Markets alert – Page 33

May 31
2018

Nikkei 225 Technical Analysis: Retracement Support Seems Solid

NIKKEI 225 TECHNICAL ANALYSIS TALKING POINTS: The Nikkei 225 remains in retreat from its most recent significant high However, its fall has found what looks like quite solid support at a key retracement level Bulls will need to act quickly, however, to try the current range top Trade all major Japanese economic data live and […]

May 30
2018

US Trade Balance Surprises in April Even as Trade Wars Progress

Talking Points: US advance goods trade balance was -$68.2 billion versus -$71.0 billion forecasted The metric will be of heightened importance as trade wars progress Dollar reaction to the data print was muted by distraction from an Italian-led risk rebound Learn the number one mistake traders make when trading. Download our Traits of Successful Traders […]

May 30
2018

EURUSD Likely Lower on US Beige Book, NFPs

EURUSD News and Talking Points – US data is likely to dominate EURUSD for the rest of the week. – Italian and Spanish politics still firmly in-play. 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 Sell-off Stalls but […]

May 30
2018

Preview: Bank of Canada Interest Rate Seen on Hold Amid Rising NAFTA Concerns

CAD Analysis and Talking Points BoC likely to keeps rates unchanged amid rising global uncertainty, most notably from NAFTA Focus on accompanying statement which will dictate CAD price action. See our Q2 CAD forecast to learn what will drive the currency through the quarter. The Bank of Canada will publish its latest interest rate decision […]

May 30
2018

Cryptocurrency Price Analysis: Trading Ranges | Webinar

Cryptocurrency News and Talking Points – A lack of news flow leaves technical levels holding sway. – Bitcoin’s trading range continues to tighten – Will it hold? IG Client Sentimentshows how clients are currently positioned in a wide range of cryptocurrencies and how positioning has changed over the last week. Cryptocurrency Market Bouncing Back from […]

May 30
2018

US AM Digest: Euro Sees Relief Rally, USD Slips on Subdued GDP and ADP Figures

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA 0.7%, Nasdaq 100 0.5%, S&P 500 0.6% Major Headlines German Inflation rises to 2.2% due to higher oil prices US Q1 GDP and ADP Employment Change missed expectations Italy look […]

May 30
2018

Asian Shares Gap Down on Italy Fears, then Hover. Nikkei Falling?

Asian Stocks Talking Points: Asian shares gap lower and consolidate as markets take a breather on Italian political fears FX spectrum showed similar reaction. JPY cautiously higher while AUD was the opposite The Nikkei 225 appears to be resuming its descent after breaking below a rising trend line Find out what retail traders’ equities buy […]

May 30
2018

CAD Faces Volatility on BOC, Can Options-Derived Levels Tame it?

Canadian Dollar FX Options Talking Points: The Canadian Dollar is priced in for the most intense price action since the 2016 US election Given recent news, the Bank of Canada may send the currency lower at their rate decision USD/CAD is sitting on 2016 resistance amidst reversal warning signs, which will prevail? Just started trading […]

May 30
2018

Asia AM Digest: Markets Eye Risk Trends, BoJ and RBNZ Commentary

Current Market Developments – Italy Fears Continue Unnerving Markets, RBNZ Hurts NZD Stocks across the globe finished Tuesday’s session in the red as Italian political jitters made their way into US and the UK following the Memorial Day long weekend. The country is heading for new elections as the spread between Italian and German 10-year […]

May 29
2018

Ether (ETH) and Litecoin (LTC) Prices Test Key Support Levels

Ether and Litecoin – News and Talking Points – Litecoin bounces off support but how long will this hold? – Ether nears support – set-up remains weak. To see how retail traders are currently positioned in cryptocurrencies and what it means for the market looking forward, download the IG Client Sentimentpage. Litecoin (LTC) and Ether […]