Day: May 16, 2018

May 16
2018

Can Options-Derived Levels Catch AUD/USD on Jobs Data, Fed Speak?

Australian Dollar FX Options Talking Points: Australian Dollar is priced in for some volatile price action in the days ahead Options-derived support may catch AUD/USD if it falls on a local jobs report Ebbing downside momentum on the other hand signals that prices may rise Just started trading AUD/USD? Check out our beginners’ FX markets […]

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May 16
2018

Asian Stock Slip On US Yields, N Korea Worries, ECB Draghi Eyed

ASIAN STOCKS TALKING POINTS: Asian stocks were mostly lower Tuesday afternoon Japanese GDP data registered a shock contraction The US Dollar continues to gain Find out what retail foreign exchange traders make of the currencies you like, and those you loathe, at the DailyFX Sentiment Page Asian stock markets were mostly lower Wednesday afternoon as […]

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May 16
2018

EURUSD Bounces May Attract the Bears

EURUSD Talking Points – US Treasury yields remain near multi-year highs. – Growing Italian political fears will continue to weigh on the Euro. Check out our new Trading Guides: they’re free and have been updated for the second quarter of 2018. IG Client Sentiment data show 55.4% of traders are net-long EURUSD with the ratio […]

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May 16
2018

Japanese Yen Falters As Nine-Quarter GDP Growth Run Ends

JAPANESE YEN, JAPAN GDP, TALKING POINTS: The Japanese economy contracted in the first quarter according to official data This was the first such slip for nine quarters The Yen’s position looks shaky, monetary policy will remain loose for the foreseeable future Find out what the #1 mistake that traders make is and how you can […]

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May 16
2018

EUR/USD Falls on European Politics

EUR/USD dropped today on speculations that the Italian populist coalition may seek government debt forgiveness from the European Central Bank, though officials denied such allegations. As for US macroeconomic released, the data was mixed, but no indicator was really bad. Housing starts were at the seasonally adjusted annual rate of 1.29 million in April, down from 1.34 million in March and missing the analysts’ average estimate of 1.32 million. […]

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May 16
2018

Gold Price Drops as US Treasury Yields Push Higher

Talking Points: – A stronger US Dollar on the back of higher US Treasury yields (both nominal and real) has paved the way for lower Gold prices. – Gold’s symmetrical triangle, previously eying topside resolution, has failed and broken to the downside. – Sentiment for the US Dollarhas started to turn contrarian bullishmidway though Q2’18. […]

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May 16
2018

Asia AM Digest: Yen May Gain if Sentiment Falls. Not on GDP Beat

Prior Session Recap – US Dollar Gains and Sentiment Deteriorates Tuesday’s trading session could have been characterized by two main themes. The first is broad US Dollar strength. The greenback was one of the best performing majors, rising alongside a push higher in local government bond yields as Fed rate hike expectations firmed. Upward revisions […]

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