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XE Market Analysis: Soft NFP May Send Greenback Into a Stormy Session

By: xemarketanalysis

OVERVIEW Non-Farm Payroll increased by 164k below market expectations. Unemployment rate falls to a new 17-year low at 3.9% JPY continues to climb higher on safe-haven demand. HIGHLIGHT The talk of the town today remains undoubtedly on the Non-Farm Payroll employment report. Read more

XE Market Analysis: North America - May 04, 2018

By: XE Market Analysis

The dollar managed a rebound from declines that were seen in the wake of Wednesday's less-hawkish than expected Fed statement. Expectations for a strong April U.S. payrolls report today, coupled with lower levels, elicited fresh demand for the greenback. Read more

XE Market Analysis: Europe - May 04, 2018

By: XE Market Analysis

The dollar has remained in a consolidation after pulling back from recent trend highs. EUR-USD has remained settled in the upper 1.1900s after posting a new four-month low at 1.1937 on Wednesday. Rebound gains above 1.2000 have so far proved fleeting. Read more

XE Market Analysis: Eurozone Inflation Cools Unexpectedly, Fed Remains Steady

By: xemarketanalysis

OVERVIEW US Dollar remains firm after Fed signals a steady course for rate hikes. Euro remains steady despite CPI slowing. GBP weak after service sector data. Turkish Lira falls to fresh record low. HIGHLIGHT Annual inflation in the Eurozone unexpectedly slipped to just 1.2% in April, as prices of services increased at a slower pace adding to doubts about the ECB’s plan for a gradual withdrawal of monetary stimulus. Read more

XE Market Analysis: Asia - May 03, 2018

By: XE Market Analysis

The dollar retreated from Wednesday's trend highs, leaving the DXY at afternoon lows of 92.51. The index topped yesterday at 92.83. Incoming U.S. data was generally USD supportive, though he return of trade concerns, and another risk off session resulted in some dollar profit taking. Read more

XE Market Analysis: North America - May 03, 2018

By: XE Market Analysis

The dollar remained perky although off the trend highs posted yesterday against most of its main counterparts. The USD index (DXY) was showing a fractional 0.1% decline as of the early European PM session, at 92.44, settling off yesterday's four-and-a-half-month peak at 92.83. Read more

XE Market Analysis: Europe - May 03, 2018

By: XE Market Analysis

The dollar has ebbed from trend highs after the Fed issued a less hawkish than expected statement following its widely anticipated decision to leave policy unchanged yesterday. EUR-USD has settled in the upper 1.1900s, up from its four-month low at 1.1937, and USD-JPY has settled near 109.60 after posting a fresh 11-week high at 110.03. Read more

XE Market Analysis: Asia - May 02, 2018

By: XE Market Analysis

The dollar had been on the rise ahead of the Fed, though abruptly turned lower following the FOMC announcement, where policy was left unchanged, as-expected. The statement noted the FOMC sees inflation close to goal, and sees further gradual rate hikes going forward. Read more

XE Market Analysis: US Dollar Hits New Highs for The Year Ahead of Fed Meeting

By: xemarketanalysis

OVERVIEW US Dollar index at new 2018 highs. The Euro under pressure after GDP data confirms slower growth. GBP supported by rebound in construction activity. Swedish Krona falls after central bank comments. HIGHLIGHT The US Dollar index hit new highs for the year ahead of the Federal Reserve's interest rate decision later today, where it's expected they will continue to signal further rate hikes as the US economy grows at a reasonable pace. Read more

XE Market Analysis: North America - May 02, 2018

By: XE Market Analysis

The dollar retreated some after posting fresh highs against the yen, sterling and some other currencies. Firmer than expected UK construction PMI data gave Cable some added lift, driving the Cable above 1.3860, up on the four-month low that was seen just ahead of the London open at 1.3580. Read more

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