Markets alert – Page 11

June 30
2018

Fed’s Favorite Inflation Indicator Hits 2% Target for the First Time in 6 Years

Talking Points: A number of inflation indicators have reached or surpassed the Fed’s 2 percent target Fed Chairman Powell has said he would not be surprised to see inflation move above 2 percent for a period In May, personal income rose 0.4 percent after gaining 0.2 percent in the prior month. Stay up to date […]

June 29
2018

EURGBP Rally Halted; Next Move is Unclear

EURGBP Analysis and News – UK Q1 GDP beats expectations at +0.2% – Euro confused by a mix of EU Summit migrant proposals and talk that the ECB may tinker with QE re-investment. The latest IG Client Sentiment Indicator shows retail are just 28.9% long EURGBP and a combination of current sentiment and recent positional […]

June 29
2018

EUR up as Eurozone Inflation hits 2% led by surge in oil prices

Euro Analysis and Talking Points Eurozone Inflation hits 2%, however, core inflation remains subdued Euro supported by month-end USD selling and EU immigration deal Eurozone Inflation hits 2%, while ECB’s preferred measure remains subdued Eurozone inflation hit the ECB’s target for the first time in more than a year, rising 2% Y/Y from 1.9% in […]

June 29
2018

CAD Outlook and Near Term BoC Rate Path to be Dictated by Canadian GDP

CAD Analysis and Talking Points Canadian GDP to determine BoC July rate move Trade War tensions raises risk of BoC hold Data Dependent Bank of Canada The outlook for the Canadian Dollar and the BoC’s rate path in the near term (July meeting) will likely be dictated by the upcoming GDP figures and BoC survey, […]

June 29
2018

US AM Digest: EUR Surges on Immigration Deal, CAD Gains as BoC July Rate Bets Rise

US Market Snapshot via IG: DJIA -0.3%, Nasdaq 100 -0.1%, S&P 500 -0.1% Major Headlines EU reach an 11th hour immigration deal Eurozone Inflation to highest in a year UK GDP revised higher to 0.2% vs. Prev. 0.1% Canadian GDP Prints above expectations, boosting July rate hike bets EUR: The Euro is among the outperforming […]

June 29
2018

EU Deal Sends Asian Stocks Higher as EUR, USD, CAD Brace for Data

Asian Stocks Talking Points: Asian shares edge higher as EU Summit immigration deal boosts risk trends Ahead, USD, EUR and CAD could be volatile as they face key economic data Can EUR/USD hang on to its gains as it approaches near-term resistance? Find out what retail traders’ Euro buy and sell decisions say about the […]

June 29
2018

EURUSD Rebound Temporary; Renewed Euro Weakness Ahead

EURUSD – Market News and Technical Analysis – EU migration deal may calm nerves in Germany – US-EU trade wars will still be a major driver of price action. – Euro upside is limited as EU interest rate hikes may not happen till 2020. The latest IG Client Sentiment Indicator shows retail are 57.9% long […]

June 29
2018

Asia AM Digest: CAD Rises With Crude Oil Prices, Stocks May Gain

Current Developments – CAD Rises With Crude Oil Prices The Canadian Dollar was the best performing major on Thursday, boosted by comments from BoC’s Governor Stephen Poloz and a rise in crude oil prices. Amidst the risk of trade wars and their expected adverse impact on investment decisions, Mr. Poloz said that the economy still […]

June 29
2018

USD/JPY Tests Uptrend Resumption Post 1992 Japan Jobless Rate Low

Japanese Yen Talking Points: The Japanese Yen was uninspired by lowest jobless rate since 1992 at 2.2% vs. 2.5% Low CPI makes another solid employment beat rather irrelevant for BoJ policy bets USD/JPY is testing uptrend resumption, risk trends to drive Nikkei 225 and thus Yen Just started trading USD/JPY? Check out our beginners’ FX […]

June 29
2018

Euro Surges Higher As EU Strikes Eleventh Hour Immigration Deal

EURO, EU IMMIGRATION DEAL TALKING POINTS: The Euro gained sharply on Friday European Council President Donald Tusk announced a late night deal on immigration Markets had feared damaging deadlock Find out what the #1 mistake that traders make is and how you can fix it! The Euro rose sharply on Friday on news that European […]