Day: April 27, 2018

April 27
2018

US Dollar Nears Short-Term Target; Outlook Remains Bullish

USD Talking Points – US Q1 GDP may surprise to the upside. – ECB President Draghi watches as the Euro falls away. Check out our new Trading Guides: they’re free and have been updated for the first quarter of 2018. IG Client Sentiment data show retail is 52.5% net-long of EURUSD with long positions picking […]

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April 27
2018

Asia AM Digest: Yen Eyes BoJ After Seiko Noda Downplays QE Effort

To get the Asia AM Digest every day, SIGN UP HERE Current Market Developments – Weaker New Zealand Consumer Confidence The New Zealand Dollar largely brushed aside local consumer confidence falling to its lowest since August 2016. Meanwhile, more positive US first quarter earnings crossed the wires. Intel and Microsoft beat their revenue targets. Meanwhile, […]

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April 27
2018

New Zealand Dollar May Resume Drop After Trade Deficit Surprise

NZ Trade Balance and NZD/USD Talking Points: NZD/USD falls, then pulls back up on New Zealand’s March trade balance report There was a deficit surprise, but either way it may not impact the RBNZ policy path The New Zealand Dollar could decline against USD on Friday’s US Q1 GDP data Just getting started trading the […]

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April 27
2018

Japanese Yen Steady As BoJ Holds Once More, Kuroda Up Next

Talking Points: The Bank of Japan left its monetary policy alone It also removed any precise mention of when inflation might hit its 2% target from the policy statement The Japanese Yen remains pressured against the US Dollar Find out what DailyFX analysts think the Japanese Yen’s fate will be at our Forecast Page The […]

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