Day: May 21, 2018

May 21
2018

US National Activity Index Shows Growth with Tailwinds from Trade Ahead

Talking Points: Fifty of the eighty-five economic indicators made positive contributions in April Production related indicators contributed with a bump to 0.27 for the index, up from 0.19 The seemingly resolved US-China trade war has dominated headlines and market action Learn the number one mistake traders make when trading. Download our Traits of Successful Traders […]

Read more
May 21
2018

Australian Dollar Rises as US-China Trade War is Put on Hold

AUD Analysis and News AUD finds support over reduced fears of a US-China trade war. AUDNZD remains on course to a make a test for 1.10. For a more in-depth analysis on the Australian Dollar, check out the Q2 Forecast for AUD Impact of Trade Wars click here Reduced Trade War Risk Lifts AUD The […]

Read more
May 21
2018

US AM Digest: US Dollar Remains Firm as Trade War is Put on Hold

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA +0.9%, Nasdaq 100 +0.8%, S&P 500 +0.5% Major Headlines US-China Trade War is on hold amid progress in talks Italy’s 5 Star and League Party are seeking President Mattarella’s backing […]

Read more
May 21
2018

NZ Dollar Bounces After Decline Caused by Retail Sales Data

The New Zealand dollar went down intraday during the current trading session due to disappointing retail sales data. But the currency managed to bounce later thanks to risk appetite on the market. Statistics New Zealand reported that retail sales rose by just meager 0.1% in the March quarter of 2018 from the previous three months, far less than forecasters had predicted — 1.0%. Furthermore, the previous quarter’s increase was revised […]

Read more
May 21
2018

Aussie Ignores Interest Rate Forecast As Threat of Trade Wars Wanes

National Australia Bank pushed its forecast of an interest rate hike from 2018 to mid-2019. Yet that did not prevent a rally of the Australian dollar, caused by signs of waning trade tensions between the United States and China. Previously, NAB was saying that a rate hike in 2018 is still possible. Yet now, the bank pushed back the expected data of a hike to mid-2019, saying: The change reflects the fact there’s no […]

Read more
May 21
2018

USD Putting Pressure on IDR. Is USD/SGD Topping? – ASEAN Weekly

ASEAN Outlook Talking Points: The Bank of Indonesia rate hike was unable to boost IDR amidst rising US Dollar PHP, MYR and SGD at risk of greenback strength. Can risk trends support them? USD/SGD is struggling to push above resistance amidst a reversal warning sign Just getting started trading the Indonesian Rupiah? See our beginners’ […]

Read more
May 21
2018

Most Asian Stocks Gain As US/China Trade Comments Offer Relief

ASIAN STOCKS, TALKING POINTS: Asian stocks posted modest gains, in the main US/China trade talks took a much less belligerent tone The Euro remains troubled by Italian political developments Get trading hints and join our analysts for live coverage of all major market-moving economic data at the DailyFX Webinars Asian stocks were broadly higher Monday […]

Read more
May 21
2018

Asia AM Digest: US/China Trade News Lifts AUD, JPY Eyes Tokyo Open

Current Market Developments – Anti-Risk JPY Lower, Sentiment-Linked AUD Up The beginning of this week’s session was met with an improvement in sentiment, causing some gaps across the FX majors spectrum. On Saturday, news from the White House crossed the wires saying that China will “significantly increase purchases” of US goods and services. The following […]

Read more
May 21
2018

Ant-Risk Yen May Continue Weakening after Trade Balance Data

Japanese Yen Talking Points: Japanese Yen appears more interested in risk trends than local trade data Exports rose (but less than expected) despite first month of US metal tariffs USD/JPY remains in rising channel and may test August 2015 trend line Build confidence in your own USD/JPY strategy with the help of our free guide! […]

Read more
May 21
2018

Euro Slides As Italian Politics Weigh, New Govt Confirmation In Focus

EURO, ITALIAN GOVERNMENT TALKNG POINTS: The Euro remains under heavy selling pressure Italy’s President will probably confirm a euro-skeptic coalition on Monday Political risk is back front and centre for the single currency Find out what retail foreign exchange traders make of the euro’s prospects right now at the DailyFX Sentiment Page The Euro has […]

Read more