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Day: May 15, 2018
May 152018
UK Jobs Report Lifts GBP but Impact Minimal on Chances of Rate Rise
GBP news and talking points: – Today’s UK employment report shows continuing strength in the UK labor market. – However, more robust data will be needed if the Bank of England is to increase interest rates soon, so the impact on GBPUSD has been negligible. Check out the IG Client Sentiment data to help you […]
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May 152018
EURUSD Brushes Off Slowing Eurozone Growth
EUR Analysis and Talking Points EURUSD unfazed by Eurozone growth slowdown Rising trade and geopolitical tension weighs on economic sentiment See our Q2 EUR forecast to learn what will drive the currency through the quarter. Slowdown in Eurozone Growth Confirmed The Euro and DAX saw a largely muted reaction after a raft of Eurozone and […]
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May 152018
Market Sentiment Improves But Still Held Back By Concerns About Trade
Sentiment talking points: – Sentiment in the financial markets is better than it has been for a while. – However, worries about global trade in general and US/China trade in particular is preventing a full recovery. – In this webinar, I discussed these issues and market confidence more generally Check out the IG Client Sentiment […]
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May 152018
USDJPY Rallies Above 110.20 Following Upward Revisions to Retail Sales
Talking Points: – Most Advance Retail prints rose by 0.3% in April including headline and core; both saw upward revisions in March – USDJPY rips above 110.20 as inflation shows signs of life – See the DailyFX Economic Calendar for upcoming economic data and for a schedule of live coverage see the DailyFX Webinar Calendar. […]
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May 152018
US AM Digest: USD Surges as 10yr Treasury Yield Hits Highest Level Since 2011
Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA -0.55%, Nasdaq 100 -0.8%, S&P 500 -0.5% Major Headlines US 10yr Yield rises to higher level since 2011, supporting USD. Oil prices hit fresh 3 ½ yr highs. UK Jobs […]
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May 152018
Euro Drops Against a Strong US Dollar Amid Mixed Eruozone Data
The euro today registered a significant drop against the US dollar from the mid-European session following high demand for the greenback boosted by higher US Treasury yields. Mixed data from a cross the Eurozone such as the weak German GDP data released earlier today also contributed to the euro’s weakness against the greenback. The EUR/USD currency pair today lost over 110 points to drop from a high of 1.1940 to a low of 1.1820. The currency pair […]
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May 152018
British Pound Remains Depressed on Mixed UK Jobs Report
The British pound today remained depressed against the US dollar despite the release of the mostly positive UK labour market report for May. The increase in the 10-year US Treasury yields to levels above the crucial 3.00% level exerted downward pressure on the cable restricting any positive moves by the currency pair. The GBP/USD currency pair today lost 50 points to decline from a high of 1.3572 to a low of 1.3522, but later rallied slightly higher. […]
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May 152018
Australian Dollar Stable After RBA Minutes & China’s Data
The Australian dollar was rather stable today, rising against some rivals and falling versus others, but only just a little bit. Fundamentals were somewhat mixed, giving the currency no help in finding direction. Among important events during the current trading session were the policy minutes from the Reserve Bank of Australia and China’s macroeconomic releases. The RBA released minutes of its latest policy meeting today. In them, the central […]
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May 152018
AUD/USD Awaits Trade Talks Post China Retail Sales, Jobless Rate
Australian Dollar Market Alert Talking Points: Chinese retail sales misses estimates, industrial production doesn’t as jobless falls Australian Dollar focuses on risk trends with RBA on monetary policy hold for now AUD/USD downside momentum is ebbing as the pair stalls its downtrend since Feb. Just getting started trading the Australian Dollar? See our beginners’ guide […]
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May 152018
Asian Stocks Slip Back Despite Wall St Gains, Dollar Turns Up Again
ASIAN STOCKS TALKING POINTS: Asian stocks were broadly lower, if generally not by much The US Dollar put in more gains, with the Australian Dollar hit by central bank dovishness Chinese retail and industrial data remained quite strong What makes the best traders stand out? Take a look at the DailyFX deep, deep dive into […]
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