April 19, 2018 – The Plot

April 19
2018

New Zealand Dollar Loses Gains Despite Positive CPI

The New Zealand dollar attempted to rally today, but failed and followed its Australian counterpart in decline. The currency dropped even as the inflation print came out better than expected. The Consumer Price Index rose 0.5% in the March quarter according to the data from Statistics New Zealand. It was a bigger growth than 0.4% predicted by economists and 0.1% registered in the previous three months. Yet some analysts pointed out that […]

April 19
2018

Australian Dollar Soft Following Disappointing Employment Report

The Australian dollar dropped following the release of a disappointing employment report. While the currency attempted to bounce afterwards, it failed and continued to move down, erasing the intraday gains. Australian employment grew by 4,900 jobs in March, far less than analysts had predicted 20,300. Furthermore, only part-time employment contributed to the increase as full-time employment actually dropped. And on top of that, the February reading got a massive negative revision from a solid growth […]

April 19
2018

US AM Digest: Oil Prices Hit Fresh 3 Year Peak

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here GBP: Another hit for the Pound this morning as weaker than expected retail sales pushes GBPUSD briefly through 1.4200 and post-inflation lows of 1.4170. Subsequently, this paints the picture that growth in the UK will remain […]

April 19
2018

British Pound Declines on Weak UK Retail Sales Data, Later Rallies

The British pound today declined against the US dollar following the release of disappointing UK retail sales data in the early European session. However, the pound recovered almost immediately and went on to hit a daily high in the mid-European session, before declining from the early American session. The GBP/USD currency pair today gained over 80 points to rally from a low of 1.4161 to a high of 1.4246, but was on a downtrend at the time of writing. The GBP/USD currency […]

April 19
2018

Asian Markets Brush off HKMA Peg Defend, Stocks Turn to Fed Speak

Talking Points: Asian stocks rose on Thursday despite aggressive actions from HKMA to defend their peg Chinese shares pulled ahead the most, Japanese ones liked Trump’s & Abe’s conference Nikkei 225 has been in an uptrend since March, can it pass above near-term resistance? Not sure how these developments impacted the markets? Join a free […]

April 19
2018

Ethereum (ETH) Chart Nears Potential Upside Breakout

Ethereum (ETH) News and Talking Points – Ethereum rally may have further to go. – Cryptocurrency market continues to build strength. IG Client Sentimentshows retail are 93.3% net-long of Ethereum (ETH) but recent changes cloud the outlook. Download the data for free. We discuss a range of cryptocurrency charts and price set-ups at our Weekly […]

April 19
2018

EURUSD Weakness Likely to Continue

EURUSD News and Talking Points – US Short-term interest rates will support the greenback – EURUSD under pressure as inflation in the Euro-Zone remains elusive. The new DailyFX Q2 Trading Forecasts are now availableto help you make more informed trading decisions. Outlook for the Euro Outlook for the US dollar EURUSD Expected to Slip Lower […]

April 19
2018

EUR/USD Drops on Quiet Thursday

EUR/USD was falling during quiet trading today. The market lacked any major theme to drive currencies. Nevertheless, the currency pair was falling since the European session and continued to decline following the release of rather positive US data. Philadelphia Fed manufacturing index rose from 22.3 in March to 23.2 in April. That was a positive surprise considering that forecasters had promised a drop to 20.8. (Event A on the chart.) Initial jobless […]

April 19
2018

Asia AM Digest: CAD & GBP Tumble, NZD/USD Support Faces Local CPI

To get the Asia AM Digest every day, SIGN UP HERE The Canadian Dollar and British Pound were the two worst performing majors on Wednesday. The former was hurt by this month’s Bank of Canada rate decision where near-term hawkish monetary policy bets declined. It then fell some more when BOC’s Governor Stephen Poloz spoke […]

April 19
2018

NZD/USD May Be At Risk of Falling After Small Gains on Local CPI

Talking Points: New Zealand Dollar slightly higher after a mostly in-line local CPI report Data was in-line with RBNZ estimates, focus turns to risk trends and Fed NZD/USD fell as expected as upside momentum declined, more to come? Just getting started trading the New Zealand Dollar? See our beginners’ guide for FX traders to learn […]

Day: April 19, 2018