Markets alert

June 18
2018

Ripple (XRP) Chart Remains Negative; Little Technical Support

Ripple Price, Analysis and Chart – The question of Ripple’s regulatory status continues to fuel the bear’s case. – Technical support becoming weak with little in the way of a full re-trace back to $0.20. IG Client Sentimentshows clients remain heavily long XRP and are further net-long than last week giving us a stronger bearish […]

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June 18
2018

EURNOK Downtrend Intact Amid Norges Bank Rate Decision

EURNOK Analysis and Talking Points Pressure on EUR NOK continues with widening Monetary Policy Divergence Hawkish stance from Norges Bank to be maintained See our Q2 FX forecast to learn what will drive the EUR, NOK currency through the quarter. How EURNOK will be impacted by Monetary Policy Divergence Last week, the ECB announced its […]

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June 18
2018

UK Market Webinar: BoE’s Carney Speech, Brexit Schisms

The House of Lords and the House of Commons will debate the EU Withdrawal Bill amendments and a loss for PM Theresa May will amplify calls for a new government. The Bank of England will leave monetary policy unchanged on Thursday. If you missed this webinar and would like to know about future events, you […]

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June 18
2018

US AM Digest: Oil Rises as OPEC Signal Output Hike at Lower End of Expectations

US Market Snapshot via IG: DJIA -0.8%, Nasdaq 100 -0.8%, S&P 500 -0.7% Major Headlines OPEC is said to discuss an output hike of 300-600k bpd – sources China announced retaliatory tariffs on the US worth $50bln and considers tariffs on oil Crude oil: Initial spike higher in Brent crude after OPEC source reports noted […]

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June 18
2018

USD Rise, Trade War Fears to Hurt MYR, SGD, PHP – ASEAN Weekly

ASEAN Outlook Talking Points: A hawkish Fed took its toll on PHP, IDR, SGD and MYR as USD rose last week ASEAN bloc currencies are vulnerable to escalating trade war fears on US/China USD/SGD bulls be careful as the recent break above resistance could be at risk Trade all the major global economic data live […]

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June 18
2018

Asian Stocks Wilt As Trade Worries ReEmerge, USD Holds Up

ASIAN STOCKS TALKING POINTS: Most Asian stocks slipped into the red, with the exception of the ASX 200 Trade worries sapped risk appetite to some extent Japanese trade data actually came in quite strongly Join our analysts for live coverage of all major Asia Pacific economic data at the DailyFX Webinars Asian stocks were mostly […]

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June 18
2018

Oil Remains Negative on US-China Trade Wars, OPEC Fears

Trade War and Opec News and Talking Points – $50 billion of tit-for-tat trade tariffs between the US and China may not be the end. – Trade wars threaten global growth prospects. The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, are availableto download to help you make more informed trading decisions. […]

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June 18
2018

Asia AM Digest: Yen May Rise as China Retaliates to US Tariffs

Weekend Developments – China Responds to US $50b Tariffs Following US President Donald Trump’s implementation of 25 percent tariffs on $50 billion of goods from China, the world’s second largest economy was quick to respond. Over the weekend, China announced retaliatory measures aimed at US goods such as soybean and corn. A second set of […]

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June 18
2018

Japanese Yen Gains As Exports Grow Despite Global Trade Worries

JAPANESE YEN, TRADE DATA TALKING POINTS: Japan’s trade gap yawned much more widely than expected in May Exports grew nicely but imports handily outpaced them The Japanese Yen got a little boost anyway Find out what the #1 mistake that traders make is and how you can fix it! The Japanese Yen rose against the […]

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June 16
2018

Yuan May Extend Losses Amid Weak Fundamentals, US-China Tariff Battles

Fundamental Forecast for CNH: Bearish Disappointing Chinese fundamentals could hold the Yuan at weak levels in the near term. US-China trade war has resumed; more tic-for-tac attacks could be revealed and elevate volatility. The USD/CNH eyes on the reversed trend after a long-term resistance level was broken. How to trade news? Learn with DailyFX Free […]

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