June 4, 2018 – The Plot

June 4
2018

[Poll] Best Winning Streak

Talking about the worst streak of Forex losses can be painful, but we learn important lessons from them. Although diverting too much of your attention to the biggest winning streaks might seem unnecessary. Additionally, focusing too much on your winning streaks can impair your judgement and induce excessive risk-taking. Similarly to the losing streaks, winning streaks can be measured using three different techniques: by number, […]

June 4
2018

GBPUSD Price Action to be Impacted by Slew of BoE Speakers

GBPUSD Analysis and News BoE speakers in focus for near-term GBP direction August rate hike seen at a 34% chance See how retail traders are positioning in GBPUSD as well as other major FX pairs on an intraday basis using the DailyFX speculative positioning data on the sentiment page. BoE Speakers in Focus for GBP […]

June 4
2018

Pound Rallies on Construction Data, Loses Gains Later

The Great Britain pound started the week strong, rallying on the back of favorable construction data. Yet by now, the currency has lost gains versus most of its major peers. The IHS Markit/CIPS UK Construction Purchasing Managers’ Index was unchanged at 52.5 in May, while forecasters had predicted a decline to 52.0. The report said: The figure was indicative of a moderate increase in total activity, albeit one that was subdued in the context of historical […]

June 4
2018

Euro Rises as Fears About European Politics Wane

The euro rallied today as fears about Europe’s political problems receded, while optimism caused by the last week’s inflation data continued to support the currency. Concerns about political turmoil calmed down as Italy got a new government after all, while the no-confidence vote in Spain resulted in a new prime minister. Experts remained worried, though, that the Italian government is populist and euro-skeptic, which is likely to cause clashes between […]

June 4
2018

US AM Digest: AUD Sees Largest Rise Since August 2017; USD Underperforms

US Market Snapshot via IG: DJIA 0.55%, Nasdaq 100 0.3%, S&P 500 0.34% Major Headlines US-China end trade talks without deal AUD Rises on Strong Data; Focus on RBA Tonight UK Construction PMI Beats Expectations at 52.5 (Exp. 52) AUD: The Australian Dollar is the clear outperformer this morning (biggest one-day gain since August 2017), […]

June 4
2018

Swiss Franc Retreats vs. Euro, Gain on Other Majors

The Swiss franc gained on some of its major peers today, including the US dollar, but fell versus the euro as concerns about European politics receded. As for news from Switzerland itself, the manufacturing Purchasing Managers’ Index released on Friday showed a drop from 63.6 to 62.4 in May, in line with market expectations. Several other reports are scheduled for the current week, including inflation data on Wednesday and the unemployment rate on Thursday. USD/CHF […]

June 4
2018

Australian Dollar Gets Boost from Retail Sales

The Australian dollar rose sharply today. Analysts explained the rally by a better-than-expected retail sales report. The Australian Bureau of Statistics reported that retail sales increased 0.4% in April from March. That is compared to the predicted increase of 0.3% and the no-change reading registered in March. This week will be eventful for the Aussie, with the Reserve Bank of Australia policy meeting and several important macroeconomic reports. AUD/USD climbed from 0.7559 to 0.7656 […]

June 4
2018

PHP, MYR & SGD Look to Sentiment, USD/IDR Falling – ASEAN Weekly

ASEAN Outlook Talking Points: Indonesian Rupiah put in a comeback versus the US Dollar as anticipated ASEAN bloc currencies like PHP, MYR and SGD look to risk trends ahead USD/IDR is making downside progress amidst Bank of Indonesia rate hikes Trade all the major global economic data live and interactive at the DailyFX Webinars. We’d […]

June 4
2018

Gold Price Remains Stuck in a Downtrend

Gold Price News and Analysis – Gold’s outlook remains negative as US yields inch higher. – Little in the way of technical or fundamental drivers. The new DailyFX Q2 Gold Forecast is now available to help traders navigate the market. The latest IG Retail Sentiment Indicatorshows that traders are 80.4% net-long of the precious metal […]

June 4
2018

Trade Wars and Italian Political Concerns Sees Eurozone Investor Confidence at October 2016 Lows

EUR Analysis and Talking Points Eurozone Sentix falls to the lowest level since October 2016 Investor morale deteriorates amid concerns over US trade policies and Italian politics. See our Q2 EUR forecast to learn what will drive the currency through the quarter. Trade Wars and Italian Politics Weigh on Investor Morale Eurozone Sentix Investor Confidence […]

Day: June 4, 2018