JPY Analysis and News JPY Supported by Safe Haven Flow EURJPY Falls to Lowest Level Since June 2017 For a more in-depth analysis on the Japanese Yen, check out the Q2 Forecast for JPY Italian Fears Spark JPY Demand vs EUR As mentioned previously (click here) rising political tensions would see the Japanese Yen among […]
Read moreGold Price News and Analysis – Gold unable to breach the 200-day moving average. – A new 2018 low may be made in the short-term. The new DailyFX Q2 Gold Forecast is now available to help traders navigate the market. The latest IG Retail Sentiment Indicatorshows that traders are nearly 79% net-long of the precious […]
Read moreReceive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA -0.8%, Nasdaq 100 -0.9%, S&P 500 -0.7% Major Headlines Italian Political woes saw German-Italian 10yr bond spreads widen to 300bps Italy’s Cottareli will present list of ministers later today JPY, […]
Read moreUS Consumer Confidence Hovers at Historic Highs USD sees Muted Reaction from Data Release, Eyes on US NFP. For a more in-depth analysis on the USD, check out the Q2 Forecast for USD US Consumer Confidence Remains at Historically High Levels The US Consumer Confidence Index printed in line with expectations at 128 for May, […]
Read moreEURUSD News and Talking Points – Italian bond yields at multi-year highs as investors shun Italian risk. – Upcoming election seen as a referendum on the EUR and Italian democracy. 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 […]
Read moreMonday’s Recap – Euro Reverses Course as Italy Starts Preparing for a New Election The Euro initially rallied during the first bit of Monday’s session with EUR/JPY experiencing a significant gap to the upside after the weekend. News that the Italian government demonstrated a check on the anti-establishment parties was taken well. President Sergio Mattarella […]
Read moreAsian Stocks Talking Points: Most Asian shares declined as Italian political jitters sunk sentiment in illiquid conditions One standout was the ASX 200 which was lifted and heading higher thanks to the PBOC USD/JPY is struggling to push below crucial May horizontal stubborn support, will it? Not sure how these developments impacted the markets? Join […]
Read moreASEAN Outlook Talking Points: Bank of Indonesia is to hike rates again in less than two weeks amidst weaker IDR USD losses this week on key local data may be a breather for MYR, SGD and PHP USD/PHP is struggling to push higher after breaking above resistance, can it hold? Just getting started trading the […]
Read moreTalking Points: Proposed auto tariffs announced days before metal and aluminum tariffs take effect on June 1st The US accounted for nearly 24% of all imported cars by value in 2016 Many EU members rely heavily on auto exports, suggesting a strong response may occur Auto manufacturers will also suffer if proposed tariffs take effect […]
Read moreWeekend Market Developments – Euro and Yen Gaps Illiquidity is taking its toll on the FX Markets at the beginning of this week’s session as we head into the US Memorial Day holiday. There were prominent gaps in the Euro and the Japanese Yen, both affected by a couple of notable weekend developments. For the […]
Read more