July 10, 2018 – The Plot

July 10
2018

UK Data Supports BoE Rate Hike, UK Politics Does Not

GBPUSD Analysis and News UK GDP shows growth continues to pick Brexit Uncertainty amid political disarray weighs on Sterling For a more in-depth analysis on Sterling, check out the Q3 Forecast for GBP/USD UK Economy Picks up After Q1 Slowdown The UK economy continued to pick up in May after the slowdown seen in Q1 […]

July 10
2018

Market Sentiment Improves, Risk Appetite Rises | Webinar

Market sentiment news and analysis: Trader confidence is growing, boosting demand for riskier assets at the expense of those seen as safe havens. That means more money is flowing into the stock markets, while the Japanese Yen and the Swiss Franc are relatively subdued. Our trading forecasts for Q3 have just been published; you can […]

July 10
2018

US AM Digest: EUR Dips on ZEW Survey, GBP Hampered by Soft Output Data

US Market Snapshot via IG: DJIA 0.3 %, Nasdaq 100 0.2%, S&P 500 0.2% Major Headlines German ZEW Survey hits 6 year low on trade war concerns UK Monthly GDP prints in line with expectations, output data disappoints For a more in-depth analysis on FX, check out the brand new Q3 Forecast EUR: Among the […]

July 10
2018

NZD/USD Focuses on Risk Trends After Credit Spending Data

Talking Points: New Zealand Dollar rose after local credit card spending beat NZD mirrored market sentiment as global stocks posted gains The currency pair eyes risk trends and CPI data for next move Find out what retail traders’ New Zealand Dollar buy and sell decisions say about the coming price trend! The New Zealand Dollar […]

July 10
2018

Most Asian Shares Rise, Uninterrupted by Lack of Trade War News

Asian Stocks Talking Points: Most Asian shares follow rise in Europe and in the US as anticipated Lack of trade war updates saw AUD, NZD gain. The anti-risk Yen fell USD/JPY could be heading for its highest close since mid-January Find out what retail traders’ Yen and equities buy and sell decisions say about the […]

July 10
2018

Crude Oil Prices Losing Upside Momentum, Gold Tests Resistance

Crude Oil & Gold Talking Points: Gold prices pared gains as USD rose amidst GBP weakness on Brexit news Crude oil prices are running out of upside momentum, hinting at losses next Near-term resistance at 1,258 seems to be keeping gold at bay, can it hold? Find out what retail traders’ gold buy and sell […]

July 10
2018

GBPUSD Price Recovery Likely as UK Political Fears Subside

GBP price, news and analysis: The British Pound fell sharply Monday as two senior UK government ministers resigned over Brexit. However, the GBPUSD price has rallied since then and its rebound could well continue. Our trading forecasts for Q3 have just been published; you can find the GBP guide here. And check out the IG […]

July 10
2018

Asia AM Digest: Stocks Brush off Brexit Unease, More Gains Next?

US Session Recap – GBP Down as UK Foreign Secretary Boris Johnson Resigns As anticipated, the gap higher in the British Pound as this week began was pared as political uncertainty in the UK dampened appeal for the local unit. Sterling took a dive during the second half of the day as Foreign Secretary Boris […]

July 10
2018

Australian Dollar Inches Lower After Business Confidence, China CPI

Australian Dollar Talking Points: Australian business confidence was unchanged in June However firms; assessment of current conditions improved Retail continues to lag Find out what retail foreign exchange traders make of the Australian Dollar’s chances right now at the DailyFX Sentiment Page. The Australian Dollar didn’t move far on Tuesday following data from both its […]

Day: July 10, 2018