Markets alert – Page 37

May 24
2018

Turkish Lira Rallies Versus the Dollar After Unexpected 300bp Rate Hike

Talking Points: An unscheduled meeting by the monetary policy committee followed warnings by ratings agencies A 3% increase in a key rate surprised given the bank’s next scheduled meeting was set for June 7 The Lira rallied sharply versus the Dollar after the hike, but is still down roughly 20% for the year Learn the […]

May 24
2018

Asia AM Digest: FOMC Minutes Hurt USD, Boosts S&P. JPY May Fall

Current Market Developments – FOMC Minutes Weigh on USD, Boosts S&P 500 The US Dollar, while concluded Wednesday’s session cautiously higher, pulled back some of its gains as the FOMC meeting minutes crossed the wires. Heading into the release of the document, the markets were already widely anticipating a rate hike at the Fed’s next […]

May 23
2018

Eurozone Consumer Confidence Hit by Trade-Wars and Italian Political Risk

Talking Points: Consumer confidence disappoints with a reading of 0.2 versus 0.3 in April Italian government uncertainty and the ongoing trade-talks with the US continue to trouble the EU The Euro relinquished significant ground to the Dollar through the past session Learn the number one mistake traders make when trading. Download our Traits of Successful […]

May 23
2018

GBPUSD Hits A Five-Month Low on UK Inflation Miss

– Lower consumer prices push back potential UK rate hikes. – GBP hits a five-month low against the USD: next up the FOMC. The IG Client Sentiment Report shows that traders are just over 70% long GBPUSD – a bearish contrarian signal – although current changes give us a mixed trading bias. GBP Continues to […]

May 23
2018

Slump in Turkish Lira Continues, USDTRY Nears Five Level

TRY talking points: – USDTRY has hit a record high and further gains towards the 5.0 mark now seem likely. – That has helped weaken emerging market currencies more generally. Check out the IG Client Sentiment data to help you trade profitably. Turkish Lira in freefall The Turkish Lira remains under severe pressure Wednesday, with […]

May 23
2018

Cryptocurrencies – The Bears are Growling | Webinar

Cryptocurrency News and Talking Points – $50 billion wiped off in the last three days. – A range of cryptos are eyeing 2018 lows. IG Client Sentimentshows how clients are currently positioned in a wide range of cryptocurrencies and how positioning has changed over the last week, and retail remain heavily long despite recent price […]

May 23
2018

US AM Digest: GBPUSD Posts Fresh 2018 Low as Inflation Eases

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 -0.9%, S&P 500 -0.6% Major Headlines UK Inflation falls below expectations at 2.4% (Exp. 2.5%) Eurozone and German PMI miss estimates signaling moderating growth Trump expresses doubts […]

May 23
2018

Construction Work Miss Hurt AUD as Sentiment Fell, RBA Speech Due

Australian Dollar Talking Points: Australian Dollar was dented further as local construction work missed bets Sentiment was already deteriorating, echoing losses from Wall Street earlier AUD/USD could find itself falling to channel support on RBA’s Lowe speech Trade all the major global economic data live and interactive at the DailyFX Webinars. We’d love to have […]

May 23
2018

Asian Stocks Wilt On New Trade Worries, Fed Minutes Awaited

ASIAN STOCKS TALKING POINTS Asian stocks were mostly lower Trade worries resurfaced after a couple of days’ optimism The US Dollar was lower against the Yen as Federal Reserve policy minutes approached Join our analysts for live, interactive coverage of all major Asia Pacific economic data at the DailyFX Webinars Asian stocks were broadly weaker […]

May 23
2018

EURUSD May Weaken Further as Trade War Fears Re-Emerge

Trade wars in focus again: – Donald Trump said Tuesday that he was not pleased with the recent trade talks between the US and China. – That has revived trade war fears, potentially keeping the US Dollar on an upward path against the Euro. Check out the IG Client Sentiment data to help you trade […]