US Market Snapshot via IG: DJIA 0.33%, Nasdaq 100 0.4%, S&P 500 0.3% Major Headlines ECB Plans QE Exit, but Signals Rate Hikes are Distant UK Retail Sales Sees Another Sizeable Rebound US Retail Sales Beat Analysts Estimates EUR: ECB surprised markets by announcing decision to reduce the pace of QE purchases after September 2018 […]
Read moreEuro news and analysis: – The Euro has been hit hard Thursday by the prospect of Eurozone interest rates remaining low for another year or more. – Now political concerns have emerged that could compound its problems as a split emerges within German Chancellor Angela Merkel’s conservative bloc. Check out the IG Client Sentiment data […]
Read moreEUR/USD was gradually rising today but crashed after the European Central Bank signaled that it is not going to raise interest rates this year. (Event A on the chart.) US macroeconomic indicators released in the United States afterwards were good across the board, giving no reprieve for the currency pair. Retail sales rose 0.8% in May from the previous month, two times the forecast increase of 0.4%. The April increase […]
Read moreCurrent Market Developments – USD Pares Gains on Fed Chair Jerome Powell Speech All eyes were on Wednesday’s FOMC monetary policy announcement and for the US Dollar initially, the outcome and forward guidance did not disappoint it. The greenback rose aggressively and at one point, was at its highest point since the beginning of this […]
Read moreAustralian Dollar Talking Points: Australian Dollar emerged unscathed after disappointing local employment data Discouraged workers leaving may have lowered unemployment, full time jobs fell AUD/USD may fall on the ECB rate decision as it faces rising channel support Find out what the #1 mistake that traders make is and how you can fix it! A […]
Read moreAsian Stocks Talking Points: Asian shares lower following Wednesday’s Fed rate hike, Australian Dollar down Chinese data fell short, stocks and the Euro await the ECB rate decision ahead ASX 200 is testing short-term ascending channel support. Will it resume its decline? Find out what retail traders’ Equities buy and sell decisions say about the […]
Read moreUSD/Trade War News and Talking Points – US President Trump says he may ’upset’ China on trade clampdown. – German-US rate differential in excess of 320 basis points. – ECB Press Conference may offer up EUR directional clues. The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, are now availableto download to […]
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