June 18, 2018 – The Plot

June 18
2018

Interview with Alex Melkumyants from AMarkets

AMarkets (known as AForex before 2015) is one of the oldest “classic” MetaTrader brokers. By combining high leverage, low starting minimum, great variety of trading instruments, and multiple electronic deposit/withdraw methods, such brokers were aplenty in late 2000’s. Few have survived to our time though. AMarkets demonstrated the ability to evolve with traders’ changing preferences. Currently, the broker looks to expand its services in previously underserved parts of the world. […]

June 18
2018

Ripple (XRP) Chart Remains Negative; Little Technical Support

Ripple Price, Analysis and Chart – The question of Ripple’s regulatory status continues to fuel the bear’s case. – Technical support becoming weak with little in the way of a full re-trace back to $0.20. IG Client Sentimentshows clients remain heavily long XRP and are further net-long than last week giving us a stronger bearish […]

June 18
2018

EURNOK Downtrend Intact Amid Norges Bank Rate Decision

EURNOK Analysis and Talking Points Pressure on EUR NOK continues with widening Monetary Policy Divergence Hawkish stance from Norges Bank to be maintained See our Q2 FX forecast to learn what will drive the EUR, NOK currency through the quarter. How EURNOK will be impacted by Monetary Policy Divergence Last week, the ECB announced its […]

June 18
2018

UK Market Webinar: BoE’s Carney Speech, Brexit Schisms

The House of Lords and the House of Commons will debate the EU Withdrawal Bill amendments and a loss for PM Theresa May will amplify calls for a new government. The Bank of England will leave monetary policy unchanged on Thursday. If you missed this webinar and would like to know about future events, you […]

June 18
2018

US AM Digest: Oil Rises as OPEC Signal Output Hike at Lower End of Expectations

US Market Snapshot via IG: DJIA -0.8%, Nasdaq 100 -0.8%, S&P 500 -0.7% Major Headlines OPEC is said to discuss an output hike of 300-600k bpd – sources China announced retaliatory tariffs on the US worth $50bln and considers tariffs on oil Crude oil: Initial spike higher in Brent crude after OPEC source reports noted […]

June 18
2018

NZ Dollar Robust Despite Worsening Economic Outlook

The New Zealand dollar gained on its most-traded rivals today, though not on the extremely strong euro. Such good performance was surprising, considering the risk-off market sentiment and the worsening outlook for New Zealand’s economic growth. The NZ Institute of Economic Research released its Consensus Forecast today. The NZIER revised the forecast for New Zealand’s economic growth in 2018 from 2.9% to 2.8%. The next couple of years also received negative revisions, […]

June 18
2018

Japanese Yen Strong on Risk Aversion

The Japanese yen was relatively strong today due to risk aversion caused by the US-China trade war. Surprisingly poor domestic macroeconomic data had limited impact on the currency. Japan’s trade balance turned from a surplus of Â¥0.45 trillion in April to a deficit of Â¥0.3 trillion in May. That was a total surprise to analysts, who were counting on an excess of Â¥0.14 trillion. Markets were nervous at the start of the week amid fears of trade wars […]

June 18
2018

Pessimistic Economic Outlook Weighs on Pound

The Great Britain pound was soft today due to the pessimistic economic outlook for the United Kingdom. Decent macroeconomic data was unable to rescue the currency. The Rightmove House Price Index rose 0.4% in June, month-on-month, after increasing 0.8% in May. Prices for newly-marketed property reached a new record for the third consecutive month. Meanwhile, the British Chamber of Commerce revised its economic growth forecast for the UK economy to 1.3% in 2018 from 1.4% […]

June 18
2018

USD Rise, Trade War Fears to Hurt MYR, SGD, PHP – ASEAN Weekly

ASEAN Outlook Talking Points: A hawkish Fed took its toll on PHP, IDR, SGD and MYR as USD rose last week ASEAN bloc currencies are vulnerable to escalating trade war fears on US/China USD/SGD bulls be careful as the recent break above resistance could be at risk Trade all the major global economic data live […]

June 18
2018

Asian Stocks Wilt As Trade Worries ReEmerge, USD Holds Up

ASIAN STOCKS TALKING POINTS: Most Asian stocks slipped into the red, with the exception of the ASX 200 Trade worries sapped risk appetite to some extent Japanese trade data actually came in quite strongly Join our analysts for live coverage of all major Asia Pacific economic data at the DailyFX Webinars Asian stocks were mostly […]

Day: June 18, 2018