Day: May 24, 2018

May 24
2018

Asian Stocks Fall on Trump Auto Tariff Probe, Nikkei Reversing?

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 […]

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May 24
2018

Ether (ETH) Price Bounces Off Target But Weakness Remains

Ether (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 […]

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May 24
2018

Turkish Lira Rallies Versus the Dollar After Unexpected 300bp Rate Hike

Talking 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 […]

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May 24
2018

Asia AM Digest: FOMC Minutes Hurt USD, Boosts S&P. JPY May Fall

Current 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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