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XE Market Analysis: The Currency Market is Heading into a Significant Week

By: xemarketanalysis

OVERVIEW The Greenback is trading flat ahead of FOMC and employment data The British Pound waits on a signal from the Bank of England and tedious Brexit negotiations Read more

XE Market Analysis: North America - Apr 29, 2019

By: XE Market Analysis

The Dollar has traded softer so far today, though magnitude of movement has been limited. The Yen also weakened against most currencies, with USD-JPY holding steady in the mid-to-upper 111.0s. Volumes have been thin in the absence of Tokyos, which will remain closed for the remainder of the week for Japan's Golden Week holidays. Read more

XE Market Analysis: Europe - Apr 29, 2019

By: XE Market Analysis

The Dollar bloc currencies have posted gains in the wake of the strong 3.2% y/y U.S. Q1 GDP figure on Friday, which was added to today by a rise in March Chinese industrial profits after a four consecutive months of contraction. S&P 500 and NASDAQ hit fresh record highs on Wall Street on Friday, and while stock markets in Asia continued to sputter somewhat, the MSCI Asia-Pacific (ex-Japan) index was showing a gain of 0.4% heading into the opening of European bourses, rebounding from the biggest weekly decline in over a month last week. Read more

XE Market Analysis: Asia - Apr 26, 2019

By: XE Market Analysis

The Dollar rallied momentarily following the stronger U.S. Q1 GDP report, though quickly turned lower, as the sharp gains were largely to do with inventory and trade figures, which bumped up growth, likely to be reversed in Q2. In addition, the price index fell sharply, weighing on Treasury yields, and the Greenback. Read more

XE Market Analysis: US Dollar Fuelled by Better-than-Expected Q1 GDP

By: xemarketanalysis

OVERVIEW Q1 GDP increased by 3.2% according to advanced estimates EUR/USD consolidating near recent lows waiting for Spanish elections Read more

XE Market Analysis: North America - Apr 26, 2019

By: XE Market Analysis

The Dollar has mostly consolidated recent gains in narrow ranges as markets anticipate U.S. GDP data later. The Australian dollar, which has underperformed the other main currencies this week, staged a partial recoupment of ground lost this week, with AUD-USD and AUD-JPY leading the way with gains of 0.3-.4%. Read more

XE Market Analysis: Europe - Apr 26, 2019

By: XE Market Analysis

The Dollar majors have been plying narrow ranges so far today, with both the Dollar and Yen consolidating of their respective gains seen against most other currencies this week. The U.S. currency has been buoyed by relatively good data, including yesterday's much stronger than expected 2.7% rise in durable orders data, and with markets expecting a solid advance Q1 GDP reading later today out of the U.S., which is set to show developed-world beating growth. Read more

XE Market Analysis: Asia - Apr 25, 2019

By: XE Market Analysis

The Dollar retreated from near two-year highs in N.Y. on Thursday, getting a nudge to highs early following a stronger U.S. durable orders report. Gains were short lived however, as the market apparently decided to use the fresh high as a reason to book profits. Read more

XE Market Analysis: G10 Currencies Racing to the Bottom Against Strong US Dollar

By: xemarketanalysis

OVERVIEW The Dollar Index is trading at its highest level since April of 2017 EUR/USD slides lower on soft data and growing economic uncertainty Read more

XE Market Analysis: G10 Currencies Racing to the Bottom against Strong US Dollar

By: xemarketanalysis

OVERVIEW The Dollar Index is trading at its highest level since April of 2017 EUR/USD slides lower on soft data and growing economic uncertainty Read more

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