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XE Market Analysis: Sterling Wears the Crown for Best Performing G-10 Currency

By: xemarketanalysis

OVERVIEW The US Dollar Index halts a three-day freefall ahead of FOMC announcement GBP/USD oscillates around the mid-point of 1.31 as MPs gather to debate Brexit Plan B before tonight's critical vote NYMEX WTI Crude is up 2.40% after the Trump administration imposes sanctions on Venezuela HIGHLIGHT MPs gather at Westminster to debate Plan B of the exit deal, and we expect the GBP/USD to travel through a choppy session. Read more

XE Market Analysis: North America - Jan 29, 2019

By: XE Market Analysis

The Dollar majors have seen little net direction, with forex markets in an noncommittal state ahead of U.S.-China trade talks, due today and tomorrow, which carries potential to directionally impact global markets. EUR-USD corrected out of a two-week high at 1.1450, which extended the rebound from last week's six-week low at 1.1289. Read more

XE Market Analysis: Europe - Jan 29, 2019

By: XE Market Analysis

The Dollar has traded softer versus the Euro and Yen, while holding near net unchanged levels versus Sterling and the Dollar bloc currencies. EUR-USD to a two-week low at 1.1443, extending the rebound from last week's six-week low at 1.1289. Most Euro crosses are also up, with EUR-CHF carving out a six-week high, and EUR-GBP posting a five-week peak. Read more

XE Market Analysis: Asia - Jan 28, 2019

By: XE Market Analysis

After attempting to rally early in the N.Y. morning session on Monday, the Dollar pulled back. The DXY fell to two-week lows of 95.64 from early highs of 95.89. Risk-off conditions prevailed, sending U.S. yields and equities lower. EUR-USD ran up to 1.1446 highs, while USD-JPY dipped under 109.20. Read more

XE Market Analysis: Pound Stumbles Ahead of Critical Brexit Vote Tomorrow

By: xemarketanalysis

OVERVIEW After its best week in fifteen months, the value of the GBP fell today in advance of tomorrow's crucial Brexit separation plan Plan B vote in British Parliament. Now that the US government shut down is open (for three weeks for now), the dollar slipped slightly in advance of a two-day Fed policy meeting and the re-opening of US-China trade talks tomorrow. Read more

XE Market Analysis: North America - Jan 28, 2019

By: XE Market Analysis

The Dollar majors have mostly seen little directional shift, though the Pound has seen moderate across-the-board weakness ahead of tomorrow's Brexit crunch day in the UK's Parliament. EUR-USD has been orbiting the 1.1400 level, printing a high in Asia at 1.1426 and a low in London at 1.1390. Read more

XE Market Analysis: Europe - Jan 28, 2019

By: XE Market Analysis

Forex markets have been directionally limited in early week trading so far. The main theme has been modest Yen gains, which has been concurrent with a drop from highs in Asian equity markets, with some indexes turning negatives. S&P 500 futures have declined by 0.3%. Read more

XE Market Analysis: Sterling Shines Near a Two-Month High on Brexit Optimism

By: xemarketanalysis

OVERVIEW The US dollar index remains steady near and hovers around a three-week high as shutdown persists GBP climbs above the mid-point of 1.31 after DUP extends support to the Plan B of the Brexit separation agreement NYMEX WTI Crude is up 0.4%, and the market is nervous about potential oil production outages in Venezuela HIGHLIGHT Reports that the Democratic Unionist Party (DUP) will extend support to PM May’s Plan B has sent the British Pound to a 2-month high. Read more

XE Market Analysis: Asia - Jan 25, 2019

By: XE Market Analysis

The Dollar came under broad pressure in N.Y. on Friday, seeing the DXY dive under the 96.00 mark to better than one-week lows. The Greenback lost ground to all the major currencies, with sellers stepping in in earnest at the N.Y. open. Drivers behind the move likely included the lack of progress on re-opening the government, a WSJ report that the Fed is mulling an early end to balance sheet reduction, and the reversal of safe-haven flows into the USD, as risk-on conditions returned. Read more

XE Market Analysis: Sterling Shines Near a Two-Month High on Brexit Optimism

By: xemarketanalysis

OVERVIEW The US dollar index remains steady near and hovers around a three-week high as shutdown persists GBP climbs above the mid-point of 1.31 after DUP extends support to the Plan B of the Brexit separation agreement NYMEX WTI Crude is up 0.4%, and the market is nervous about potential oil production outages in Venezuela HIGHLIGHT Reports that the Democratic Unionist Party (DUP) will extend support to PM May’s Plan B has sent the British Pound to a 2-month high. Read more

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