We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
More View more
Real Time News
  • The Australian Dollar and New Zealand Dollar tend to rise with stocks. They have recently fallen despite gains in the #SP500. What does this mean for $AUDUSD and $NZDUSD ahead? #AUD #NZD #RBA #RBNZ - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/01/17/AUDUSD-NZDUSD-Outlook-Looks-Past-Stocks-to-Rate-Cut-Bets.html?CHID=9&QPID=917702 https://t.co/ddf2fV7Kyl
  • A few snippets from today's commentary. Check out the link below for the full story (via @DailyFX). https://t.co/I31tuq764r https://t.co/x0BaiOFA1P
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/e2YrN3dBrl
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.00%, while traders in France 40 are at opposite extremes with 79.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UL7hqSD2Ki
  • US Dollar Forecast: $USD Lacking Impetus Ahead of Consumer Sentiment #Forex traders shift focus away from US-China trade deal headlines - perhaps toward the monthly release of #ConsumerSentiment data for volatility and clues on the Greenback's next move https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/01/16/us-dollar-forecast-usd-lacking-impetus-ahead-of-consumer-sentiment.html
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.11% 🇦🇺AUD: -0.02% 🇯🇵JPY: -0.03% 🇨🇭CHF: -0.05% 🇬🇧GBP: -0.06% 🇨🇦CAD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Kxcb9EtIWb
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.45% France 40: 0.26% Wall Street: 0.07% US 500: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/I5YIsKQAog
  • 🇯🇵 JPY Tertiary Industry Index (MoM) (NOV), Actual: 1.3% Expected: 1.0% Previous: -5.2% https://www.dailyfx.com/economic-calendar#2020-01-17
  • The $JPY has weakened as a bounce-back in risk appetite saps haven-asset demand. However, the old uptrend line still provides clear resistance. Get your market update from @DavidCottleFX HERE:https://t.co/IMhgQ9jbF9 https://t.co/I7087olftk
  • Heads Up:🇯🇵 JPY Tertiary Industry Index (MoM) (NOV) due at 04:30 GMT (15min), Actual: N/A Expected: 1.0% Previous: -4.6% https://www.dailyfx.com/economic-calendar#2020-01-17
Euro Fails To Hold Onto Post Bailout Gains As Yield Expectations Dim

Euro Fails To Hold Onto Post Bailout Gains As Yield Expectations Dim

2010-05-10 19:00:00
John Rivera, Currency Analyst



ECB Interest Rate Expectations
The outlook for European interest rates improved on the back of the bailout package with overnight index swaps pricing in 37.6 bps of tightening over the next twelve months compared with 28.3 on May 7th. However, the European central bank buying government and private debt has dimmed any chance for a rate hike in the near-term. The upcoming Euro-zone GDP report may be the only upcoming event risk that could significantly alter yield expectations. Early forecasts are for a 0.1% increase in growth, as the region’s economy is expected to have overcome severe weather to post a quarterly gain. A disappointing figure could reignite concerns for the region and weigh in the prospect of tightening and the Euro. Conversely, strong growth in GDP would add to the brightened outlook for the region and could generate Euro support. Discuss this and trading ideas join the EUR/USD forum.

FOMC Interest Rate Expectations
U.S. interest rate expectations rose following Friday’s U.S. labor that showed the economy added more than 200,000 jobs in the past two months. Although the report showed the unemployment rate rising to 9.9% which is the metric that policy makers have targeted as a gauge for when to raise rates, it was mainly due to new entrants into the labor market. Therefore, if the current trend continues we could start to see the level of unemployed fall, clearing the way for higher rates. Markets are only pricing in a 6.8% chance of a rate hike in June, but the increase in the prospect for a full one point hike reflects the potential for the central bank to become aggressive once they make a shift in monetary policy. 

U.S. equity markets spiked higher on the back of the Greek bailout erasing losses from last week. There could be more upside potential as markets may begin to price in the positive labor market report. There is very little event risk until Friday’s U.S. retail sales report which could see markets trend sideways. An increase in consumer consumption should add tot eh improving outlook for growth and provide support for equity markets. Price action moving back above the 38.2% Fibo of the 9835-11,248 could see the level become significant support.     Discuss this and other fundamental data in the Economics Forum. 
To discuss this report or be added to the email list contact John Rivera, Currency Analyst: instructor@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.