil prices. WTI sheds 35 cents, moving to an 8-week low near $64.42 a barrel. HIGHLIGHT The USD/JPY pair failed to breach the technical 200-day moving average and is now slowly sliding below the key 110.00 psychological mark. Read more

XE Market Analysis: North America - Jun 05, 2018

By: XE Market Analysis

The dollar has traded mixed, holding net steady against the euro and yen, losing ground to the pound following a strong services PMI release out of the UK, while gaining against the Canadian and Australian dollars. EUR-USD lost upside traction, with the pair reverting to a narrow oscillation of the 1.1700 level. Read more

XE Market Analysis: Europe - Jun 05, 2018

By: XE Market Analysis

There has been limited net direction among the main currencies so far today as the London interbank opens. EUR-USD has lost upside traction, with the pair reverting to a narrow oscillation of the 1.1700 level. Euro crosses have also flattened out after rallying over the last week on the shifting Italian political situation. Read more

XE Market Analysis: Asia - Jun 04, 2018

By: XE Market Analysis

The dollar started out on a softer footing in N.Y. on Monday, though managed a modest rally through the remainder of the day, as risk appetite picked up. The DXY picked up to 94.14 from 93.67 opening lows. EUR-USD fell from 1.1745 to 1.1677, while USD-JPY rallied to 109.75 from 109.37. Read more

XE Market Analysis: Brexit Legislation to Return to the House of Commons

By: xemarketanalysis

OVERVIEW The US Dollar remains strong as expectations for higher interest rates continue to make the Greenback attractive. Sterling remains under pressure as Brexit uncertainty continues to weigh on this currency. The Australian Dollar surges helped by stronger than expected retail sales and corporate gross revenue profits. HIGHLIGHT Sterling is under pressure as Brexit uncertainty returns with The Times running an article that the House of Commons will vote on Brexit legislation on June 12th. US DOLLAR President Trump signaling his intention to push ahead with a transatlantic trade war by imposing tariffs on steel and aluminum imports from the EU, Canada, and Mexico. Read more

XE Market Analysis: North America - Jun 04, 2018

By: XE Market Analysis

The dollar and yen lost ground to most other currencies, particularly the euro, which has continued last week's rebound, and the dollar bloc currencies, which were underpinned by a coursing risk-on sentiment in global markets. EUR-USD lifted to a seven-session high of 1.1737, driven by on ongoing recovery in the euro, which posted fresh highs versus the yen and sterling, and other currencies. Read more

XE Market Analysis: Europe - Jun 04, 2018

By: XE Market Analysis

AUD-JPY rallied by about 1%, which is the biggest movement in early-week trading out of the main currencies, and emblematic of a broader tone of risk appetite in global markets. USD-JPY posted a six-session high at 109.76, surpassing Friday's peak by 3 pips. Read more

Weekly Indicators: long leading indicators turn neutral edition

By: New_Deal_democrat

May data started out with an excellent employment report, with new expansion lows in unemployment and underemployment and a new expansion high in wage growth for ordinary workers. Both the ISM and the Chicago PMI manufacturing reports were also very positive. Read more

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