Markets alert – Page 6

July 9
2018

Japanese Yen Steady As Kuroda Sticks Firmly To His Monetary Guns

Japanese Yen, Kuroda Speech, Talking Points: The BoJ Governor stuck firmly to his line that inflation in Japan will rise toward target However at the moment it remains very far below it, and signs of a sustainable rise are few The Japanese Yen market was clearly focused elsewhere Find out what retail foreign exchange traders […]

July 7
2018

Oil Forecast: Bearish Series Unfolds as Monthly Opening Range Snaps

Fundamental Forecast for Oil: Bearish Oil Talking Points Crude appears to be on the cusp of a larger pullback as it snaps the range-bound price action from the start of July Oil prices may exhibit a more bearish behavior over the coming days as they initiate a series of lower highs & lows With the […]

July 7
2018

Yuan, Equities Eye on US-China Tariffs, Foreign Reserves and Lending

Fundamental Forecast for CNH: Neutral The Chinese Yuan and equites could take further hits from additional US-China tariff battles. No significant drop in China’s foreign reserves may help to improve market confidence. A controlled expansion in lending may leave room for PBOC to cut RRR further. How to trade news? Learn with DailyFX Free Trading […]

July 6
2018

Canadian Unemployment Disappoints Ahead of Next Week’s BoC Rate Decision

Talking Points: Canadian unemployment for June rests at 6.0%, increasing 0.2 percentage points from May The Canadian dollar climbed versus the dollar as unemployment similarly ticked higher in the US Trade remains a pivotal topic for the Canadian economy as NAFTA remains unresolved and metal tariffs in place Bank of Canada’s rate decision is scheduled […]

July 6
2018

CAD to Gain on Firm Canadian Jobs Report Giving Green Light to BoC Hike

CAD Analysis and Talking Points Canada expected to add 24k jobs for the month of June Better than expected jobs report to cement BoC rate hike next week. Canada is expected to show a jobs gain of 24k (Low 20k, High 35k) with the unemployment rate standing at 5.8%. A reading above expectations should cement […]

July 6
2018

US Dollar Falls on Overall Soft NFP Report as Wage Data Misses Forecasts

NFP Analysis and Talking Points US Nonfarm Payrolls rose by 213k in June, beating expectations of 195k expected; Prior month revised higher. US Average Hourly Earnings misses forecasts. US Unemployment Rate shows surprise 0.2ppt rise amid boost in participation rate See our latest Q3 FX forecast to learn what will drive the currency through the […]

July 6
2018

Asian Stocks Mixed As Tariff Deadline Passes,US Payrolls Loom

ASIAN STOCKS TALKING POINTS: Asian stocks were mixed into the week’s end Trade worries again dominated sentiment although some beaten down stocks still managed gains The US Dollar was steady before the key payrolls release Find out what retail foreign exchange traders make of the Australian Dollar’s prospects right now, in real time, at the […]

July 6
2018

US Crude Oil Price Rise Still Possible Once Consolidation Period Ends

Crude oil price, news and analysis: – The price of US crude oil has shrugged off a demand by US President Donald Trump that OPEC cuts prices. – With concerns persisting about oil flows from Iran, further strength cannot be ruled out. Our trading forecasts for Q3 have just been published; you can find the […]

July 6
2018

China Says ’Ready to Fight’ in the Trade War on Eve of US Tariff Hit

China to Fight Against US Tariffs – Talking Points: China sees the US Tariffs, effective on Friday, to be “the first shot” of the trade war. Chinese tariffs on $34 billion US goods will be a fight back; more tit-for-tat hits are expected. The Banking and Security regulator expressed confidence in the Yuan and Chinese […]

July 6
2018

US Stocks’ Altitude Owes Nearly Everything To Rampant Buybacks

Talking Points: US stock markets are doing pretty well at first glance However much of their pep is down to enormous, multibillion dollar share buybacks These pose some worrying questions for the bulls DailyFX Analysts have made their fundamental and technical forecasts for the third quarter, across a range of widely traded assets. Check them […]