Markets alert – The Plot

July 14
2018

S&P 500, DAX & FTSE – Outlook Shrouded in Uncertainty

Fundamental Equity Forecast: Neutral Talking Points: Powell Testimony on Tuesday; S&P 500 positive tone, but uncertain Nothing major on the data front out of Europe; DAX contending with resistance U.K. CPI on Wednesday; FTSE at risk of a decline if it can’t break resistance For forecasts, trade ideas, and educational guides, check out the DailyFX […]

July 14
2018

Yuan, Stocks May Retrace on Modest GDP, China’s Retaliation in Trade War

Fundamental Forecast for CNH: Neutral China will release the 2Q GDP and it is widely expected to slow down to 6.7% from 6.8%. China seeks to retaliate against US via non-tariff measures and collaboration with other partners. China’s securities regulators expressed confidence in equites, and may further calm markets. How to trade news? Learn with […]

July 14
2018

S&P 500, DAX & FTSE – Outlook Shrouded in Uncertainty

Fundamental Equity Forecast: Neutral Talking Points: Powell Testimony on Tuesday; S&P 500 positive tone, but uncertain Nothing major on the data front out of Europe; DAX contending with resistance U.K. CPI on Wednesday; FTSE at risk of a decline if it can’t break resistance For forecasts, trade ideas, and educational guides, check out the DailyFX […]

July 14
2018

Crude Oil Sidesteps Trade War Fears, Inventory Drawdowns Continue

Fundamental Forecast for USOIL: Bullish Talking Points: The ONE Thing: Crude oil traders witnessed a clearly bullish report as the weekly Department of Energy data showed an aggressive draw at -12.633mn barrels against the expected -3.9mn. The draw was the largest seen since September 2016. Per BHI, U.S. Oil Rig Count remains flat at 863, […]

July 13
2018

Fed Monetary Policy Report Expresses Worry Over Trade Wars

Talking Points: The Fed’s update covered a host of economic developments, but expressed concern over trade tensions It expects further gradual rate hikes to be consistent with goals Group reported low vulnerability for the financial sector, as banks begin to report earnings Believes drag on the economy from increased oil prices will be quite low […]

July 13
2018

GBPUSD Update: Sterling Hammered by Trump on Brexit

GBPUSD Price, News and Analysis Sterling roiled by US President Trump’s comments on Brexit. GBPUSD also hit by a resurgent US dollar. We have just released our Q3 Trading Forecasts for a wide range of Currencies and Commodities, including GBP and USD. GBPUSD Battered by a US President Trump – Strong Greenback Double The British […]

July 13
2018

USDJPY Technical Analysis: Overbought but Moving Higher

USDJPY Price, News and Analysis USDJPY nears a fresh year-to-date high. Technical analysis shows USDJPY overbought but retail remain short. IG Client Sentimentshows traders are further net-short USDJPY than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias. USDJPY Likely to Move Higher; […]

July 13
2018

Trade War Risk to be Offset by US Q2 Earning Season

Equity Analysis and News Optimismover US earning season could support indices S&P 500earnings growth expected to be over 20%. Technical Analysis on Dow Jones and S&P 500, click here Earning Season Begins US earning season is set to officially begin today with 4 large US banks (Citigroup, JP Morgan, Wells Fargo and PNC Financial) due […]

July 13
2018

US AM Digest: US Earning Season Begins, GBP Slides on Trump

Check out the brand new DailyFX trading forecasts for Q3 MARKET DEVELOPMENTS – GBP FALLS AS TRUMP CRITISES PM MAYS BREXIT PLAN At the last earning season, US corporate results had reached its best level in over 7 years with earnings growth of 24.8% and revenue gain of 8.7%. This trend is set to continue […]

July 13
2018

Australian Dollar Steady Despite Another Big China Trade Surplus

AUSTRALIAN DOLLAR, CHINA TRADE DATA,TALKING POINTS: China’s trade surplus expanded ahead of expectations in June However both exports and imports were weaker than forecast The Australian Dollar seems more focused on trade headlines than data, however DailyFX Analysts have produces their third quarter forecasts across a huge range of currencies. Check them out here. The […]