US Market Snapshot via IG: DJIA 0.2%, Nasdaq 100 0.3%, S&P 500 0.2% Major Headlines President Trump backs off imposing restrictions on Chinese investment CNY continues its free fall, now at lowest since 2017 WTI Crude finds another boost from largest API crude stock drawdown since 2016 USD: The US Dollar alongside equities pushed to […]
Read moreThe US dollar today rallied higher against its main trading partners as news emerged that President Donald Trump‘s administration would not be pursuing the harshest measures against China. Several positive releases from the US docket such as the advance goods trade balance also served to strengthen the greenback in the early American session. The US dollar today gained against its main trading peers as tracked by the US Dollar […]
Read moreThe US dollar today rallied higher against its main trading partners as news emerged that President Donald Trump‘s administration would not be pursuing the harshest measures against China. Several positive releases from the US docket such as the advance goods trade balance also served to strengthen the greenback in the early American session. The US dollar today gained against its main trading peers as tracked by the US Dollar […]
Read moreASIAN STOCKS TALKING POINTS: Asian stocks were mixed thanks to trade worries and oil price gains New Zealand exports were revealed to have put in a strong performance Chinese May industrial profits just failed to match the previous month’s vigor Get trading hints and join our analysts for live, interactive coverage of all major economic […]
Read moreEURUSD – The Main Market Points and Analysis – German politics coming to a head shortly and Chancellor Merkel is under pressure. – US-EU trade wars likely to get worse with the Automobile industry under fire. – EURUSD looking at fresh multi-month lows. As latest rebound fails. The latest IG Client Sentiment Indicator shows retail […]
Read moreCurrent Developments – Crude Oil, US Dollar Rallies The US Dollar spent most of its time on Tuesday rising against its major peers, with its appreciation picking up pace following the end of the Asian trading session. Gains were accompanied with decreasing US bond yields as stocks fell, suggesting a bid for safety given the […]
Read moreNEW ZEALAND DOLLAR, TRADE DATA TALKING POINTS: NZD/USD rose a little on strong New Zealand trade data Exports recorded their second highest value reading ever NZ is heading into probable trade squalls in good shape Find out what the #1 mistake that traders make is and how you can fix it! The New Zealand Dollar […]
Read moreAUSTRALIAN DOLLAR, CHINESE INDUSTRIAL PROFITS, TALKING POINTS: Chinese industrial profits expanded 21.1% on the year in May That was only a whisker below April’s showing The Australian Dollar slipped nonetheless Find out what retail foreign exchange traders make of the Australian Dollar’s chances right now at the DailyFX Sentiment Page The Australian Dollar slipped a […]
Read moreEUR/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 […]
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