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Day: June 28, 2018
June 282018
EUR/USD Logs Small Gain on Thursday
EUR/USD edged a little higher today after two sessions of losses. US economic data released during the trading session was below expectations, boosting the currency pair, though it fell sharply afterwards. Nevertheless, currently EUR/USD trades above the opening level. US GDP rose 2.0% in Q1 2018, according to the final estimate, after increasing 2.9% in Q4 2017. Analysts had expected the same 2.2% rate of growth […]
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June 282018
US Crude Oil Price Hits 3½-Year High, More Gains Expected
US crude oil price news and analysis: – The US crude oil price continues to surge and a further advance seems likely, perhaps after a short period of consolidation. – Lower inventories and developments in Canada, Libya and Iran are all pushing prices upwards. Check out the IG Client Sentiment data to help you trade […]
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June 282018
NZDJPY Selling Attractive on Dovish RBNZ and Trade Wars
NZD Analysis and News RBNZ Remain Dovish as Trade Wars Cloud Outlook NZDJPY Selling Attractive as Trade War tensions escalate A cloud of uncertainty for the RBNZ Overnight, the RBNZ announced its latest monetary policy decision, in which the central bank had been had kept the Official Cash Rate at 1.75%, while also providing a […]
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June 282018
US AM Digest: GBP Slips Ahead of EU Summit, NZD Down on Dovish RBNZ
US Market Snapshot via IG: DJIA -0.3%, Nasdaq 100 -0.1%, S&P 500 -0.1% Major Headlines German Inflation 2.1% vs. Exp. 2.1% (Prev. 2.2%) US Q1 Final GDP reading misses expectations at 2% RBNZ Remains Dovish, BoC Governor Provides Mixed Messages for July Rate Decision USD: Yet again the USD has rejected a firm move above […]
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June 282018
SNB Maintains Easing Bias, Swiss Franc Reverses Rally
The Swiss franc rallied against some of its rivals intraday but has lost its gains by now, similarly to the Japanese yen. It looks like currently traders are less interested in safe currencies. Yesterday, the Swiss National Bank released its Quarterly Bulletin. The central bank reiterated that “the currency remains highly valued,” therefore “the SNB will remain active in the foreign exchange market as necessary.” The bank noted that […]
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June 282018
SNB Maintains Easing Bias, Swiss Franc Reverses Rally
The Swiss franc rallied against some of its rivals intraday but has lost its gains by now, similarly to the Japanese yen. It looks like currently traders are less interested in safe currencies. Yesterday, the Swiss National Bank released its Quarterly Bulletin. The central bank reiterated that “the currency remains highly valued,” therefore “the SNB will remain active in the foreign exchange market as necessary.” The bank noted that […]
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June 282018
Japanese Yen Loses Gains After Retail Sales Disappoint
The Japanese yen rallied intraday during the Thursday’s trading session but has lost its gains by now. Worse-than-expected domestic retail sales data was not helping the currency. Japan’s retail sales rose 0.6% in May, year-on-year. That was a far slower pace of growth than 1.3% predicted by analysts and 1.5% registered in April. Month-on-month, sales dropped 1.7% — the biggest decline in 21 months. USD/JPY was down from […]
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June 282018
Japanese Yen Loses Gains After Retail Sales Disappoint
The Japanese yen rallied intraday during the Thursday’s trading session but has lost its gains by now. Worse-than-expected domestic retail sales data was not helping the currency. Japan’s retail sales rose 0.6% in May, year-on-year. That was a far slower pace of growth than 1.3% predicted by analysts and 1.5% registered in April. Month-on-month, sales dropped 1.7% — the biggest decline in 21 months. USD/JPY was down from […]
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June 282018
New Zealand Dollar Slumps After RBNZ Dovish Statement
The New Zealand dollar slumped today after the Reserve Bank of New Zealand released monetary policy statement that was more dovish than market participants had anticipated. The RBNZ left its main interest rate at 1.75%. Such decision was widely expected. While the central bank said that “outlook for the New Zealand economy […] remains intact,” it outlined plenty of risks. Globally, trade wars was […]
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June 282018
New Zealand Dollar Slumps After RBNZ Dovish Statement
The New Zealand dollar slumped today after the Reserve Bank of New Zealand released monetary policy statement that was more dovish than market participants had anticipated. The RBNZ left its main interest rate at 1.75%. Such decision was widely expected. While the central bank said that “outlook for the New Zealand economy […] remains intact,” it outlined plenty of risks. Globally, trade wars was […]
Read more