Day: June 27, 2018

June 27
2018

US AM Digest: USD Edges Higher as Trump Delivers Less Harsh Chinese Measures

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 […]

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June 27
2018

US Dollar Rises as Trump Avoids Harshest Measures on China

The 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 […]

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June 27
2018

US Dollar Rises as Trump Avoids Harshest Measures on China

The 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 […]

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June 27
2018

Asian Stocks Mixed As Trade Drags. Firmer Oil Boosts Energy Names

ASIAN 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 […]

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June 27
2018

EURUSD Price Forecast – Euro Sellers Taking Back Control

EURUSD – 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 […]

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June 27
2018

Asia AM Digest: Crude Oil Prices and USD Rally, Stocks May Gain

Current 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 […]

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June 27
2018

New Zealand Dollar Gains On Export Strength, RBNZ In Focus

NEW 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 […]

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June 27
2018

Australian Dollar Weakens Despite Strong Chinese Industrial Profits

AUSTRALIAN 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 […]

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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 […]

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