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Day: June 25, 2018
June 252018
Canadian Dollar Soft Under Pressure from Trade War Fears
The Canadian dollar fell against major currencies today, joining other commodity currencies in decline. The main theme on Monday was the escalating threat of trade wars between world’s major economies. Commodity currencies are usually sensitive to swings in market sentiment, and this was certainly the case lately. With signs of more and more protectionist measures from the United States and similar responses from their trading partners, risk aversion was […]
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June 252018
Canadian Dollar Soft Under Pressure from Trade War Fears
The Canadian dollar fell against major currencies today, joining other commodity currencies in decline. The main theme on Monday was the escalating threat of trade wars between world’s major economies. Commodity currencies are usually sensitive to swings in market sentiment, and this was certainly the case lately. With signs of more and more protectionist measures from the United States and similar responses from their trading partners, risk aversion was […]
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June 252018
EUR/USD Rallies After Intraday Drop
EUR/USD fell today, dragged down by fears of a trade war between the United States and the European Union as well as by mixed macroeconomic data in the eurozone. Yet the currency pair managed to bounce afterwards and remained stable after the US housing report. New home sales were at the seasonally adjusted annual rate of 689k in May, missing traders’ expectations of 665k. Meanwhile, the April figure got a negative revision from 662k to 646k. (Event A on the chart.) […]
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June 252018
Looking at Brent and WTI Crude Oil after OPEC
Take a look at the WTI and Brent crude oil prices after OPEC IG analyst, Shaun Murison, takes a look at the Brent and WTI crude oil price charts in the wake of the decision by OPEC and some non-OPEC oil producers to raise output by 1 million barrels a day. Oil markets react to […]
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June 252018
Australian Dollar Outlook Bearish on Rising Trade War Tensions
AUD Analysis and News AUD Outlook Dampened by Rising US-China Trade War Tensions AUD Short Bets at the Highest Level Since December 2015 Escalating Trade War Tensions Dampens AUD Outlook Increasing concerns over a full-blown trade war between the US and its largest trading partners (China and the EU) have been at the forefront of […]
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June 252018
DAX 30 – US Trade Fears and Auto Blues
DAX 30 News and Talking Points – Trade tariff fears continue to weigh on the DAX 30 – Daimler in US President Trump’s sight. The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, are now availableto download to help you make more informed trading decisions. DAX 30 Nearing Important Fibonacci Support The […]
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June 252018
UK Week Ahead: Brexit and Risk in Control of GBP and FTSE | Webinar
The latest ramp-up by the US in the trade disputes with China and more recently the EU has sent market participants to the sidelines with risk-off trades favored by those interested in trading. Sterling remains weak against the US dollar, but this isn’t helping the FTSE 100 which is down around 1%. EURGBP remains stuck […]
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June 252018
US AM Digest: JPY Gains Amid Heightened Trade War Uncertainty
US Market Snapshot via IG: DJIA -0.6%, Nasdaq 100 -0.7%, S&P 500 -0.4% Major Headlines President Trump announces plan to restrict Chinese Investments CFTC Data shows USD position switch to net long German business confidence falls on trade war concerns -IFO JPY:Global trade tensions continue to linger with the US drawing up plans to limit […]
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June 252018
Turkish Lira Rallies After Erdogan’s Victory in Presidential Election
The Turkish lira rallied today after victory of Recep Tayyip Erdogan in the presidential election. Erdogan’s victory in the Turkish presidential election reduced political uncertainty, making the lira a bit more appealing to investors. Market analysts argued, though, that there is a high chance that the rally will be short-lived. They pointed out that Erdogan’s presidency was the major reason for the 21% depreciation of the currency this year in the first place. […]
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June 252018
Turkish Lira Rallies After Erdogan’v Victory in Presidential Election
The Turkish lira rallied today after victory of Recep Tayyip Erdogan in the presidential election. Erdogan’s victory in the Turkish presidential election reduced political uncertainty, making the lira a bit more appealing to investors. Market analysts argued, though, that there is a high chance that the rally will be short-lived. They pointed out that Erdogan’s presidency was the major reason for the 21% depreciation of the currency this year in the first place. […]
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