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Day: June 29, 2018
June 292018
Euro Holds On to Gains After EU Migration Deal Amid Strong US PCE Data
The euro today held on to its gains in the American session despite the release of strong US inflation data, which boosted the greenback. The EUR/USD currency pair has rallied significantly higher overnight after European leaders finally reached a deal on Migration at the EU Summit. The EUR/USD currency pair rallied from a low of 1.1564 to a high of 1.1666 gaining over 100 points in the Asian session and has been trading sideways since then. The currency […]
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June 292018
Euro Holds On to Gains After EU Migration Deal Amid Strong US PCE Data
The euro today held on to its gains in the American session despite the release of strong US inflation data, which boosted the greenback. The EUR/USD currency pair has rallied significantly higher overnight after European leaders finally reached a deal on Migration at the EU Summit. The EUR/USD currency pair rallied from a low of 1.1564 to a high of 1.1666 gaining over 100 points in the Asian session and has been trading sideways since then. The currency […]
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June 292018
EUR/USD Strong After EU Immigration Deal
EUR/USD jumped sharply today after the leaders of the European Union reached a deal about immigration. Strong eurozone inflation data also helped the currency pair. Meanwhile, US data was mixed. Both personal income and spending increased in May, by 0.4% and 0.2% respectively. Analysts had predicted a 0.4% rate of increase for both indicators. The April increase of income was revised from 0.3% to 0.2%. The increase of spending also got a negative […]
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June 292018
EURGBP Rally Halted; Next Move is Unclear
EURGBP Analysis and News – UK Q1 GDP beats expectations at +0.2% – Euro confused by a mix of EU Summit migrant proposals and talk that the ECB may tinker with QE re-investment. The latest IG Client Sentiment Indicator shows retail are just 28.9% long EURGBP and a combination of current sentiment and recent positional […]
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June 292018
EUR up as Eurozone Inflation hits 2% led by surge in oil prices
Euro Analysis and Talking Points Eurozone Inflation hits 2%, however, core inflation remains subdued Euro supported by month-end USD selling and EU immigration deal Eurozone Inflation hits 2%, while ECB’s preferred measure remains subdued Eurozone inflation hit the ECB’s target for the first time in more than a year, rising 2% Y/Y from 1.9% in […]
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June 292018
CAD Outlook and Near Term BoC Rate Path to be Dictated by Canadian GDP
CAD Analysis and Talking Points Canadian GDP to determine BoC July rate move Trade War tensions raises risk of BoC hold Data Dependent Bank of Canada The outlook for the Canadian Dollar and the BoC’s rate path in the near term (July meeting) will likely be dictated by the upcoming GDP figures and BoC survey, […]
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June 292018
US AM Digest: EUR Surges on Immigration Deal, CAD Gains as BoC July Rate Bets Rise
US Market Snapshot via IG: DJIA -0.3%, Nasdaq 100 -0.1%, S&P 500 -0.1% Major Headlines EU reach an 11th hour immigration deal Eurozone Inflation to highest in a year UK GDP revised higher to 0.2% vs. Prev. 0.1% Canadian GDP Prints above expectations, boosting July rate hike bets EUR: The Euro is among the outperforming […]
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June 292018
EU Deal Sends Asian Stocks Higher as EUR, USD, CAD Brace for Data
Asian Stocks Talking Points: Asian shares edge higher as EU Summit immigration deal boosts risk trends Ahead, USD, EUR and CAD could be volatile as they face key economic data Can EUR/USD hang on to its gains as it approaches near-term resistance? Find out what retail traders’ Euro buy and sell decisions say about the […]
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June 292018
EURUSD Rebound Temporary; Renewed Euro Weakness Ahead
EURUSD – Market News and Technical Analysis – EU migration deal may calm nerves in Germany – US-EU trade wars will still be a major driver of price action. – Euro upside is limited as EU interest rate hikes may not happen till 2020. The latest IG Client Sentiment Indicator shows retail are 57.9% long […]
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June 292018
Asia AM Digest: CAD Rises With Crude Oil Prices, Stocks May Gain
Current Developments – CAD Rises With Crude Oil Prices The Canadian Dollar was the best performing major on Thursday, boosted by comments from BoC’s Governor Stephen Poloz and a rise in crude oil prices. Amidst the risk of trade wars and their expected adverse impact on investment decisions, Mr. Poloz said that the economy still […]
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