Markets alert – Page 7

July 6
2018

Asia AM Digest: USD Pauses Rise on FOMC Minutes, Trade War Ahead?

Current Developments – USD Tops After FOMC Minutes The US Dollar finished Thursday’s session rather mixed having experienced losses during the first half followed by gains in the second. During the former, its weakness may have been due to broad Euro strength as the ECB increased hawkish monetary policy bets. Then, news that the US […]

July 6
2018

Japanese Yen Gains As Wages Soar But Households Remain Gloomy

JAPAN CASH EARNINGS, TALKING POINTS: Japanese labor cash earnings soared past forecasts in May However data released earlier showed a collapse in household spending The Yen made gains nonetheless Find out what retail foreign exchange traders make of the Japanese Yen’s chances right now at the DailyFX Sentiment Page The Japanese Yen strengthened on Friday […]

July 5
2018

DAX Analysis: Gains Accelerate on Auto Boost

DAX Analysis and News US Proposes to Stop Threats of EU Auto Tariffs DAX Led Higher by German Auto Names Auto Names Drive the DAX 30 Index Higher First signs of a slight easing of trade tensions between the US and EU have been realized following reports after market yesterday that the US has offered […]

July 5
2018

EURUSD Breaks Above Near-Term Resistance on Rate Hike Report

EUR price, news and analysis: – Suggestions that the European Central Bank could increase Eurozone interest rates well before the end of next year is boosting EURUSD. – Technically, it has broken above near-term trendline resistance – a positive signal. Our trading forecasts for Q3 have just been published; you can find the EUR guide […]

July 5
2018

US AM Digest: GBP Talked up by Carney, Trade Concession Hopes Buoy Stocks

US Market Snapshot via IG: DJIA 0.4%, Nasdaq 100 0.6%, S&P 500 0.4% Major Headlines US Proposes to Stop Threats of EU Auto Tariffs US ADP Misses Expectations for a 4th Straight Month Trump Slams OPEC Again to Bring Down Oil Prices USD: The USD is on the backfoot ahead of tomorrow’s tariff implementation on […]

July 5
2018

Asia Stocks Drop as US Tariffs on China Due, Nikkei 225 May Fall

Asian Stocks Talking Points: Asian stocks mostly drop as US imposing tariffs on China look unavoidable Anti-risk Japanese Yen rose while the Australian Dollar fell, USD may rise The Nikkei 225 broke below key support and more declines could be ahead We just released our 3Q forecasts for currencies like the US Dollar in the […]

July 5
2018

GBP Rally Possible as UK Rate Prospects and Football Boost Confidence

GBP price, news and analysis: – A further rally in GBPUSD looks possible as England progress in the football world cup and the chances of a UK rate rise next month increase. – However, this weekend’s UK government meeting on Brexit could dampen spirits. Our trading forecasts for Q3 have just been published; you can […]

July 5
2018

Euro Gains as ECB Increases Rate Hike Bets, EUR/USD May Rise Next

Euro Talking Points: Euro prices rose as some ECB members fret over late-2019 rate hike bets Upcoming commentary from Yves Mersch could reveal more details next EUR/USD’s recent consolidation is met with fading downside momentum We just released our 3Q forecasts for currencies like the Euro in the DailyFX Trading Guides page During illiquid trading […]

July 4
2018

China’s PBOC Seeks to Calm Yuan, Equities ahead of US Tariff Deadline

China Calms Yuan, Equities – Taking Points: Five PBOC officials commented on the Yuan and equities to boost market confidence. Chinese securities, banking and insurance regulators met to cope with financial risks. Capital outflows from China through stock links saw increases after the equity plunge. Chinese regulators have been trying to calm the volatile Chinese […]

July 4
2018

Third Quarter Forecasts for Dollar, Euro, Oil, Equities and More

The second quarter has come to a close, and a market of volatility and uncertain trends now transitions into the latter half of 2018. With sweeping fundamental concerns such as trade wars, the stability of the Euro-area, the path of Brexit and the health of global growth itself plauging the markets; the outlook for the […]