Day: July 5, 2018

July 5
2018

EUR/USD Gets Boost from Underwhelming US Employment

EUR/USD rallied today, getting boost from worse-than-expected US employment data. Meanwhile, data in the eurozone was good. ADP employment rose by just 177k in June, missing the analysts’ average estimate of 190k. On a positive note, the May increase got a positive revision from 178k to 189k. (Event A on the chart.) Initial jobless claims rose unexpectedly from 228k to 231k last week, seasonally adjusted, instead of falling to 225k as analysts had […]

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July 5
2018

British Pound Rallies on Carney Speech, Later Declines on Brexit News

The British pound today rallied higher against the US dollar in the early European session following hawkish comments by the Bank of England Governor Mark Carney. The pound later erased all its gains in the American session following a news report that the German government was unconvinced with the UK’s latest post-Brexit Customs plan. The GBP/USD currency pair today rallied to a high of 1.3275 shortly before tumbling to a low of 1.3206 after the Brexit […]

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July 5
2018

British Pound Rallies on Carney Speech, Later Declines on Brexit News

The British pound today rallied higher against the US dollar in the early European session following hawkish comments by the Bank of England Governor Mark Carney. The pound later erased all its gains in the American session following a news report that the German government was unconvinced with the UK’s latest post-Brexit Customs plan. The GBP/USD currency pair today rallied to a high of 1.3275 shortly before tumbling to a low of 1.3206 after the Brexit […]

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July 5
2018

EUR/USD Gets Boost from Underwhelming US Employment

EUR/USD rallied today, getting boost from worse-than-expected US employment data. Meanwhile, data in the eurozone was good. ADP employment rose by just 177k in June, missing the analysts’ average estimate of 190k. On a positive note, the May increase got a positive revision from 178k to 189k. (Event A on the chart.) Initial jobless claims rose unexpectedly from 228k to 231k last week, seasonally adjusted, instead of falling to 225k as analysts had […]

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July 5
2018

DAX Analysis: Gains Accelerate on Auto Boost

DAX Analysis and News US Proposes to Stop Threats of EU Auto Tariffs DAX Led Higher by German Auto Names Auto Names Drive the DAX 30 Index Higher First signs of a slight easing of trade tensions between the US and EU have been realized following reports after market yesterday that the US has offered […]

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July 5
2018

EURUSD Breaks Above Near-Term Resistance on Rate Hike Report

EUR price, news and analysis: – Suggestions that the European Central Bank could increase Eurozone interest rates well before the end of next year is boosting EURUSD. – Technically, it has broken above near-term trendline resistance – a positive signal. Our trading forecasts for Q3 have just been published; you can find the EUR guide […]

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July 5
2018

US AM Digest: GBP Talked up by Carney, Trade Concession Hopes Buoy Stocks

US Market Snapshot via IG: DJIA 0.4%, Nasdaq 100 0.6%, S&P 500 0.4% Major Headlines US Proposes to Stop Threats of EU Auto Tariffs US ADP Misses Expectations for a 4th Straight Month Trump Slams OPEC Again to Bring Down Oil Prices USD: The USD is on the backfoot ahead of tomorrow’s tariff implementation on […]

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July 5
2018

Asia Stocks Drop as US Tariffs on China Due, Nikkei 225 May Fall

Asian Stocks Talking Points: Asian stocks mostly drop as US imposing tariffs on China look unavoidable Anti-risk Japanese Yen rose while the Australian Dollar fell, USD may rise The Nikkei 225 broke below key support and more declines could be ahead We just released our 3Q forecasts for currencies like the US Dollar in the […]

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July 5
2018

GBP Rally Possible as UK Rate Prospects and Football Boost Confidence

GBP price, news and analysis: – A further rally in GBPUSD looks possible as England progress in the football world cup and the chances of a UK rate rise next month increase. – However, this weekend’s UK government meeting on Brexit could dampen spirits. Our trading forecasts for Q3 have just been published; you can […]

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July 5
2018

Euro Gains as ECB Increases Rate Hike Bets, EUR/USD May Rise Next

Euro Talking Points: Euro prices rose as some ECB members fret over late-2019 rate hike bets Upcoming commentary from Yves Mersch could reveal more details next EUR/USD’s recent consolidation is met with fading downside momentum We just released our 3Q forecasts for currencies like the Euro in the DailyFX Trading Guides page During illiquid trading […]

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