Markets alert – Page 53

April 28
2018

Yuan Torn Between US-China Political Alliance and Trade Disputes

Fundamental Forecast for CNH: Neutral The U.S. and China may find more common ground on the North Korea issue. In terms of trade, major discrepancies remained ahead of high-level bilateral talks. China’s financial policies and the economic outlook add uncertainties from home. How to trade news? Learn with DailyFX Free Trading Guides! The Chinese Yuan […]

April 28
2018

Brent Crude Oil May Be Further Supported On Likely US Withdraw From Iran Deal

Fundamental Forecast for USOIL: Bullish Talking Points: Crude oil may feel vulnerable, but further OPEC supply drops could support Bullish argument EIA data on Wednesday takes WTI crude to a one-week low at $67.11/bbl Questions around Iran nuclear deal helps oil stay near the top of 2018 price range Per BHI, U.S. Oil Rig Count […]

April 28
2018

S&P 500, DAX, FTSE: Risk Trends in the Spotlight Ahead of FOMC, NFP

Talking Points: S&P 500, Dow & Nasdaq Charts Working Towards Completing Tops. S&P 500 Grasps for Support as Treasury Yields, US Dollar Continue to Gain. Trading USD Pairs? Our IG Client Sentiment follows traders’ positioning on key Dollar-pairs like EUR/USD, GBP/USD and USD/JPY. Forecast for the S&P 500: Neutral The Quarterly Forecast for the S&P […]

April 27
2018

GBPUSD to Extend Losses After Huge UK GDP Miss

GBPUSD talking points: – The UK economy grew by just 0.1% quarter/quarter in the first three months of 2018, well below the 0.3% predicted. Year/year it expanded by a miserly 1.2% rather than the 1.4% forecast. – That has made a Bank of England rate increase in May far less likely, GBP has dropped in […]

April 27
2018

Traders Unamused by Bullish US GDP Print; DXY Remains Stagnant

Talking Points: – The advance estimates for US Gross domestic product came in at 2.3% for 1Q beating the estimated 2.0% – Tax cuts boosted disposable incomes as well as savings, similarly personal consumption also increased – Chances of a rate hike in June stand at 93% – See the DailyFX Economic Calendar for upcoming […]

April 27
2018

US AM Digest: GBPUSD Plummets as Weak GDP Takes Off May Rate Rise

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA -0.03%, NASDAQ 100 +1.6%, S&P 500 +0.3% GBP: Post-Brexit highs seem a thing of the past with GBPUSD now off 600pips from 1.4377. The nail is well and truly in […]

April 27
2018

Asian Stocks Gain On Wall St, Korea Hopes. US GDP Data Up Next

Talking Points: Asian stocks rose broadly Wall St. gave them a head start, hopes for peace on the Korean peninsular helped further The Bank of Japan left its policy settings alone Find out what the #1 mistake that traders make is, so you never have to join them in it. Asian stocks were higher across […]

April 27
2018

US Dollar Nears Short-Term Target; Outlook Remains Bullish

USD Talking Points – US Q1 GDP may surprise to the upside. – ECB President Draghi watches as the Euro falls away. Check out our new Trading Guides: they’re free and have been updated for the first quarter of 2018. IG Client Sentiment data show retail is 52.5% net-long of EURUSD with long positions picking […]

April 27
2018

Asia AM Digest: Yen Eyes BoJ After Seiko Noda Downplays QE Effort

To get the Asia AM Digest every day, SIGN UP HERE Current Market Developments – Weaker New Zealand Consumer Confidence The New Zealand Dollar largely brushed aside local consumer confidence falling to its lowest since August 2016. Meanwhile, more positive US first quarter earnings crossed the wires. Intel and Microsoft beat their revenue targets. Meanwhile, […]

April 27
2018

New Zealand Dollar May Resume Drop After Trade Deficit Surprise

NZ Trade Balance and NZD/USD Talking Points: NZD/USD falls, then pulls back up on New Zealand’s March trade balance report There was a deficit surprise, but either way it may not impact the RBNZ policy path The New Zealand Dollar could decline against USD on Friday’s US Q1 GDP data Just getting started trading the […]