Day: June 20, 2018

June 20
2018

Most Asian Shares Rise, Sentiment Better. ASX 200 Tests Breakout

Asian Stocks Talking Points: Most Asian shares recover as trade war worries settled down, anti-risk Yen fell Next, markets eye a central bank panel with commentary from important officials ASX 200 is testing a breakout, opening the door to a resumption of its uptrend Just getting started trading equities? See our beginners’ guide for FX […]

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June 20
2018

GBPUSD Forecast: Sterling Sell-Off Nears Critical Support

GBPUSD Prices, News and Analysis Fibonacci retracement may support GBPUSD in the short-term. Brexit risks remain as EU Withdrawal Bill vote nears. US dollar probing fresh multi-month highs. IG Client Sentiment data show that retail traders are long of GBPUSD and have remained long of the pair since April 20 when GBPUSD traded around 1.42300. […]

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June 20
2018

US Crude Oil Price May Rise as OPEC Struggles to Reach Agreement

Crude oil price news and analysis: – OPEC meets in Vienna on Friday and an agreement to increase output is in jeopardy. – That is potentially positive for crude oil prices. Check out the IG Client Sentiment data to help you trade profitably. OPEC output deal in doubt The Organization of the Petroleum Exporting Countries […]

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June 20
2018

Gold Price Analysis: Risk Aversion May Slow Recent Collapse

Gold Price News and Analysis – Two-month downtrend looks ominous for gold bulls. – Risk aversion may provide a bulwark against further sharp losses. The DailyFX Q2 Gold Forecast is now available to help traders navigate the market. The latest IG Retail Sentiment Indicatorshows that traders are 84.4% net-long of the precious metal but recent […]

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June 20
2018

Demand for Safe Havens Weakens as Market Sentiment Improves

Safe haven prices, news and analysis: – Confidence is returning to financial markets, lessening the demand for safe-haven assets. – However, the recovery is precarious and they could soon be back in favor. Check out the IG Client Sentiment data to help you trade profitably. Market sentiment picks up Indications that China’s central bank is […]

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June 20
2018

BoE Interest Rate Decision: Mixed Data to Prompt Wait and See Approach

GBP Analysis and Talking Points BoE to keeps rates unchanged amid mixed batch of economic data Focus on accompanying statement and Carney’s Mansion House speech. IG Client Positioning Sentiment states recent changes in sentiment warn that current GBPUSD price trading bias is mixed. For full client positioning click here BoE Expected to Stand Pat on […]

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June 20
2018

Asia AM Digest: Calm Waters Ahead as S&P 500 Pares Some Losses?

Current Developments – Wall Street Gaps Lower, S&P 500 Pares Some Losses Rising trade tensions between the US and China from Tuesday’s Asian trading session sent Wall Street shares gapping to the downside yet again. However, the S&P 500 pared some of its losses throughout the session and finished the day 0.40% lower. Trade war […]

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