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XE Market Analysis: US Dollar Firming, Stock Markets Recover

By: xemarketanalysis

OVERVIEW US Senate reportedly agrees on a 2-year government funding deal. Leaked document shows EU could restrict UK market access during the transition. German parties close to forming a coalition government. German industrial output fell 0.6% in December after surging 3.1% in November. UK house prices fell unexpectedly in January. European stock markets are up more than 2%. HIGHLIGHT The US Dollar is showing signs of strengthening, rising against all G10 currencies today, but in particular against the Euro which has come under pressure from news that SPD leader Martin Schulz won’t be appointed as Germany's finance minister. Read more

XE Market Analysis: North America - Feb 07, 2018

By: XE Market Analysis

The dollar traded mostly firmer as U.S. equity future declines, a shaky finish across Asian bourses and a tumble from intraday highs by the main European stock indexes suggest the risk-off phase may not be over yet. EUR-USD fell to a low of 1.2337, swinging yesterday's pre-Wall Street rebound low at 1.2313 back into scope. Read more

XE Market Analysis: Europe - Feb 07, 2018

By: XE Market Analysis

The dollar traded mixed versus its major peers and developing world currencies, losing ground to the yen, euro, and sterling, among others, while gaining versus the Australian dollar and some other currencies, including the New Zealand dollar after a short-lived rally the antipodean currency in the wake of an above-forecast Q4 employment report. Read more

XE Market Analysis: Asia - Feb 06, 2018

By: XE Market Analysis

The dollar started the session on a firmer footing, as it appeared Wall Street would melt down again at the open, which it did. Safe-haven dollar buying was noted before the opening bell, though after plunging initially, stocks turned-tail higher, resulting in dollar selling. Read more

XE Market Analysis: The VIX Index Surges as Risk Aversion Dominates the Financial Markets

By: xemarketanalysis

OVERVIEW The VIX index, which is commonly referred to as the ‘fear index’, has surged to a reading above 50, which is equal to levels we saw in June 2016 in reaction to Brexit. German industrial orders surge 3.8%, helped by strong demand from abroad. The Reserve Bank of Australia leaves rates on hold at 1.5%. HIGHLIGHT Following on from Friday’s robust employment report from the US where we saw average earnings rise by 2.9%, this has certainly increased the pressure of the FOMC to raise rates again. Read more

XE Market Analysis: North America - Feb 06, 2018

By: XE Market Analysis

The dollar has held firm, and the yen firmer amid a persisting global risk aversion theme. Japan's Nikkei closed with a 4.8% loss, and was showing intraday losses of over 6% at the lows, while the Shanghai Composite and Australia's ASX 200 racked up losses of over 3%, and the main European indexes declines of over 2%. Read more

XE Market Analysis: Europe - Feb 06, 2018

By: XE Market Analysis

The dollar has held firm, and the yen firmer amid a persisting global risk aversion theme. Japan's Nikkei closed with a 4.8% loss, and was showing intraday losses of over 6% at the lows, while the Shanghai Composite and Australia's ASX 200 racked up losses of over 3%. Read more

XE Market Analysis: Sterling Struggles at the Start of the Week

By: xemarketanalysis

OVERVIEW US Dollar consolidates from Friday's gains. Theresa May says no to customs union post-Brexit. HIGHLIGHT The US Dollar has consolidated its gains from Friday on the back of a stronger than expected employment number last month. Read more

XE Market Analysis: Asia - Feb 05, 2018

By: XE Market Analysis

The dollar was mixed in relatively light trade in N.Y. on Monday, posting modest gains against the CAD and GBP, while ending a bit higher versus the euro, and down against the yen. The services ISM bear expectations and gave the greenback a small boost, though overall FX trade remained nervous given the backdrop of volatile equity and bond markets. Read more

XE Market Analysis: North America - Feb 05, 2018

By: XE Market Analysis

The dollar mostly consolidated at higher levels versus those seen ahead of the U.S. jobs report on Friday, though USD-JPY was an exception, with the pair slipping to the 109.75-85 area as the yen picked up safe haven bids amid a backdrop of coursing risk aversion in global stock markets as investors factor in rising inflation expectations and tighter monetary policy. Read more

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