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
EUR/USD
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
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
Wall Street
Bullish
Gold
Bearish
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • RT @FxWestwater: $USDCNH: U.S. Sanctions Hong Kong Officials, Chinese #Yuan Sinks - via @DailyFX https://www.dailyfx.com/forex/market_alert/2020/08/07/USDCNH-U.S.-Sanctions-Hong-Kong-Officials-Chinese-Yuan-Sinks.html
  • Senator Schumer says meeting planned for this afternoon with White House - BBG
  • RT @IGTV: Looking ahead to next week, @JMcQueenFX looks at $NZDCAD and $NZDJPY ahead of next week’s rate decision from the Reserve Bank of…
  • Canadian #Dollar Outlook: $USDCAD Responds to Major Trend Support - https://t.co/4fMIS32WYJ https://t.co/qbC1xYLo6W
  • GBP/USD is close to recovering all of the COVID-19 sell-off seen in March and will need new drivers to push further higher. Get your $GBPUSD market update from @nickcawley1 here: https://t.co/ZTGGMm0vYx https://t.co/RkdBbIUUXT
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.31% 🇨🇭CHF: -0.46% 🇨🇦CAD: -0.54% 🇪🇺EUR: -0.79% 🇦🇺AUD: -0.84% 🇳🇿NZD: -1.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/e0bdKqxsfz
  • Secretary Pompeo says actions on Hong Kong send clear message - BBG
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.52% France 40: 0.08% FTSE 100: 0.06% US 500: -0.05% Wall Street: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/fho9Xdiw4A
  • $Gold pullback has finally started. Given aggression on the bid this week, could be end of week profit taking after a really big run to fresh all time highs. Picking off support potential going to be a challenge, but a couple of relatively nearby spots of prior res $GC $GLD https://t.co/c76XHAuzHd https://t.co/GKYJ9qKyS7
  • Fed's Rosengren says Main Street program inherently more complex to put in motion - BBG
Forex News: Euro Loses Its Grip Ahead of US Jobs Report

Forex News: Euro Loses Its Grip Ahead of US Jobs Report

2013-01-04 11:29:00
Benjamin Spier, Technical Strategist
Share:

Ever since yesterday’s release of the minutes from last month’s Fed meeting, the forex markets have seen a lot of confidence in the US Dollar. Since then, the Euro has fallen over 100 points against the US Dollar and is now testing the key 1.3000 figure.

The drop continued in today’s European session and seemed relatively unconnected to economic releases. Out of all the releases, the Euro-zone composite output index seemed to have the biggest impact on price action. The output index was revised slightly lower from an earlier estimate.

Also announced today, Euro-zone inflation remained at 2.2% in December. In the UK, the services PMI disappointed expectations, but did not have an effect on Sterling trading.

Also in today’s trading, the UK 10-year bond yield briefly climbed above the French benchmark yield for the first time since April 2011. This resulted from a combination of rising French bond prices and declining UK bond prices. UK’s benchmark yield is now at 2.10% and the French yield is at 2.13%.

In Japan, Chief Cabinet Secretary Suga said he wants to give priority to someone who thinks like PM Abe for the role of the next BoJ governor. Governor Shirakawa will end his current term on April 8, and Abe has said that he wants more monetary stimulus and an inflation target. The Yen continued to decline in today’s session, and USDJPY set a new 2 year high above 88.00.

EURUSD is currently trading slightly above 1.3000, a level which the currency hasn’t broken in three weeks and could continue provide support here. Resistance might continue to be provided at 1.3158.

In the US session, forex traders will be watching the US change in nonfarm payrolls and unemployment rate, both will be released at 13:30 GMT. Follow along live with Currency Analyst Christopher Vecchio or read Ilya Spivak’s analysis of how the USD might react to the data.

EURUSD Daily: January 4, 2013

Euro_Loses_Its_Grip_Ahead_of_US_Jobs_Report_body_eurusd_daily_chart.png, Forex News: Euro Loses Its Grip Ahead of US Jobs Report

--- Written by Benjamin Spier, DailyFX Research

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

DISCLOSURES

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.