Day: July 11, 2018

July 11
2018

EUR/USD Trades Mostly Unfazed by US Macro Indicators

The EUR/USD currency pair has experienced some intraday volatility during the early European trading session, but mostly ignored the US fundamentals, which were rather good. The euro is trading just below its open level against the US dollar now. US PPI increased by 0.3% in June on a seasonally adjusted basis, going faster than 0.2% gain predicted by markets, but well below the May’s pace of 0.5%. […]

Read more
July 11
2018

NATO Meeting Ends With US Allies Promise to Reach Spending Target

Talking Points: NATO Secretary General Stoltenberg agreed uneven spending exists within the alliance US President Donald Trump informally proposed members spend 4% of GDP up from 2% Currently, only 5 of 29 members meet the 2% GDP guideline President Trump questioned energy imports from Russia by NATO members Gain insight on market moving events from […]

Read more
July 11
2018

Canadian Dollar Rallies on Hawkish BoC Rate Hike, Later Trims Gains

The Canadian dollar today appreciated against its American counterpart after the Bank of Canada‘s interest rate decision, which was widely anticipated. The loonie’s rally served to drive the USD/CAD currency pair to fresh 2-day lows even as the BoC hinted at a hawkish stance on future monetary policy decisions. The USD/CAD currency pair today dropped from a high of 1.3174 to a low of 1.3097 following the BoC announcement. The currency pair headed lower after […]

Read more
July 11
2018

Canadian Dollar Rallies on Hawkish BoC Rate Hike, Later Trims Gains

The Canadian dollar today appreciated against its American counterpart after the Bank of Canada‘s interest rate decision, which was widely anticipated. The loonie’s rally served to drive the USD/CAD currency pair to fresh 2-day lows even as the BoC hinted at a hawkish stance on future monetary policy decisions. The USD/CAD currency pair today dropped from a high of 1.3174 to a low of 1.3097 following the BoC announcement. The currency pair headed lower after […]

Read more
July 11
2018

EUR/USD Trades Mostly Unfazed by US Macro Indicators

The EUR/USD currency pair has experienced some intraday volatility during the early European trading session, but mostly ignored the US fundamentals, which were rather good. The euro is trading just below its open level against the US dollar now. US PPI increased by 0.3% in June on a seasonally adjusted basis, going faster than 0.2% gain predicted by markets, but well below the May’s pace of 0.5%. […]

Read more
July 11
2018

US-China Trade War Accelerates, Prompts Only Limited Risk Aversion

US-China trade war headlines: The US has threatened 10% tariffs on $200 billion of Chinese imports; China has warned it will respond. That has led to a flow of funds into safe havens from risky assets. However, the movement has been modest, implying that trader confidence remains relatively buoyant and that the downside for ‘risk […]

Read more
July 11
2018

Gold Price Analysis: Support Must Hold to Prime Further Gains

Gold Price News and Analysis Gold respecting support for now as political risk returns. Renewed US dollar strength may weigh on any rally. The DailyFX Q3 Gold Forecast is now available to help traders navigate the market. The latest IG Retail Sentiment Indicatorshows that traders are 88.5% net-long of the precious metal but recent changes […]

Read more
July 11
2018

AUDUSD Bears Eye 2018 Lows Amid Escalating US-China Trade War

AUD Analysis and News AustralianDollar sells off after the Trump administration announces $200bln worth of tariffs AUDbears look to make a move towards the 2018 Our trading forecasts for Q3 have just been published; you can find them here. President Trump Fires Another Round of Tariffs Overnight, the Trump administration stated that they will impose […]

Read more
July 11
2018

GBPUSD In Focus Ahead of Keynote Speech by Carney

GBPUSD price, news and analysis: A speech by Bank of England Governor Mark Carney today will likely determine the near-term direction of GBPUSD. He is due to talk at 1535 GMT in Cambridge, Massachusetts and markets will be listening out for hints on whether UK interest rates will be increased next month. Our trading forecasts […]

Read more
July 11
2018

US AM Digest: AUD Dented by Trade War, EUR up on ECB Sources

US Market Snapshot via IG: DJIA 0.8 %, Nasdaq 100 0.8%, S&P 500 0.7% Major Headlines US President Donald Trump announced new tariffs on $200 billion worth of Chinese goods ECB divided on timing of first rate hike – sources US PPI rises at the fastest pace in since 2011 For a more in-depth analysis […]

Read more