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XE Market Analysis: Antipodean Currencies Jump Higher Over US-China “Big deal” comments

By: xemarketanalysis

OVERVIEW A strong US Dollar is trading near 12-weeks high relative to its major peers Euro and Sterling remain near multi-month lows amid political uncertainty and soft data. Read more

XE Market Analysis: North America - Oct 30, 2018

By: XE Market Analysis

EUR-USD posted fresh intraday lows under 1.1360. EUR-CHF has also come under pressure, while EUR-JPY and EUR-GBP have maintained a relative buoyancy due to specific concurrent underperformance of both the Yen and the Pound. The losses in EUR-USD have been concomitant of a renewed spike in Italian yields following disappointing GDP data out of Italy. Read more

XE Market Analysis: Europe - Oct 30, 2018

By: XE Market Analysis

The Yen has declined and the commodity currencies have firmed amid a risk-back-on them in Asian markets. China announced fresh initiatives to shore up its equity markets, with its securities regulator announcing earlier that it will encourage share buybacks and investment from insurance companies, and M&A among listed companies, while Trump said, with typical hyperbole, that he can foresee a "great deal" with China during an interview with Fox News yesterday (although adding that Beijing was not ready yet). Read more

XE Market Analysis: Asia - Oct 29, 2018

By: XE Market Analysis

The dollar firmed up in N.Y. trade on Monday, taking the DXY to highs of 96.70, just under Friday's two-plus month peak of 96.86. Incoming data was mixed, with earnings on the light side, but spending higher than forecast. Risk-on conditions returned, though Wall Street ended well off its highs. Read more

XE Market Analysis: Merkel's Career Announcement Weighs on Euro

By: xemarketanalysis

OVERVIEW British cartel traders were acquitted of rigging currency market US spending and inflation beats estimates, pushes Gold down and the Greenback up. Brexit continues to plague GBP with continued uncertainty HIGHLIGHT The Euro sank against the US Dollar today after German PM Angela Merkel announced she would not be seeking re-election and would step down in 2021. Read more

XE Market Analysis: North America - Oct 29, 2018

By: XE Market Analysis

It's been a slow start to the week in terms of direction in currency markets. EUR-USD ebbed back under 1.1400 after failing to sustain gains above this level. An intraday low was printed at 1.1360 and the pair has since settled around the 1.1380-90 area. Read more

XE Market Analysis: Europe - Oct 29, 2018

By: XE Market Analysis

Narrow ranges have prevailed so far today in forex markets. EUR-USD has nudged above 1.1400, but the range has been less than 20 pips. USD-JPY has posted a narrow range so far, marked by 111.77 and 112.04, holding comfortably within the range seen on Friday. Read more

XE Market Analysis: Asia - Oct 26, 2018

By: XE Market Analysis

The Dollar index fell from trend highs of 96.86 to 96.31 before finding its footing in N.Y. trade on Friday. A stronger than expected Q3 U.S. GDP print gave no help to the Greenback, as risk-off conditions prevailed following earnings misses from Amazon and Google, which saw Wall Street tank. Read more

XE Market Analysis: G-10 Currencies Fading Away as US GDP Gallops Faster

By: xemarketanalysis

OVERVIEW The USD touched a two-month high vis-à-vis its significant peers as American GDP beat estimates Commodity-currencies slid into negative territory amid trade tensions and falling oil prices NYMEX WTI Crude rolled lower, down 1.2% to $66.70 a barrel. HIGHLIGHT The DXY index, which tracks the performance of the Greenback relative to other major currencies, is sitting at a two-month low. Read more

XE Market Analysis: North America - Oct 26, 2018

By: XE Market Analysis

The Yen strengthen on a safe-haven bid amid a backdrop of coursing risk aversion, while the Dollar also traded firmer against most currencies outside the case against the Japanese currency. USD-JPY fell to an 11-day low at 111.86, while AUD-JPY dove over 1% into two-year territory and EUR-JPY printed two-month lows. Read more

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