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Day: May 3, 2018
May 32018
EURUSD Eases as Euro-Zone Inflation Data Miss Expectations
EUR talking points: – Euro-Zone inflation in April fell to 1.2% year/year; it had been expected to be unchanged at 1.3%. – That makes a total withdrawal of its monetary stimulus program by the ECB marginally less likely this year. Check out the IG Client Sentiment data to help you trade profitably. And for a […]
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May 32018
Australian Dollar Benefits from Positive Macroeconomic Data
The Australian dollar gained on its major rivals today thanks to a bunch of positive macroeconomic reports released over the current trading session. The session kicked off with not-so-good data as the seasonally adjusted Australian Industry Group Australian Performance of Services Index fell to 55.2 in April from 56.9 in March. Other reports were far better, though. The trade balance surplus widened to A$1.53 billion in March from A$1.35 billion in February. […]
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May 32018
Asia AM Digest: US Dollar Rises After Drop on FOMC, Yen May Gain
To get the Asia AM Digest every day, SIGN UP HERE Current Market Developments – US Dollar Climbs After FOMC The US Dollar took a sharp dive on the FOMC monetary policy announcement. There, the Fed upgraded its view on inflation but not so much on economic growth. Overall, the central bank seemed to prepare […]
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May 32018
Australian Dollar Could Continue Climbing on Trade Surplus Beat
Australian Dollar Talking Points: Australian Dollar climbs on local trade surplus beat, highest since May 2017 Aussie Dollar faces RBA statement on monetary policy, then US jobs report If AUD/USD holds its gains, then a bullish reversal warning sign could form Just started trading AUD/USD? Check out our beginners’ FX markets guide! The Australian Dollar […]
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