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RAND TALKING POINTS & ANALYSIS • Hawkish US data has overshadowed optimistic SA releases. • Fed officials under the spotlight today. • Trendline support in question as trade week draws to a close. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter
The DAX index, a European financial staple, tracks 40 prominent companies on the Frankfurt Stock Exchange. These aren’t your average firms; they’re the cream of the crop, representing the European business elite. Calculated meticulously using the free-float market capitalization method, the DAX is a barometer of these industry giants, influencing the pulse of European markets.
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
USD/CAD Analysis Slowing Economy Weighs on Future Monetary Policy Guidance The surprise economic contraction experienced in Q2 reflects the tightening of financial conditions in Canada as a result of historically fast acceleration in the benchmark interest rate. Q2 revealed declining growth which, when annualized as a percentage, represents a yearly decline of 0.2%. However, the
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© Reuters. Investing.com – The U.S. dollar steadied near a six-month peak in early European trade Thursday, boosted by signs of a resilient U.S. economy even as the global outlook weakened. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 104.897,
Share: Further advance could see USD/CNH testing the 7.3500 zone in the short-term horizon according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: Yesterday, we held the view that USD “is likely to rise further even though it is unlikely to reach 7.3500.” We
POUND STERLING ANALYSIS & TALKING POINTS BoE guidance & UK housing price report weigh negatively on GBP. US in focus later today. Head & shoulders breakout opens up subsequent support zones. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD FUNDAMENTAL BACKDROP The British pound faced some stiff competition from the US dollar yesterday
European markets are heading for a lower open today (Thursday) with investors looking ahead to the Q2 GDP and employment change over the same period. Data continues to come in very weak from Germany where Industrial Production just showed a further decline after Factory Orders plummeted again yesterday (-11.7% m/m). This also plays a role
