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

AD

XE Market Analysis: Asia - May 05, 2016

By: XE Market Analysis

A relatively quiet day in FX Land on Thursday, as the market prepped for Friday's April U.S. employment report. The dollar was mostly higher, likely as last-minute short covering set in, though ranges were fairly narrow overall. Yields drifted lower, while Wall Street started strong before squandering gains in afternoon trade. Read more

XE Market Analysis: North America - May 05, 2016

By: XE Market Analysis

The dollar traded firmer against its G3 peers, and other currencies, including sterling and the Canadian dollar, although the latter found a footing amid a 2.5%-plus rally in oil prices on news of major wildfires in Canada, which threaten to disrupt crude output. Read more

XE Market Analysis: Europe - May 05, 2016

By: XE Market Analysis

The G3 currencies consolidated and the Aussie rallied following a batch of forecast-beating data out of Australia. USD-JPY oscillated around 107.00 in subdued trading Asia with Tokyo markets still closed (reopening tomorrow). Yesterday's rebound peak at 107.45 has been left unchallenged, and a period of consolidation seems likely. Read more

XE Market Analysis: Asia - May 04, 2016

By: XE Market Analysis

Aside from the softer ADP jobs report, which missed the mark, incoming U.S. data was upbeat on Wednesday, as services ISM and factory orders improved, the trade deficit narrowed, productivity was less-weak than forecasts, and unit labor costs rose. The dollar reacted negatively to the employment data, though recovered on the back of subsequent releases. Read more

XE Market Analysis: North America - May 04, 2016

By: XE Market Analysis

The dollar extended the rebound gains that took root yesterday. EUR-USD looks set to break a run of seven higher highs, and has already traded below the previous day's low for the first time in 12 days, making a low so far of 1.1470, down from yesterday's nine-month peak at 1.1616. Read more

XE Market Analysis: Europe - May 04, 2016

By: XE Market Analysis

The dollar rebound, yen correction has persisted today after taking root yesterday. EUR-USD now looks set to break a run of seven higher highs, and has already traded below the previous day's low for the first time in 12 days, making a low so far of 1.1483, down from yesterday's nine-month peak at 1.1616. Read more

XE Market Analysis: Asia - May 03, 2016

By: XE Market Analysis

The dollar broke its losing streak in N.Y. trade on Tuesday, rallying broadly in the face of risk-off conditions. The USD index fell to levels last seen in January 2015 in overnight trade, basing at 91.92, before rallying 1% in N.Y. dealings, an perhaps putting an end to its string of six consecutive daily lower lows. Read more

XE Market Analysis: North America - May 03, 2016

By: XE Market Analysis

EUR-USD settled in the upper-1.15s after logging a nine-month peak at 1.1616. Good selling interest was reported above the figure. The shared currency has, overall, been underpinned by yesterday's upward revision in final Eurozone April manufacturing PMI and last week's solid +0.6% q/q Q1 Eurozone growth data. Read more

XE Market Analysis: Europe - May 03, 2016

By: XE Market Analysis

The dollar has weakened for a seven straight day against the euro, with EUR-USD logging a nine-month peak of 1.1560. The euro has also edged out fresh highs against sterling and the Swiss franc, underpinned by yesterday's upward revision in final Eurozone April manufacturing PMI and last week's solid +0.6% q/q Q1 Eurozone growth data. Read more

Pages

Paste link in email or IM