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 […]

Asia AM Digest: EUR & AUD Up, Can Tokyo Echo Wall Street Rise?

Current Developments – Euro, Sentiment and Australian Dollar Rises A rally in the Euro on Wednesday helped to keep the US Dollar suppressed as the markets searched for yield prospects outside of the world’s largest economy. During the first half of yesterday’s session, comments from ECB Executive Board Member Peter Praet helped push German front-end […]

Italian Stocks Fall, Bond Yields Rise as Political Worries Increase

Italy talking points: – In Italy, the anti-establishment 5-Star movement and the anti-immigrant League now seem likely to form the next government. – That has sent 10-year Italian government bond yields to their highest for seven weeks and knocked Italian stock prices lower. Check out the IG Client Sentiment data to help you trade profitably. […]

Crude Oil Price Rise May Stall on EIA Drilling Data

Talking Points: Crude oil and gold prices rose after data showed slowing US wage growth Easing worries about steep Fed rate hikes lifted sentiment, hurt US Dollar Stock index futures hint at “risk-on” mood ahead, EIA drilling report due Crude oil prices shot higher as February’s US labor-market statistics showed wage inflation dropped back to […]

Dollar Rise Cut Short, Bitcoin Volatility Cools, Oil Bear Trend In Doubt

Talking Points: The Dollar’s inverse head-and-shoulders break was scuttled, and Yellen’s views next week will struggle to revive the move A central bank forum (ECB, BoE, BoJ, BoC) can stir up relative policy pressure, but its scope will likely be grander Top volatility hopes – Dollar, oil and Bitcoin – are universally cooling meaning the […]

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Euro Falls After Macron Win, Yen May Rise on Risk Aversion

Talking Points: Euro falls even as Macron wins French presidential election NZ Dollar before RBNZ meeting, Aussie falls after China data Japanese Yen may rise as sentiment sours around the markets The Euro declined even as market favorite Emmanuel Macron emerged victorious in the second round of the French presidential election. As argued previously, the […]

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Strong Start To US Earnings Season Bodes Well For Rate Rise Expectations

Talking Points – JPMorgan, Citigroup and Wells Fargo all beat EPS forecasts. – Their results were buoyed by higher interest rates. – The positive results suggest the Fed will continue to tighten monetary policy. See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for the […]