ASIAN STOCKS TALKING POINTS: Asian markets were mixed, with Tokyo out for holiday The US Federal Reserve left rates alone but may not do so in June The US Dollar looked a little listless Find out what the #1 mistake that traders make is so that you never have to join them! Asian stocks were […]
Read moreUSD talking points: – With the Federal Reserve meeting now out of the way, the markets’ focus is turning to the US/China trade negotiations. – That has left the US Dollar marginally lower, although it remains in a strong uptrend. Check out the IG Client Sentiment data to help you trade profitably. And for a […]
Read moreEUR talking points: – Euro-Zone inflation in April fell to 1.2% year/year; it had been expected to be unchanged at 1.3%. – That makes a total withdrawal of its monetary stimulus program by the ECB marginally less likely this year. Check out the IG Client Sentiment data to help you trade profitably. And for a […]
Read moreTo get the Asia AM Digest every day, SIGN UP HERE Current Market Developments – US Dollar Climbs After FOMC The US Dollar took a sharp dive on the FOMC monetary policy announcement. There, the Fed upgraded its view on inflation but not so much on economic growth. Overall, the central bank seemed to prepare […]
Read moreAustralian Dollar Talking Points: Australian Dollar climbs on local trade surplus beat, highest since May 2017 Aussie Dollar faces RBA statement on monetary policy, then US jobs report If AUD/USD holds its gains, then a bullish reversal warning sign could form Just started trading AUD/USD? Check out our beginners’ FX markets guide! The Australian Dollar […]
Read moreTalking Points: – FOMC holds benchmark interest rate in range of 1.50-1.75%, as was expected by markets. – Fed funds price in a 100% chance of a 25-bps rate hike in June, but odds for September and December stay in same territory post-release as they did pre-release. – US Dollar produces mixed reaction, eventually trading […]
Read moreEUR Analysis and Talking Points EURUSD was unfazed by the slowing of Euro-Area GDP given that growth remains robust Focus will be on tomorrows inflation figures, which continues to remain subdued Eurozone GDP Slows at the Beginning of 2018 The Euro-Zone economy expanded by 2.5% Y/Y in the first quarter of 2018, a slight moderation […]
Read moreGBPUSD talking points: – As the UK markets reacted to weak economic data, sending GBP sharply lower, Brexit seemed to have receded as a market-moving factor. – However, that now seems to be changing, with Brexit concerns re-emerging as an issue and likely to keep the currency under downward pressure. Check out the IG Client […]
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 -0.1%, Nasdaq 100 +0.3%, S&P 500 -0.1% Major Headlines Chinese Caixin Manufacturing PMI beat expectations at 51.1 NZ Q1 Employment Change grew 0.6%, Unemployment Rate fell to 4.4% Eurozone GDP […]
Read moreTALKING POINTS: ASIAN STOCKS Asian stocks were mixed in a narrow session The US central bank is expected to leave interest rates alone But its also expected to leave a June move very much live Find out what the #1 mistake that traders make so that you can sidestep it! Asian stocks were mostly lower […]
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