Day: June 26, 2018

June 26
2018

EUR/USD Declines Under Weight of Trade War Fears

EUR/USD declined today as the threat of trade wars continued to weigh on markets. Today’s US data did not provide a direction to the currency pair because it was mixed. The housing and consumer confidence reports were underwhelming, while the manufacturing data was surprisingly good. S&P/Case-Shiller home price index rose 6.6% in April, year-on-year, missing the average estimate of 6.9% and slowing from the previous month’s 6.7% rate of growth. Month-on-month, the index […]

Read more
June 26
2018

GBP Sellers Welcome Incoming Dovish BoE Rate Setter

GBPUSD Analysis and News Sterling Falls as Incoming BoE Haskel leans to Dovish Spectrum Focus on Carney and Recent Hawkish Dissenter Haldane See how retail traders are positioning in GBPUSD as well as other major FX pairs on an intraday basis using the DailyFX speculative positioning data on the sentiment page. GBP Falls as Incoming […]

Read more
June 26
2018

Market Sentiment Deteriorates, Havens In Demand | Webinar

Market news and analysis: – The markets are currently in a ‘risk off’ mood but movements so far have been modest. – With trade wars still denting confidence, the appetite for riskier assets will likely remain subdued. Check out the IG Client Sentiment data to help you trade profitably. Trader sentiment weakens Traders in the […]

Read more
June 26
2018

US AM Digest: JPY up on Safe Haven Bid, GBP Dips on Incoming BoE Member

US Market Snapshot via IG: DJIA 0.1%, Nasdaq 100 0.5%, S&P 500 0.2% Major Headlines Shanghai Composite falls into bear market territory Incoming BoE member tilts to the dovish side JPY: Yet again the uncertainty surrounding trade wars continues to see the JPY outperform across the board on safe haven flow amid the fallout seen […]

Read more
June 26
2018

US Consumer Confidence Eases Amid Rising Trade War Tensions | Webinar

USD Analysis and Talking Points US Consumer Confidence Dips in June Given Rising Trade Tensions USD sees Muted Reaction following Release US Consumer Confidence Remains at Historically High Levels The US Consumer Confidence Index missed expectations having fallen to 126.4 in June from 128.8. However, the Conference Board highlighted that current conditions were largely unchanged, […]

Read more
June 26
2018

EUR/USD Declines Under Weight of Trade War Fears

EUR/USD declined today as the threat of trade wars continued to weigh on markets. Today’s US data did not provide a direction to the currency pair because it was mixed. The housing and consumer confidence reports were underwhelming, while the manufacturing data was surprisingly good. S&P/Case-Shiller home price index rose 6.6% in April, year-on-year, missing the average estimate of 6.9% and slowing from the previous month’s 6.7% rate of growth. Month-on-month, the index […]

Read more
June 26
2018

British Pound Falls on the BoE’s Newest Member’s Dovish Speech

The Sterling pound today fell to new lows against the US dollar following a dovish speech by the Bank of England‘s newest member Jonathan Haskel at his appointment hearing before the UK Parliament. Haskel’s comments coupled with renewed US dollar demand served to trigger the selling of the pound given that Haskel is replacing a hawkish BoE member. The GBP/USD currency pair today declined from a high of 1.3292 to a low of 1.3207, but […]

Read more
June 26
2018

British Pound Falls on the BoE’s Newest Member’s Dovish Speech

The Sterling pound today fell to new lows against the US dollar following a dovish speech by the Bank of England‘s newest member Jonathan Haskel at his appointment hearing before the UK Parliament. Haskel’s comments coupled with renewed US dollar demand served to trigger the selling of the pound given that Haskel is replacing a hawkish BoE member. The GBP/USD currency pair today declined from a high of 1.3292 to a low of 1.3207, but […]

Read more
June 26
2018

Yen Continues to Get Boost from Trade War Fears, Ignores Soft Inflation

The Japanese yen gained on its major rivals today despite somewhat soft inflation print that came out in Japan during the Asian trading session. The major supporting factor for the currency remained fears of trade wars. The Bank of Japan core Consumer Price Index rose 0.5% in May, year-on-year, the same as in April. Analysts had expected inflation to accelerate to 0.6%. The Services Producer Price Index rose 1.0% in May, year-on-year, also […]

Read more
June 26
2018

Yen Continues to Get Boost from Trade War Fears, Ignores Soft Inflation

The Japanese yen gained on its major rivals today despite somewhat soft inflation print that came out in Japan during the Asian trading session. The major supporting factor for the currency remained fears of trade wars. The Bank of Japan core Consumer Price Index rose 0.5% in May, year-on-year, the same as in April. Analysts had expected inflation to accelerate to 0.6%. The Services Producer Price Index rose 1.0% in May, year-on-year, also […]

Read more