Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News

AD

XE Market Analysis: Europe - Apr 26, 2017

By: XE Market Analysis

EUR-JPY continued as the dominant mover in forex markets today. Expectations for U.S. tax cuts and the perceived passing of political existential risk in the Eurozone have continued to feed a global stock market rally, a backdrop which is keeping the yen under pressure. Read more

XE Market Analysis: Asia - Apr 25, 2017

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Tuesday, leaving EUR-USD at four-plus month highs of 1.0949, and USD-JPY at two-plus week highs of 111.10. USD-CAD surged to 14-month top of 1.3626, while cable gravitated to 1.2845 highs. The euro was supported by the French election result, and reports the ECB may shift its policy stance at mid-year. Read more

XE Market Analysis: Markets Less Worried about Le Pen Risk

By: xemarketanalysis

OVERVIEW Markets remain positive following yesterday's impressive gains as investors turn their attention to Trump's tax plans. UK government borrowing came in slightly higher than forecast for March. US Commerce Secretary Willbur Ross announced import duties on Canadian softwood lumber. Expectations of UK consumer inflation over the coming year remained steady at 2.5% in April. HIGHLIGHT The cost of protecting against swings in the Euro versus the US Dollar was almost halved following Sunday's first round outcome of France’s presidential election. Read more

XE Market Analysis: North America - Apr 25, 2017

By: XE Market Analysis

The euro remained buoyant, led by EUR-JPY gains, as markets continued to discount that France will end up with a pro-EU president at the runoff elections on May 7. EUR-USD lifted above 1.0890, drawing back yesterday's post-French election high at 1.0906. Read more

XE Market Analysis: Europe - Apr 25, 2017

By: XE Market Analysis

The euro and other currencies settled today after the euro rally of yesterday. USD-JPY and EUR-JPY remained below the highs clocked in the initial minutes of trade yesterday. USD-JPY lifted from the mid 109s and established a narrow range in the lower 110s, holding below the two-week high of yesterday at 110.63 but well up on Friday's pre-French election closing level at 109.05. Read more

XE Market Analysis: Asia - Apr 24, 2017

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Monday, posting gains versus the euro, pound and CAD, while losing ground to the yen, despite the risk-on backdrop. EUR-USD topped at 1.0873 in morning dealings, before putting in a floor at 1.0835. USD-JPY meanwhile, held the 110 handle through most of the session, before dipping to 109.70 lows into the close. Read more

XE Market Analysis: Euro Hits a 2017 High

By: xemarketanalysis

OVERVIEW Equity markets are significantly higher and France's cost of borrowing has fallen sharply after the first round of France's presidential election turned out to be in line with opinion polls. The German central bank is expecting growth to have accelerated in the first quarter as strong industrial orders, increased private consumption, and a rebound in exports all supported growth. The German IFO business climate index rose to 112.9 for April, the highest level since July 2011. Canadian wholesale trade dipped just 0.2% in February, beating expectations for a 1% decline after surging 3% in January. The Confederation of British Industry reported that factories saw their strongest export orders in 6 years in early 2017 that was helped by the Sterling's fall. HIGHLIGHT The first round of the French elections saw the centrist Emmanuel Macron, and the far-right’s Marine Le Pen, go through in first and second place respectively. Read more

XE Market Analysis: North America - Apr 24, 2017

By: XE Market Analysis

The euro surged on news that pro-EU Macron won the biggest slice of the vote in the French presidential election on Sunday, and is now favourite to beat Le Pen by a wide margin in the runoff election on May 7. Although off the highs, EUR-USD was still showing a 1.2% gain on the day heading into the New York open, and EUR-JPY a 2.2% advance. Read more

XE Market Analysis: Europe - Apr 24, 2017

By: XE Market Analysis

The euro has surged on news that pro-EU Macron won the biggest slice of the vote in the French presidential election on Sunday, and is now favourite to beat Le Pen by a wide margin in the second-round runoff election on May 7. Although of the highs, EUR-USD is still showing a 1.2% gain on the day and EUR-JPY a 2.4% advance. Read more

Pages

Paste link in email or IM