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
EUR/USD
Bullish
GBP/USD
Bullish
USD/JPY
Bearish
Low
High
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
Gold
Bullish
Low
High
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
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.57%, while traders in France 40 are at opposite extremes with 84.00%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/lCP80FZFD8
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.14% Gold: -0.53% Silver: -0.78% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/EGNbk1OlkQ
  • RT @TradeFloorAudio: UK Bookmaker Paddy Power cuts the odds of a Conservative Party majority at upcoming #GE2019 from 4/7 to 4/9 .... It ha…
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.41% 🇳🇿NZD: 0.12% 🇪🇺EUR: 0.09% 🇨🇭CHF: -0.02% 🇦🇺AUD: -0.02% 🇯🇵JPY: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/0Z5fYqqkex
  • LIVE NOW: Join Market Analyst @DavidCottleFX for a look ahead at the major economic data which will drive Asia Pacific markets in the coming seven days. Register here: https://www.dailyfx.com/webinars/985612483?CHID=9&QPID=917720
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.19% US 500: 0.17% Germany 30: 0.11% France 40: 0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/GLPREk9GG5
  • Why financial market traders must monitor both monetary and fiscal policy?Find out from @MartinSEssex here: https://t.co/Fkzk88Y5gm https://t.co/BCtPSUCBO9
  • LIVE IN 30 MIN: Join Market Analyst @DavidCottleFX for a look ahead at the major economic data which will drive Asia Pacific markets in the coming seven days. Register here: https://www.dailyfx.com/webinars/985612483?CHID=9&QPID=917720
  • European Opening Calls From IG: #FTSE 7302 -0.02% #DAX 13229 -0.10% #CAC 5936 -0.06% #AEX 599 +0.03% #MIB 23521 -0.29% #IBEX 9248 -0.14% #STOXX 3708 -0.09%
  • 🇨🇳 CNY Foreign Direct Investment (YoY) (OCT), Actual: 7.4% Expected: N/A Previous: 3.8% https://www.dailyfx.com/economic-calendar#2019-11-18
EUR/USD Gains Undermined by EU-US Trade War Fears, Yen May Gain

EUR/USD Gains Undermined by EU-US Trade War Fears, Yen May Gain

2019-04-08 23:00:00
Daniel Dubrovsky, Analyst
Share:

Asia Pacific Market Open Talking Points

Find out what the #1 mistake that traders make is and how you can fix it!

Breaking News: USTR Proposes EU Product Tariffs

EUR/USD fell in early Asia Tuesday trade after the Office of the United States Trade Representative (USTR) proposed levying tariffs on European products. This is to be a countermeasure after the WTO repeatedly found that EU subsidies to Airbus, a major commercial aircraft producer, “have caused adverse effects to the United States”. This is another warning sign that US-EU trade tensions are re-igniting.

EUR/USD Reaction to USTR EU Tariff Proposal News

EUR/USD Gains Undermined by EU-US Trade War Fears, Yen May Gain

Chart Created in TradingView

FX News Monday

The Euro gave up some gains from earlier in the day as the US Dollar underperformed against its major counterparts on Monday, weakening in the aftermath of a mixed local jobs report from Friday. Accompanying increased jobs gains were a disappointment in wage growth and labor force participation data. It traded broadly lower with falling front-end government bond prices, especially in the latter half of the day.

After S&P 500 futures weakened, the index made a U-turn following market open as it managed a +0.10% close. Gains in the equity tracked a surge in crude oil prices. Newswires attributed this to increased tensions in Libya which may disrupt supply chains, boosting the commodity. Earlier, there was an airstrike conducted by the Libyan National Army - one of the leading factions in the on-going civil war - near Mitiga International Airport.

Tuesday’s Asia Pacific Trading Session

Nikkei 225 futures are now pointing lower heading into Tuesday’s market open, hinting that renewed trade war fears may drag on market optimism. This comes after US-China ones end without a tangible breakthrough. If this is the case, the anti-risk Japanese Yen may gain while the sentiment-oriented Australian and New Zealand Dollars weaken.

US Trading Session Economic Events

EUR/USD Gains Undermined by EU-US Trade War Fears, Yen May Gain

Asia Pacific Trading Session Economic Events

EUR/USD Gains Undermined by EU-US Trade War Fears, Yen May Gain

** All times listed in GMT. See the full economic calendar here

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for DailyFX.com

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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

DISCLOSURES

News & Analysis at your fingertips.