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The FxPro Analyst Team

FxPro Forex Analysis: Cautious mood has returned to the stocks, Asia has turned to decline

American markets ended trading on Wednesday with a slight increase. Asian bourses also experienced growth at the opening, but it was quickly replaced by increased pressure. As a result, at the time of writing Nikkei225 loses 0.6%, Heng Seng has fallen by 0.8%. Futures for S&P500 have lost 0.1% on Thursday morning, being near 2910 level, away from the intraday highs on 2913. From the technical analysis perspective, the U.S. markets experience difficulties with growth on the approach to an ...

The FxPro Analyst Team

FxPro Forex Analysis: Markets crave optimism: dollar in defense, stocks grow despite import tariffs

Despite the expansion of tariffs between China and the United States, global markets remain positive. MSCI Asia ex Japan adds 0.7% this morning; Hong Kong’s Heng Seng increases by 1.1%, although China announced the introduction of 5-10%-tariffs for the U.S. imports of up to $60 billion. S&P500 added 0.5% on Tuesday to the levels above 2900, to important resistance where the correction began last month. Among other important factors, it is worth highlighting the yield growth for 10-year U.S. ...

The FxPro Analyst Team

FxPro Forex Analysis: Markets reversed to growth, despite new tariffs on China import

Trump’s administration announced the introduction of 10%-tariffs for Chinese imports to $200 billion. The news had a moderate negative impact on the markets. The dynamics is limited, as the information about these measures appeared on Monday, which took from MSCI about 1% on Monday. We see something like the traditional reaction of the market "buy rumors, sell facts." At the same time, we cannot forget about the long-term negative consequences of the world trade problems. It is cautious to ...

The FxPro Analyst Team

FxPro Forex Analysis: Emerging markets rebound seems over, dollar gains on renewed trade worries

Asian markets have turned to a decline with a renewed force. After the rebound of last week, the index MSCI Asia ex Japan loses 1.2% and is only 1.5% above the 14-month lows. Futures for S&P500 have returned to 2900 area, lost 0.4% from Friday’s intraday highs. The pressure on the markets increased after reports that the U.S. intended to announce the introduction of tariffs for the U.S. goods up to 200 billion as early as on Monday. China threatens to abandon the negotiations announced last ...

The FxPro Analyst Team

FxPro Forex Analysis: Rebound in Asian markets intensifies, dollar recedes

On Friday morning, the demand for risks on the Asian bourses continues to recover. MSCI for Asia ex Japan is adding more than 1.2% this morning, having evolved the increase from 14-month lows to 2.8%. Hong Kong’s Heng Seng recovered to 1.5 week’s levels. Previously, we pointed out that the technical factors were in favor of this rebound after the indices had entered the oversold zone. The current rebound can last for a while, as the wave of short speculative positions on the indices of ...

The FxPro Analyst Team

FxPro Forex Analysis: Three reasons for rebounding EM indices

Asian markets are adding after reaching 14-month lows the day before. Positive markets are supported by the reports about China's invitation to trade negotiations. Previous negotiations did not bring any results and led to a tightening of the rhetoric and tariff expansion. However, the positive markets are fuelled by the sentiment that President Trump's administration will be slightly more inclined to reach an agreement, having faced a public coalition of 85 industrial groups in the US that ...

The FxPro Analyst Team

FxPro Forex Analysis: Strong data supports U.S. markets and limits EM decline

Stocks of the Emerging Markets remain under pressure on Wednesday morning, with positive sentiments prevailing in American markets following strong macroeconomic statistics. MSCI for Asia-Pacific region has been updating its lows since July 2017, losing 0.5% on Wednesday. Hong Kong’s Hang Seng loses 0.2% but is also in the area of 14-month lows. Both of these indices have entered the oversold zone on RSI, which reflects a strong impulse for the decline, but also requires attention to a possible ...

The FxPro Analyst Team

FxPro Forex Analysis: Pound and euro press dollar on news about Brexit, despite pressure on Asian markets

Michael Barnier, the EU’s top negotiator on Brexit, called a reaching of the agreement on the deal within next 6-8 weeks realistic. This news supported the growth of the British currency, returning the sterling above 1.3040 of the dollar, to the highs since the beginning of August. The reaching of the agreement will reduce uncertainty around the British currency and cause a collapse of pessimistic positions that were betting on the development of the worst-case scenario. Later in the day, ...

The FxPro Analyst Team

FxPro Forex Analysis: The dollar grows on wages data; falling AUD is a sign of serious slowdown for China

The US dollar is on the rise after strong U.S. labour market data published on Friday. The EURUSD is traded near 1.1540; it returned to this month lows. The U.S. stock markets had been declining the fifth day in a row on Friday, and had increased the losses during week to 1.2% on S&P500. The dollar index is trading near 94.45, adding almost 0.6% after the release of the statistics for August. MSCI for Asia-Pacific region declined by 3.5% last week and remains under pressure on Monday, losing ...