May 14, 2018 – The Plot

May 14
2018

Malaysian Ringgit Recovers After Touching Four-Month Low

The Malaysian ringgit touched the lowest level in four months today but has managed to recover by now. Last week, former Prime Mister Mahathir Mohamad surprised many analysts by winning the seat again, but this time as a member of the opposition coalition. Market participants were concerned that the first shift in power since the country got independence means significant uncertainty. That hurt the currency, but it looks like the market […]

May 14
2018

Japanese Yen Drops as USA Make Concessions to China

The Japanese yen traded broadly lower today after the news that the United States made some concessions to China in the trade talks. Japan’s macroeconomic data was unable to support the currency. The market sentiment improved after US President Donald Trump twitted about helping China’s ZTE Corporation. ZTE Corp is a Chinese multinational telecommunications equipment and systems company. The company was selling US goods to Iran illegally, which […]

May 14
2018

Attractive Levels for GBPUSD Bulls

GBPUSD Analysis and News GBP bulls may find value at these cheap levels Tomorrows Employment report to dictate near-term direction See how retail traders are positioning in GBPUSD as well as other major FX pairs on an intraday basis using the DailyFX speculative positioning data on the sentiment page. Attractive Levels for Long Term GBP […]

May 14
2018

UK Market Look Ahead – Is Sterling Oversold? | Webinar

DailyFX has a vast amount of updated resources to help traders make more informed decisions. These include a fully updated Economic Calendar, Educational and Trading Guides and the constantly updated IG Client Sentiment Indicator. Market traders will be watching closely the latest set of UK jobs and wages numbers on Tuesday for any further signs […]

May 14
2018

US AM Digest: Euro Finds Support on ECB Tightening Chatter

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA +0.3%, Nasdaq 100 +0.2%, S&P 500 +0.2% Major Headlines Italy’s President is to hold formation talks with 5-Star/League at 1630/1800GMT ECB’s Villeroy says QE is near end and hikes will […]

May 14
2018

IDR Braces for Close Rate Call, MYR Under Pressure: ASEAN Weekly

ASEAN Outlook Talking Points: Malaysian Ringgit drops on surprise election outcome, BSP’s dovish hike hurts PHP MYR faces some uncertainty following the vote, IDR braces for volatility on rate call USD/IDR is in an rising channel as upside momentum is slowing, but not on the weekly Trade all the major global economic data live and […]

May 14
2018

Asian Stocks Gain, USD Stays Down, US/China Trade In Focus

TALKING POINTS: Asian stocks were mostly higher as a new week got under way The US Dollar’s slip continued, with lower Treasury yields weighing The week’s trade talks between Beijing and Washington will be closely watched What makes the best traders stand out? Take a look at the DailyFX deep, deep dive into the Traits […]

May 14
2018

EURUSD Capped as Italian Populist Government Takes Shape

EURUSD News and Talking Points – The two parties are close to agreeing a government although the choice of Prime Minister is still undecided. – EURUSD looks to be capped despite a slightly weaker greenback. The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, are now availableto download to help you make […]

May 14
2018

Asia AM Digest: Euro Awaits Italy Majority Government, CAD Fell

Current Market Developments – Italian Majority Government Looms Over the weekend, Italy’s two anti-establishment leaders Luigi Di Maio and Matteo Salvini drew closer to forming a government. The former is the head of the anti-EU party known as the Five Star Movement. The latter is in charge of the centre-right coalition. Combining their forces would […]

Day: May 14, 2018