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XE Market Analysis: Europe - Oct 29, 2018

By: XE Market Analysis

Narrow ranges have prevailed so far today in forex markets. EUR-USD has nudged above 1.1400, but the range has been less than 20 pips. USD-JPY has posted a narrow range so far, marked by 111.77 and 112.04, holding comfortably within the range seen on Friday. Read more

XE Market Analysis: Asia - Oct 26, 2018

By: XE Market Analysis

The Dollar index fell from trend highs of 96.86 to 96.31 before finding its footing in N.Y. trade on Friday. A stronger than expected Q3 U.S. GDP print gave no help to the Greenback, as risk-off conditions prevailed following earnings misses from Amazon and Google, which saw Wall Street tank. Read more

XE Market Analysis: G-10 Currencies Fading Away as US GDP Gallops Faster

By: xemarketanalysis

OVERVIEW The USD touched a two-month high vis-à-vis its significant peers as American GDP beat estimates Commodity-currencies slid into negative territory amid trade tensions and falling oil prices NYMEX WTI Crude rolled lower, down 1.2% to $66.70 a barrel. HIGHLIGHT The DXY index, which tracks the performance of the Greenback relative to other major currencies, is sitting at a two-month low. Read more

XE Market Analysis: North America - Oct 26, 2018

By: XE Market Analysis

The Yen strengthen on a safe-haven bid amid a backdrop of coursing risk aversion, while the Dollar also traded firmer against most currencies outside the case against the Japanese currency. USD-JPY fell to an 11-day low at 111.86, while AUD-JPY dove over 1% into two-year territory and EUR-JPY printed two-month lows. Read more

XE Market Analysis: Europe - Oct 26, 2018

By: XE Market Analysis

The Yen has traded with a firming bias while the Australian Dollar and other Dollar bloc currencies have underperformed amid fresh risk aversion in global markets. USD-JPY has drifted to the lower 112.0s, approaching the 11-day low seen on Wednesday at 111.82, while EUR-JPY ebbed to a two-month low and AUD-JPY to a fresh six-week low, reflecting renewed safe haven demand for the Japanese currency as stock markets in Asia, and U.S. Read more

XE Market Analysis: Asia - Oct 25, 2018

By: XE Market Analysis

The Dollar index peaked at 96.71, its highest since August 16 in N.Y. on Thursday. Incoming data had little impact, though risk-taking levels improved, allowing Wall Street to rally, which largely helped the Greenback. EUR-USD fell on a dovish leaning Draghi, leaving the pairing at 1.1359 lows. Read more

XE Market Analysis: Brexit Fears Sink Sterling, US Dollar Rises

By: xemarketanalysis

OVERVIEW Sterling sinks on renewed fears of no-deal Brexit following warnings from Europe's Central Bank president European and Asian stock markets struggle to recover, Wall Street follows suit Bank of Canada delivers expected interest rate hike HIGHLIGHT Though UK Prime Minister Theresa May was able to gather support from Britain's parliament in today's session, European Central Bank President Mario Draghi doused enthusiasm in the Pound by saying the longer Brexit talks drag on, the higher the possibility of Britain will have to deal with the grim realities of a no-deal Brexit when March 2019 draws to a close. Read more

XE Market Analysis: North America - Oct 25, 2018

By: XE Market Analysis

The Dollar has traded on a soft tack, while the Yen, after gaining during the Asian session, corrected against most currencies as European stock markets and U.S. equity index futures found some bargain-hunting demand after the rout. EUR-USD has settled to a narrow orbit of the 1.1400 level, with the pair consolidating after printing a two-month low yesterday at 1.1378. Read more

XE Market Analysis: Europe - Oct 25, 2018

By: XE Market Analysis

The Dollar has traded softer and the Yen has outperformed on a safe haven bid amid a backdrop of hefty global stock market losses. The USD index (DXY), which has rallied quite strongly over the last week and a half, is presently showing a decline of 0.2%., at 96.24, extending the correction from yesterday's two-month high at 96.53. Read more

XE Market Analysis: Asia - Oct 24, 2018

By: XE Market Analysis

The Dollar index rallied to two-month highs of 96.53 in N.Y. on Wednesday, as safe-haven buying again stepped in as a result of another Wall Street sell-off. Flash U.S. PMIs were stronger, though were offset some by weak new home sales figures. EUR-USD bottomed at 1.1380, while USD-JPY was range bound in the lower 112's. Read more

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