To get the Asia AM Digest every day, SIGN UP HERE Current Market Developments – Yen Broadly Lower As this week’s trading session got started, the Japanese Yen gapped lower and depreciated against its major counterparts. Over the weekend, reports crossed the wires that Japan’s government is considering an initial budget proposal that would inject […]
Read moreFundamental Forecast for USOIL: Bullish Talking Points: Brent options skew showing the strongest bias for further gains in four years OPEC looks to have nearly cleared the glut turning the focus on what is next and adding to volatility Per BHI, U.S. Oil Rig Count rises 5 rigs to 820, US total rig count to […]
Read moreTalking Points: A few ‘high’ impact data events, S&P 500 short-term technical outlook murky ECB meeting on Thursday key event for the DAX UK GDP on Friday, FTSE will look to try and hold onto its recent gains For the intermediate-term technical and fundamental outlook for equity markets, check out the recently released DailyFX Q2 […]
Read moreGBPUSD Talking Points and News Soft UK Data and Cautious Carney Pressure Sterling Market Pricing for a May Rate Hike Fall to a 50-50 Chance From Over 80% See how retail traders are positioning in GBPUSD as well as other major FX pairs on an intraday basis using theDailyFX speculative positioning data on the sentiment […]
Read moreTalking Points: – Headline CPI rose by 2.3% YoY in March, slightly below expectations at 2.4% – Core inflation fell below the 2% target at 1.9% – The Loonie is under pressure again this week falling as much as 0.67% against the dollar – See the DailyFX Economic Calendar for upcoming economic data and for […]
Read moreReceive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here USD: The DXY slowly but surely showing small signs of a recovery with the rise in treasury yields helping provide some much-needed support and suggesting better levels are to be had for the USD-index. Given the […]
Read moreRipple News and Talking Points – Ripple benefits from Binance news – Congestion ahead but further gains look likely. The latest Ripple surge will be welcomed by traders with the latest IG Client Sentimentreport showing retail are overwhelmingly long XRP – 96.2% – with net-short positions scarce. You can download the report for free to […]
Read moreTo get the Asia AM Digest every day, SIGN UP HERE The British Pound continued its decline from yesterday, where a softer UK CPI report weakened near-term BoE rate hike expectations. On Thursday, Sterling slipped initially on softer local retail sales data. However, its decline paled in comparison to its sharp drop towards the end […]
Read moreTalking Points: Japanese Yen more interested in risk trends than an in-line local inflation report The anti-risk unit may appreciate if the HKMA sours sentiment via intervention USD/JPY upside momentum is waning, hinting that prices may soon turn lower Build confidence in your own USD/JPY strategy with the help of our free guide! The Japanese […]
Read moreReceive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here GBP: Another hit for the Pound this morning as weaker than expected retail sales pushes GBPUSD briefly through 1.4200 and post-inflation lows of 1.4170. Subsequently, this paints the picture that growth in the UK will remain […]
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