Day: June 28, 2018

June 28
2018

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 28
2018

Euro Declines on Weak German CPI and US GDP Data, Later Recovers

The euro today retraced most of its gains against the US dollar following the release of German CPI data in the mid-European session. The EUR/USD currency pair headed lower after several releases from the US docket such as the initial jobless claims data did not meet expectations. The EUR/USD currency pair today rallied from a low of 1.1526 to a high of 1.1600 before heading lower following the German and US releases. The currency pair […]

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June 28
2018

Euro Declines on Weak German CPI and US GDP Data, Later Recovers

The euro today retraced most of its gains against the US dollar following the release of German CPI data in the mid-European session. The EUR/USD currency pair headed lower after several releases from the US docket such as the initial jobless claims data did not meet expectations. The EUR/USD currency pair today rallied from a low of 1.1526 to a high of 1.1600 before heading lower following the German and US releases. The currency pair […]

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June 28
2018

Asian Stocks Mixed As Trade Woes Simmer On, US GDP Coming Up

ASIAN STOCKS TALKING POINTS Asian stocks were mixed again US trade relations with China continue to occupy investors The Reserve Bank of New Zealand left interest rates alone as expected Join our analysts for live coverage all major Asia Pacific economic data, including Japan’s unemployment numbers on Friday, at the DailyFX Webinars Asian stocks were […]

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June 28
2018

GBPUSD Price Analysis: King Dollar Running the Show

GBPUSD Prices, News and Analysis Sterling hits a multi-month low against a resurgent US dollar. Technical analysis sees 1.27780 hove into view. IG Client Sentimentshows 73.8% of traders are net-long with the ratio of traders long to short at 2.82 to 1 – giving us a strong bearish contrarian trading bias. GBPUSD Price Action Driven […]

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June 28
2018

Ethereum Analysis: Sub-$400 Beckons if Downtrend Remains Intact

Ethereum – Updated Price Analysis and Chart – The cryptocurrency space remains heavy with tokens struggling to make any upside in a low volume market. – ETH may retest the $360-$400 zone if the current bearish sentiment continues. IG Client Sentimentshows retail clients are 92.2% net-long of ETH but recent positional changes give us a […]

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June 28
2018

EURUSD Price at Risk of Further Heavy Fall

EURUSD price, news and analysis: – EURUSD is in danger of major losses as German Chancellor Angela Merkel faces a tough political battle over migration. – At the same time, the EURUSD price chart shows the pair at a key support level; if it breaks, further downside will beckon. Check out the IG Client Sentiment […]

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June 28
2018

EUR on Backfoot as Easing German Inflation Reinforces ECB Caution

EUR Analysis and Talking Points Easing German Inflation keeps Euro under pressure Eurozone economic sentiment slips amid rising trade war uncertainty. Easing German Inflation Reinforces ECB Caution The Euro remains under pressure as the USD regains its allure, alongside this, a slew of regional German inflation figures have shown both the M/M and Y/Y readings […]

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June 28
2018

Trump Takes Aim at Harley Davidson for Trade War Production Plans

Talking Points: The US motorcycle manufacturer has faced criticism from consumers and the President alike Shares of Harley Davidson have lost 25% since the beginning of the Trump administration The ‘Hog’-producer is one of many US companies that have faced criticism over plans to move production Stay up to date with important economic data with […]

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June 28
2018

RBNZ Holds at 1.75 Percent As Expected, Frets About Trade Wars

Talking Points: The RBNZ last changed its Official Cash Rate in November 2016, lowering it 25 basis points to 1.75% The New Zealand Dollar suffered significant losses to the greenback ahead of the rate decision No change is anticipated at their next decision in August, but it brought up concerns on trade wars Stay up […]

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