Day: April 13, 2018

April 13
2018

Citibank, JPMorgan, Wells Fargo Start Earnings Season with a Beat

Talking Points: The US 1Q earnings season starts off strong, as US equities look to close out the week positive Despite better-than-forecasted numbers, the bank stocks have since seen their shares drop Bank earnings season continues next week with Bank of America and Charles Schwab on Monday Learn the number one mistake traders make when […]

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April 13
2018

US-EU Trade Tensions Unlikely to Ease Amid Growing Trade Surplus

Euro News and Talking Points – EUR/USD and DAX see muted reaction despite growing Eurozone trade surplus – US-EU trade tensions unlikely to ease given rising trade surplus against the US A muted reaction seen in EURUSD and the DAX after the Eurozone’s trade surplus for February grew to €18.9bln from €16.1bln a year earlier. […]

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April 13
2018

US AM Digest: GBPUSD Eyes Post-Brexit High

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US equities set to close the week on a high as bank earning get off to a stronger start. This morning JP Morgan, Wells Fargo and Citi all posted better than expected results, adding to the […]

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April 13
2018

Trade Woes Catches Up With Consumers As Sentiment Sours

Talking Points: – The preliminary figure of U. of Michigan Sentiment survey in April was 97.8, erasing two-month of gains in the index – Inflation expectations were revised up by 0.4% – Consumers’ shift expectations and now anticipate growth to slow with higher interest rates – US Dollar Index sees little benefit from consumer surveys […]

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April 13
2018

EUR/USD Declines Despite Positive Trade Balance Data, Later Rallies Briefly

The EUR/USD currency pair today dropped significantly despite the release of positive Eurozone trade balance data in the early European session. The currency pair reversed its decline after the release of US consumer sentiment data in the early American session, but could not rally back to its session high. The EUR/USD currency pair traded in a tight range between a high of 1.2346 and a low of 1.2306 for most of today’s session. The currency pair’s initial […]

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April 13
2018

New Zealand Manufacturing PMI Slips, NZ Dollar Pays Little Attention

New Zealand manufacturing PMI fell last month, as was shown by the report released by Business NZ today, though that had limited impact on the performance of the New Zealand dollar. The currency rallied intraday but has retreated by now. The BusinessNZ Performance of Manufacturing Index fell from 53.3 in February to 52.2 in March. It was the second consecutive decline in 2018. The report was not entirely negative, though, as BusinessNZ’s executive director […]

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April 13
2018

Australian Dollar Gains as China’s Imports from USA Increase

The Australian dollar rallied today after the release of China’s trade data. The currency gained even as the nation’s central bank signaled that it is not going to raise interest rates in the near future. China’s trade balance showed a deficit of $4.98 billion in March, which was a total surprise to economists who were counting on a $27.1 billion surplus. The interesting part of the report was that, despite all the trade war rhetoric, […]

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April 13
2018

Asia AM Digest: Markets Await US Syria Action, AUD Could Reverse

To get the Asia AM Digest every day, SIGN UP HERE After a rather rough few days, the US Dollar outperformed on Thursday rising by the most since a week ago. Not only was its appreciation accompanied with rising local bond yields, but also it gained with stocks throughout the day. This was in-part thanks […]

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April 13
2018

Singapore Dollar Could Still Fall Despite Relatively Hawkish MAS

Talking Points: Singapore Dollar appreciates after relatively hawkish MAS policy announcement The MAS expects upward pressure on prices, though trade disputes remain a risk USD/SGD is attempting to push above a falling resistance line from October 2017 Find out what the #1 mistake that traders make is and how you can fix it! The Singapore […]

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April 13
2018

Australian Dollar Rides Out Broadly Stronger China Trade Data

Talking Points: Chinese trade data came in broadly stronger However market reaction was muted The trade spat with Washington may have rendered these numbers too historic to be of interest Find out what the #1 mistake that traders make is and how you can fix it! The Australian Dollar showed little reaction to a broadly […]

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