GBPUSD Talking Points and News Soft UK Data and Cautious Carney Pressure Sterling Market Pricing for a May Rate Hike Fall to a 50-50 Chance From Over 80% See how retail traders are positioning in GBPUSD as well as other major FX pairs on an intraday basis using theDailyFX speculative positioning data on the sentiment […]
Read moreTalking Points: – Headline CPI rose by 2.3% YoY in March, slightly below expectations at 2.4% – Core inflation fell below the 2% target at 1.9% – The Loonie is under pressure again this week falling as much as 0.67% against the dollar – See the DailyFX Economic Calendar for upcoming economic data and for […]
Read moreReceive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here USD: The DXY slowly but surely showing small signs of a recovery with the rise in treasury yields helping provide some much-needed support and suggesting better levels are to be had for the USD-index. Given the […]
Read moreThe Swiss franc fell below the historically important level of 1.20 versus the euro as the risk appetite drove investors away from safe currencies. Still, Swiss National Bank Chairman Thomas Jordan saw no reason to abandon the extremely loose monetary policy. The franc traded below the 1.20 level defended by the SNB during its short-lived currency peg to the euro, which it has unexpectedly abandoned in January 2015. Yet Jordan […]
Read moreThe Japanese yen fell against the US dollar today as nation’s inflation slowed last month. The currency also dropped against other rivals but has trimmed its gains by now, and against the euro it actually moved above the opening level. The Statistics Bureau reported that Japan’s core Consumer Price Index rose 0.9% in March from a year ago. Compared to the previous month, the index fell 0.1%. The Ministry of Economy, […]
Read moreRipple News and Talking Points – Ripple benefits from Binance news – Congestion ahead but further gains look likely. The latest Ripple surge will be welcomed by traders with the latest IG Client Sentimentreport showing retail are overwhelmingly long XRP – 96.2% – with net-short positions scarce. You can download the report for free to […]
Read moreTo get the Asia AM Digest every day, SIGN UP HERE The British Pound continued its decline from yesterday, where a softer UK CPI report weakened near-term BoE rate hike expectations. On Thursday, Sterling slipped initially on softer local retail sales data. However, its decline paled in comparison to its sharp drop towards the end […]
Read moreTalking Points: Japanese Yen more interested in risk trends than an in-line local inflation report The anti-risk unit may appreciate if the HKMA sours sentiment via intervention USD/JPY upside momentum is waning, hinting that prices may soon turn lower Build confidence in your own USD/JPY strategy with the help of our free guide! The Japanese […]
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