Day: May 7, 2018

May 7
2018

US Consumer Credit Debt Climbs Less Than Expected in March

Talking Points: The report revealed a seasonally adjusted annual increase of 3.6% Revolving credit, mainly credit cards, fell 3% marking the second consecutive drop Markets remain driven by geopolitical concerns but excess leverage remains a risk Learn the number one mistake traders make when trading. Download our Traits of Successful Traders Guide in the Beginner […]

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May 7
2018

Canadian Dollar Mixed-to-Lower Despite Strong Rally of Crude

The Canadian dollar traded mixed-to-lower today. With lack of any macroeconomic releases during the Monday’s trading session, traders turned their attention towards future releases. The rally of crude oil prices had limited impact on the currency. Prices for crude oil jumped more than 1% today as plenty of factors were supporting the commodity. Usually, the loonie follows moves of crude, but today that was not the case. By now, the currency […]

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May 7
2018

US Dollar Touches Record High for 2018

The US dollar was mixed today, rising against some rivals, falling against others, or staying flat versus some. The currency remained broadly supported by the outlook for higher interest rates from the Federal Reserve. The Dollar Index rose 0.16% to 92.716 today. Earlier today, the index touched 92.974 — the highest level this year. Some analysts speculated that the rally of crude oil prices was helpful to the currency as higher energy […]

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May 7
2018

Euro Trades Lower on Disappointing Releases From Across the Eurozone

The euro was on a downtrend today from the mid-Asian session to the mid-European session as the markets digested the mixed US non-farm payroll report from Friday. The euro’s decline was further accelerated by weak releases from across the Eurozone such as the disappointing German factory orders for March. The EUR/USD currency pair today lost over 75 points to decline from an initial high of 1.1978 to a low of 1.1898. The mixed non-farm payroll report, which registered […]

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May 7
2018

Eurozone Investor Confidence Falls to February 2017 Low on Trade War Fears

EUR Analysis and Talking Points Eurozone Sentix falls to the lowest level since February 2017 Investor morale deteriorates amid concerns over US trade policies. See our Q2 EUR forecast to learn what will drive the currency through the quarter. Eurozone Sentix Investor Confidence fell for a 4th consecutive month to its lowest level since February […]

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May 7
2018

US AM Digest: Oil Price Rises to 4-Year Peak Ahead of Iran Nuclear Deal Deadline

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA +0.4%, Nasdaq 100 +0.5%, S&P 500 +0.3% Major Headlines Oil prices surge to 4-year highs with WTI and Brent above $70 and $75/barrel respectively German Industrial Orders post surprise drop […]

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May 7
2018

Australian Dollar Lower Despite Record High Business Conditions

The Australian dollar traded broadly lower today despite a report that showed that the business conditions index reached the record high level last month. National Australia Bank reported that the business conditions index increased from +15 to +21 in April, reaching the highest level since the survey was performed in March 1997 for the first time. Furthermore, the business confidence index improved from +8 to +10. Alan Oster, NAB […]

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May 7
2018

Malaysian Ringgit Faces Election, PHP a Rate Hike: ASEAN Weekly

To sign up for the ASEAN weekly outlook and stay updated on coverage for currencies like the Malaysian Ringgit and Philippine Peso, click here ASEAN Outlook Talking Points: A week full of event risk may bring some volatile price action for ASEAN bloc currencies The Malaysian Ringgit awaits a general election, the Philippine Peso a […]

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May 7
2018

Most Asian Markets Gain As Oil HIts $70, US Dollar Inches Up Again

ASIAN STOCKS TALKING POINTS: Most Asian markets managed gains Monday The Nikkei 225 was an exception but it only fell by a whisker The US Dollar was a little more wobbly after Friday’s mixed employment numbers Join our analysts for live coverage of all the major Asian market-moving data at the DailyFX Webinars Most Asian […]

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May 7
2018

Asia AM Digest: Weekend Iran News May Swing Crude Oil Prices

To get the Asia AM Digest every day, SIGN UP HERE A Look Ahead – The Oil Conundrum Crude oil prices may succumb to some volatile price action as the new week gets under way. Over the weekend, Iran came out against higher oil prices. Deputy Oil Minister Amir Hossein Zamaninia said that a “suitable […]

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