EUR/USD was rather volatile today, attempting to rally intraday but trading near opening level now, as traders were digesting news about political turmoil in Europe and reports that the United States will implement the postponed tariffs on goods from its closest allies as the exemption from the duties will expire tonight. Most US macroeconomic reports released over the trading session were good, with the exception of pending home […]
Read moreThe euro today rallied higher against the US dollar following the release of upbeat Eurozone inflation data, which came in close to the European Central Bank‘s inflation target. The single currency was further boosted by the decision by Italian political parties to form a government instead of opting for fresh elections. The EUR/USD currency pair today rallied to a high of 1.1724 from a low of 1.1648 gaining over 70 points, but was on a downtrend at the time of writing. […]
Read moreThe New Zealand dollar behaved in the similar manner as its Australian counterpart today, rising against some most-traded peers and falling versus others. Unlike the Aussie though, the kiwi had no positive domestic macroeconomic reports. The ANZ business confidence worsened to -27.2 in May from -23.4 in the previous month. The activity outlook fell from 17.8 to 13.6. The report said: The survey made for fairly uninspiring reading this month, with all […]
Read moreThe Australian dollar was mixed today, rising against some rivals and falling versus others. Macroeconomic data was mixed as well, giving the currency no clear direction. Private capital expenditure rose 0.4% in the March quarter from the previous three months, two times slower than analysts had predicted — 0.8%. Private sector credit rose 0.4% in April from March, matching expectations. The China Federation of Logistics and Purchasing […]
Read moreASIAN STOCKS TALKING POINTS: Asian stocks made broad gains Thursday Worries about political turmoil in Italy abated a little but remain front and centre The Euro got a little respite too Have you ever felt you’d like to know more about Bitcoin? The free DailyFX guide is for you. Asian stocks made broad gains Thursday, […]
Read moreEURUSD News and Talking Points – Euro-Zone inflation is likely to beat expectations due to higher oil prices. – EURUSD mini-rally may be impeded by chart resistance. The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, are now availableto download to help you make more informed trading decisions. EURUSD Nears Resistance, Heavyweight […]
Read moreCurrent Market Developments – Italy Fears Abate, BOC Readying for a Hike as CAD Soars After a very rocky start these to these past few days, the markets finally took a breather as Italian political fears ebbed and sentiment rebounded. On Wednesday, the populist Five Star Movement called for the Eurosceptic Savona (their candidate for […]
Read moreMarket Alert: AUD/USD, China Manufacturing PMI, Australia Capex Data The Australian Dollar was falling in morning Asia trade as sentiment soured Chinese Manufacturing PMI and local Capex data added fuel to its descent AUD/USD is showing signs that it may turn lower, negative RSI divergence Find out what retail traders Australian Dollar buy and sell […]
Read moreNIKKEI 225 TECHNICAL ANALYSIS TALKING POINTS: The Nikkei 225 remains in retreat from its most recent significant high However, its fall has found what looks like quite solid support at a key retracement level Bulls will need to act quickly, however, to try the current range top Trade all major Japanese economic data live and […]
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