Asian Stocks Talking Points: Asian stocks declined as trade war fears unnerved investors via a US auto tariff probe The anti-risk Japanese Yen appreciated on haven demand and the Canadian Dollar fell Nikkei 225 fell below a rising trend line amidst a reversal warning sign, more to come? Not sure how these developments impacted the […]
Read moreEther (ETH) News and Commentary – Ether rebounds off the February 6 swing-low but lower prices seem likely. – Ether-Bitcoin spread recovers Wednesday’s weakness. If you are new to trading cryptocurrencies, or are just looking to refresh your trading knowledge, please see the DailyFX ‘Guide to Day Trading Bitcoin and other Cryptocurrencies’. Ether (ETH) Re-Bound […]
Read moreTalking Points: An unscheduled meeting by the monetary policy committee followed warnings by ratings agencies A 3% increase in a key rate surprised given the bank’s next scheduled meeting was set for June 7 The Lira rallied sharply versus the Dollar after the hike, but is still down roughly 20% for the year Learn the […]
Read moreCurrent Market Developments – FOMC Minutes Weigh on USD, Boosts S&P 500 The US Dollar, while concluded Wednesday’s session cautiously higher, pulled back some of its gains as the FOMC meeting minutes crossed the wires. Heading into the release of the document, the markets were already widely anticipating a rate hike at the Fed’s next […]
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