Investing.com – Wall Street fell on Thursday as Netflix (NASDAQ:NFLX) struck a bitter note to start the tech sector's earnings season.
The ingredients are in place for the USDJPY to cement its position as one of the liveliest FX pairs on the radars of investors heading into the second half of 2019.
Gold sentiment is ready to take more gains, but fundamental and technical studies suggest more caution ahead of significant catalysts such as central banks and US economic data.
Based on the early price action, the direction of the September U.S. Dollar Index the rest of the session is likely to be determined by trader reaction to the pivot at 96.740.
Based on the early price action and the current price at 1.1225, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at 1.1208.
British retail spending was surprisingly strong in June, according to data released Thursday — with shoppers seeking out discounts at charity shops. Monthly sales grew 1% in June, for a 12-month growth rate of 3.8%, the U.K. Office for National Statistics reported. Samuel Tombs, chief U.K. economist at Pantheon Macroeconomics, said the results show that U.K. consumers are happy to spend the growth in real wages and aren’t haunted by the possibility of a no-deal Brexit.
Investing.com - U.S. futures fell on Thursday, under the dual impact of a disappointing quarterly update from Netflix and revived concerns about U.S.-China trade.
Investing.com - The U.S. dollar was flat on Thursday after data showing that business activity in the Mid-Atlantic jumped to its strongest level in a year.
The euro felt pressure after Bloomberg Television reported that the staff of the European Central Bank was studying whether to revise its inflation target, which currently is below, but close to, 2% over the medium term. The euro was trading at $1.1207, vs $1.1230 before the report.
Investing.com - Gold prices hit intraday lows on Thursday after a bout of better-than-expected U.S. data took some of the wind out of hopes for aggressive policy easing from the Federal Reserve.
We’re likely to see a lot of two-sided trading over the near-term with the European Central Bank set to meet on July 25, and the Fed on July 31. At this time, all we can say is be careful buying strength or selling weakness unless you have strong volume on your side.
GBP/USD is recovery from a low set yesterday near the 1.2400 handle. The pair caught a strong bid in early day trading after UK retail sales came in ahead of expectations.
A cautious attitude is returning to investors. President Trump put pressure on stock markets, recalling the readiness to impose tariffs on Chinese goods worth up to 325 billion, which returned to market fears over the consequences of trade conflicts.
At the top of today’s watchlist, traders look for the US Jobless Claim reports. A triumphant march above the 50-day and 100-day SMA conflux would activate the 200-day SMA stalled near 1.3200 psychological mark.
Our researchers identified this critical Double-Top pattern in the Transportation Index after a very strong price rally on Friday, July 12.
It was a mixed bag on the data front in Asia as Japan sees exports tumble. Corporate earnings also disappointed as trade war angst returns…
Moody's de México, S.A. de C.V. (Moody's) has assigned an Aaa.mx national scale rating to the Central American Bank for Economic Integration (CABEI) proposed senior unsecured floating local notes with a three year tenor, due 19 July 2022, CABEI 2-19. Moody's has also assigned a A1 global scale rating to the notes due 2022, CABEI 2-19.
Investing.com - The U.S. dollar was slightly weaker against a currency basket on Thursday as lower U.S. yields and a recovery in the British pound weighed.
Investing.com - The U.S. dollar slipped on Thursday after the International Monetary Fund (IMF) said the currency is overvalued, while a rebound in the pound also weighed.
Today, Prime Minister Theresa May broadcasted a piece of advice to her successor. The drowning Fiber finally found a stoppage near 1.1200 level on Wednesday.
With President Trump saying Tuesday that there’s still a long way to go to reach a deal with China, threatening to slap tariffs on another $325 billion of Chinese goods, gold is becoming the strongest currency. Gold prices on the Euro also hit a fresh 6-year high.