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XE Market Analysis: Europe - Aug 16, 2013

By: XE Market Analysis

Markets remained defensive into the weekend, which kept JPY and CHF underpinned. However, the USD traded on the softer side as longs liquidated positions in thin conditions after yesterday's European close. USD-JPY was capped by very large option expiries that are rolling off later today, while EUR was steady around 1.3350 and AUD traded close to 0.9150. Read more

XE Market Analysis: Asia - Aug 15, 2013

By: XE Market Analysis

The dollar firmed up in morning N.Y. trade on Thursday, with the large slate of data mostly positive. A multi-year low initial jobless claims print helped sentiment, which brought Fed taper prospects back into focus. At the same time, Treasury yields ramped up to trend highs, as Wall Street fell sharply, as stimulus addicted equity traders caught the cold sweats. Read more

XE Market Analysis: North America - Aug 15, 2013

By: XE Market Analysis

The dollar maintained a slightly softer tone. USD-JPY losses stood out in Asia as Japanese policy makers ruled out a corporate tax cut due to its lack of effectiveness. GBP posted the best moves in Europe as U.K. retail sales surged in July, which lifted Cable to the 1.5600 region. Read more

XE Market Analysis: Europe - Aug 15, 2013

By: XE Market Analysis

The dollar maintained a slightly softer tone after it eased in N.Y. trade on Wednesday, as very tame PPI data took Treasury yields a bit lower. USD-JPY losses stood out in Asia as summer doldrums kept its grip on markets. The dollar pairing fell to 97.70 as Japanese policy makers ruled out a corporate tax cut. Read more

XE Market Analysis: Asia - Aug 14, 2013

By: XE Market Analysis

After picking up some ground overnight, the dollar eased back in N.Y. trade on Wednesday, as very tame PPI data took Treasury yields a bit lower, denting USD sentiment in the process. Overall though, FX ranges were relatively tight, as the summer doldrums kept its grip on markets. Read more

XE Market Analysis: North America - Aug 14, 2013

By: XE Market Analysis

The dollar maintained a steady to firmer tone. A late rally in the Nikkei provided a lift to USD-JPY from 98.00 to 98.40 in early Europe before exporter offers set in, although it held on to the majority of these gains ahead of the N.Y. open. The CHF continued to experience leverage fund selling. Read more

XE Market Analysis: Europe - Aug 14, 2013

By: XE Market Analysis

The G10 FX experienced a holding pattern in quiet trade. Only JPY posted a very modest move higher as the Nikkei experienced profit taking, which left USD-JPY close to 98.00 from the 98.30 area. EUR traded near 1.3250 following Tuesday's downturn amid a broadly firmer dollar tone as U.S. Read more

XE Market Analysis: Asia - Aug 13, 2013

By: XE Market Analysis

The dollar firmed up in N.Y. trade on Tuesday, helped by a stronger ex-autos retail sales outcome, and tame import prices. Equities started out under water, though later recovered on Fed's Lockhart remarks, which seemed to be equivocating a bit more over a September taper, while Treasury yields ticked higher as well. Read more

XE Market Analysis: North America - Aug 13, 2013

By: XE Market Analysis

The dollar held on to a steady to firmer tone throughout the session. The upturn was compounded by a move higher in U.S. yields and USD-JPY firmness. JPY keyed off a 2.43% rally via the Nikkei 225 as the Japanese press tipped a corporate tax cut and led the move from 97.00 to 98.00. Read more

XE Market Analysis: Europe - Aug 13, 2013

By: XE Market Analysis

The dollar traded at firmer levels, with price action supported by a move higher in U.S. Treasury yields. USD-JPY moved into the 97.50 area on a rise in risk appetite amid reports that PM Abe is considering a corporate tax cut, while there were more suggestions that he could also delay the sales tax hike. Read more

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