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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
More View more
Real Time News
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The US Dollar caught a bid in the late part of last week to set a fresh September high. FOMC is around the corner, are bulls going to be able to push for another fresh high? Get your weekly US Dollar forecast from @JStanleyFX here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here:
Euro Chart Resistance Next Post ECB? Yen Eyes Trump Mexico Tariff

Euro Chart Resistance Next Post ECB? Yen Eyes Trump Mexico Tariff

Daniel Dubrovsky, Strategist

Asia Pacific Market Open Talking Points

  • Euro finds support on a less-dovish ECB as the US Dollar takes a hit
  • EUR/USD still facing a medium-term descending range of resistance
  • Asia markets may sour as US said to raise tariffs on Mexico Monday

Trade all the major global economic data live as it populates in the economic calendar and follow the live coverage for key events listed in the DailyFX Webinars. We’d love to have you along.

Euro Rallies on Less-Dovish ECB

The Euro outperformed against its major counterparts on Thursday, owing to a less-dovish-than-expected ECB monetary policy announcement. Anticipation of a rate cut by the end of this year dropped from about a 47% probability yesterday to 37% as German front-end government bond yields rallied. As a side-effect, the US Dollar took a hit and depreciated against its peers given that Fed rate cut bets are on the rise.

President Mario Draghi envisioned holding rates through at least the first half of 2020, compared to the end of 2019 prior. But, near-term growth and inflation expectations were revised higher. This year, they are looking at regional economic expansion of 1.2% from 1.1% with CPI at 1.3% from 1.2%. While the central bank remains confident in their baseline assessment of the economy, risks are still tilted to the downside.

Euro Technical Analysis

EUR/USD closed above near-term horizontal resistance at 1.1262 after days of struggle, rising as anticipated. But, my medium-term outlook is still biased to the downside. From here, the currency pair is eyeing a descending range of resistance going back to the beginning of this year. Just above it is also a critical psychological barrier between 1.1302 and 1.1324. If these are cleared, it exposes reversing the dominant downtrend.

EUR/USD Daily Chart

Euro Chart Resistance Next Post ECB? Yen Eyes Trump Mexico Tariff

Chart Created in TradingView

The ECB was felt not just regionally, but externally as well. S&P 500 futures fell alongside the DAX and Euro Stoxx 50. However, sentiment recovered, especially after reports crossed the wires that the US was weighing delaying Mexican tariffs after attempts to reach a deal fell apart yesterday. But, that optimism appears short-lived after US Vice President Mike Pence hinted that the levies will take effect on Monday.

Friday’s Asia Pacific Trading Session

As such, we aren’t in the clear yet for a confidence-inspiring recovery in risk trends. US President Donald Trump still has to make his decision on additional Chinese tariffs that will encompass virtually all imports. He has said that the choice will come as we get to the G20 Summit occurring in Osaka, Japan, at the end of this month. I believe that in the medium-term, the US Dollar is poised to benefit if aggressive risk aversion ensues.

In the meantime, S&P 500 futures are now pointing lower after the US-Mexico trade talk developments. Even though we saw a rally on Wall Street, Asia Pacific equities may struggle to find much upside follow-through as they did yesterday. In Australia, shares of BHP Group, a major mining company, look like they are hinting of a top to potentially come in the ASX 200 as trade war fears risk heating up. The anti-risk Japanese Yen may rise.

FX Trading Resources

--- Written by Daniel Dubrovsky, Currency Analyst for

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.