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XM

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XM (XM.COM) offers forex, stock indices, oil trading, gold trading and CFDs on MT4. Trade with a licensed forex broker.
US Dollar
The dollar fell across the board and gold rallied as risk aversion in the markets increased demand for safe haven assets after news that the US House of Representatives failed to pass legislation that would reform the American healthcare system. Repealing and replacing Obamacare was one of Trump’s major election...
Japanese Yen
The dollar was slightly higher in Friday’s Asian session, halting a nine-day slide against the yen, as US Treasury yields rose. Markets received some clarity on the US House of Representatives vote on the new healthcare bill that would repeal and replace Obamacare. The vote that was due on Thursday...
US Dollar Japanese Yen
The risk aversion in markets dissipated today and demand for safe havens eased. This helped the dollar made some recovery against the yen, while gold paused its six-day rally. The dollar moved off four-month lows hit against the yen yesterday at 110.72 on investor concerns over US President Trump’s ability...
Donald Trump
Risk aversion in the markets led to safe haven demand, helping the yen strengthen and the dollar index fall below 100. Sterling was one of the best performing major currencies after UK inflation rose to the highest in over three years. The dollar fell to its lowest level since November...
France
The dollar remained soft in Asian trading today as it came under pressure from falling US Treasury yields following not-so-hawkish speeches by Fed officials on Monday. Chicago Fed President Charles Evans diminished hopes for a faster pace of rate hikes after he reiterated the Fed’s message from last week’s FOMC...
Japanese Yen
There was a quiet start to the week as closed markets in Japan led to lackluster trading during the Asian session. With not a lot on the economic calendar, investors digested news from the Group of 20 meeting that took place over the weekend, while currencies consolidated moves from...
European Central Bank
The euro was one of the top performing major currencies in the Asian session today after being lifted by comments from a European Central Bank official who hinted at a rate increase. The US dollar remained weak in the wake of the FOMC and is on track to end...
Europe
The US dollar remained weak against its major counterparts during the Asian session after making big losses on Wednesday despite the Federal Reserve delivering a rate hike. Following a two-day meeting, the Fed announced an increase in its benchmark interest rates by 25 basis points to a range of 0.75%...
US Dollar
The US dollar traded in a narrow rage against the yen as investors await the outcome of the Federal Reserve’s two-day policy meeting later today. It is widely expected that the FOMC will announce a rate hike. The euro tumbled against the pound as markets look to the Dutch...
British Pound
Currency markets were in a wait-and-see mode during the Asian session as investors were cautious ahead of central bank meetings this week (which include the Federal Reserve, the Bank of Japan and the Bank of England) and the Dutch elections on Wednesday. These risk events prevailed over strong Chinese...
Gold
The dollar remains relatively strong, posting gains against most major counterparts with the exception of the euro which was helped in the aftermath of yesterday’s ECB meeting and subsequent press conference by its President, Mario Draghi. As a result of dollar strength, gold was pushed below $1200 an ounce. The...
US Dollar
The dollar continued rising after yesterday’s strong ADP National Employment Report, which showed robust growth in private-sector payrolls. A rate hike during next week’s FOMC meeting is now considered near-certain as the odds of one materializing now exceed 90% based on CME Group’s 30-Day Fed Fund futures prices. It...
US Dollar Japanese Yen
The yen was one of the better performing major currencies today due to a bit of risk aversion in the markets. The US dollar edged slightly lower as investors took on a more cautious stance ahead of Friday’s nonfarm payrolls data. Meanwhile, geopolitical tensions due to North Korean missile...
Australian Dollar
It was a relatively quiet Asian session with most currencies trading in a range as investors were cautious ahead of upcoming risk events such as this week’s US jobs report and the March 14-15 Federal Reserve policy meeting, while political uncertainties in Europe also led to a lackluster session. The...
Japanese Yen
Risk aversion due to geopolitical concerns weighed on markets during Monday’s Asian session. The yen was stronger as investors moved into safe havens following news of a North Korean missile launch. The dollar slipped against the yen in Asian session trading to reach a low of 113.65, moving further off...
Japanese Yen
The dollar faded its recent strength that was driven by increasing confidence that the Federal Reserve will raise rates this month. The yen strengthened after four days of losses, following data that showed a moderate rise in Japanese inflation. Japan’s core CPI number rose 0.1% year-on-year in January and was the first...
US Dollar Japanese Yen
Dollar strength dominated the markets as a more hawkish tone from the Fed raised the probability of a rate hike this month. FOMC member Lael Brainard, who is usually dovish, gave a hawkish speech yesterday and hinted at an early rate increase. Brainard’s bullish comments follow those of other Fed...
Federal Reserve FOMC Stocks
The main focus of the markets was US President Donald Trump’s testimony in front of Congress. Trump’s speech was optimistic about the US economy and markets welcomed his pro-growth agenda. But nothing new was said and there was a lack of clarification on infrastructure spending, tax and regulatory relief,...
Donald Trump
The dollar index opened in Asia marginally higher than yesterday’s close after hawkish comments from FOMC member Rob Kaplan helped underpin the greenback. Speaking at an event in Oregon yesterday, Kaplan reiterated his view that a rate hike should come sooner rather than later. This helped the dollar / yen move...
Great British Pound
Sterling was the worst performing major currency in the Asian session today on reports of a possible Scottish independence vote. The dollar lacked momentum ahead of a raft of US economic data and speeches by President Donald Trump and Federal Reserve Chair Janet Yellen this week. The pound dipped as...
Gold
Gold consolidated gains at a 3-month high as the US dollar was on track to end the week with losses. The greenback touched a 2-week low against the yen on Thursday after being weighed by disappointing US jobless claims data and US Treasury Secretary Steven Mnuchin’s remarks. The number of...
France
The US dollar fell sharply after the release of the FOMC minutes late on Wednesday. Despite saying that a rate hike would be appropriate ‘fairly soon’, the minutes of the January 31- February 1 Fed policy meeting did not pinpoint a March hike. Since the markets did not view the...
Japanese Yen
The dollar was weaker against the yen as markets await the FOMC minutes due later in the day for clues about the Fed’s views on interest rates. The euro remained under pressure by European political concerns. The yen was supported by comments from Bank of Japan Governor Haruhiko Kuroda who...
US Dollar Japanese Yen

