Day: April 18, 2018

April 18
2018

BoC Holds Rates Expressing Trade Uncertainty as a Concern

Talking Points: – The Bank of Canada (BoC) left the overnight lending rate unchanged at 1.25%, as was widely expected – The Central Bank expressed concerns over trade and subdued export growth – See the DailyFX Economic Calendar for upcoming economic data and for a schedule of live coverage see the DailyFX Webinar Calendar. See […]

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April 18
2018

Euro Rallies Higher Against a Weakening US Dollar, Later Declines

The euro today rallied against the US dollar during the European session after the release of the final Eurozone CPI data. The euro was on a downtrend against the greenback during the Asian session following the risk-on sentiment in the global markets, which later resumed in the early American session. The EUR/USD currency pair today rallied by over 50 points from a daily low of 1.2341 to hit a high of 1.2397 in the early American session. The currency pair began […]

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April 18
2018

GBPUSD Drops After Inflation Falls to Lowest Level in a Year

GBP News and Talking Points GBPUSD declines after UK inflation surprises to the downside Bank of England market pricing for a hike next month falls to 65% from 80% See our Q2 GBP forecast to learn what will drive the currency through the quarter. Surprise Fall in Inflation Reduces BoE Rate Hike Expectations UK inflation […]

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April 18
2018

US AM Digest: Oil Surges as Saudi Arabia target $100; GBP Underperforms After Inflation Falls

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here GBP: The Pound is today’s worst performing G10 currency following the release of the today’s UK inflation report whereby inflation fell 0.2ppts to a 1 year low at 2.5%. Consequently, reducing the requirement for the Bank […]

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April 18
2018

British Pound Declines Against US Dollar on Weak UK Inflation Data

The British pound today dropped significantly against the US dollar following the release of disappointing UK Consumer Price Index data in the early European session. The pound’s decline started during yesterday session after the release of weak UK wages report and upbeat US housing report, which made the pound drop from its post-Brexit highs. The GBP/USD currency pair lost over 140 points to drop from a high of 1.4315 to a low […]

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April 18
2018

Australian Dollar Soft After Leading Indicators Decline

The Australian dollar remained rather vulnerable today, falling against its most-traded rivals, though it remained slightly above the opening level versus the soft Japanese yen. The Westpac–Melbourne Institute Leading Index declined 0.22% in March from the previous month after rising 0.43% in February. The report explained the decline by the following reasons: Drivers of the slowdown in the month have been from the domestic components – a slowing labour market; and some weakness […]

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April 18
2018

Yen Falls vs. US Dollar, Reverses Losses vs. Other Rivals

The Japanese yen fell against the US dollar during the current trading session. While the currency had also been down versus other rivals intraday, currently the yen reversed its decline, erasing losses outright against some peers. Looking at today’s economic data, it seemed good for the yen. Japan’s trade balance turned from a deficit of Â¥0.21 trillion in February to a surplus of Â¥0.12 trillion in March. It was somewhat […]

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April 18
2018

Asian Stocks Get Wall St Boost, UK CPI Looms Large For Pound

Talking Points: Asian stock markets rose across the board Tuesday There wasn’t much domestic news but US earnings season kept the party going UK inflation data will grab attention as European trade ramps up Once you know the #1 mistake that traders make, you’ll know exactly how to avoid it. Asian stocks rose Wednesday buoyed […]

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April 18
2018

Bitcoin Chart Analysis: Bulls to Return as Prices Edge Higher

Bitcoin News and Talking Points – Support level sets up token for further gains. – A break and close above $9,400 may encourage more buyers back into the space. IG Client Sentimentshows retail are 71.6% long Bitcoin, but recent positional changes may herald higher prices. Bitcoin (BTC) Likely to Move Higher in The Short-Term After […]

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April 18
2018

Asia AM Digest: CHF Falls, JPY Not So Much. Japan Trade Data Due

To get the Asia AM Digest every day, SIGN UP HERE The anti-risk Swiss Franc was overall the worst performing major on Tuesday as sentiment improved. It fell as the S&P 500 and Nikkei 225 rose during the second half of the day. Meanwhile, the higher-yielding US Dollar outperformed while similar-yielding Australian and New Zealand […]

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