Markets alert – Page 8

July 4
2018

GBP Gains as Strong Service PMI Raises Chance of a Summer Rate Hike

GBPUSD Analysis and News UK Services Rises to Best Level Since October, BoE Rate Hike Bets Boosted PMI Surveys Indicate UK Q2 GDP at 0.4% Check out the brand new Q3 Forecast for GBP/USD Q2 Rebound as Suggested by PMI Surveys The Pound saw an uptick against the US Dollar following today’s UK Services PMI […]

July 4
2018

Gold Price Bounces Off Support, Upside Favored

Gold price, news and analysis: – The gold price has traded within a downward sloping channel since mid-April. – Having bounced from support at the lower boundary, it could be heading towards resistance at the upper boundary. Our trading forecasts for Q3 have just been published; you can find the gold guide here. And check […]

July 4
2018

USD Rise at Risk of Exhaustion, Eyes on FOMC and NFP

USD Analysis and Talking Points Signs are arising for the US Dollar to top out Aside from Trade Wars focus is on FOMC and NFP See our Q3 FX forecast to learn what will drive major currencies throughoutthe quarter. Given the holiday thinned trade with US participants away for Independence Day, the USD index has […]

July 4
2018

Asian Stocks Echo US Losses, USD/CNH on Edge of Lasting Reversal

Asian Stocks Talking Points: Asian shares echo declines from Wall Street, FX restrained in illiquid trade The Yuan’s appreciation is weighing on the US Dollar, AUD & NZD rose USD/CNH at trend line support, a push under may lead to a reversal next We just released our 3Q forecasts for currencies like the US Dollar […]

July 4
2018

US Crude Oil Price Struggles at Three-Year Highs

Crude oil price, news and analysis: – The US crude oil price has hit its highest levels since November 2014 as US inventories fall further. – However, more gains near-term will be difficult to achieve as Saudi Arabia raises output. Our trading forecasts for Q3 have just been published; you can find the oil guide […]

July 4
2018

Trump Entices Foreign Motorcycle Makers in Row with Harley

Talking Points: Harley Davidson continues to face criticism from consumers and the President Shares of Harley Davidson have lost 25% since the beginning of the Trump administration Foreign manufacturers may use this opportunity to gain favor with the administration Japan appears a potential benefactor of the invitation as they could look to gain exemption from […]

July 4
2018

Asia AM Digest: Wall Street Dives, Markets Face Illiquidity Next

Current Developments – USD Remains Lower Despite Declines on Wall Street The plunge in the US Dollar during the first half of Tuesday’s session was met with Yuan gains as the PBOC stepped in with verbal and physical intervention. Governor Yi Gang said that China will keep the Yuan stable at an equilibrium level. This […]

July 4
2018

Japanese Yen Technical Analysis: USDJPY Bulls Still In Control

JAPANESE YEN TECHNICAL ANALYSIS TALKNG POINTS USD/JPY seems to be stalling at its recent highs again However its longer term uptrend remains very much in place AUD/JPY looks much shakier Find out what the #1 mistake that traders make is and how you can fix it! The Japanese Yen is still under broad pressure against […]

July 4
2018

Australian Dollar Gains On Local Retail Sales, China Caixin PMIs

AUSTRALIAN DOLLAR, TRADE AND CHINA CAIXIN PMI TALKING POINTS: Australian retail sales beat forecasts for May, if only just The coutnry’s trade surplus came up short, however AUS/USD traders accentuated the positives Find out what retail foreign exchange traders make of the Australian Dollar’s chances right now at the DailyFX sentiment page. The Australian Dollar […]

July 3
2018

Crude Price Falls On Saudi Arabia Production Increase, CAD Follows

Talking Points: Saudi Arabia has expressed readiness to use spare production capacity to maintain market balance. There are also unconfirmed reports of the US using its strategic reserves to send oil lower. The Canadian Dollar fell following the news, bucking a recent move higher versus the US Dollar. Stay up to date with important economic […]