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XE Market Analysis: Asia - Sep 20, 2018

By: XE Market Analysis

The Dollar index fell to better than two-month lows in early N.Y. trade on Thursday, before managing a modest recovery through the morning session. Generally good U.S. data, including jobless claims, existing home sales, and leading indicators provided some support to the Greenback. Read more

XE Market Analysis: North America - Sep 20, 2018

By: XE Market Analysis

The Dollar continued to trade softer against most currencies. EUR-USD lifted back above 1.1700 in the latest phase of the now week-long oscillation of this level, though the pair has so far remained below the three-week peak that was logged on Tuesday at 1.1724. Read more

XE Market Analysis: Europe - Sep 20, 2018

By: XE Market Analysis

Narrow ranges have been prevailing in forex markets for the most part. EUR-USD has been nestled in the upper 1.1600s, near the 1.1700 level, a level that the pair has been oscillating around for nearly a week now. Cable has consolidated around the 1.3150 after coming off from yesterday's two-month high at 1.3215 on news that the UK prime minister will reject a new EU proposal on the Irish border issue. Read more

XE Market Analysis: Asia - Sep 19, 2018

By: XE Market Analysis

The Dollar index firmed early in the session, topping at 94.71 before falling back to 94.44 lows. Better housing starts data provided some support, though USD buyers ended up booking profits at mid-morning. EUR-USD bottomed at 1.1650, then rallied to 1.1692 highs. Read more

XE Market Analysis: Aussies Gain as Tension Eases Between US and China

By: xemarketanalysis

OVERVIEW UK PM reportedly rejects an EU Irish border deal Oil closing in on 2-month highs HIGHLIGHT The U.S. dollar lost ground on competing currencies on Wednesday. Investors were distracted from the Greenback by even more Brexit-inspired tension surrounding the British Pound. Read more

XE Market Analysis: North America - Sep 19, 2018

By: XE Market Analysis

The Dollar traded mostly softer, as did the Yen, against most other currencies amid a backdrop of buoyant global equity markets, although European stock markets showed signs of fatigue following a bullish session in Asia. The USD index (DXY) was showing a 0.2% loss as of the early PM session in Europe. Read more

XE Market Analysis: Europe - Sep 19, 2018

By: XE Market Analysis

The Dollar has continued to trade with a softening bias, aside from the case of USD-JPY, which posted a two-month high at 112.43 amid a backdrop of rallying stock markets in Asia. Sentiment has been buoyed by pledges of pro-investment and pro-growth measures by China, North Korea's Kim vow to work on the "complete denuclearization" of the Korean Peninsula, and with Trump declaring that the U.S. Read more

XE Market Analysis: US Adds More Tariffs to Its Juggling Act

By: xemarketanalysis

OVERVIEW The USTR adds a 10% levy on $200 billion worth of Chinese goods. No breakthrough yet on NAFTA though officials will get back to the table again on Wednesday. Read more

XE Market Analysis: Europe - Sep 18, 2018

By: XE Market Analysis

Both the Dollar and Yen are coming under pressure as European interbank markets enter the fray, in a kind of "sell the fact" manner following the announcement by Trump that the U.S. will implement tariffs on a further $200 bln of Chinese imports. The decision was pretty much fully expected, having been flagged last Friday by sources cited by the Washington Post and Bloomberg, while the stepped approach (10% tariff rate to be implemented on Monday before rising to 25% on January 1), perhaps designed to minimise the impact on U.S. Read more

XE Market Analysis: Trade wars rumble on

By: xemarketanalysis

OVERVIEW The US Dollar is weaker relative to competing currencies as a new round of trade tariffs is set to be announced in Washington Sterling is stronger on hopes of an Irish Border solution The Loonie is showing strength on higher oil prices and the weaker US Dollar HIGHLIGHT The trade war between the world's two largest economies - China and the USA - continued to gather momentum today, Speculation arose that Washington was lining up a new round of tariffs to impose on Chinese imports into the US. Read more

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