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XE Market Analysis: Europe - Jun 15, 2018

By: XE Market Analysis

The dollar has traded broadly firmer so far today, with the ECB's dovish-tilting guidance yesterday coupled with the BoJ lowering its prognosis on the inflation outlook (following a widely-anticipated decision to leave monetary policy unchanged) serving to emphasize the Fed's relatively hawkish stance. Read more

XE Market Analysis: Asia - Jun 14, 2018

By: XE Market Analysis

The DXY shot up to a near three-week high of 94.77 from 93.21 lows after the ECB announcement, which while naming an end-date for QE, said rates would not be raised until at least the summer of 2019. This saw EUR-USD drop better than 200 points to 1.1591. Read more

XE Market Analysis: Euro Slides as ECB Signals Rates on Hold ‘til After Summer 2019

By: xemarketanalysis

OVERVIEW Euro falls over 1% on ECB interest rate guidance. US Dollar rallies after Fed signals extra hike and strong retail sales. GB Pound firms after retail sales jump again. Canadian Dollar weakens on trade concerns. China holds fire on rates, posts worryingly weak activity growth. HIGHLIGHT The Euro has slid over one percentage point versus the US Dollar after the ECB announced that it will end its bond purchases at the end of the year, but that it intends to keep rates on hold until at least the summer next year. Read more

So Much for Symmetry

By: New_Deal_democrat

Well, after all that talk about how the Fed had taken to heart that 2% inflation was a target and not a ceiling, and that there were symmetric risks on either side, now we know the truth: when it comes to actions, 2% core inflation is a ceiling. A few years ago, when core inflation was running at the 1.6%-1.7% range, and there was briefly even overall DEflation, did the Fed panic and return to quantitative easing? Nope. Read more

XE Market Analysis: North America - Jun 14, 2018

By: XE Market Analysis

The dollar has traded mostly lower, more than correcting gains seen in the wake of the Fed's rate hike and hawkish-tilting guidance yesterday. EUR-USD logged a high of 1.1827 after extending a recovery from yesterday's 1.1725 low that was seen in the immediate wake of the Fed's announcement. Read more

XE Market Analysis: Europe - Jun 14, 2018

By: XE Market Analysis

The dollar has more than given back gains seen in the immediate wake of the Fed's rate hike and hawkish-tilting guidance. EUR-USD recouped back above 1.1800 after dipping to a 1.1725 low, post Fed. The euro has been trading generally firmer over the last day, gaining against the pound, Swiss franc, among other currencies, with market narratives focusing on the successful Italian auction of 30-year bonds yesterday, with the appetite for the long-dated debt seen as a good litmus test of investor sentiment on the new Italian government. Read more

XE Market Analysis: Asia - Jun 13, 2018

By: XE Market Analysis

The DXY topped at seven session highs of 94.01 after the Fed raised interest rates, as-expected. The index had bottomed at 93.55 after the London close. The dollar rallied following the FOMC, taking EUR-USD to lows of 1.1725, from near 1.1790, and USD-JPY to 110.80 from near 110.40. Read more

XE Market Analysis: North America - Jun 13, 2018

By: XE Market Analysis

The dollar has been trading mixed so far today as markets anticipate the Fed policy announcement. The euro has posted moderate across-the-board gains, with EUR-USD vaulting back above 1.1760, over 30 pips up on the intraday low, and EUR-JPY pushing back above 130.00, EUR-GBP above 0.8810 and EUR-CHF above 1.1615. Read more

XE Market Analysis: Europe - Jun 13, 2018

By: XE Market Analysis

Most currencies have been directionally dormant so far today, though USD-JPY managed to claw out a fresh three-week high at 110.68. Yen crosses also remained underpinned, though most, such as EUR-JPY and AUD-JPY, for instance, remained below recent highs. Read more

XE Market Analysis: Asia - Jun 12, 2018

By: XE Market Analysis

Markets were relatively quiet in the aftermath of the Trump/Kim summit, and ahead of Wednesday's likely Fed rate hike. The FX market saw the dollar perk up after the London close, taking the DXY to 93.85 highs from lows of 93.49. EUR-USD slipped to 1.1737 from 1.1801 highs, while USD-JPY topped at 110.44, up from 110.16. Read more

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