Day: June 19, 2018

June 19
2018

EURUSD Extends on Losses After ECB Draghi’s Cautious Comments

EURUSD Analysis and Talking Points EURUSD Dips on Cautious Draghi Current Accounts Sees Significant Fall See our Q2 FX forecast to learn what will drive the Euro through the quarter Eurozone Current Accounts Falls Significantly A muted reaction seen in EUR/USD and the DAX after the Eurozone’s current account for April fell to EUR 28.4bln […]

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June 19
2018

EURUSD Forecast – The Path of Least Resistance Remains Lower

EURUSD News and Talking Points – US Treasury yields slip lower but EURUSD remains weak and looks likely to move lower. – A break below 1.15099 opens the way to further falls. The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, are now availableto download to help you make more informed trading […]

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June 19
2018

GBPUSD at Risk from Brexit Vote and Bank of England

GBPUSD news and analysis: – UK Prime Minister Theresa May faces another potentially damaging Brexit vote in Parliament Wednesday. – The Bank of England will likely keep UK interest rates unchanged this week while an increase in August is far from nailed on. – Together, those factors mean a recovery in GBPUSD is improbable. Check […]

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June 19
2018

US-China Trade War and RBA Guidance Sees AUD Plunge to 13-Month Low

Australian Dollar Analysis and News US-China Trade War Sees AUD Under Pressure RBA Omits Guidance on Interest Rate Rise For a more in-depth analysis on AUD, check out our Q2 Forecast See how retail traders are positioning in AUD as well as other major FX pairs on an intraday basis using the DailyFX speculative positioning […]

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June 19
2018

Market Sentiment Suffers as US-China Trade War Concerns Escalate

Market sentiment news and analysis: – Trader confidence has been hit by the escalating trade war between the US and China. – That has lifted haven assets like the Japanese Yen at the expense of “risk on” assets such as stocks and the Australian Dollar. – In this webinar, I look at this and other […]

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June 19
2018

Ethereum Analysis: Has ETH Found Short-Term Support at $500?

Ethereum Analysis and Talking Points – Recent rally may have further upside momentum but charts remain negative. – Retail trade data show traders remain heavily long ETH. IG Client Sentimentshows how clients are currently positioned in a wide range of cryptocurrencies and how positioning has changed over the last week – and positioning continues to […]

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June 19
2018

US AM Digest: Global Markets Tumble on Escalating Trade Tensions

US Market Snapshot via IG: DJIA -1.2%, Nasdaq 100 -1%, S&P 500 -1% Major Headlines Trump administration to look at $200bln worth of tariffs on Chinese goods RBA Minutes lean on dovish side after omitting interest rate guidance ECB’s Draghi delivers cautious statement JPY: Global markets tumbled with Chinese markets slumping near 4% and US […]

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June 19
2018

Euro Declines on Escalating Trade Tensions and Draghi Speech

The euro today declined significantly against the US dollar even as trade tensions between the USA and China escalated increasing demand for the greenback. The EUR/USD currency pair declined further in the early European session following dovish comments by the European Central Bank President regarding the timing of the bank’s first interest rate hike. The EUR/USD currency pair today declined from a high of 1.1645 to a low of 1.1534 in the early American session as the US dollar gained […]

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June 19
2018

AUD Touches Lowest Since May 2017 vs. USD

The Australian dollar dropped against other most-traded currencies today, reaching the lowest level in more than a year against the US dollar. The Aussie fell following the surge of risk aversion, mixed domestic macroeconomic data, and the release of the central bank’s policy meeting. The Reserve Bank of Australia released minutes of its June policy meeting today. Analysts were concerned that the central bank dropped the mention that the next move in interest rates […]

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June 19
2018

Swiss Franc Gains Boost from Risk Aversion & Economic Outlook

The Swiss franc gained against most other major currencies today, with the exception of the US dollar. The risk-negative market sentiment and the optimistic outlook for Switzerland’s economy helped the currency. Signs that the trade conflict between China and the United States is escalating spooked markets, making traders prefer safer currencies over riskier ones. Meanwhile, the economic forecast by the Federal Government’s Expert Group released by the State Secretariat for Economic Affairs today […]

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