EUR/USD rallied today on risk appetite and the outlook for an interest rate increase by the European Central Bank. Traders’ sentiment improved after Chinese President Xi Jinping talked about opening China’s markets to foreign investors. Meanwhile, ECB Governing Council member Ewald Nowotny talked about policy normalization in the near future. While the currency pair is still trading above the opening level as of now, it has backed off from […]
Read moreThe Canadian dollar today rallied against its US counterpart despite the release of weak Canadian building permits data by Statistics Canada driving the USD/CAD currency pair to 6-week lows. The release of positive US Producer Price Index data could not reverse the currency pair’s downtrend due to positive investor sentiment towards the loonie. The USD/CAD currency pair today lost over 75 points to decline from an opening high of 1.2705 […]
Read moreThe IG Client Sentiment Report offers unique insight into how retail traders are positioned in various asset classes including GBP, USD, EUR and why it matters. In this webinar we looked at a variety of calendar points and speeches that should be the main focus of UK traders this week with the UK data slate […]
Read moreReceive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here JPY: The Japanese Yen trading in a somewhat tight 40pip range with USD/JPY remaining magnetized at the 107.00 level. Slight outflows from the traditionally safe-haven Yen amid the modestly improved risk sentiment. This largely stemming from […]
Read moreUSDRUB talking points: – The Russian Ruble fell sharply against the US Dollar after the decision by the US to impose new sanctions. – Moscow stocks dropped too. Check out the IG Client Sentiment data to help you trade profitably. And take a look at our Q2 forecasts for the major currency pairs, gold, oil […]
Read moreTo get the Asia AM Digest every day, SIGN UP HERE The Canadian Dollar was one of the best performing majors on Monday, supported by BOC’s spring business outlook survey which rose to 16 in Q1 from 8 in Q4 2017. According to the Bank of Canada, business sentiment continues to be positive and most […]
Read moreTalking Points: Australian business confidence slipped back in March Firms’ assessment of current conditions did too, albeit from notable highs The Australian Dollar faltered on the news, but soon picked up again What makes some traders stand out from the rest? Check out the DailyFX deep dive into the Traits of Successful Traders. The Australian […]
Read moreTalking Points: Australian Dollar rose, sentiment improved on a speech by China’s President Xi Jinping Mr. Jinping helped to reduce trade war fears as he emphasized on pushing for free trade AUD/USD is trying to push higher, a bullish reversal pattern foreshadows a lasting move Just getting started trading the Australian Dollar? See our beginners’ […]
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