GBP Talking Points Check out our new Trading Forecasts: They’re free and have been updated for the second quarter of 2018 Bank of England and the Rate Hike Dilemma BoE governor Mark Carney turned mildly-dovish a couple of weeks ago, pulling the rug under the feet of a strong GBP complex. With the first look […]
Read moreTalking Points: – Headline CPIrose by 2.5% YoY in April, in line with expectations, from 2.4% in March – Core inflation remained above 2% at 2.1% in April though slightly lower than the 2.2% expectation – Fed’s Bostic mentioned yesterday the inflation is likely to overshoot for “awhile,” he was spot on with today’s data […]
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 +0.2%, Nasdaq 100 +0.3%, S&P 500 +0.3% Major Headlines NZD slides as RBNZ signals that rates could go up or down BoE delivers neutral hold, lowers inflation and GDP forecasts […]
Read moreASIAN STOCKS TALKING POINTS: Major indexes were broadly higher The New Zealand Dollar got a kicking from lowered central bank growth and inflation forecasts The US Dollar is still riding high Find out what the #1 mistake that traders make is and how you can fix it! Asian shares moved broadly higher Thursday, tracking gains […]
Read moreCrude Oil Talking Points – Geo-political backdrop remains supportive for higher oil prices. – US crude could hit $80/brl in the short/medium-term. IG Client Sentiment shows that retail traders are net-short US crude oil although daily and weekly positioning has changed. Download our free guide to help you make more informed trading decisions. Crude Oil […]
Read moreGBPUSD Analysis and News GBPUSD Sees Muted Reaction from Mixed Bag of Data Focus on the Bank of England’s Super Thursday where GBP bulls will be hoping for a “hawkish hold” For a more in-depth analysis on Sterling, check out the Q2 Forecast for GBP/USD Weekly GBPUSD Forecast here GBPUSD Sees Muted Reaction from Mixed […]
Read moreUK INTEREST RATES: – The Bank of England’s monetary policy committee will almost certainly leave all its settings, including UK interest rates, unchanged today. – That means GBP traders need to listen carefully to the central bank’s Governor Mark Carney when he comments on the decision. – The Bank’s economic forecasts will also be important […]
Read moreTo get the Asia AM Digest every day, SIGN UP HERE NZD Declines on RBNZ. MYR Down on Election Outcome The New Zealand Dollar depreciated aggressively across the board as the RBNZ left rates unchanged and decreased near-term hawkish monetary policy expectations. The central bank not only forecasted rates rising further out, but also the […]
Read moreJapanese Yen, Trade, BOJ Opinions Talking Points: The Japanese Yen weakened after Thursday’s data dump However, it’s unlikely that the numbers affected it much, the US Dollar is generally stronger The BOJ again pressed the need for powerful monetary easing New to trading Currency majors like the Japanese Yen? Try the DailyFX Beginners’ Guide The […]
Read moreNZD/USD Talking Points: New Zealand Dollar depreciated as RBNZ left rates unchanged at 1.75% as expected The RBNZ forecasted rates increasing further out and a delay in hitting 2% inflation NZD/USD downside momentum is slowing as we approach Thursday’s US CPI data Build confidence in your own NZD/USD strategy with the help of our free […]
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