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XE Market Analysis: North America - Feb 12, 2016

By: XE Market Analysis

The yen's seeming one-way ascent has come to a pause, partly amid the perceived threat of BoJ intervention and partly as risk-off positioning unwound some today. Brent crude rallied over 4% and more than recouped yesterday's declines, while European equities managed a rebound. Read more

XE Market Analysis: Europe - Feb 12, 2016

By: XE Market Analysis

Currencies have consolidated today within respective ranges seen on Thursday. Japanese markets returned from yesterday's holiday and stocks duly plummeted, leaving the Nikkei 225 down to the tune of 4.8% at the close, a 16-month low in what is now one of the worse weekly performances on record, in reaction to the mega appreciation of the yen, which is amid its biggest rally since 2008. Read more

XE Market Analysis: Asia - Feb 11, 2016

By: XE Market Analysis

The dollar remained under some pressure in N.Y. trade on Thursday, as risk-off conditions prevailed, and yields remained under pressure. Yellen's testimony to the Senate Banking Committee didn't drop any bombs, but the mere mention of NIRP from the Fed, as unlikely as that may be, appeared to have weighed on the greenback. Read more

XE Market Analysis: North America - Feb 11, 2016

By: XE Market Analysis

Risk-off coursed through global markets, propelling the yen upward and the commodity currencies downward. This put the dollar on a mixed footing. EUR-USD rose to a new four-month high of 1.1354 even as GBP-USD declined. The SEK came under singular pressure after the Riksbank slashed its repo rate to -0.5% from -0.35%. Read more

XE Market Analysis: Europe - Feb 11, 2016

By: XE Market Analysis

The yen continued to rise in a risk-off environment. Fed Chair Yellen equivocated during her testimony yesterday, neither confirming nor denying a March rate hike is on the offing, while oil prices tipped southward and reopening, post-Lunar New Year Hong Kong stock markets tumbled sharply as investors there caught up with the week's dismal global growth vibes. Read more

XE Market Analysis: Asia - Feb 10, 2016

By: XE Market Analysis

The FX market spent most of the session listening to Fed chair Yellen in N.Y. on Wednesday, who didn't offer up any market shocks to speak of. EUR-USD reversed Tuesday's course through the morning session, unwinding pre-Yellen positioning, while USD-JPY broke through sell stops, on its way to new trend lows of 113.76. Read more

Watch out for trend changes!

By: New_Deal_democrat

Throughout last year, five data series set the tone, moving pretty much in lockstep: 1. Oil prices went down (adjusted for seasonality) 2. Other industrial commodities went down 3. The trade weighted US dollar rose 2. The Chinese stock market went down 3. Read more

XE Market Analysis: North America - Feb 10, 2016

By: XE Market Analysis

The dollar is mixed amid relatively steady markets into Fed Yellen's testimony, lower against sterling but firmer against the euro and near net unchanged versus the yen, as of the early European PM session. Stocks in Europe mustered up a rebound despite fresh decline in Asian stock markets, where Australia's ASX index today joined Japan's Nikkei in entering official bear market territory by exceeding declines of more than 20% from the cycle peak. Read more

XE Market Analysis: Europe - Feb 10, 2016

By: XE Market Analysis

Currencies have been relatively stable, despite fresh decline in Asian stock markets, where Australia's ASX index today joined Japan's Nikkei in entering official bear market territory by exceeding declines of more than 20% from the cycle peak. Oil prices have managed a 2%-plus rebound, recouping some of yesterday's hefty losses, though there is little to suggest any change in underlying bearish fundamentals. Read more

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