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XE Market Analysis: Major FX Remains Calm for Now

By: xemarketanalysis

OVERVIEW UK GDP growth in the fourth quarter rose at a faster pace than originally reported, rising 0.7%, the fastest pace in a year. Germany's IFO survey showed business morale improved unexpectedly in February, with the index rising to 111.0. Read more

XE Market Analysis: North America - Feb 22, 2017

By: XE Market Analysis

EUR-JPY and GBP-JPY are the biggest movers on the day so far, both about a 0.8% decline on the day, as of the early European PM session. Frexit concerns are driving the move, with currency markets and the Franco-German yield spread bearing the brunt as equity markets remain pretty bid despite the potential existential threat to the euro and the mess this could make of UK's Brexit process. Read more

XE Market Analysis: Europe - Feb 22, 2017

By: XE Market Analysis

The dollar has been trading so far today, advancing against the euro into the London open while showing a more net indifferent profile versus other currencies. The euro has come under fresh pressure. EUR-USD has breached last Wednesday's low at 1.0521 and logged a six-week low at 1.0519. Read more

XE Market Analysis: Asia - Feb 21, 2017

By: XE Market Analysis

The dollar traded inside a narrow trading range in N.Y. on Tuesday, and was mixed overall, making modest gains against the euro and CAD, while losing ground to the yen and pound. EUR-USD bottomed at 1.0525, weighed down by French polling indicating LePen continuing to gain altitude. Read more

XE Market Analysis: Dollar Rises on Rate Hike Talk

By: xemarketanalysis

OVERVIEW U.S. stock markets set fresh record highs at the open, with oil prices also higher. Eurozone flash estimate PMIs showed growth unexpectedly in the services and manufacturing sectors, accelerated to a near six-year high last month, and job creation reached its fastest in almost a decade. UK public sector borrowing figures for last month showed chancellor Philip Hammond is on track to meet his budget deficit target after the biggest surplus on record. The minutes from the RBA's last meeting continued to suggest that interest rates will be kept on hold as economic growth is expected to pick up. HIGHLIGHT The Dollar is higher across the board this morning as the focus turns back towards the prospect of a rate hike at the Fed’s meeting next month. Read more

XE Market Analysis: North America - Feb 21, 2017

By: XE Market Analysis

The dollar has remained buoyant, underpinned by expectations for further Fed tightening, while the euro has fared poorly amid rising Frexit anxieties, which poses a much bigger threat than Brexit ever did. The greenback was showing a 0.6% gain versus the euro heading into the New York interbank open, and a 0.5% rise versus the yen. Read more

XE Market Analysis: Europe - Feb 21, 2017

By: XE Market Analysis

The dollar is showing moderate gains ahead of the London interbank open, up by 0.3% versus the euro, 0.4% against the yen and by an average 0.3% versus the Canadian, Australian and New Zealand dollars. In the mix is the pound, which has managed to hold its own versus the dollar, while both the dollar and pound and showing modest losses against most emerging market currencies today. Read more

XE Market Analysis: British Pound Outperforms in Quiet Markets

By: xemarketanalysis

OVERVIEW Markets are quiet with the U.S. closed for President's Day. Japanese exports rose just 1.3% in January due to a decline in shipments to the U.S. ECB board member Sabine Lautenschlaeger said they need to wait to see if inflation stabilizes. HIGHLIGHT The British Pound is higher by 0.5% versus the US Dollar today recovering from a drop below 1.24 on Friday following poor retail sales data. Read more

XE Market Analysis: North America - Feb 20, 2017

By: XE Market Analysis

The main movers in a subdued European AM session were the yen, which retreated as stock markets in Asia and Europe rebounded from recent weakness, and the pound, which bounced back some of the ground lost during last week's underperformance. GBP-JPY was consequently showing a 0.8% gain, as of the early European PM. Read more

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