Markets alert – Page 9

July 3
2018

GBP to Rise as UK Construction PMI Hits Highest Level Since November 2017

GBP Analysis and News The UK construction PMI higher than expected in June, as was Monday’s PMI for the UK manufacturing sector. This adds to evidence that Q1 weakness was temporary boosting the case for a near term rate hike. Construction PMI Recovery Continues The UK construction PMI reading accelerated to its highest level since […]

July 3
2018

EUR Downside Beckons Despite German Coalition Deal

EUR price, news and analysis: – The Euro has made little progress despite an immigration deal between German Chancellor Angela Merkel’s CDU and its Bavarian sister party the CSU. – That suggests it could ease further, with trendline support for EURUSD in danger of breaking. Our trading forecasts for Q3 have just been published; you […]

July 3
2018

Yuan Declines to Persist Despite PBoC Intervention

Yuan Analysis and Talking Points PBoC finally stepped in to support the Yuan Yuan declines will likely continue ahead of US tariffs Latest trading forecasts for Q3 have just been published; check them out here Yuan Devaluation? Over the past month, the Chinese Yuan has fallen at a rapid rate amid the backdrop of a […]

July 3
2018

Market Sentiment Holds Up Despite Trade War Worries | Webinar

Market sentiment news and analysis: – So far, concerns about trade wars, German politics, rising oil prices and Brexit have had little negative impact on trader confidence. – There has been a limited flow of money into the safe havens, and ‘risk on’ assets are holding up well. Our trading forecasts for Q3 have just […]

July 3
2018

US AM Digest: Market Jitters and Yuan Selling Halted by PBoC Verbal Intervention

US Market Snapshot via IG: DJIA 0.6%, Nasdaq 100 0.5%, S&P 500 0.4% Major Headlines CSU and CDU agree migration deal, however, SPD have rejected the proposal PBoC Verbal Intervention curbs Yuan decline UK Construction PMI rises to highest level in 7 months RBA stand pat on interest rates at 1.5% AUD: The RBA kept […]

July 3
2018

Trade Worries Still Weigh On Asian Stock As Tariff Deadline Looms

ASIAN STOCKS TALKING POINTS: Asian stocks were mixed yet again on Tuesday A lack of local economic data is keeping investors focus on trade spats The US Dollar was lower against the Euro as Germany’s latest political problem appeared to be resolved Get trading hints and join our analysts for live coverage of all major […]

July 3
2018

Lopez Obrador Declares Victory in Mexican Presidential Election, Peso Falls

Talking Points: The left-wing president claimed about 53% of votes in the election, offering a strong defeat to rivals Obrador has been critical of US President Donald Trump as relations remain strained between nations The ex-Mexico City mayor has pledged to tackle the ‘evil’ of corruption Stay up to date with important economic data with […]

July 3
2018

Australian Dollar Shrugs As RBA Holds OCR At Record Low, Again

Australian Dollar, RBA Policy Decision, Talking Points: The RBA left interest rates alone again It noted that inflation remains below target but thinks it will rise back into that band this year There was little here for Aussie Dollar traders, neutral statement Find out what the retail foreign exchange community makes of the Australian Dollar’s […]

July 2
2018

FX Market Interest Set to Grow as Major Central Banks Alter Policy

Interest in foreign exchange (FX) markets appear to be picking up in 2018 as major central banks alter the course for monetary policy, and the rise in FX volume should present opportunities throughout the coming months especially as the Federal Reserve looks poised to deliver two more rate-hikes over the remainder of the year. Share […]

July 2
2018

US Manufacturing Boasts Surprise Growth in June as Trade Wars Rage

Talking Points: The ISM’s monthly manufacturing figure came in at 62.3 versus an expected 58.5 As trade wars continue, the ISM report cited developing bottlenecks and concern on tariffs The positive release had substantial market impact for currencies paired with the US Stay up to date on important economic data with our Economic Calendar. The […]