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fxasker-blog · 8 years ago

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Why can I not enter my order into MT5 with PAXFOREX?

Why can I not enter my order into MT5 with PAXFOREX? Read More http://fxasker.com/question/aeef03cd6862dd40/ FXAsker

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its-veso · 5 years ago

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USD: Hedge Funds On The Short Side; USD Sell-Off Begins 1-2 Months Ahead Of Fed Rate Cuts – Citi

Markets are pricing in two rate cuts from the Federal Reserve this year. What does it mean for the dollar?

Citi discusses the USD outlook and notes that Fed rate cut expectations are likely to keep USD on the defensive, while the greenback also faces challenges ahead of major US releases this week, including May retail sales, Industrial Production and CPI.

“USD longs remain at risk, as per the CitiFX Flows & Positioning Indicator that shows leveraged (hedge fund) selling of USD.

History also shows that USD sell offs begin some 1-2 months prior to Fed rate cuts (most analysts now see the Fed cutting in July) leading to USD weakness by around 3.5% on average (so far, the USD Index (DXY) has fallen a little over 1.1%),” Citi notes.

“This week’s US May CPI is likely to garner most attention given how critical it is to Fed rate cut expectations. Citi analysts expect a solid 0.21%MoM rebound in May with weakness in transitory factors likely moderating while underlying components of inflation remain solid,” Citi adds.

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megadarkbouquettidalwavethings · 7 years ago

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Stocks climb despite rise in U.S. inflation; dollar on defensive

TOKYO (Reuters) – Asian stocks rose on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, in a move that also saw the dollar pinned to two-week lows even as Treasury yields jumped in anticipation of more rapid U.S. interest rate hikes.

Spreadbetters expected European stocks to also open higher, with Britain’s FTSE seen rising 0.5 percent, Germany’s DAX gaining 1 percent and France’s CAC advancing 0.8 percent.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.3 percent.

Australian stocks climbed 1.15 percent and South Korea’s KOSPI added 1.1 percent. Japan’s Nikkei advanced 1.5 percent following three successive days of losses that took it to a four-month low the previous day.

U.S. shares surged on Wednesday, with the Dow up 1 percent and the S&P 500 climbing 1.34 percent, as investors shrugged off the stronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple. [.N]

S&P mini futures rose 0.4 percent on Thursday.

The VIX index – Wall Street’s “fear gauge” and a measure of market volatility – has declined below 20, less than half the 50-point peak touched last week.

U.S. consumer prices rose slightly more than forecast in January as Americans paid more for gasoline, rental accommodation and healthcare, further raising inflation concerns and worries that the Federal Reserve may hike interest rates more than earlier expected.

That drove U.S. Treasury yields on most maturities higher, with those on benchmark 10-year notes hitting a four-year high of 2.928 percent.

Other data on Wednesday showed U.S. retail sales fell 0.3 percent in January to mark the biggest decline in 11 months. This was well below forecasts for an increase of 0.2 percent, suggesting slower growth could accompany higher inflation.

“The combination of stellar U.S. CPI and weak retail sales data leaves investors in a precarious situation,” wrote strategists at CitiFX.

“Strong price data presents hawkish risks for the Fed’s dots at the March meeting. Three dots have been the baseline and now four seems a greater risk. Meanwhile, retail sales results have caused a downgrade of GDP estimates across the Street.”

Dot plots represent Fed officials’ expectations for interest rate hikes.

The dollar index against a basket of currencies slipped 0.3 percent to 88.879 after losing more than 0.6 percent overnight despite the strong inflation number.

The recovery in broader risk sentiment was seen weighing on the dollar, which had gained during the market turmoil earlier in the month.

The U.S. currency has been weighed down by a variety of factors this year, including concerns that Washington might pursue a weak dollar strategy and the perceived erosion of its yield advantage as other countries start to scale back their easier monetary policy. Concerns about the growing U.S. fiscal deficit have also intensified.

The dollar stretched overnight losses against the Japanese yen to touch a 15-month low of 106.300, having declined more than 2 percent so far this week, causing the Nikkei to underperform its global peers.

