Day: June 8, 2018

June 8
2018

EUR/USD Drops on Eurozone Data, Trims Losses Later

EUR/USD fell today on poor macroeconomic releases in the eurozone and concerns about potential outcome of the upcoming Group of Seven meeting, though the currency pair has managed to reduce its losses by now. As for US releases, the data was not impressive either. Wholesale inventories rose 0.1% in April. Experts had expected no change, the same as in March. (Event A on the chart.) Yesterday, a couple of reports were released (not shown on the chart): Seasonally adjusted […]

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June 8
2018

S&P 500, DAX & FTSE – Fed, ECB in Spotlight Next Week

Talking Points: FOMC expected to raise rates on Wednesday; S&P 500 sluggishly bullish ECB could be a market-mover on Thursday; DAX between support and resistance UK CPI on the docket next week, FTSE may be in for more weakness For the intermediate-term technical and fundamental outlook, check out the DailyFX Q2 Forecasts. S&P 500 Looking […]

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June 8
2018

Euro Soft After Bunch of Weak Economic Releases from Eurozone

The euro fell against its major rivals today after the release of worse-than-expected economic reports in Germany and France. Fears of trade wars were also hurting the currency. Currently, the euro has trimmed its losses but is still trading below the opening level. German industrial production fell 1.0% in April from the previous month instead of rising 0.4% as analysts had predicted. The trade balance surplus shrank to â‚¬19.4 billion […]

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June 8
2018

EUR/USD Drops on Eurozone Data, Trims Losses Later

EUR/USD fell today on poor macroeconomic releases in the eurozone and concerns about potential outcome of the upcoming Group of Seven meeting, though the currency pair has managed to reduce its losses by now. As for US releases, the data was not impressive either. Wholesale inventories rose 0.1% in April. Experts had expected no change, the same as in March. (Event A on the chart.) Yesterday, a couple of reports were released (not shown on the chart): Seasonally adjusted […]

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June 8
2018

GBP Muted as Inflation Expectations are Left Unchanged; Eyes on Next Weeks CPI

GBPUSD Analysis and News Inflation Expectations Among Public Remain Above BoE’s 2% Target GBP May Rise on Higher Than Expected Inflation For a more in-depth analysis on Sterling, check out the Q2 Forecast for GBP/USD Public Forecasts Inflation to Remain Above BoE’s 2% Target Bank of England/TNS Inflation attitudes survey for May showed that inflation […]

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June 8
2018

USD/CAD Hits Fresh Daily High after May Canadian Jobs Disappoint

Talking Points: – May Canadian jobs growth comes in at -7.5K, well below the expectation of +23.5K. – Despite the drop in jobs, the unemployment rate stayed on hold at 5.8%. – The Canadian Dollar turned lower following the data, with USD/CAD rising from 1.2979 to as high as 1.3073, at the time this report […]

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June 8
2018

Canadian Jobs Report: CAD Slips as Canadian Jobs Fall In May | Webinar

If you missed this webinar and would like to know about future events, you can see the full DailyFX webinar schedule here. Canadian Jobs Slip in May Weighing on CAD Canadian Employment Change showed a surprise decline of 7.5k against expectations of a gain of 23.5k. This had primarily been led by full time jobs […]

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June 8
2018

USD/CAD Rallies Higher on Canadian Jobs Report, Later Declines

The USD/CAD currency pair today rallied higher after the release of the Canadian employment report for May, which missed expectations by a huge margin. The currency pair later retraced most of its gains as the markets digested the positive aspects of the report, while trade concerns limited the currency pair’s upside. The USD/CAD currency pair rallied to a daily high of 1.3039 from a low of 1.2966 gaining over 70 points, but was on a downtrend at the time of writing. […]

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June 8
2018

Chinese Australian Imports Rise but AUD Does Not, May Fall Rather

Market Alert: AUD/USD, China Trade Balance, G-7 Leaders Summit Chinese Australian imports increased 22.4% y/y, but Aussie Dollar declined Fears ahead of the G-7 leaders summit concerned traders as Trump tweeted AUD/USD was unable to push above critical resistance and may head lower Find out what retail traders Australian Dollar buy and sell decisions say […]

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June 8
2018

Asian Stocks Slip On Emerging Market Worries, Fractious G7 Looms

ASIAN STOCKS TALKING POINTS: Asian stocks were lower across the region The US Dollar also retreated against the Euro Chinese trade numbers missed forecasts Find out what the #1 mistake that traders make is and how you can avoid it. Asian stocks were in broad retreat Friday afternoon as investors fretted about both emerging markets […]

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