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XE Market Analysis: Asia - May 28, 2019

By: XE Market Analysis

The Dollar advanced modestly in N.Y. trade on Tuesday, taking the DXY to four-session highs of 97.96, up from 97.72 lows seen early in the session. A better than expected consumer confidence outcome supported the Greenback some. EUR-USD slipped toward 1.1160, from pre-open highs of 1.1198. Read more

XE Market Analysis: US-China Trade Tensions Holding Currencies in Goldilocks Limbo-Land

By: xemarketanalysis

OVERVIEW The US Dollar is moving slowly after Memorial Day, creeping up a couple of pips GBP USD likely will be a volatile pair as the UK wonders who will be the next occupant of 10 Downing Street Bank of Canada expected to hold interest rates, loonie expected to trade with negative bias HIGHLIGHT The currency market moves into the final week of the month with a generally cautious tone. Read more

XE Market Analysis: North America - May 28, 2019

By: XE Market Analysis

A moderate risk-off theme become re-established in global markets, which pushed Treasury and other top-tier sovereign yields lower, hit stock markets while buoying the Yen in forex markets. USD-JPY ebbed moderately lower as the Japanese currency picked up a safe-haven bid, breaking free of what had been a narrow orbit of the 100.50 level. Read more

XE Market Analysis: Europe - May 28, 2019

By: XE Market Analysis

The dollar majors are lacking directional bias so far today, with participants hunkering down in Asia into the return of full market participation, and liquidity, that the reopening of markets in London and New York will bring today following long weekends in the UK and U.S. Read more

XE Market Analysis: North America - May 27, 2019

By: XE Market Analysis

Conditions have been thin in the absence of London markets and with the U.S. off today. The Euro traded firmer, with EUR-USD having edged out an 11-day high at 1.1215, while EUR-JPY and EUR-CHF concurrently recouped recently lost ground. EUR-GBP, in contrast, descended to a five-day low as the Pound rebounded from recent trend lows. Read more

XE Market Analysis: Europe - May 27, 2019

By: XE Market Analysis

Risk-off positioning have unwound some more in the forex markets, with the Dollar, Yen and Swiss Franc all losing ground to most of the main currencies today. A rally of over 0.5% in AUD-JPY has led the way, which has extended the rebound-form-trend lows seen late last week. Read more

XE Market Analysis: Asia - May 24, 2019

By: XE Market Analysis

The Dollar came under pressure again in N.Y. on Friday, taking the DXY to seven-session lows of 97.55, after touching two-year highs of 98.37 on Thursday.Weaker PMI data on Thursday was a major weight on the Dollar then, and a soft durables report Friday did further damage to the Greenback. Read more

XE Market Analysis: The GBP Facepalms as UK Prime Minister Parachutes from Brexit Process

By: xemarketanalysis

OVERVIEW The US Dollar slides lower as trade tensions start to bite the economy The British Pound holds steady ahead of a volatile session after the PM announces her departure date (June 7th) Read more

XE Market Analysis: North America - May 24, 2019

By: XE Market Analysis

A rally in Sterling interrupted an otherwise directionally-limited London AM session in the forex market. The spark was the resignation announcement of Prime Minister May, who will step down on June 7th, after President Trump's three-day state visit. Cable sprang about 0.5% higher in posting a 1.2718 high, which extending a rebound from the near five-month low seen yesterday at 1.2605. Read more

XE Market Analysis: Europe - May 24, 2019

By: XE Market Analysis

The Dollar, Yen and Swiss Franc have softened amid a hiatus in the risk-off theme that dominated markets yesterday. Sentiment remains fragile, though. The MSCI Asia-Pacific (ex-Japan) equity index still managed to carve out a fresh four-month low at the intraday low, before recovering a little, with the main Chinese indexes showing fractional gains. Read more

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