Dollar strength weighs on yen

The US dollar strengthened during the Asian session on Tuesday, helped by higher US Treasury yields. The yen weakened despite upbeat manufacturing PMI data out of Japan today. The aussie slid against the greenback to move off an early session high of 0.7690. The Reserve Bank of Australia published minutes...
US Dollar Japanese Yen
Trading was subdued in a quiet Asian session. The US dollar index was little changed but the US currency was slightly firmer, after a mixed performance last week. Disappointing trade data out of Japan weighed on the yen. Japan’s trade deficit was wider-than-expected in January. The 1.09 trillion-yen deficit was...
US Dollar Japanese Yen
The US dollar continued its corrective move against the yen in Asia today. After hitting a more-than two-week high above 114-yen this week, following hawkish comments from Fed Chair Janet Yellen and upbeat US inflation and retail sales data, the greenback failed to maintain the rally. The dollar index, which...
Australia
The US dollar lost some strength against the yen today after making some strong gains on the back of hawkish comments from Fed Chair Janet Yellen on Tuesday and Wednesday. The main focus in the Asian session was the aussie, which saw some volatility after Australian jobs data. The aussie...
US Dollar
Today was a busy day in terms of economic data with major releases from the US and UK grabbing investors’ attention for the most part. On top of that, Federal Reserve chair, Janet Yellen, continued with her second day of testifying before US Congress as scheduled. The annual US headline...
FOMC - Janet Yellen
The US dollar was weak across the board in today’s Asian session in reaction to headline news that US national security adviser Michael Flynn resigned after allegations of having inappropriate links with Russian officials before President Trump took office. Flynn is accused of illegally discussing US sanctions with the Russian...
Japanese Yen
The yen weakened immediately after the release of Japan’s fourth quarter GDP report which showed growth of 0.2 per cent quarter-on-quarter, missing estimates of 0.3 per cent growth.  The data suggested the Bank of Japan will likely leave its monetary policy unchanged for a longer period of time. The...

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