“Japanese stocks could act as drag to their regional counterparts if the stronger yen hampers its performance. In that respect the strong yen could be seen as a factor preventing the stabilization in global markets,” said Masafumi Yamamoto, chief currency strategist at Mizuho Securities in Tokyo.

The euro extended gains to reach a 10-day high of $1.2473 after surging 0.8 percent the previous day.

The South African rand traded at 11.73 per dollar and near a 2-1/2-year high of 11.66 set overnight after the country’s ruling African National Congress (ANC) said it would proceed with a vote to remove President Jacob Zuma from office.

The Australian dollar added to the previous day’s rally and reached a 10-day top of $0.7946.

In commodities, Brent crude futures were up 1.1 percent at $65.06 per barrel after prices surged the previous day as U.S. crude stocks rose less than expected and Saudi Energy Minister Khalid al-Falih said major oil producers would prefer tighter markets than end supply cuts too early.

Crude also benefited from the dollar’s weakness. Oil tends to move inversely to the dollar, and has also of late been trading in tandem with stocks.

Spot gold rose to a 10-day top of $7,195 per ounce and on track for a weekly gain of more than 6 percent, supported by the sagging dollar and as the metal drew demand as a hedge against inflation following the rise in U.S. inflation.

Reporting by Shinichi Saoshiro; Editing by Shri Navaratnam, Eric Meijer and Kim Coghill

Our Standards:The Thomson Reuters Trust Principles.

The post Stocks climb despite rise in U.S. inflation; dollar on defensive appeared first on Sports News, Transfers, Scores | Watch Live Sport.

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chloe-jayde · 8 years ago

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Dollar jumps on hopes for Trump-Abe meeting, U.S. tax reform

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollar-jumps-on-hopes-for-trump-abe-meeting-u-s-tax-reform

Dollar jumps on hopes for Trump-Abe meeting, U.S. tax reform

By Sam Forgione

NEW YORK (Reuters) – The dollar gained on Friday on expectations of a constructive meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe, while Trump’s comments on tax reform Thursday continued to support the greenback.

Expectations that Abe could signal increased Japanese investment in the United States underpinned optimism surrounding the meeting between the two leaders, while Trump’s promise on Thursday of a “phenomenal” tax reform plan over the next two or three weeks continued to support the dollar against most of its major rivals.

The euro touched $1.0608 , its lowest level against the dollar since Jan. 19, while the dollar touched 113.85 yen , its highest against the Japanese currency since Feb. 1.

The (), which measures the greenback against a basket of six major currencies, rose as much as 0.3 percent to an 11-day high of 101.010. The index later pared gains and was last up about 0.2 percent at 100.880.

While Trump may discuss his concerns over a strong dollar with his Japanese counterpart, it is expected that whatever is said publicly after the meeting will focus on trade and investment deals.

There was little expectation Trump would reiterate his recent accusation that Japan was one of several countries devaluing their currencies to the disadvantage of the United States.

“It looks as if Abe is coming in determined to maintain the U.S.-Japan relationship,” said Steven Englander, global head of G10 FX strategy at CitiFX in New York. “It would be a big surprise if Trump were to complain about dollar/yen.”

Trump’s tax promise on Thursday, made during a White House meeting with airline executives, continued to calm some of the nerves that have dominated currency markets for weeks and put the focus back on Trump’s efforts to boost economic growth. That reinvigorated dollar bulls.

“This was seen as a pivot back to the economic agenda,” said Vassili Serebriakov, currency strategist at Credit Agricole (PA:) in New York, in reference to Trump’s statement on tax reform. “Today is a continuation of that move.”

Dealers also said Trump’s backing down on surprise early criticisms of China’s “One China” policy helped boost risk appetite globally.

The dollar hit its lowest level against the Russian rouble since late July 2015 of 58.4486 rubles <>. Englander of CitiFX said gains in oil prices on Friday boosted the rouble given Russia’s role as a crude exporter.

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Read More https://worldwide-finance.net/news/commodities-futures-news/dollar-jumps-on-hopes-for-trump-abe-meeting-u-s-tax-reform

#dollar #hopes #jumps #meeting #Reform #tax #TrumpAbe

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jettadarkwynd · 8 years ago