Markets alert – Page 18

June 21
2018

US AM Digest: GBP Surges on Hawkish BoE, EUR Dips as Italy Appoints Eurosceptics

US Market Snapshot via IG: DJIA -0.4%, Nasdaq 100 0.1%, S&P 500 -0.2% Major Headlines Bank of England Keep Bank Rate at 0.5%, Vote split 6-3 (Prev. 7-2) Italy appoint two Eurosceptics to head finance committee Saudi Arabia sees a 1mln bpd oil increase as a reasonable target. GBP:Sterling bulls have been provided with some […]

June 21
2018

GBPUSD Forecast: Central Bank ’Double’ to Govern Sterling’s Fate

GBPUSD Prices, News and Analysis BoE monetary policy decision at 11:00 GMT – no change expected. Governor Carney’s Mansion House speech due at 20:15 GMT IG Client Sentiment data show that retail are 72.5% net-long of GBPUSD – a contrarian bearish set-up – but recent positional changes gives us a mixed trading bias. GBPUSD Driven […]

June 21
2018

Swiss Franc Muted Despite SNB Signalling Negative Rates for Longer

CHF Analysis and Talking Points Swiss Franc Unchanged as the SNB Stands Pat on Monetary Policy Long Term Inflation Forecasts Downgraded Swiss National Bank Assessment Unchanged from Prior The Swiss Franc was little changed following the quarterly SNB monetary policy decision. Unsurprisingly, the central bank kept its 3-month target Libor rate unchanged at -0.75% as […]

June 21
2018

Safe Haven Currencies Continue to Weaken as ’Risk On’ Mood Persists

Safe haven prices, news and analysis: – The two major “safe haven” currencies, the Swiss Franc and the Japanese Yen, are continuing to ease. – That’s despite ongoing worries about trade wars, oil prices and upcoming Turkish elections. Check out the IG Client Sentiment data to help you trade profitably. Positive mood hurts JPY and […]

June 21
2018

Oil Price Analysis: Downtrend Intact Ahead of OPEC

Oil Price/OPEC News and Talking Points – A backdrop of weaker global growth, US-China trade wars and a strong US dollar greet OPEC officials. – A negative chart set-up could see Brent dip below $70/bbl. The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, are availableto download to help you make more […]

June 21
2018

New Zealand Dollar Eyes US-China Trade War After In-Line GDP Data

TALKING POINTS – NEW ZEALAND DOLLAR, GDP, RBNZ, TRADE WAR, CHINA New Zealand Dollar little-changed after in-line Q1 GDP data US-China trade war news flow likely to be in focus from here Critical NZD/USD support remains in the 0.6781-0.6862 area Join a DailyFX webinar to track the impact of key economic data on currency trends! […]

June 21
2018

Asian Stocks Mixed as NZD/USD Aims for a Breakout, BOE Next

Asian Stocks Talking Points: Asian shares mixed given no new updates on escalation in trade disputes from US, China New Zealand Dollar was lower and NZD/USD is aiming for a breakout to the downside The British Pound awaits this month’s Bank of England rate decision where it may fall Find out what retail traders’ New […]

June 20
2018

US-China Trade War: An Inevitable Conflict and The Impact on Equities, FX

US-China Trade War Talking Points: Was the US-China trade war inevitable? What is the most likely outcome of this global trade war? What will be the impact to US and China’s trade and economies respectively? How will the US-China trade war impact equities, Yuan, Dollar & safe-haven currencies? China vs USA: The Rising Competitor to […]

June 20
2018

Fed, ECB, BoJ, RBA Leaders Weigh in on Trade Policy Risk at Sintra Conference

Talking Points: The central bank officials shared similar concerns regarding the impact of trade wars Trade policy’s effect on monetary policy uncertain at this time according to ECB’s Draghi Together, the central bankers set policy for more than a third of the world’s economy Stay up to date with important economic data with our Economic […]

June 20
2018

Asia AM Digest: May Wins Brexit Vote, NZD May Fall on GDP Data

Current Developments – Central Bank Conference, May Wins Brexit Vote A lack of key economic updates had FX traders eyeing the central bank conference in Sintra, Portugal. There, governors and presidents shared similar concerns on the impact of trade wars on investment. Fed Chair Jerome Powell repeated the case for gradual rate increases. However, he […]