Day: May 22, 2018

May 22
2018

Asian Stocks Decline, ASX 200 May Fall More. GBP Awaits BOE Speak

Asian Stocks Talking Points: Asian stocks were mostly down as the markets focused on tightening global credit conditions The anti-risk Japanese Yen appreciated as BoJ’s Governor Kuroda appeared in parliament ASX 200 might be putting in a reversal of a prior uptrend after several warning signs passed Not sure how these developments impacted the markets? […]

Read more
May 22
2018

USD Rebound Likely After Two Days of Falls, US-China Trade War in Focus

USD talking points: – Optimism that the US and China have reached at least a temporary ceasefire in their trade war should boost USD. – Higher oil prices will likely lift US inflation and keep the chances high of several more US interest rate increases this year. Check out the IG Client Sentiment data to […]

Read more
May 22
2018

Asia AM Digest: JPY, AUD Await Risk Trends as USD Reverses Gains

Current Market Developments – USD Reverses Prior Gains The US Dollar was initially on its way to close at a new high this year until it put in a reversal towards the second half of the day. Perhaps some profit taking weighed on the currency given a lack of crucial economic event risk. The greenback […]

Read more