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XE Market Analysis: Asia - Jan 22, 2019

By: XE Market Analysis

The dollar rallied early in the N.Y. session on Tuesday, though was batted down following weak U.S. housing data, and a sharp Wall Street sell off. Global growth concerns drove equities following softer China GDP and an IMF growth downgrade. EUR-USD bottomed at 1.1336 early on, before peaking at 1.1374. Read more

XE Market Analysis: Commodity Currencies See Red as Global Sentiment Turns Negative.

By: xemarketanalysis

OVERVIEW The US Dollar Index keeps apparent calm despite the prolonged government shutdown The IMF downgrades its forecast for global economic growth, fuelling risk-off trades and equity markets selloffs NYMEX WTI Crude is under pressure, sinking down around 2.7%, and fails to move above a five-week high HIGHLIGHT The Canadian dollar tumbled to a two-week low as a combination of low oil prices, disappointing economic data and the fear of a global slowdown weighs on investors' enthusiasm for the CAD. Read more

XE Market Analysis: North America - Jan 22, 2019

By: XE Market Analysis

A generally firmer Dollar and Yen, and a souring in risk appetite, will greet U.S. market participants as they return to their desks from their long weekend. USD-JPY edged out a three-day low of 109.32, driven by Yen outperformance as forex markets week looking for safe havens. Read more

XE Market Analysis: Europe - Jan 22, 2019

By: XE Market Analysis

The Dollar and Yen have traded firmer against most other currencies, with the Japanese unit itself outperforming overall, which has pressed USD-JPY to a two-day low of 109.38. Forex markets are in a safe-haven mode, with Asia stock markets down and S&P 500 futures racking up a 0.8% loss in overnight trading, pointing to a hefty opening loss on Wall Street later. Read more

XE Market Analysis: Currency Markets Trade Cautiously Amidst Political Gridlock

By: xemarketanalysis

OVERVIEW The US dollar index, DXY, is flat around 95.32, against other major currencies. Chinese macro data shows its economy is stalling, while their GDP is growing aa round a 6.4% rate. NYMEX WTI Crude made gains of 0.17% to $53.90, a nine-week high. HIGHLIGHT The Euro has moved into a consolidation zone against the greenback, trading around the mid-point of 1.13. Read more

XE Market Analysis: North America - Jan 21, 2019

By: XE Market Analysis

There hasn't been a strong theme in forex markets so far today. Sterling paring losses seen during the early part of the London session, while EUR-USD settled in the upper 1.1300s, above Friday's 17-day low at 1.1353, and near the 1.1400 level, which roughly marks the midway point of a broadly sideways range that's been unfolding for three months now. Read more

XE Market Analysis: Europe - Jan 21, 2019

By: XE Market Analysis

The Dollar majors have been trading with little directional bias so far today. EUR-USD has settled in the upper 1.1300s, up from Friday's 17-day low at 1.1353, and near the 1.1400 level, which roughly marks the midway point of a broadly sideways range that's been unfolding for three months now. Read more

XE Market Analysis: Asia - Jan 18, 2019

By: XE Market Analysis

The Dollar rallied through the morning session in N.Y. on Friday, taking the DXY to two-week highs of 96.39. Gains came following news that China may ramp up purchases of U.S. goods over the next 6-years, with the goal of eliminating the current trade imbalance. Read more

XE Market Analysis: The Greenback is in a Buoyant Mood Ahead of Chinese Data Release

By: xemarketanalysis

OVERVIEW The Dollar Index is up 0.15%, looking towards a higher weekly close. Risk-on sentiment returned and gold is trading 0.7% lower. World equity markets are in green. NYMEX WTI Crude marches higher 0.75% to trade near $52.50 a barrel. HIGHLIGHT The Canadian loonie is trading in a consolidation zone over the five sessions after appreciating nearly 3.5% since the beginning of the month. Read more

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