The New Zealand dollar rallied today, rising for the fourth consecutive trading session against some of its rivals, including the US dollar and the euro. Analysts are not overly optimistic for the currency, though, saying that it was likely just a relief rally. Indeed, the kiwi has started a decline a month ago, therefore an upward correction was not unexpected. The current environment on the Forex market is not supportive to riskier currencies […]
Read moreASIAN STOCKS TALKING POINTS: Asian stocks were mixed into the week’s end Trade worries again dominated sentiment although some beaten down stocks still managed gains The US Dollar was steady before the key payrolls release Find out what retail foreign exchange traders make of the Australian Dollar’s prospects right now, in real time, at the […]
Read moreCrude oil price, news and analysis: – The price of US crude oil has shrugged off a demand by US President Donald Trump that OPEC cuts prices. – With concerns persisting about oil flows from Iran, further strength cannot be ruled out. Our trading forecasts for Q3 have just been published; you can find the […]
Read moreChina to Fight Against US Tariffs – Talking Points: China sees the US Tariffs, effective on Friday, to be “the first shot” of the trade war. Chinese tariffs on $34 billion US goods will be a fight back; more tit-for-tat hits are expected. The Banking and Security regulator expressed confidence in the Yuan and Chinese […]
Read moreTalking Points: US stock markets are doing pretty well at first glance However much of their pep is down to enormous, multibillion dollar share buybacks These pose some worrying questions for the bulls DailyFX Analysts have made their fundamental and technical forecasts for the third quarter, across a range of widely traded assets. Check them […]
Read moreCurrent Developments – USD Tops After FOMC Minutes The US Dollar finished Thursday’s session rather mixed having experienced losses during the first half followed by gains in the second. During the former, its weakness may have been due to broad Euro strength as the ECB increased hawkish monetary policy bets. Then, news that the US […]
Read moreJAPAN CASH EARNINGS, TALKING POINTS: Japanese labor cash earnings soared past forecasts in May However data released earlier showed a collapse in household spending The Yen made gains nonetheless Find out what retail foreign exchange traders make of the Japanese Yen’s chances right now at the DailyFX Sentiment Page The Japanese Yen strengthened on Friday […]
Read more