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XE Market Analysis: Asia - Nov 16, 2018

By: XE Market Analysis

The dollar moved lower early in the N.Y. session on Friday, after the Fed's Clarida said the Fed is close to its neutral range now, and that he sees some evidence of global economic slowing. A slightly softer U.S. industrial production outcome weighed on the greenback as well. Read more

Xe Market Analysis: The British Pound Savours the Calm Before More Storms

By: xemarketanalysis

OVERVIEW The US Dollar Index hovers near a six-day low, down 0.45% against the majors British Pound is on a rebound ahead of more political chaos on the horizon. NYMEX WTI Crude gains $1.30 as OPEC looks to cut supply. HIGHLIGHT Uncertainty surrounding the future relationship with the EU and some political chicanery sent the British Pound into a tailspin this week. Read more

XE Market Analysis: North America - Nov 16, 2018

By: XE Market Analysis

The Dollar has traded mixed today, losing ground to a firmer Yen, Sterling and Australian Dollar, while gaining verses the Euro, which came under broader pressure. EUR-USD drifted nearly 50 pips lower to an intraday low of 1.1321 after earlier printing a one-week high at 1.1368. Read more

XE Market Analysis: Europe - Nov 16, 2018

By: XE Market Analysis

The Dollar has traded broadly softer while the Yen has been an outperformer as U.S. equity futures tipped lower after positive Wall Street session yesterday, and amid a flagging sentiment across Asian bourses, even though Chinese markets managed gains. Read more

XE Market Analysis: Asia - Nov 15, 2018

By: XE Market Analysis

Aside from a few modest gyrations, the Dollar was relatively steady in N.Y. trade on Thursday. Incoming U.S. data was supportive overall, though Brexit concerns largely saw traders sit on their hands through the day. EUR-USD moved from 1.1289 lows to 1.1340 highs, while USD-JPY bottomed at 113.10 as Wall Street fell, only to bounce back over 113.50 as stocks recovered. Read more

XE Market Analysis: Sterling tumbles as Brexit cabinet approval is “not enough”

By: xemarketanalysis

OVERVIEW The Pound fell by up to 2% against a basket of currencies Three UK Cabinet Ministers resign on the back of Brexit text being published The Canadian Dollar steadies as oil prices stay firm HIGHLIGHT The Pound has slumped by on average around 2% against a basket of currencies after a number of the UK Cabinet members resigned over the approval of the Draft Brexit deal put forward by UK PM Theresa May. Read more

XE Market Analysis: North America - Nov 15, 2018

By: XE Market Analysis

The Dollar lifted out of lows while the Pound dove sharply as support for UK Prime Minister's Brexit plan collapsed in dramatic fashion, with her Brexit secretary Dominic Raab and two of his cabinet colleagues quitting in protest about the compromises. Read more

XE Market Analysis: Europe - Nov 15, 2018

By: XE Market Analysis

The Dollar has traded broadly softer, extending a them that has evolved over the last couple of days. Sterling has settled at moderately higher levels after rallying during the New York PM session on news that the UK government's Cabinet approved the Brexit plan, though the odds for the plan passing in parliament look to be limited, with Eurosceptic members in both Conservative and Labour parties, along Northern Ireland's DUP and a good chunk of Europhile members of parliament, set to vote against the "worst of both worlds" plan. Read more

XE Market Analysis: Asia - Nov 14, 2018

By: XE Market Analysis

The Dollar rallied slightly following the in-line U.S. CPI data, though later pulled back, resulting in the DXY falling from highs of 97.25 to lows of 96.86. The Greenback again turned higher after the London close. EUR-USD bottomed at 1.1276, while USD-JPY stayed down as Wall Street was crushed again, bottoming at 113.60 from 114.00 highs. Read more

Xe Market Analysis: PM May Presents Brexit Deal in Parliament, Brits Hold their Breath

By: xemarketanalysis

OVERVIEW PM May shared the terms of the Brexit deal with her cabinet. She said the agreement protects jobs, border control, laws, and money. USD holds losses against peer currencies as consumer prices grew in line with October forecasts. The economic slowdowns in Japan, China, and Germany are stoking fears of the same happening in the US. Read more

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