Day: April 30, 2018

April 30
2018

Dollar Continues to Get Support from Interest Rate Hike Expectations

The US dollar was very strong on Monday as traders continued to bet on another interest rate hike from the Federal Reserve in the near future. Macroeconomic data released over Monday in the United States was disappointing for the most part, but that did not deter the greenback from rising. What caught the traders’ attention was the fact that annual core PCE inflation was very close to the Federal Reserve’s target level […]

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April 30
2018

EUR/USD Declines After Disappointing German Retail Sales

EUR/USD was trading in a range at the start of Monday’s trading but began a decline shortly after German retail sales came out, turning out to be much worse than was expected. (Event A on the chart.) US macroeconomic data was not hot either, but that did not help the currency pair. This week will be full with important releases in the United States, including PMIs, employment data, […]

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April 30
2018

[Poll] Worst Streak of Losses

When assessing your trading performance, it is useful to look not only at such parameters as the average win size, average loss size, or the ratio of winning trades to losing ones. Looking at the maximum one-time gain or, conversely, at the worst losing trade can also shed light on the viability of the employed trading method. However, one of the overlooked parameters is the maximum length of the losing streak encountered by a trader. For example, catching three […]

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April 30
2018

Euro Weak After Bunch of Soft Data from Eurozone

The euro was weak today following macroeconomic releases during the Monday’s trading session. Not all of the reports were bad, but markets paid more attention to the negative part of the data. The Italian Consumer Price Index rose 0.1% in April on a monthly basis, missing the average forecast of a 0.2% increase slightly. German retail sales dropped by 0.6% in March from the previous month — a result that was totally opposite to market expectations […]

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April 30
2018

EUR/USD Declines After Disappointing German Retail Sales

EUR/USD was trading in a range at the start of Monday’s trading but began a decline shortly after German retail sales came out, turning out to be much worse than was expected. (Event A on the chart.) US macroeconomic data was not hot either, but that did not help the currency pair. This week will be full with important releases in the United States, including PMIs, employment data, […]

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April 30
2018

EURUSD Fails to Find Support From Better Than Expected German Inflation

Euro Analysis and Talking Points EURUSD saw a muted reaction following the release of the German CPI report. Euro continues to be pressured by the stronger USD, Italian elections may dent outlook. German Inflation Provides Encouragement for Euro Bulls German consumer price inflation stood at 1.6% year-on-year for April, which was slightly higher than expectations […]

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April 30
2018

US AM Digest:DXY Rises on Anticipation of Hawkish Fed; EUR, GBP Fall on Political Concerns

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA +0.5%, Nasdaq 100 +0.3%, S&P 500 +0.3% Major Headlines Risk sentiment supported as North Korea pledged to shut its nuclear test site in May Chinese Manufacturing PMI for April 51.4 […]

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April 30
2018

US Inflation Slightly Misses Target in March With Modest Gains in Income and Spending

PCE Discussion Points: – The Personal Consumption Expenditure came in line in March; notably, Core PCErose by 1.9% YoY – Personal income was in line as well at 0.4%, spending rose by 0.3% – Fed maintains inflation outlook despite missing target in March, likely to leave rates unchanged this week – See the DailyFX Economic […]

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April 30
2018

Australian Dollar Soft After Mixed Australian & Chinese Economic Reports

The Australian dollar was falling since the beginning of today’s trading session and accelerated its decline after the release of mixed macroeconomic data from Australia and Australia’s biggest trading partner — China. The China Federation of Logistics and Purchasing released its Purchasing Managers’ Indices for April today. The manufacturing PMI slipped a little from 51.5 to 51.4, while the non-manufacturing PMI rose a bit from 54.6 to 54.8. Both indicators were close to market […]

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April 30
2018

Philippine Peso May Rise, USD Gains Could Slow It: ASEAN Weekly

To sign up for the ASEAN weekly outlook and stay updated on coverage for currencies like the Philippine Peso and Indonesia Rupiah, click here ASEAN Outlook Talking Points: Philippine Peso and Indonesian Rupiah were resilient last week despite US Dollar strength US Dollar could appreciate on Fed’s preferred measure of inflation, FOMC and jobs data […]

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