Markets alert – Page 16

June 25
2018

EUR Unmoved by Mixed IFO Report; German Business Confidence Mired by Trade Wars

EUR Analysis and Talking Points German Business Confidence Mired by Slowing Growth and Trade Tensions President Trump Threatens to Impose Tariffs on EU Autos German Economic Outlook Deteriorates The Euro and DAX saw a subdued reaction following a relatively mixed German IFO report. The business climate in Germany dropped to 101.8 in June from 102.3 […]

June 25
2018

Bitcoin, Ether, Ripple, Litecoin Chart Analysis – Off Multi-Month Lows

Prices, Charts and News – Bitcoin, Ripple, Ether, Litecoin – Japanese FSA announcement knocks market sentiment. – Chart levels have proved reliable to date. To see how retail traders are currently positioned in cryptocurrencies and what it means for the market looking forward, download the IG Client Sentimentpage. Bitcoin Hits a Seven-Month Low Bitcoin traded […]

June 25
2018

Japanese Yen, Australian Dollar Unlikely To Benefit From Wage Pleas

Talking Points: The Bank of Japan has said that it would like to see higher wage settlements to try and boost pricing power The Reserve Bank of Australia has sung a similar tune However, wages are at least partly a function of inflation expectations, and neither central bank has managed to get those going Find […]

June 25
2018

Asia AM Digest: Yen Eyes Risk Trends, CAD May Fall on OPEC Update

Weekend Developments – OPEC, Oil, PBOC RRR Cuts, EU Response to US Auto Tariff Threat Crude oil prices started off the new week with declines after Friday’s impressive performance saw it rally the most in a single day (+5.32%) since November 2016. There, the commodity rose as the real production increase agreed in the OPEC+ […]

June 22
2018

Crude Oil Forecast: Rising Trade War Tensions to Keep a Lid on Oil Price Gains

Fundamental Forecast for Crude Oil Price: Neutral Crude Oil Analysis and Talking Points: OPEC Agree Production Hike of 1mln bpd Global Trade War Tensions Keeps a Lid on Further Gains OPEC Agree on Production Hike OPECagreed to increase output by 1mln bpd to reduce ‘over compliance’ with the current output agreement. Subsequently, WTI and Brent […]

June 22
2018

S&P 500, DAX & FTSE – How Will Markets Repond to Weakness Next Week?

Talking Points: Several ‘high’ impact data events in week ahead; S&P technical picture weakening German employment figures and German/Euro-zone CPI; DAX broke important support BoE held on rates as expected, hawkish tone slightly dented stocks; FTSE holding key level For forecasts, trade ideas, and educational guides, check out the DailyFX Trading Guides. S&P 500 Last […]

June 22
2018

Yuan Weakness to Persist on RRR Cut Bets, Trade War; Equity Losses May Ease

Fundamental Forecast for CNH: Bearish US-China trade war could continue to drag down the Yuan and Chinese equities. A reserve requirement ratio cut could weaken the Yuan but benefit Chinese equities. Chinese regulators may leave the Yuan falling when it continues, while support equites. How to trade news? Learn with DailyFX Free Trading Guides! Both […]

June 22
2018

Chart Setups for Next Week – Bitcoin, Ethereum, Ripple, Litecoin

Bitcoin, Ripple, Ether, Litecoin – Charts, Prices and News – Japanese FSA crackdown, bitFlyer suspends new account openings. – Losses paint a very negative technical picture. Cryptocurrency Market Slumps on Japanese FSA Actions Six of Japan’s largest regulated cryptocurrency exchanges have been told to improve their internal auditing and customer identification processes by the FSA, […]

June 22
2018

Major US Banks Pass First Round Fed Stress Test, Second Round Ahead

Talking Points: The major US banks passed the Fed’s Dodd-Frank stress test but now await a difficult second round Stress test performance has continued to improve since implementation in 2009 Next week’s CCAR test is the final step before capital plans are approved or denied Monetary policy, trade wars, and risk trends all loom on […]

June 22
2018

EURUSD Firms as Eurozone PMI Suggests Recovery in Growth

EURUSD Analysis and Talking Points Eurozone PMI led higher by improve services sentiment Euro firmer as PMI indicates continued strong GDP despite soft manufacturing Eurozone Regains Momentum Despite Stagnant Manufacturing Sector Eurozone PMI data for June had been generally mixed with the service reading rising to a 4-month high at 55, above forecasts, while manufacturing […]