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XE Market Analysis: North America - Jul 27, 2018

By: XE Market Analysis

The USD index (DXY) has posted a fresh one-week high of 94.91 as market participants anticipate upside risk to today's release of advance Q2 GDP out of the U.S. The latest price dynamic is part of an overall sideways chop that's been persisting since mid June. Read more

XE Market Analysis: Europe - Jul 27, 2018

By: XE Market Analysis

The Dollar has been trading with a firming bias as markets anticipate a strong advance U.S. GDP report for Q2, which will be released later today (and which President Trump and members of his administration have been flagging), though trading ranges have remained narrow thus far today. Read more

XE Market Analysis: Asia - Jul 26, 2018

By: XE Market Analysis

The Dollar index rebounded from 94.21 lows to top at 94.72 in N.Y. trade on Tuesday. The index was supported by a weaker Euro, which came following ECB Draghi's relatively dovish press conference. EUR-USD slipped to 1.1650 from opening highs of 1.1730. Read more

XE Market Analysis: Sterling Slides as a Strong US Dollar and Mounting Brexit Concerns Put on Pressure

By: xemarketanalysis

OVERVIEW ECB reaffirmed their stimulus program will end this year. Sterling struggles to gain ground with ongoing uncertainty over Brexit. Stronger US Dollar as data points to solid growth in business activity. HIGHLIGHT While off 10-month lows against the US Dollar, the Pound struggled to make headway amid Brexit concerns. Read more

XE Market Analysis: North America - Jul 26, 2018

By: XE Market Analysis

EUR-USD has tipped moderately lower, back to the 1.1710 area after capping out at a four-day high of 1.1743 earlier in Asia, which marginally extended the gain seen after the unexpectedly cordial meeting between President Trump and the EU's Juncker (with the former agreeing to hold off on car tariffs, at least for now, and to return to negotiating table). Read more

XE Market Analysis: Europe - Jul 26, 2018

By: XE Market Analysis

The Yen has been trading firmer while the Dollar has been steady against most currencies. EUR-USD edged out a fresh four-day high of 1.1743 earlier in Asia, marginally extending the gain seen after the unexpectedly cordial meeting between President Trump and the EU's Junker. Read more

XE Market Analysis: Asia - Jul 25, 2018

By: XE Market Analysis

The Dollar index posted moderate gains to 94.64 through the morning session, though headed toward one-week lows at 94.30 into the close. Softer new home sales had little impact on the FX market, though a solid 5-year Treasury auction weighed on the dollar in afternoon dealings. Read more

XE Market Analysis: North America - Jul 25, 2018

By: XE Market Analysis

The Dollar has traded mixed so far today. EUR-USD tracked moderately higher, recovering above 1.1700 but remaining shy of yesterday's peak at 1.1716. A better than forecast German Ifo survey aided the Euro higher, along with an attempt by Italy's President to calm concerns about the more strident Eurosceptic voices in the populist government. Read more

XE Market Analysis: Europe - Jul 25, 2018

By: XE Market Analysis

The Aussie Dollar took a dip on Australian CPI data, which came in at 0.4% q/q in Q2. below the median forecast for 0.5%. AUD-USD fell nearly 0.5% in making an intraday low of 0.7392. Elsewhere, the Dollar majors have shown little net change. Commitment in markets has been limited, with strong corporate earnings and China's course for fiscal stimulus offset by concerns about long-term trade protectionism. Read more

XE Market Analysis: Asia - Jul 24, 2018

By: XE Market Analysis

The Dollar index faded through the morning session in N.Y. on Tuesday, bottoming at 94.40 before rallying to 94.68 highs. Incoming data had little impact, with the Markit manufacturing PMI edging slightly higher, and the Richmond Fed index printing better than expected levels. Read more

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