May 10, 2018 – Page 2

May 10
2018

NZ Dollar Dives After RBNZ Keeps Rates on Hold

The New Zealand dollar slumped against its major rivals today, falling to the lowest level since December versus its US counterpart, after the Reserve Bank of New Zealand kept interest rates unchanged and expressed dovishness in its statement. The RBNZ left the main interest rate at the historically low level of 1.75% as was widely expected. The central bank revised the growth forecast lower. Gross domestic product is expected to rise […]

May 10
2018

Asian Stocks Gain Modestly As Oil Prices Rise, BoE In Focus

ASIAN STOCKS TALKING POINTS: Major indexes were broadly higher The New Zealand Dollar got a kicking from lowered central bank growth and inflation forecasts The US Dollar is still riding high Find out what the #1 mistake that traders make is and how you can fix it! Asian shares moved broadly higher Thursday, tracking gains […]

May 10
2018

Crude Oil Rally Still Has Legs

Crude Oil Talking Points – Geo-political backdrop remains supportive for higher oil prices. – US crude could hit $80/brl in the short/medium-term. IG Client Sentiment shows that retail traders are net-short US crude oil although daily and weekly positioning has changed. Download our free guide to help you make more informed trading decisions. Crude Oil […]

May 10
2018

GBPUSD Muted After Mixed Data; Focus on Bank of England QIR

GBPUSD Analysis and News GBPUSD Sees Muted Reaction from Mixed Bag of Data Focus on the Bank of England’s Super Thursday where GBP bulls will be hoping for a “hawkish hold” For a more in-depth analysis on Sterling, check out the Q2 Forecast for GBP/USD Weekly GBPUSD Forecast here GBPUSD Sees Muted Reaction from Mixed […]

May 10
2018

Trade the News: Bank of England Governor to Determine Next Move in GBP

UK INTEREST RATES: – The Bank of England’s monetary policy committee will almost certainly leave all its settings, including UK interest rates, unchanged today. – That means GBP traders need to listen carefully to the central bank’s Governor Mark Carney when he comments on the decision. – The Bank’s economic forecasts will also be important […]

May 10
2018

Asia AM Digest: NZD Faces RBNZ Orr Speech, MYR Drops on Election

To get the Asia AM Digest every day, SIGN UP HERE NZD Declines on RBNZ. MYR Down on Election Outcome The New Zealand Dollar depreciated aggressively across the board as the RBNZ left rates unchanged and decreased near-term hawkish monetary policy expectations. The central bank not only forecasted rates rising further out, but also the […]

May 10
2018

Japanese Yen Ticks Down After BoP, BoJ Sumary, But USD Drives

Japanese Yen, Trade, BOJ Opinions Talking Points: The Japanese Yen weakened after Thursday’s data dump However, it’s unlikely that the numbers affected it much, the US Dollar is generally stronger The BOJ again pressed the need for powerful monetary easing New to trading Currency majors like the Japanese Yen? Try the DailyFX Beginners’ Guide The […]

May 10
2018

EUR/USD Halts Decline After US CPI Misses Expectations

EUR/USD rose for the first time after four consecutive sessions of losses as the US Consumer Price Index rose less than was expected. Other macroeconomic indicators released in the United States over today’s trading session beat expectation, but that hardly affected the rally. CPI rose 0.2% in April, failing to meet the consensus forecast of a 0.3% growth. The index fell 0.1% in March. (Event A on the chart.) Initial jobless claims were […]

Day: May 10, 2018