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Day: April 24, 2018
April 242018
Australian Dollar Bounces After Release of CPI Reports
The Australian dollar fell intraday during the current trading session but bounced after the release of inflation reports even though the data was not particularly supportive. The Australian Bureau of Statistics reported that the Consumer Price Index rose 0.4% in the March quarter of 2018 from the previous three months, slower than in the December quarter of 2017 (0.6%) and slightly below the median forecast (0.5%). The trimmed mean CPI reported by the Reserve Bank […]
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April 242018
Most Asian Stocks Bounce Back Despite Oil Gains, USD In Focus
Talking Points: Asian stocks were mostly higher A stronger Dollar helped the region’s plentiful exporters Oil prices remained elevated by recent standards New to trading? The DailyFX Beginners’ Guide was written for you Asia Pacific stock markets rose broadly Tuesday, despite a lukewarm Wall Street lead, with a stronger US Dollar apparently overcoming any growth […]
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April 242018
Asia AM Digest: Australian Dollar Faces CPI Amidst Stronger USD
To get the Asia AM Digest every day, SIGN UP HERE Current Market Developments – Alphabet Earnings, Poloz Speech Towards the end of Monday’s session, Google’s parent company Alphabet reported first quarter earnings after US market close. EPS and revenue ex-TAC beat estimates. Meanwhile, Bank of Governor Stephen Poloz testified to the Finance Committee. He […]
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April 242018
Australian Dollar Weathers CPI Miss, Inflation Remains Below Target
Talking Points: Australian inflation remained stubbornly low in the first quarter It also remained a whisker below the RBA’s target band The Australian Dollar didn’t mind much, but has already been hit hard Discover the #1 mistake that traders make so that you never have to copy them The Australian Dollar wobbles sligthly on Tuesday […]
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