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XE Market Analysis: Asia - Oct 31, 2018

By: XE Market Analysis

The Dollar index printed fresh tend highs of 97.19 in N.Y. on Wednesday, with support coming from a higher than expected ADP jobs print. EUR-USD bottomed at 1.1305, just above the August low, while USD-JPY printed three-week highs before turning lower. Read more

XE Market Analysis: North America - Oct 31, 2018

By: XE Market Analysis

EUR-USD printed a fresh four-month low at 1.3330. Data, including an expected rise in October Eurozone HICP to 2.2% y/y from 2.1%, had little impact. We remain bearish of EUR-USD with signs of flagging economic growth momentum in the Eurozone, along with concerns about the Eurosceptic political movement, juxtaposing a U.S. Read more

XE Market Analysis: Europe - Oct 31, 2018

By: XE Market Analysis

The Dollar majors have been trading mixed and in generally narrow ranges against a backdrop of mostly stock markets, which are finishing a bad month with something of a flourish. Chinese stock markets managed a second day of gains, despite the official October manufacturing PMI falling to 50.2, the lowest since July 2016 and down from 50.8 in the month prior. Read more

XE Market Analysis: Asia - Oct 30, 2018

By: XE Market Analysis

The Dollar rallied in N.Y. on Monday, sending the DXY to 16-month highs of 97.02. Incoming U.S. data was supportive, as consumer confidence held up better than expected. EUR-USD fell from over 1.1380 to 1.1341 lows, while USD-JPY topped at 112.98. USD-CAD was supported by softer oil prices, peaking at 1.3147. Read more

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

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