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Day: May 24, 2018
May 242018
EUR/USD Rises As Geopolitical Tensions Resurface
EUR/USD rose today as the dollar was under pressure from resurfacing geopolitical tensions. US President Donald Trump was pushing for tariffs on imported cars. He also announced that the planned meeting with North Korean leader Kim Jong-un was cancelled. Meanwhile, US economic data released today was disappointing, adding to the pressure on the greenback. Initial jobless claims rose from 223k to 234k last week instead […]
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May 242018
Bitcoin (BTC) Slump Continues on US Justice Department Probe Talk
Bitcoin Price and Talking Points – A report that the US Justice Department has opened an investigation into cryptocurrency price manipulation is weighing heavily on Bitcoin. – Fresh 2018 lows are on the cards if the current trading range breaks. A report by Bloomberg that the US Justice Department is investigating illegal practices in the […]
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May 242018
Brent Crude Oil Price Falters at $80, Downside Back In Focus
Crude oil price analysis and talking points: – An unexpected rise in US crude oil inventories and a possible increase in OPEC+ output both point to lower crude oil prices. – From a technical viewpoint too, the price of Brent crude looks ready to slip back after reaching its highest levels since November 2014. Check […]
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May 242018
EUR/USD Rises As Geopolitical Tensions Resurface
EUR/USD rose today as the dollar was under pressure from resurfacing geopolitical tensions. US President Donald Trump was pushing for tariffs on imported cars. He also announced that the planned meeting with North Korean leader Kim Jong-un was cancelled. Meanwhile, US economic data released today was disappointing, adding to the pressure on the greenback. Initial jobless claims rose from 223k to 234k last week instead […]
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May 242018
Euro Rallies Higher Against US Dollar on Positive German Data
The euro today rallied higher against the US dollar from the Asian session following yesterday’s dovish FOMC minutes. The positive German GDP data fueled the euro’s rally into the early European session before a slight retracement ensued following the release of the latest ECB minutes. The EUR/USD currency pair today rallied from a low of 1.1690 to a high of 1.1750 for a peak gain of over 55 points. The currency pair’s rally was initially […]
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May 242018
Turkish Lira Under Pressure Again After Brief Rate Hike Boost
TRY talking points: – The Turkish Lira was boosted Wednesday by a sharp increase in Turkey’s benchmark interest rate. – However, the advance is already reversing and USDTRY is heading higher again. Check out the IG Client Sentiment data to help you trade profitably. Renewed strength for USDTRY The Turkish Lira is weakening again in […]
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May 242018
GBPUSD Rises After Some Retail Therapy
GBP Analysis and Talking Points GBPUSD rises following better than expected retail sales Recent Inflation figures sees BoE hike forecast pushed back See our Q2 GBP forecast to learn what will drive the currency through the quarter. GBP Supported as Retail Sales Rebound GBPUSD pushed above 1.34 after news that UK retail sales saw a […]
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May 242018
Trade Wars: USD Weakens, Havens Rise as Autos Drive Into the Spotlight
USD analysis and talking points: – The USD is weaker all round amid US plans to launch a probe into car and van imports, stoking fears about a worsening trade dispute between the US and China. – Safe havens like the Japanese Yen and the Swiss Franc have been the main beneficiaries. Check out the […]
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May 242018
US AM Digest: TRY Plunge Continues, GBP Supported on Retail Sales Rebound
Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA -0.3%, Nasdaq 100 -0.2%, S&P 500 -0.2% Major Headlines UK Retail Sales rebound in April CAD, MXN weighed by US Auto Import probe GBP: Renewed life in the Pound today […]
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May 242018
Yen May Continue Gaining after Trump Auto Probe Unnerved Markets
Talking Points – Japanese Yen, Nikkei 225, Donald Trump, North Korea Asian stocks off to a rocky start Thursday, Nikkei 225 falls and Japanese Yen gains Donald Trump ordered probe on auto imports, North Korean summit more unlikely USD/JPY appears to be turning lower following a warning sign and uptrend break Build confidence in your […]
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