News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
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
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/N4yw7phA6q
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 92.96%, while traders in NZD/USD are at opposite extremes with 74.97%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/QAczjZNmm1
  • As prices dance around on charts, traders are often looking for reasons to explain price movements; however, the underlying source of price movement boils down to the relationship between supply and demand. Learn more about the forces of S&D on forex here: https://t.co/8LfkLXbj2W https://t.co/vwEb1RZ0yr
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Gold: 0.06% Silver: -0.08% Oil - US Crude: -2.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Xbrgfhykit
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.22% 🇨🇭CHF: 0.21% 🇦🇺AUD: -0.02% 🇨🇦CAD: -0.04% 🇳🇿NZD: -0.06% 🇬🇧GBP: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/GzzlaYGofm
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.03% Wall Street: -0.01% France 40: -0.01% Germany 30: -0.03% US 500: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/sHHu6wUEEn
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACQ6Cz https://t.co/qbgOyJ7gwT
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇨🇭CHF: 0.14% 🇦🇺AUD: -0.05% 🇨🇦CAD: -0.08% 🇳🇿NZD: -0.13% 🇬🇧GBP: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/cSsg7l8b4x
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.05% Wall Street: 0.01% US 500: 0.01% France 40: -0.02% FTSE 100: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/CyoJBdYbGT
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Gold: 0.01% Silver: -0.22% Oil - US Crude: -0.93% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/cZeVIxiAJm
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