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XE Market Analysis: Is "No Brexit" Still an Option?

By: xemarketanalysis

OVERVIEW The pound is stronger on 'soft or no Brexit' The Aussie Dollar is weaker on 'risk off' sentiment Turkish Lira dips after Trump comments HIGHLIGHT The pound is stronger today and continues to trade around a 7-week high against the US Dollar. Read more

XE Market Analysis: North America - Jan 14, 2019

By: XE Market Analysis

A risk-off theme underpinned the Yen while weighing on the Dollar bloc currencies. AUD-JPY, NZD-JPY and CAD-JPY are all showing gains of over 0.5%. This came with Asian stock markets and oil and other resource commodity prices tumbling after China trade data showed imports down 7.6% y/y in December while exports contracted 4.4% y/y. Read more

XE Market Analysis: Europe - Jan 14, 2019

By: XE Market Analysis

A risk-off theme underpinned the Yen while weighing on the Dollar bloc currencies. AUD-JPY, NZD-JPY and CAD-JPY are all showing gains of over 0.5%. This came with Asian stock markets and oil and other resource commodity prices tumbling after China trade data showed imports down 7.6% y/y in December while exports contracted 4.4% y/y. Read more

XE Market Analysis: Asia - Jan 11, 2019

By: XE Market Analysis

The dollar rallied broadly in N.Y. on Friday, despite the benign CPI print. This saw EUR-USD fall to intra day lows of 1.1458 from 1.1535 early, and USD-JPY to 108.60 from 108.15. Talk of Turkish troop movement near the Syria border has been making the rounds, which could have prompted some safe-haven flow into the USD. Read more

XE Market Analysis: Investors Growing Impatient with US Government Shutdown

By: xemarketanalysis

OVERVIEW The Dollar Index remains in negative territory for the fourth consecutive week, amidst dovish Fed and continuing government shutdown. Gold is up $2.15 as investors seek safe haven assets ahead of significant events risks with the Brexit vote due next week. HIGHLIGHT The GBP/USD pair has been trading in a consolidation mode after last week’s flash crash. Read more

XE Market Analysis: North America - Jan 11, 2019

By: XE Market Analysis

The Dollar has been trading on a softer footing. EUR-USD has settled back 1.1500 after Fed's Clarida said that the central bank can afford to be patient, further affirming the shift-to-neutral change at the U.S. central bank, though the pair has remained below yesterday's three-month peak at 1.1570. Read more

XE Market Analysis: Europe - Jan 11, 2019

By: XE Market Analysis

The Dollar has retained a softer performance versus most currencies, particularly the Dollar bloc units, which are being floated by a backdrop of rising global equity markets. AUD-USD printed a one-month peak at 0.7220, and NZD-USD a three-week high at 0.6831. Read more

XE Market Analysis: Asia - Jan 10, 2019

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Thursday, though the dollar overall managed modest gains. A slightly lower than expected jobless claims outcome had little impact. Later, the dollar perked up a bit on Powell's Q&A, with EUR-USD touching session lows of 1.1485, and USD-JPY picking up to 108.45. Read more

XE Market Analysis: Brexit Back in the Headlines as Labour Party May Demand Election

By: xemarketanalysis

OVERVIEW Labour party states it will demand an election if PM May's vote fails on Brexit separation logistics The US Dollar partially rebounds from lows as it pares some bearish bets Canadian Dollar strength fades as optimism over a trade deal subsides HIGHLIGHT The Sterling to Euro rate lurks around the 1.1100 level and touched a week's low of 1.1032 in early trading today. Read more

XE Market Analysis: North America - Jan 10, 2019

By: XE Market Analysis

The Dollar has traded mostly softer following yesterday's volley of dovish Fed speakers which, along with the FOMC minutes from the December FOMC meeting, affirmed that the "Powell Put" is resonating with others on the team. EUR-USD punched out a three-month high at 1.1570 ahead of the London interbank open, since correcting back under 1.1550. Read more

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