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XE Market Analysis: Asia - Dec 21, 2018

By: XE Market Analysis

The Dollar rallied in N.Y. on Friday. taking the DXY to 97.00, from 96.26 lows. USD short covering was a major driver, as many will be off work for much of next week, leaving liquidity at a premium. Today's U.S. data was mixed, seeing Q3 GDP revised down a tenth to 3.4%, and Michigan sentiment heading higher. Read more

XE Market Analysis: US Dollar Remains Under Pressure Over the Threat of a Government Shutdown

By: xemarketanalysis

OVERVIEW The Greenback is trying to recover from its lowest levels in four weeks, up 0.28% Safe-haven Yen strengthen to 15-week high amidst risk of global economic slowdown A barrel of NYMEX WTI Crude dropped to $45.50, losing a quarter of its value year-to-date. HIGHLIGHT Investors are unwitting participants on an episode of Fear Factor, Global Currencies. Read more

XE Market Analysis: North America - Dec 21, 2018

By: XE Market Analysis

The Dollar has traded moderately firmer, recouping some of the lost ground seen during the midweek, while a concurrent theme has been a broader correction in the Euro, which corrected after outperforming yesterday. EUR-USD ebbed to the lower 1.1400s, putting in a little distance from the six-week high printed yesterday at 1.1485. Read more

XE Market Analysis: Europe - Dec 21, 2018

By: XE Market Analysis

The Dollar majors have posted narrow ranges so far today, amid thin year-end volumes. Risk aversion has remained the dominant theme in equity markets in Asia following another negative closing on Wall Street on the familiar mix of the U.S. v China standoff and concerns about slowing global growth, although some Asian bourses, including Hong Kong and South Korea, have managed to stabilise, as have S&P 500 futures. Read more

XE Market Analysis: Asia - Dec 20, 2018

By: XE Market Analysis

The Dollar rallied some in early N.Y. trade on Thursday, largely as short covering stepped in following the DXY's move to one-month lows in Europe. U.S. government shutdown jitters, and another Wall Street swell-off later saw the Greenback retrace lower. Read more

XE Market Analysis: Europe - Dec 20, 2018

By: XE Market Analysis

The Yen has outperformed amid a risk-off backdrop, with stock markets in Asia tumbling and S&P 500 futures showing losses of over 0.5%, building on the closing losses seen on Wall Street yesterday after the Fed refrained from signalling a pause in its tightening cycle. Read more

XE Market Analysis: Asia - Dec 19, 2018

By: XE Market Analysis

The Dollar remained under pressure ahead of the FOMC announcement, taking the DXY to eight session lows of 96.56 early in the session. Traders pared long USD positions, and in some cases gone short on expectations the Fed will raise rates today, but signal a pause in tightening going forward. Read more

XE Market Analysis: North America - Dec 19, 2018

By: XE Market Analysis

The Dollar remained on a softening tack, printing fresh lows against some currencies, including both the Yen and the Euro, the latter of which has been the chief beneficiary of the softer U.S. currency. EUR-USD edged out a fresh nine-day high of 1.1414, which surpasses yesterday's peak by 13 pips. Read more

XE Market Analysis: Europe - Dec 19, 2018

By: XE Market Analysis

The Dollar has traded softer so far today as markets anticipate a "dovish hike" from the Fed today, being a 25 bp tightening complemented by a signal that policy is going neutral. There has been some speculation that the Fed might even refrain from hiking, though we are doubtful this will happen. Read more

XE Market Analysis: Asia - Dec 18, 2018

By: XE Market Analysis

The Dollar recovered some in N.Y. trade on Tuesday, taking the DXY to 97.16 from seven-session lows of 96.72 seen into the open. USD short covering ahead of the FOMC announcement on Wednesday was a driver, though the market appears to be ready for a dovish statement from the Fed after it likely raises rates by 25 basis points. Read more

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