Markets alert – Page 42

May 16
2018

Japanese Yen Falters As Nine-Quarter GDP Growth Run Ends

JAPANESE YEN, JAPAN GDP, TALKING POINTS: The Japanese economy contracted in the first quarter according to official data This was the first such slip for nine quarters The Yen’s position looks shaky, monetary policy will remain loose for the foreseeable future Find out what the #1 mistake that traders make is and how you can […]

May 16
2018

Gold Price Drops as US Treasury Yields Push Higher

Talking Points: – A stronger US Dollar on the back of higher US Treasury yields (both nominal and real) has paved the way for lower Gold prices. – Gold’s symmetrical triangle, previously eying topside resolution, has failed and broken to the downside. – Sentiment for the US Dollarhas started to turn contrarian bullishmidway though Q2’18. […]

May 16
2018

Asia AM Digest: Yen May Gain if Sentiment Falls. Not on GDP Beat

Prior Session Recap – US Dollar Gains and Sentiment Deteriorates Tuesday’s trading session could have been characterized by two main themes. The first is broad US Dollar strength. The greenback was one of the best performing majors, rising alongside a push higher in local government bond yields as Fed rate hike expectations firmed. Upward revisions […]

May 15
2018

UK Jobs Report Lifts GBP but Impact Minimal on Chances of Rate Rise

GBP news and talking points: – Today’s UK employment report shows continuing strength in the UK labor market. – However, more robust data will be needed if the Bank of England is to increase interest rates soon, so the impact on GBPUSD has been negligible. Check out the IG Client Sentiment data to help you […]

May 15
2018

EURUSD Brushes Off Slowing Eurozone Growth

EUR Analysis and Talking Points EURUSD unfazed by Eurozone growth slowdown Rising trade and geopolitical tension weighs on economic sentiment See our Q2 EUR forecast to learn what will drive the currency through the quarter. Slowdown in Eurozone Growth Confirmed The Euro and DAX saw a largely muted reaction after a raft of Eurozone and […]

May 15
2018

Market Sentiment Improves But Still Held Back By Concerns About Trade

Sentiment talking points: – Sentiment in the financial markets is better than it has been for a while. – However, worries about global trade in general and US/China trade in particular is preventing a full recovery. – In this webinar, I discussed these issues and market confidence more generally Check out the IG Client Sentiment […]

May 15
2018

USDJPY Rallies Above 110.20 Following Upward Revisions to Retail Sales

Talking Points: – Most Advance Retail prints rose by 0.3% in April including headline and core; both saw upward revisions in March – USDJPY rips above 110.20 as inflation shows signs of life – See the DailyFX Economic Calendar for upcoming economic data and for a schedule of live coverage see the DailyFX Webinar Calendar. […]

May 15
2018

US AM Digest: USD Surges as 10yr Treasury Yield Hits Highest Level Since 2011

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA -0.55%, Nasdaq 100 -0.8%, S&P 500 -0.5% Major Headlines US 10yr Yield rises to higher level since 2011, supporting USD. Oil prices hit fresh 3 ½ yr highs. UK Jobs […]

May 15
2018

AUD/USD Awaits Trade Talks Post China Retail Sales, Jobless Rate

Australian Dollar Market Alert Talking Points: Chinese retail sales misses estimates, industrial production doesn’t as jobless falls Australian Dollar focuses on risk trends with RBA on monetary policy hold for now AUD/USD downside momentum is ebbing as the pair stalls its downtrend since Feb. Just getting started trading the Australian Dollar? See our beginners’ guide […]

May 15
2018

Asian Stocks Slip Back Despite Wall St Gains, Dollar Turns Up Again

ASIAN STOCKS TALKING POINTS: Asian stocks were broadly lower, if generally not by much The US Dollar put in more gains, with the Australian Dollar hit by central bank dovishness Chinese retail and industrial data remained quite strong What makes the best traders stand out? Take a look at the DailyFX deep, deep dive into […]