Day: July 2, 2018

July 2
2018

UK Market Look Ahead: FTSE, GBPUSD, EURGBP | Webinar

The Brand New DailyFX Third Quarter Forecasts are now live including a fresh look at GBP. The Back End of the Week Will Provide Sterling Clarity BoE governor Mark Carney may reveal the central bank’s latest thoughts on the UK economy when he speaks at a regional visit to the North East on Thursday with […]

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July 2
2018

US AM Digest: USD Acts as Safe Haven, EUR Down on German Politics

US Market Snapshot via IG: DJIA -0.6%, Nasdaq 100 -0.7%, S&P 500 -0.6% Major Headlines CSU Leader offers to resign amid row over migration deal UK Manufacturing PMI 54.4 vs. Exp. 54 President Trump slams OPEC for high oil prices Check out our new Fundamental and Technical Q3 forecast guide for GBPUSD EUR: Political uncertainty […]

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July 2
2018

Good Manufacturing PMI Unable to Prevent Sterling from Falling

The Great Britain pound fell today despite the manufacturing data that was above expectations. Traders were still concerned that the United Kingdom and the European Union may not reach a Brexit deal before the UK officially severs ties with the EU. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index rose a bit to 54.4 in June from 54.3 in May (revised negatively from the original reading of 54.4). […]

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July 2
2018

Good Manufacturing PMI Unable to Prevent Sterling from Falling

The Great Britain pound fell today despite the manufacturing data that was above expectations. Traders were still concerned that the United Kingdom and the European Union may not reach a Brexit deal before the UK officially severs ties with the EU. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index rose a bit to 54.4 in June from 54.3 in May (revised negatively from the original reading of 54.4). […]

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July 2
2018

Australian Dollar Trades Weakest on Monday

The Australian dollar was the weakest currency on the Forex market during the current trading session, falling against all other most-traded rivals. The most likely reason for that was the persisting fears of trade wars between the United States and their trading partners. Macroeconomic releases on the weekend and Monday were mixed, giving the currency no reason to go in one direction or the other. The Manufacturing Index released by Australia Industry Group fell from 57.5 […]

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July 2
2018

Australian Dollar Trades Weakest on Monday

The Australian dollar was the weakest currency on the Forex market during the current trading session, falling against all other most-traded rivals. The most likely reason for that was the persisting fears of trade wars between the United States and their trading partners. Macroeconomic releases on the weekend and Monday were mixed, giving the currency no reason to go in one direction or the other. The Manufacturing Index released by Australia Industry Group fell from 57.5 […]

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July 2
2018

Japanese Yen Strong Despite Mixed Tankan Survey

The Japanese yen was rather strong today despite a mixed Tankan survey. The currency fell against the US dollar, though, which was also very strong on Monday. The Tankan Manufacturing Index fell from 24 in the March quarter to 21 in the June quarter, below the average forecast of 22. At the same time, the Tankan Non-Manufacturing Index rose from 23 to 24, whereas experts had predicted no change. Meanwhile, trade wars […]

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July 2
2018

Japanese Yen Strong Despite Mixed Tankan Survey

The Japanese yen was rather strong today despite a mixed Tankan survey. The currency fell against the US dollar, though, which was also very strong on Monday. The Tankan Manufacturing Index fell from 24 in the March quarter to 21 in the June quarter, below the average forecast of 22. At the same time, the Tankan Non-Manufacturing Index rose from 23 to 24, whereas experts had predicted no change. Meanwhile, trade wars […]

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July 2
2018

Asian Stocks Mostly Lower As Threatened US/China Tariffs Loom

ASIAN STOCKS TALKING POINTS: Asian stocks were broadly lower on Monday The approach of trade barriers between the US and China saw investors cautious The US Dollar gained, as did Mexico’s Peso Find out what the #1 mistake that traders make is and how you can fix it! Asian stocks mostly took a beating Monday […]

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July 2
2018

EURUSD Latest: Euro Under Pressure From German Fallout, Trade Wars

EURUSD News and Talking Points – German coalition government rattled further and may not survive. – US President Trump see leverage in automobile tariffs. The Brand New DailyFX Q3 Trading Forecasts for all major currencies, commodities and indices, are now available to download to help you make more informed trading decisions. EURUSD to Move Lower […]

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