Day: April 26, 2018

April 26
2018

EUR/USD Rallies Briefly on ECB Decision and Draghi Speech, Later Declines

The EUR/USD currency pair today rallied briefly after a speech by the European Central Bank President Mario Draghi following the bank’s interest rate decision. The currency pair’s decline was triggered by the resurgence of the US dollar following reports that top US government officials were heading to China for talks on the ongoing US-China trade war. The currency pair initially rallied to 1.2209 after Draghi’s hawkish speech before it dropped massively […]

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April 26
2018

US Crude Oil Price Well-Placed for Further Gains

Crude oil talking points: – The prospect of new sanctions on Iran and concerns about Venezuela are lifting crude oil prices. – Now, a further climb towards the $70/barrel level for the US contract seems plausible. Check out the IG Client Sentiment data to help you trade profitably. And take a look at our Q2 […]

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April 26
2018

Euro Dips as ECB Holds Rates, Makes No Changes to Policy Statement

Talking Points: – The ECB kept rates on hold as its QE taper continues through September 2018, while making no – absolutely zero – changes from its policy statement last month. – In the copy-and-paste policy statement, the ECB reiterated that rates will remain low past the termination of its QE program. – EUR/USD trades […]

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April 26
2018

US AM Digest: Euro Rebounds as Draghi Downplays Recent Soft Data

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA +0.3%, NASDAQ 100 +1.4%, S&P 500 0.5% EUR: ECB kept its main rates on hold as expected, while the comments alongside the decision had been left unchanged. As such, a […]

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April 26
2018

EURUSD Break Lower Nears; Will US GDP Be The Trigger?

EURUSD and Talking Points – The latest ECB monetary policy announcement gave no hints on policy change. – US Q1 advanced GDP may reveal an upside surprise. The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, are now availableto download to help you make more informed trading decisions. EURUSD Continues to Trade […]

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April 26
2018

EUR/USD Recovers as Mario Draghi Downplays Poor Data

EUR/USD dropped today after the European Central Bank left its monetary policy unchanged and signaled that it is going to keep interest rates low for a long time. (Event A on the chart.) Yet the currency pair bounced after ECB President Mario Draghi downplayed the recent negative macroeconomic reports in his introductory statement before the press conference, saying that the data is “consistent with a solid and broad-based expansion of the euro […]

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April 26
2018

Euro May Gain by Week-End as Options-Derived Resistance Tames it

Talking Points: Euro might see some volatile price action as we head into the week-end The ECB rate decision and US Q1 GDP could offer the Euro some gains Can options-derived EUR/USD resistance tame it if it does indeed rise? We will be covering the ECB monetary policy announcement and the Euro reaction live. You […]

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April 26
2018

Asian Stocks Mixed, Chinese Names Pressured. ECB Meet Looms

Talking Points: Asian stocks ended Thursday mixed Chinese and Australian names wilted while the Nikkei and Kospi headed higher The US Dollar remains very firm Find out what the #1 mistake that traders make is and how you can fix it! Asian stocks put in a decidedly mixed showing on Thursday. On one hand the […]

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April 26
2018

Trade the News: EUR Downside in Focus as ECB Meets

EUR TALKING POINTS: – Traders in EURUSD are currently focusing on the USD side of the equation, with rising US bond yields pointing to more US rate increases and therefore a stronger Dollar. – Meanwhile, the European Central Bank’s Governing Council will likely leave both monetary policy and its communication unchanged today, signaling that policy […]

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April 26
2018

Ether (ETH) Struggles After Sell-Off, Cryptomarket Slumps

Ether (ETH) News and Talking Points – After trading in the early $700s at the start of the week, ETH may soon be trading with a five-handle. – Wednesday’s sell-off shaves $40 billion of crypto-market capitalization. IG Client Sentimentshows that 93.5% of traders are long of Ether. Download our free guide to see what this […]

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