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XE Market Analysis: Asia - Mar 22, 2019

By: XE Market Analysis

The Dollar index largely maintained altitude through the N.Y. session, after spiking higher in Europe following weak EU PMIs, and negative Bund yields, which weighed heavily on EUR-USD. The DXY peaked at six-session highs of 96.81, before meandering between 96.54 and 96.78 through the N.Y. Read more

XE Market Analysis: The US Dollar Shrugs off a Dovish Fed

By: xemarketanalysis

OVERVIEW The Dollar Index touches a seven-day high after the Eurozone stumbles on poor PMIs The stalling economy sent the euro in negative territory, down 0.6% against the USD NYMEX WTI steadies after catching new 2019 high near $60.40. HIGHLIGHT The euro is under heavy selling pressure this morning after PMI data revealed that economic growth is stalling. Read more

XE Market Analysis: North America - Mar 22, 2019

By: XE Market Analysis

The Dollar traded mixed, gaining sharply agains the Euro following underwhelming PMI data out of the Eurozone, while concurrently losing ground to the Pound, which traded firmer after the EU granted a delay in Brexit. The U.S. currency, meanwhile, also posted gains against the Dollar bloc currencies, which have come under pressure concomitantly with flagging global stock markets and commodity prices, while at the same time losing ground to the Yen, which picked up a degree of safe haven demand. Read more

XE Market Analysis: Europe - Mar 22, 2019

By: XE Market Analysis

The Pound has traded firmer in the wake of the EU granting an extension in the Brexit process. A two-week delay has been stimulated for UK Prime Minister May to get her deal through Parliament or come up with another plan. If the PM's deal is passed, then the UK would have until to May 22 to get the necessary withdrawal legislation done before exiting the EU. Read more

XE Market Analysis: Asia - Mar 21, 2019

By: XE Market Analysis

The Dollar shrugged off Wednesday's dovish FOMC result in N.Y. on Thursday, as the DXY rallied to pre-Fed levels though the session. The resiliency of the dollar was impressive given the FOMC, though this could be a case of the USD being the cleanest dirty shirt in the hamper. Read more

XE Market Analysis: The US Dollar Rebounds While the Pound Continues to Search for a New Bottom

By: xemarketanalysis

OVERVIEW The Dollar Index made a comeback after the greenback crashed to multi-week lows against the G-10 currencies GBP/USD is down by 0.5% after Bank of England votes to keep its rate unchanged Read more

XE Market Analysis: North America - Mar 21, 2019

By: XE Market Analysis

The Dollar managed to recoup some of the losses seen after the Fed reaffirmed its dovish turn yesterday. EUR-USD has corrected back under 1.1400, putting in some distance from yesterday's post-Fed six-week high at 1.1448. With the Eurozone economy losing momentum amid acute Brexit uncertainty, and with the 10-year Bund yield declining by over 4 bp during the AM session in Europe today, EUR-USD never looked to be much of bullish trend following opportunity. Read more

XE Market Analysis: Europe - Mar 21, 2019

By: XE Market Analysis

The Dollar has tumbled after the Fed signalled there would be no further rate hikes this year and that it would halt the steady decline of its balance sheet in September. This drove U.S. yields lower, with the 10-year T-note retreating to levels below 2.53%, levels not seen since January 2018. Read more

XE Market Analysis: Asia - Mar 20, 2019

By: XE Market Analysis

The dollar fell following the FOMC announcement, where rates were left unchanged as expected. The dot-plot signaled no further rate increases this year, and one 25 basis point rise in 2020. The Fed revised 2019 inflation lower, and said it will end its balance sheet reduction in October. Read more

XE Market Analysis: Markets on Hold As the US Fed Prepares to Update the Dot Plot

By: xemarketanalysis

OVERVIEW The Dollar Index is trading flat ahead of this afternoon's FOMC announcement GBP/USD returned in negative territory after inflation rose slightly and investors wait to see if EU leaders agree to extend the Brexit calendar NYMEX WTI waits for EIA inventory data to make the next move and is trading at $58.70 a barrel. HIGHLIGHT The Euro is trading near a two-week high against the greenback, fuelled by the better sentiment over the eurozone. Read more

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