June 11, 2018 – The Plot

June 11
2018

NZ Dollar Rallies on Monday amid Positive Market Sentiment

The New Zealand dollar rose against its most-traded peers, though not versus the euro, today amid the positive market sentiment. Underwhelming domestic data did not deter the currency from rising. New Zealand manufacturing sales rose 0.6% in the March quarter of 2018 from the previous three months. It was a much slower rate of growth compared to 2.6% registered int the December quarter of 2017, which itself was […]

June 11
2018

GBPUSD Plunges as Factory Output Posts Largest Monthly Fall Since Oct’12

GBPUSD Analysis and News GBP Falls on Soft Factory Output Eyes on UK Wage and Inflation Figures Later in the Week For a more in-depth analysis on Sterling, check out the Q2 Forecast for GBP/USD Weekly GBPUSD Forecast here GBP Falls as Factory Output Posts Largest Monthly Decline Since October 2012 The Pound fell sharply […]

June 11
2018

GBP Faces a Challenging Week of Heavyweight Data; Brexit Vote

GBP News and Talking Points – UK Inflation and wages data key. – Government seeks to reverse 15 House of Lords amendments to the EU withdrawal bill. The IG Client Sentiment Report shows that traders are just under 70.4% long GBPUSD – a bearish contrarian signal. However, the combination of current sentiment and recent changes […]

June 11
2018

UK Market Weekly: Big Data and Brexit Vote | Webinar

While the latest FOMC and ECB rate decisions on Wednesday and Thursday respectively may hold global sway, UK data and the Brexit Withdrawal bill vote will be of more interest to GBP and FTSE traders. The latest UK data painted a picture of weak underlying Q2 growth, an unwanted headache for UK PM Theresa May […]

June 11
2018

US AM Digest: GBP Slips on Weak Data, EUR up as Italy Pledges No Euro Exit

US Market Snapshot via IG: DJIA 0.04%, Nasdaq 100 -0.1%, S&P 500 flat Major Headlines G7 Communique was backed by all countries apart from the US UK Factory Output saw its largest monthly fall since October 2012 Italian Economy Minister stated that Italy has no intention of abandoning the Euro GBP: The Pound fell sharply […]

June 11
2018

SGD, IDR Look to NK Summit & Fed. USD/PHP Rising? – ASEAN Weekly

ASEAN Outlook Talking Points: Philippine Peso and Indonesian Rupiah weakened versus the US Dollar last week ASEAN bloc currencies await this week’s Turmp/Kim summit, then a Fed rate hike USD/PHP at a new 2006 high, but confirmation would be ideal for a lasting move Trade all the major global economic data live and interactive at […]

June 11
2018

Asian Stocks Mixed As G7 Anger, Trump/Kim Summit Dominate Trade

ASIAN STOCKS TALKING POINTS: Asian stocks were mixed in a day short of local economic numbers The weekend’s angry G7 meeting clouded markets’ start The looming meet between Donald Trump and Kim Jong Un was in huge focus Find out what the #1 mistake that traders make is and how you can avoid it. Asian […]

June 11
2018

Bitcoin, Ether, Ripple Prices Slump after Korean Exchange Hack

Cryptocurrency News and Talking Points – Cryptocurrency market capitalization falls below $300 billion. – Korean exchange hack produces outsized cryptocurrency moves. IG Client Sentiment highlights how clients are currently positioned in a wide range of cryptocurrencies and how positioning has changed over the last week. Cryptocurrency Market Crumbles – Support Levels Tested South Korean cryptocurrency […]

June 11
2018

Asia AM Digest: Can Trump/Kim Summit Optimism Boost Nikkei 225?

Weekend Developments – US President Donald Trump Withdraws Support for G7 Communique FX markets are off to a rocky start at the beginning of this week’s session, reacting to this weekend’s G7 leaders summit. There, US President Donald Trump retracted US support for the final communique after initially endorsing it. The anti-risk Japanese Yen was […]

Day: June 11, 2018