Day: June 26, 2018

June 26
2018

Asian Stocks Gap Lower, Consolidate. USD/JPY Turning Lower?

Asian Stocks Talking Points: Asian shares gap lower, consolidate after US mulled limiting investment into tech firms Lack of updates on the trade war front saw restrained reaction in FX, JPY slightly up USD/JPY failed to test a key resistance line from 2017 and appears to be heading lower Find out what retail traders’ Japanese […]

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June 26
2018

DAX Price Analysis – Trump’s Trade Wars Pummel Valuations

DAX 30 News and Talking Points – Trade Wars and German Immigration – US President Trump is not backing down on trade tariffs and risk markets are getting roiled. – German Chancellor Angela Merkel has little time left to finalize her migrant plans. The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, […]

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June 26
2018

Oil Trading Forecast – OPEC and Trade Wars Will Dominate Direction

GDP, Trade Wars and OPEC – News and Talking Points – OPEC decision will eventually weigh on the price of oil. – Global growth may miss expectations if trade wars continue to rattle investor sentiment. The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, are availableto download to help you make more […]

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June 26
2018

Gold Loses Safe Haven Appeal as Trade War Boosts JPY, CHF, EUR

Trade war news and analysis: – The US China trade war continues to prompt demand for safe havens, with flows into the Japanese Yen, the Swiss Franc and the Euro. – However, one traditional safe haven, Gold, is singularly failing to benefit. Check out the IG Client Sentiment data to help you trade profitably. Trade […]

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June 26
2018

Chicago Fed National Activity Index Surprise Suggests Slower Growth in May

Talking Points: The Chicago Fed’s index fell to -0.15 in May from +0.42 in April, missing the forecasted +0.30 Forty-three indicators improved in the month’s reading while forty-two declined Employment related indicators contributed +0.13 to the index, up from +0.12 in April The index’s three-month moving average decreased to +0.18 from +0.43 Stay up to […]

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June 26
2018

Asia AM Digest: Navarro Helped S&P Bottom, Nikkei 225 May Not Fall

Current Developments – US Trade Adviser Helps Bottom Stock Route The S&P 500’s largest decline since April 6th (-1.4%) could have ended up far worse on Monday. Losses in stocks were not limited to the US, but were spread out through Asia and Europe as well. The downturn in sentiment, which followed EU retaliatory threats […]

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