Markets alert – Page 49

May 5
2018

Bullish DAX Momentum Gathers Pace, S&P 500 Remains Bid Following FOMC

For the intermediate-term technical and fundamental outlook, check out the recently released DailyFX Q2 Forecasts. Equity prices remain bid going into the second week of May, with the near-term outlook for the DAX tilted to the topside, while the S&P 500 looks poised for a breakout amid the narrowing threat for a global trade war. […]

May 5
2018

Swiss Initiative Proposes Sovereign Money System; Posing Risk to Franc

Talking Points: Initiative proponents claim that only 10% of current money supply is from the Swiss National Bank The sovereign money scheme intends to protect tax-payers from bailing out banks Swiss National Bank Chairman Thomas Jordan warns the move would damage Swiss economy If implemented, the system may pose significant risks to the Franc’s status […]

May 4
2018

US AM Digest: NFP and Wage Miss Met With Lowest Unemployment Rate Since December 2000

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA -0.4%, Nasdaq 100 -0.3%, S&P 500 -0.3% Major Headlines US NFP fell short of expectations at 164k vs. Exp. 192k, wages slow and unemployment rate falls to lowest since December […]

May 4
2018

Asian Stocks Wilt Broadly As Investors Eye Trade Talks, US Payrolls

ASIAN STOCKS TALKING POINTS Asian stocks fell across the board The wait for US payroll data usually limits progress each month The US Dollar steadied below its recent highs Find out what the #1 mistake that traders make is so that you never have to join them! Asian markets were broadly weaker Friday as investors […]

May 4
2018

Eurozone PMI Confirms Cooling Growth; EURUSD Weakness Set to Continue

EURUSD Analysis and Talking Points Eurozone PMI confirms that the Euro-Area growth is slowing down EURUSD unfazed as this is unlikely to have large ramifications on ECB policy, focus on inflation See our Q2 EUR forecast to learn what will drive the currency through the quarter. Eurozone PMI Maintains Narrative of Euro-Area Growth Levelling Off […]

May 4
2018

DXY Little Changed After Mixed US NFP Report

NFP Analysis and Talking Points US Nonfarm Payrolls rose by 164k in April, missing expectations of 192k expected; Prior month revised to 135k from 103k. US Average Hourly Earnings pace slowed to 2.6% Y/Y and 0.1%, underperforming expectations of 2.7% and 0.2% respectively. US Unemployment Rate fell to 3.9%, lowest level since December 2000 NFP […]

May 4
2018

Asia AM Digest: AUD/USD Looks to RBA, Philippine Peso to CPI

To get the Asia AM Digest every day, SIGN UP HERE A Look Ahead – RBA Statement on Monetary Policy, Philippine Inflation During Friday’s Asian session, we will get the RBA’s statement on monetary policy and Caixin China Composite and Services PMIs. The former will offer a fresh set of inflation projections which may give […]

May 4
2018

Australian Dollar Gains As RBA Looks To Higher Rates. Eventually

AUSTRALIAN DOLLAR, RBA AND CAIXIN PMI TALKING POINTS The RBA sounded a modestly upbeat note It said that rates would have to rise if the economic growth it expects is duly delivered China’s private service sector had a good April Find out what retail foreign exchange traders make of the Australian Dollar’s chances right now […]

May 3
2018

Slowing UK Economy Weighs on GBPUSD Outlook

GBPUSD Analysis and News PMI surveys point to 0.2% growth in Q2, marking the second weakest since the Brexit vote Weak economy and Brexit uncertainty reign in expectations of a BoE interest rate hike Poor UK PMI Data Takes May Rate Rise Firmly Off the Table Today’s UK Service PMI rounded up what has been […]

May 3
2018

US AM Digest: EURUSD gives up 1.20 Base After Euro-Area Inflations Dips

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA -0.6%, Nasdaq 100 -0.5%, S&P 500 -0.5% Major Headlines Eurozone Inflation slows in April; Core CPI falls to 0.7% UK Service PMI rebounds, however misses expectations US Trade Deficit Narrows […]