Day: June 27, 2018

June 27
2018

Pound Drops, Manages to Recover Against Some Rivals

The Great Britain pound fell against its major rivals today, though currently the sterling managed to erase losses against some of them. The possible reasons for the decline were the strength of the US dollar and the dovish Financial Stability Report. The Nationwide House Price Index rose 0.5% in June. While it seemed a decent enough reading, especially compared to the predicted increase by just 0.3% and the drop by 0.2% logged in May, experts pointed out […]

Read more
June 27
2018

Pound Drops, Manages to Recover Against Some Rivals

The Great Britain pound fell against its major rivals today, though currently the sterling managed to erase losses against some of them. The possible reasons for the decline were the strength of the US dollar and the dovish Financial Stability Report. The Nationwide House Price Index rose 0.5% in June. While it seemed a decent enough reading, especially compared to the predicted increase by just 0.3% and the drop by 0.2% logged in May, experts pointed out […]

Read more
June 27
2018

New Zealand Dollar Falls After Economic Data, Ahead of RBNZ

The New Zealand dollar fell against its most-traded peers today following the mixed macroeconomic reports and ahead of the central bank’s policy meeting. The New Zealand trade balance increased to NZ$294 million in May from NZ$193 million in April (revised negatively from NZ$263 million). That is instead of a decline to NZ$100 million predicted by economists. The ANZ Business Confidence worsened to -39.0 in June from -27.2 in May. The report commented on the result: […]

Read more
June 27
2018

New Zealand Dollar Falls After Economic Data, Ahead of RBNZ

The New Zealand dollar fell against its most-traded peers today following the mixed macroeconomic reports and ahead of the central bank’s policy meeting. The New Zealand trade balance increased to NZ$294 million in May from NZ$193 million in April (revised negatively from NZ$263 million). That is instead of a decline to NZ$100 million predicted by economists. The ANZ Business Confidence worsened to -39.0 in June from -27.2 in May. The report commented on the result: […]

Read more
June 27
2018

EUR/USD Declines for Second Day As Trade War Fears Persist

EUR/USD declined for the second consecutive session today even after US President Donald Trump avoided imposing the harshest possible measures against China in the escalating trade war. While markets responded positively to the news, there were concerns that investment curb will touch not just China, but other countries as well, including European ones. US data released today was mixed, meaning it did little […]

Read more
June 27
2018

EUR and FTSE MIB Unfazed as Italian Confidence Stabilises

EURUSD Analysis and Talking Points Italian Consumer and Business Confidence Stabilises Amid Reduced Political Uncertainty French Consumer Confidence Falls to Lowest in 2yrs Italian Consumer and Business Confidence Stabilises The Euro and FTSE MIB were largely unmoved following the release of the latest Italian consumer and business confidence surveys. With regard to the consumer survey, […]

Read more
June 27
2018

EURJPY Vulnerable on German Politics, Risk-Off Sentiment

EURJPY news, prices and analysis: – The EURJPY cross could come under increasing pressure in the coming days. – The Euro is struggling with a fractious political situation in Germany while the Yen is benefiting from risk-averse sentiment in the markets. Check out the IG Client Sentiment data to help you trade profitably. German politics […]

Read more
June 27
2018

US Crude Oil Price Strength Shows No Sign of Ebbing

Crude oil price, news and analysis: – US President Donald Trump is calling on other countries to end their imports of crude oil from Iran. – Meanwhile, US crude oil inventories are falling and the combination could boost the price of crude oil further. Check out the IG Client Sentiment data to help you trade […]

Read more
June 27
2018

Ripple (XRP) Analysis: Longs Lose 50% in Two Months

Ripple Price, Analysis and Chart – A tortuous grind lower with further losses expected. – Retail remain heavily long XRP from much higher levels. Ripple (XRP) – Losses Continue to Rack-Up The third-largest crypto token by market capitalization continues to leak lower and changes hands at levels last seen nearly three months ago. After rallying […]

Read more
June 27
2018

Bitcoin, Ether, Ripple Webinar: Markets Falling, Hodlers Hurting

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) News and Talking Points – Little news but the market sheds around $30 billion. – Two-month losses of around 50% are commonplace. IG Client Sentimentshows how clients are currently positioned in a wide range of cryptocurrencies and how positioning has changed over the last week- and cryptos are overwhelmingly […]

Read more