Monthly Archives: June 2018

EUR/USD Technical Analysis: Euro showing bullish potential despite trade fears

By | June 25, 2018

Hourly indicators are leaning overbought, short traders are primed for an entry if market sentiment continues to head south after the weekend’s trade war developments. German IFO survey results could edge out the short side if results are positive. The Euro’s double-bottom on larger timeframes is beginning to firm up. EUR/USD Chart, 1-Hour Spot rate:… Read More »

German IFO and US new home sales in focus – TDS

By | June 25, 2018

Analysts at TDS suggest that Germany’s IFO survey and US New home sales are going to be the key economic release for today’s session. Key Quotes “We see downside risks to Germany’s IFO survey for June, with the headline index slipping from 102.2 to 101.4 (mkt 101.8), and more downside coming from expectations than the current… Read More »

US: Trade war to take its toll on rates – TDS

By | June 25, 2018

The tit-for-tat tariff threat between China and the US intensified last week, and from a near-term US growth and inflation perspective, the impact of the tariffs discussed so far is not very high. Key Quotes “The impact can be more meaningful via the financial channel (lower corporate earnings and weaker equities) and the capital channel… Read More »

Japan PM Abe: Will keep requesting exemptions on US tariffs

By | June 25, 2018

Japanese PM Shinzo Abe is on the wires now, via Reuters, noting that he will keep requesting exemptions on the US tariffs for the Japanese companies. This comes after the Wall Street Journal (WSJ) reported that the US President Trump plans new curbs on Chinese investment, which re-ignited global trade war fears. Powered by WPeMatico