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about 6 years ago

XE Market Analysis: North America - Jul 31, 2013

By: XE Market Analysis

The was movement today in Europe despite the looming slew of risk events this week. The JPY logged fresh highs against the USD and EUR, the AUD logged a fresh trend low near 0.9000 before finding a toe-hold, the market continued to drive GBP lower as it discounts an adoption of forward guidance at the BoE this week, and EUR-USD saw a 60-pip whip-saw amid speculation that Obama's plan to lower taxes for America corporations might take the form of the former U.S. Read more

about 6 years ago

XE Market Analysis: Europe - Jul 31, 2013

By: XE Market Analysis

The ranges of the main currencies were narrow in pre-European Asian trade today. Markets were essentially on hold until the U.S. Fed's statement later on Wednesday, which is likely to confirm that QE is drawing to a conclusion while emphasizing that the exit will be managed according to how the economic recovery evolves. Read more

about 6 years ago

XE Market Analysis: Asia - Jul 30, 2013

By: XE Market Analysis

The dollar was generally firmer in N.Y. trade on Tuesday, though activity was again on the low side into Wednesday's U.S. GDP and ADP jobs data, and of course the FOMC announcement. EUR-USD traded down to 1.3235 lows after taking out option barriers at 1.3300, while USD-JPY reclaimed the 98.00 handle. Read more

about 6 years ago

XE Market Analysis: North America - Jul 30, 2013

By: XE Market Analysis

The USD corrected some of the gains it saw yesterday against the main European currencies, while the AUD was the underperformer today as it extended to fresh trend lows today. The JPY was near net unchanged after first weakening during Tokyo trade and then recovering during the European morning session. Read more

about 6 years ago

XE Market Analysis: Europe - Jul 30, 2013

By: XE Market Analysis

The USD held firm in Asia, following the tone established yesterday during the European and North American sessions as the market adjusted in the face of important upcoming risk events, which include policy meetings of the Fed, ECB and BoE, and the U.S. Read more

about 6 years ago

XE Market Analysis: Asia - Jul 29, 2013

By: XE Market Analysis

FX trade was very lethargic in N.Y. on Monday, with major dollar pairings mired inside very narrow ranges. Focus has shifted to risk events later this week, which include the FOMC, ECB, and BoE meetings, along with the key July U.S. employment report on Friday. Read more

about 6 years ago

XE Market Analysis: North America - Jul 29, 2013

By: XE Market Analysis

USD-JPY sank to a fresh one-month low after a risk-off seen in Asia, which supported the yen, while the high-beta Australian currency weakened. The MSCI Asia equity index posted over a 1.6% loss following weak data and corporate earnings leads, though European stocks managed to gain, aided by strong Italian business confidence, which following last week's strong Eurozone PMI data. Read more

about 6 years ago

XE Market Analysis: Asia - Jul 26, 2013

By: XE Market Analysis

The dollar stayed under pressure in N.Y. dealings on Friday, as the market unwound risk into the weekend. EUR-USD traded near 1.3300, though solid offers at the figure contained the upside. USD-JPY moved briefly under 98.00, as USD-CHF moved under 0.9300. Read more

about 6 years ago

XE Market Analysis: North America - Jul 26, 2013

By: XE Market Analysis

The dollar traded on the heavy side throughout the European morning. It faded lower on Thursday and got added traction into the N.Y. close amid the latest piece from WSJ's Hilsenrath. He suggested that the Fed will continue with the current rate of bond buying and could refresh its forward guidance policy message next week. Read more

about 6 years ago

XE Market Analysis: Europe - Jul 26, 2013

By: XE Market Analysis

The dollar remained heavy in Asia following Thursday's losses. In N.Y. the dollar faded on weaker than expected data. However, stocks still closed at firmer levels, though this did not carry into Asian markets, which struggled. The Nikkei fell sharply as USD-JPY broke 99.00. Read more

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