Markets alert – Page 23

June 14
2018

GBPUSD Rises as Royal Wedding Celebrations Lifts Retail Sales

GBP Analysis and Talking Points UK retail sales posts another sizeable rebound amid royal wedding celebrations GBPUSD regains firm footing above 1.34 See our Q2 GBP forecast to learn what will drive the currency through the quarter. Royal Wedding Fever Lifts Consumer Spending Another sizeable rebound in UK retail sales for May, which saw all […]

June 14
2018

Technical Outlook – EURGBP Battling Confluence of Resistance

EURGBP Latest News and Analysis Ascending triangle may produce a bullish upside break. Technical indicators likely to keep any advance in check. ECB may turn hawkish but recent weak data may hold intentions in check. EURGBP Moves Trapped by Technical Backdrop EURGBP has traded in a narrow range over the last month, held in check […]

June 14
2018

EURUSD May Fall as ECB Disappoints the Euro Bulls

EURUSD news and analysis: – The European Central Bank’s Governing Council will discuss ending its stimulus program today but an announcement of the end of QE is unlikely until July. – That could weaken EURUSD unless ECB President Mario Draghi adopts a hawkish stance at his press conference after the meeting. Check out the IG […]

June 14
2018

ECB Announces QE Taper, However, EUR Falls on Rate Path Guidance

EURUSD Analysis and Talking Points ECB to reduce QE purchases by EUR 15bln and exit by December ECB does not see rate rise until at least summer 2019 See our Q2 EUR forecast to learn what will drive the currency through the quarter. ECB Surprises with QE Taper Announcement and Rate Path Guidance ECB surprised […]

June 14
2018

EURUSD May Fall Sharply in the Months Ahead

EURUSD News and Talking Points – By the end of 2019, the Fed may well have hiked another five or six times and the ECB likely just once – Fibonacci retracement back to EURUSD 1.1200 is on the cards in the longer-term. The DailyFX Q2 Trading Forecasts for all major currencies, commodities and indices, are […]

June 14
2018

US AM Digest: EUR Plummets on ECB Dovish Rate Guidance

US Market Snapshot via IG: DJIA 0.33%, Nasdaq 100 0.4%, S&P 500 0.3% Major Headlines ECB Plans QE Exit, but Signals Rate Hikes are Distant UK Retail Sales Sees Another Sizeable Rebound US Retail Sales Beat Analysts Estimates EUR: ECB surprised markets by announcing decision to reduce the pace of QE purchases after September 2018 […]

June 14
2018

Another Potential Blow for Euro as Germany’s CSU Defies Merkel

Euro news and analysis: – The Euro has been hit hard Thursday by the prospect of Eurozone interest rates remaining low for another year or more. – Now political concerns have emerged that could compound its problems as a split emerges within German Chancellor Angela Merkel’s conservative bloc. Check out the IG Client Sentiment data […]

June 14
2018

Asia AM Digest: USD Pares Gains on Powell Speech, AUD Awaits Jobs

Current Market Developments – USD Pares Gains on Fed Chair Jerome Powell Speech All eyes were on Wednesday’s FOMC monetary policy announcement and for the US Dollar initially, the outcome and forward guidance did not disappoint it. The greenback rose aggressively and at one point, was at its highest point since the beginning of this […]

June 14
2018

Australian Dollar May Fall on ECB After Brushing off Jobs Data

Australian Dollar Talking Points: Australian Dollar emerged unscathed after disappointing local employment data Discouraged workers leaving may have lowered unemployment, full time jobs fell AUD/USD may fall on the ECB rate decision as it faces rising channel support Find out what the #1 mistake that traders make is and how you can fix it! A […]

June 14
2018

Asian Shares Lower on Fed Hike, Await ECB. ASX 200 Tests Support

Asian Stocks Talking Points: Asian shares lower following Wednesday’s Fed rate hike, Australian Dollar down Chinese data fell short, stocks and the Euro await the ECB rate decision ahead ASX 200 is testing short-term ascending channel support. Will it resume its decline? Find out what retail traders’ Equities buy and sell decisions say about the […]