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XE Market Analysis: Doves, Bears, and Bulls: The FOMC Keeps the Market Guessing

By: xemarketanalysis

OVERVIEW FOMC executives were divided in this week's meetings as to whether further interest rate cuts this year are justified. They did manage to pass a quarter-point reduction, however. Hong Kong's central bank followed the Fed's lead with a quarter-point interest rate reduction. Japan and Switzerland's central banks are holding their interest rates. Read more

XE Market Analysis: Europe - Sep 19, 2019

By: XE Market Analysis

The Dollar has traded mixed so far today, after rallying in the wake of the Fed's policy announcement. The Fed did the expected and cut the funds rate band by a quarter point to 1.75%, yet the decision came at the expense of a cohesiveness among policymakers, with the vote being 7-3 (the three dissenters is the most since 2016), with the two hawks from July, George and Rosengren, again voted for no change, while the uber-dove Bullard argued for an aggressive half point easing. Read more

XE Market Analysis: Asia - Sep 18, 2019

By: XE Market Analysis

The FX market was quiet ahead of the FOMC announcement in N.Y. on Wednesday, with major pairings stuck inside of narrow trading bands. Incoming U.S. data was light, with housing starts much firmer than expected. There was little market reaction, however. Read more

XE Market Analysis: The Fed Commands the Spotlight, Trump Expects Bigly Rate Cut

By: xemarketanalysis

OVERVIEW The FOMC is expected to introduce an interest rate cut in today's monetary policy decision. PM Johnson insists the UK will leave the EU on October 31st, though equally strong statements from opposition suggest it won't happen without a deal. The Aussie and Kiwi dollars are both sinking slowly HIGHLIGHT The greenback keeps a positive tone, trading broadly higher against its major peers this morning. Read more

XE Market Analysis: Europe - Sep 18, 2019

By: XE Market Analysis

The Dollar majors have been holding narrow ranges so far today, with AUD-USD and NZD-USD relative outliers in showing respective declines of 0.2% and 0.3% heading into the London interbank open. USD-JPY has maintained a narrow range in the lower 108.0s and EUR-USD around the 1.1065-70 mark, consolidating after rebounding yesterday from Monday's bout of dollar-driven losses. Read more

XE Market Analysis: Asia - Sep 17, 2019

By: XE Market Analysis

Overall, the Dollar reversed course lower in N.Y. trade on Tuesday, with the DXY unwinding the gains seen to start the week. The Dollar index pulled back to 98.23, coming from four-session highs of 98.74 seen overnight. Position squaring ahead of Wednesday's FOMC announcement, where a 25 basis point rate hike is widely expected, was the driver of the Greenback's modest move lower. Read more

XE Market Analysis: The Currency Market Steadies After Yesterday's Wild Start

By: xemarketanalysis

OVERVIEW PM Boris Johnson's efforts in Luxembourg to amend the Brexit divorce deal are unsuccessful. UK courts consider whether the prorogation of parliament was legal, or simply an effort by Johnson to eliminate debating Brexit with MPs The Euro is under the influence of a survey which shows a weakening German economy, even as economic sentiment has improved slightly. Read more

XE Market Analysis: The Currency Market Steadies After Yesterday's Wild Start

By: xemarketanalysis

OVERVIEW PM Boris Johnson's efforts in Luxembourg to amend the Brexit divorce deal are unsuccessful. UK courts consider whether the prorogation of parliament was legal, or simply an effort by Johnson to eliminate debating Brexit with MPs The Euro is under the influence of a survey which shows a weakening German economy, even as economic sentiment has improved slightly. Read more

XE Market Analysis: The Currency Market Steadies After Yesterday's Wild Start

By: xemarketanalysis

OVERVIEW PM Boris Johnson's efforts in Luxembourg to amend the Brexit divorce deal are unsuccessful. UK courts consider whether the prorogation of parliament was legal, or simply an effort by Johnson to eliminate debating Brexit with MPs The Euro is under the influence of a survey which shows a weakening German economy, even as economic sentiment has improved slightly. Read more

XE Market Analysis: North America - Sep 17, 2019

By: XE Market Analysis

The Dollar has traded mostly firmer, gaining around 0.5% versus the day's underperformer, the Australian Dollar, and showing modest gains versus the Yen, Canadian Dollar and Sterling, among other currencies, while holding steady versus the Euro. The U.S. Read more

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