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Day: June 22, 2018
June 222018
Canadian Dollar Declines on Weak Retail Sales and CPI Data
The Canadian dollar today dropped drastically against the US dollar following the release of the latest Canadian Consumer Price Index data, which missed expectations by a huge margin. The loonie’s massive drop drove the USD/CAD currency pair to new 2018 highs as it was further accelerated by the weak Canadian retail sales data also released today. The USD/CAD currency pair today rallied from a low of 1.3259 to a high of 1.3381 gaining over […]
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June 222018
Yen in Red, Ignoring Positive Data
The Japanese yen was in red against basically all other most-traded currencies today despite relatively positive domestic macroeconomic data. Some market analysts explained the weakness by rising global bond yields. Japan’s core Consumer Price Index rose 0.7% in May, year-on-year, the same as in April and within expectations. While it was nice to see inflation stabilize after two months of slowdown, the consumer price growth was still […]
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June 222018
Euro Rallies Higher on Greece Bailout Deal and Upbeat Eurozone PMIs
The euro today rallied higher against the US dollar after finance ministers from across the Eurozone reached an agreement regarding Greece’s final bailout. The euro’s rally was further complemented by the release of positive PMI data from across the Eurozone by IHS Markit and in-line French GDP data. The EUR/USD currency pair today rallied from a low of 1.1599 to a high of 1.1674 in the early European session, but was on a downtrend at the time of writing. […]
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June 222018
Asian Stocks Mixed As Trade Worries Endure, OPEC In Focus
ASIAN STOCKS TALKING POINTS: Asia Pacific share were mixed on Friday Trade worries still cloud the outlook, Japanese inflation came in weak OPEC is expected to increase production after its Vienna get together What makes the very best traders stand out from the run-of-the-mill? We’ve been looking hard at the numbers, trying to isolate the […]
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June 222018
Ripple Price Analysis: XRP Chart Set-Up Remains Negative
Ripple Price, Analysis and Chart – Technical background remains weak with lower prices likely in the days ahead. – The question of Ripple’s regulatory classification remains unanswered. Ripple Remains Weak and Further Losses are Likely Ripple CEO Brad Garlinghouse recent defense of XRP and his explanation of why it should not be classified as a […]
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June 222018
Asia AM Digest: Sentiment Turns Lower as USD Falls, Yen May Rise
Current Developments – Risk Trends Deteriorate After Consolidation, USD Falls After a couple of days of consolidation, sentiment turned for the worst on Thursday as European and American shares declined. Some newswires attributed this to Daimler AG (a German multinational auto corporation) cutting its outlook on a possible impact of tariffs on corporate profits. This […]
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June 222018
Japanese Yen Looks Past CPI for Sentiment, USD/JPY Rise Stalling?
Japanese Yen Talking Points: Japanese Yen looks past mostly in-line local inflation data for risk trends CPI remains below BoJ’s sustainable price target after outlook downgrade USD/JPY’s rise since May appears to be stalling on 2017 falling resistance Just started trading USD/JPY? Check out our beginners’ FX markets guide! After the Japanese Yen rose cautiously […]
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