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XE Market Analysis: North America - Aug 23, 2018

By: XE Market Analysis

The Dollar lifted during the Asian session before settling to a consolidation following the open of European markets. The USD index (DXY) is showing a 0.2% gain heading into the New York interbank open, at 95.35, earlier posting a two-day high at 95.48, remaining well below the 14-month high seen last week at 96.98. Read more

XE Market Analysis: Europe - Aug 23, 2018

By: XE Market Analysis

The Dollar has lifted after five straight down sessions. The USD index (DXY) is showing a 0.3% gain heading into the London interbank open, at 95.41, rising above yesterday's high but remaining well below the 14-month high seen last week at 96.98. EUR-USD has concurrently sank to a two-day low of 1.1542, putting in some distance from yesterday's two-week peak at 1.1623 (which almost exactly markets the present situation of the 50-day moving average). Read more

XE Market Analysis: Asia - Aug 22, 2018

By: XE Market Analysis

The dollar fell in tandem with yields after the FOMC minutes, with trade and tariffs being mentioned as points of uncertainty going forward. The DXY fell to 94.96 from over 95.10 after the minutes. The Fed revealed concern over how more tariffs would impact consumer spending, saying prolonged trade disputes could impact business sentiment and hiring. Read more

XE Market Analysis: North America - Aug 22, 2018

By: XE Market Analysis

The Dollar has been trading mixed, edging out a fresh low against a generally firmer Euro while gaining on the Pound and Australian Dollar, among other currencies, and settling at near net unchanged levels in the case against the Yen. EUR-USD carved out a fresh two-week low at 1.1602, which surpassed yesterday's peak by 1 pip, according to our data. Read more

XE Market Analysis: Europe - Aug 22, 2018

By: XE Market Analysis

The Dollar has managed to find a footing during the Asian session after posting fresh lows against most currencies during the New York PM session yesterday following news that two former associates of President Trump had been convicted of various crimes, including fraud (with Trump's ex-long serving personal lawyer, Michael Cohen, directly implicating Trump in campaign finance violations). Read more

XE Market Analysis: White House Complains about The Fed, Tariffs are the Genie in the Bottle

By: xemarketanalysis

OVERVIEW Dollar Index inches lower for the fifth consecutive session. USD/CAD eyes 1.30 psychological level. Commodities are hot; Gold nears $1,200 and WTI up 2.3%. HIGHLIGHT Things seem to be falling apart for the South African Rand recently. Read more

XE Market Analysis: White House Complains about The Fed, Tariffs are the Genie in the Bottle

By: xemarketanalysis

dOVERVIEW Dollar Index inches lower for the fifth consecutive session. USD/CAD eyes 1.30 psychological level. Commodities are hot; Gold nears $1,200 and WTI up 2.3%. HIGHLIGHT Things seem to be falling apart for the South African Rand recently. Read more

XE Market Analysis: North America - Aug 21, 2018

By: XE Market Analysis

The Dollar remained under broad pressure as markets continued to digest President Trump's latest verbal intervention on U.S. monetary policy, yesterday expressing that he was "not thrilled" with Fed rate hikes while calling on the central bank to do more to boost growth. Read more

XE Market Analysis: Europe - Aug 21, 2018

By: XE Market Analysis

The Dollar has come under broad pressure at the inspiration of President Trump saying that he was "not thrilled" with the Fed for raising interest rates and that the Fed should do more to boost the economy. Whether Trump is serious or not -- whether he understands the fiat currency system and the necessity to raise interest rates to prevent the deleterious economic impact of inflation running out of control -- or whether he is merely signalling to his political base (the swamp-free businessman fixing the economy) are moot points, as the remarks have been taken as a Dollar selling cue by markets. Read more

XE Market Analysis: Asia - Aug 20, 2018

By: XE Market Analysis

The Dollar index came under modest pressure in N.Y. on Monday, touching 95.94 lows, and down from 96.40 into the open. There was no data to move the market, leaving trading conditions on the quiet side. Treasury yields and the dollar hit session lows after a Bloomberg report said Trump complained about Powell not being an easy-money Fed chair. Read more

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