Markets alert – Page 17

June 22
2018

EURUSD Boosted by PMIs; Trade Tariffs Loom Large

EURUSD News and Talking Points – Markit PMIs give the single-currency a lift ahead of EU trade tariff implementation. – Washington is likely to respond further as trade wars escalate. The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, are now availableto download to help you make more informed trading decisions. EURUSD […]

June 22
2018

Crude Oil Volaitility Expected as OPEC Increase Oil Production

Crude Oil Analysis and Talking Points: Saudi Arabia and Russian Set to Turn the Supply Taps on OPEC likely to relax production quota’s question is, by how much? OPEC’s 174th ordinary meeting takes place today, while OPEC/non-OPEC ministers are due to meet on the 23rd. Expectations are for a relaxing of the current oil supply […]

June 22
2018

USD/CAD Surges as May Canadian CPI Misses by Wide Margin

Talking Points: – May Canadian CPI comes in at +2.2%, well-below the +2.6% consensus forecast. – The Canadian Dollar has slipped across the board, with USD/CAD rallying by more than +100-pips around the figures. – The weaker inflation report coincides with already-weakening July Bank of Canada rate hike expectations. See our longer-term forecasts for the […]

June 22
2018

US AM Digest: Crude Futures Rise as OPEC Agree to 1mln bpd Oil Production Increase

US Market Snapshot via IG: DJIA 0.6%, Nasdaq 100 0.4%, S&P 500 0.5% Major Headlines OPEC agree to 1mln bpd production hike, taking effect from July Canadian CPI falls short of expectations, prompting fresh 1yr high for USDCAD Firm Eurozone PMI keeps Euro afloat Crude Oil: OPEC tentatively agree to raise production by 1mln bpd, […]

June 22
2018

Asian Stocks Mixed As Trade Worries Endure, OPEC In Focus

ASIAN STOCKS TALKING POINTS: Asia Pacific share were mixed on Friday Trade worries still cloud the outlook, Japanese inflation came in weak OPEC is expected to increase production after its Vienna get together What makes the very best traders stand out from the run-of-the-mill? We’ve been looking hard at the numbers, trying to isolate the […]

June 22
2018

Ripple Price Analysis: XRP Chart Set-Up Remains Negative

Ripple Price, Analysis and Chart – Technical background remains weak with lower prices likely in the days ahead. – The question of Ripple’s regulatory classification remains unanswered. Ripple Remains Weak and Further Losses are Likely Ripple CEO Brad Garlinghouse recent defense of XRP and his explanation of why it should not be classified as a […]

June 22
2018

Asia AM Digest: Sentiment Turns Lower as USD Falls, Yen May Rise

Current Developments – Risk Trends Deteriorate After Consolidation, USD Falls After a couple of days of consolidation, sentiment turned for the worst on Thursday as European and American shares declined. Some newswires attributed this to Daimler AG (a German multinational auto corporation) cutting its outlook on a possible impact of tariffs on corporate profits. This […]

June 22
2018

Japanese Yen Looks Past CPI for Sentiment, USD/JPY Rise Stalling?

Japanese Yen Talking Points: Japanese Yen looks past mostly in-line local inflation data for risk trends CPI remains below BoJ’s sustainable price target after outlook downgrade USD/JPY’s rise since May appears to be stalling on 2017 falling resistance Just started trading USD/JPY? Check out our beginners’ FX markets guide! After the Japanese Yen rose cautiously […]

June 21
2018

EURUSD and Italian Assets Fall as Italian Political Uncertainty Returns

EURUSD Analysis and Talking Points Italian assets retreat as Italy appoints Eurosceptics EURUSD falls to the lowest level since July 2017 Italian Fears Rise After Appointment of Eurosceptics EURUSD fell to its lowest level since July 2017 at 1.1508 as Italian assets came under pressure with BTPs and the FTSE MIB falling to session lows. […]

June 21
2018

Sterling Bulls Offered Hope as Bank of England Raises August Rate Hike Bets

GBPUSD Analysis and News GBP Surges After 6-3 Hawkish Vote Split Market Pricing for an August Rate Hike rises to 45% from 33% prior to announcement See how retail traders are positioning in GBPUSD as well as other major FX pairs on an intraday basis using the DailyFX speculative positioning data on the sentiment page. […]