Day: April 9, 2018

April 9
2018

USD Pushing Higher as Non-Farm Payrolls Looms Large

US Dollar (DXY) News and Talking Points – NFPs expected at +185k after last month’s blockbuster +313k. – US President Trump threatens China with USD100 billion of fresh tariffs. The new DailyFX Q2 Trading Forecasts are now available to help guide traders and investors alike. US Dollar Ignores New Tariff Fears, All Eyes on NFPs […]

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April 9
2018

US NFPs Cool in March at +103K vs +185K Exp; USD/CAD Plummets 0.5%

Talking Points: – US Nonfarm Payrolls rose by +103K in March, a huge miss compared to the +185K projection; the previous figure was revised higher to +326K from +313K. – The US unemployment rate remained unchanged at 4.1%, markets expected a decline of 0.1%. – US hourly earnings were in line with expectations at +2.7% […]

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April 9
2018

US AM Digest: NFP report misses expectations, while the US ups the trade war ante

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here NFP Report: The headline figure heavily missed expectations at 103k vs. Exp. 185k, however, this had been met with upward revisions to 326k from prior 313k. As has usually been the case, much of the focus […]

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April 9
2018

Renowned Investor George Soros Prepares to Enter A Less Volatile Cryptocurrency Market

Talking Points: Soros Fund Management has received internal approval and will begin trading the digital coins Plagued with extreme volatility in the past, the recent reduction in volatility is pulling in a new set of traders Cryptocurrencies like Bitcoin have lost nearly 70% of their value since the start of 2018 and continue to decline […]

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April 9
2018

Asia AM Digest: Will Tokyo Open Echo Friday Fall on Tariff Fears?

To get the Asia AM Digest every day, SIGN UP HERE Another day of an overall decline in sentiment thanks to increased trade war fears took its toll on the markets on Friday. The anti-risk Japanese Yen appreciated and the higher-yielding Australian and New Zealand Dollars depreciated. It began early in the day when US […]

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April 9
2018

Japanese Yen Shrugs at BoP Misses, Focus Squarely On Trade Spat

Talking Points: Japan’s current account balance missed forecasts for February The trade component did too However, Yen markets refused to be overly concerned Is there a secret ingredient? Find out in the DailyFX deep, deep dive into The Traits of Successful Traders The Japanese Yen market was squarely focused elsewhere Monday and barely registered expectation […]

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April 9
2018

Asian Stocks Gain, US Dollar Steadies, Trade Headlines Still Drive

Talking Points: Asian stocks rose in unison Monday Investors clearly managed to put trade worries to one side, albeit perhaps not permanently The US Dollar got some respite too, despite Friday’s labour-data weakness Find out what the #1 mistake that traders make is and how you can fix it! Asian stocks managed to shrug off […]

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April 9
2018

USDJPY Holds Its Ground as US, China Trade Spat Dominates Markets

USDJPY talking points: – The trade battle between the US and China continues to dominate global markets. – However, there’s been no sign of panic in the markets and therefore no strong demand for haven assets like the Japanese Yen and gold. Check out the IG Client Sentiment data to help you trade profitably. And […]

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April 9
2018

Bitcoin (BTC) Price Nears Bear Trend Breakout

Bitcoin News and Talking Points – Bitcoin back above $7,000 on a lack of any negative news flow. – A break and close above the December down channel may support the coin in the short-term. IG Client Sentiment show that 72.2% of traders are net-long of Bitcoin and recent changes in client holdings have given […]

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April 9
2018

Euro Remains Heavy as Leading Indicators and German Data Point Towards Soft Growth Prospects

Euro News and Talking points Eurozone Sentix indicates investors fear the economy is indeed cooling off German trade surplus falls short of expectations after largest drop in exports since August 2015 Euro is little changed after the mix while the German DAX has held up a bullish gap to start the week The new DailyFX […]

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