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Day: May 23, 2018
May 232018
Yen Jumps Sharply on Worsening Sentiment, Ignores Economic Data
Macroeconomic data released in Japan today was rather disappointing. Yet that did not prevent a sharp jump of the Japanese yen on the back of the worsening market sentiment. Previously, markets felt encouragement from signs that the United States and China want to avoid trade wars. But such optimism evaporated after US President Donald Trump contradicted his own economic officials, saying that there is no deal […]
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May 232018
Construction Work Miss Hurt AUD as Sentiment Fell, RBA Speech Due
Australian Dollar Talking Points: Australian Dollar was dented further as local construction work missed bets Sentiment was already deteriorating, echoing losses from Wall Street earlier AUD/USD could find itself falling to channel support on RBA’s Lowe speech Trade all the major global economic data live and interactive at the DailyFX Webinars. We’d love to have […]
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May 232018
Asian Stocks Wilt On New Trade Worries, Fed Minutes Awaited
ASIAN STOCKS TALKING POINTS Asian stocks were mostly lower Trade worries resurfaced after a couple of days’ optimism The US Dollar was lower against the Yen as Federal Reserve policy minutes approached Join our analysts for live, interactive coverage of all major Asia Pacific economic data at the DailyFX Webinars Asian stocks were broadly weaker […]
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May 232018
EURUSD May Weaken Further as Trade War Fears Re-Emerge
Trade wars in focus again: – Donald Trump said Tuesday that he was not pleased with the recent trade talks between the US and China. – That has revived trade war fears, potentially keeping the US Dollar on an upward path against the Euro. Check out the IG Client Sentiment data to help you trade […]
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May 232018
Asia AM Digest: CHF Outpaced JPY, AUD May Fall on RBA Lowe Speech
Current Market Developments – Sentiment Declines, CHF Stands Tall News that China plans to cut import tariffs on autos to 15% from 25%, which briefly improved sentiment earlier today, failed to offer a lasting response as Wall Street finished the day in the red. Indeed, the S&P 500 and Dow Jones declined 0.31% and 0.72% […]
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