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XE Market Analysis: Asia - Jul 18, 2019

By: XE Market Analysis

The Dollar attempted to rally in N.Y. on Thursday following in-line jobless claims, and a stronger than expected Philly Fed index, though later faded as Wall Street sold off and Treasury yields pulled back from highs. The DXY opened at 97.16 lows, rallied to 97.25 highs, before fading to 97.13. Read more

Currency Market Analysis: Sterling Rises Following Barnier Comments and Better Than Expected Retail Sales

By: xemarketanalysis

OVERVIEW Better-than-expected retail numbers in the UK are giving sterling much-needed support EU Chief Negotiator Michel Barnier signalled a willingness to discuss terms on the Irish backstop Stock markets, the price of gold, and crude oil prices are mostly down in today's trading HIGHLIGHT We have seen the pound strengthen this morning following comments from the EU’s Chief Negotiator Michel Barnier stating that they are ready to work on alternative arrangements for the Irish Border. Read more

XE Market Analysis: North America - Jul 18, 2019

By: XE Market Analysis

The Dollar rebounded after printing fresh lows against the Euro, Yen and a number of other currencies in early European trading. This saw EUR-USD correct to around 1.1210 from the two-day high seen earlier at 1.1243. A rekindling in expectations for the Fed to entertain an outsized 50 bp rate hike at the upcoming FOMC meeting, sparked by a WSJ report suggesting that trade negotiations between the U.S. Read more

XE Market Analysis: Europe - Jul 18, 2019

By: XE Market Analysis

The Dollar has traded softer amid a reappraisal for the chances of the Fed entertaining an outsized 50 bp rate hike at the upcoming FOMC meeting, which has been concomitant with a WSJ report suggesting that trade negotiations between the U.S. and China are at a "standstill." This was followed by fresh evidence of the impact that trade tensions have been having, with Japanese trade data revealing a worse-than-expected 6.7% y/y contraction in exports, which have shrank for seven straight months now. Read more

XE Market Analysis: Asia - Jul 17, 2019

By: XE Market Analysis

The Dollar turned modestly lower through the N.Y. morning session, pulling back from one-week highs seen on Tuesday. The DXY bottomed at 97.17, after opening at session highs of 97.37. Softer U.S. housing starts data weighed some on the Greenback, as did a pullback in Treasury yields. Read more

XE Market Analysis: North America - Jul 17, 2019

By: XE Market Analysis

EUR-USD edged out a fresh eight-day low at 1.1199 in early London trading before settling back in the lower 1.1200s, with an upward revision in Eurozone June HICP data giving the euro some buoyancy. The low had been the product of dollar, which was given a boost yesterday following above-forecast industrial production and retail sales data out of the U.S. Read more

XE Market Analysis: Europe - Jul 17, 2019

By: XE Market Analysis

The Dollar has settled to a consolidation at modestly lower levels after rallying yesterday. The narrow trade-weighted USD index (DXY) has steadied around 97.35, down from the one-week high seen yesterday at 97.55, though remaining higher by a net 0.6% on the week so far. Read more

XE Market Analysis: Asia - Jul 16, 2019

By: XE Market Analysis

Better than expected U.S. retail sales helped Dollar sentiment in N.Y. on Tuesday, with the DXY printing one-week highs of 97.36. Better earnings from the likes of Goldman Sachs, JP Morgan, and Wells Fargo did little to lift Wall Street, as major indices remained on either side of flat for much of the session. Read more

XE Market Analysis: North America - Jul 16, 2019

By: XE Market Analysis

The Dollar has remained buoyant, posting fresh highs versus the Euro, Sterling and some other currencies. This comes amid some position readjusting with markets bracing for an incoming tide of Q2 corporate earnings results and a hefty slate of U.S. data releases this week, which will collectively paint an updated picture of the impact that trade protectionism has been having. Read more

XE Market Analysis: Europe - Jul 16, 2019

By: XE Market Analysis

The main Dollar pairings have been trading in narrow ranges, of less than 15 pips for the most part, and less than 25 pips in the case of USD-JPY. AUD-USD drifted modestly lower following the release of the RBA minutes from the early July policy meeting, which affirmed the Board's dovish bias. Read more

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