View our guide on how to interpret the FX Dashboard.
- Fed Chairman Powell had an unscheduled meeting with President Trump and Treasury Secretary Mnuchin at the White House this morning; both sides claim the meeting went well and did not discuss the impact of politics on central bank policy (we’re skeptical).
- FX: The pound was the strongest major currency on the day (see here and here for more), while the Australian dollar brought up the rear.
- Commodities: Oil shed over 1.5% on the day while gold was essentially flat. Cryptoassets saw a quick dip across the board after market leader bitcoin broke below previous support near $8350.
- US indices closed essentially flat at record highs after shrugging off trade deal worries this morning.
- Consumer Staples (XLP) were the strongest sector today; Energy (XLE) brought up the rear on the back of falling oil prices.
- See the key storylines and trends we’ll be watching this week!
- Stocks on the move:
- See our full preview for this week’s run of US retailers!
- Nvidia (NVDA) tacked on another 4% as traders continued to digest last week’s strong earnings report.
From time to time, GAIN Capital Australia Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.
As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.