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
Mixed
GBP/USD
Bearish
USD/JPY
Bearish
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
Bearish
Bitcoin
Bearish
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 zone Producer Prices Rises for the First Time Since December 2008; U.K. Mortgage Approvals Advance for the First Time in Four Months

Euro zone Producer Prices Rises for the First Time Since December 2008; U.K. Mortgage Approvals Advance for the First Time in Four Months

2010-05-04 11:44:00
Michael Wright, Currency Analyst
Share:

fxh05.04

Fundamental Headlines

Euro Resumes Recent Slid– Wall Street Journal
• Greece Costs Seen Exceeding EU-IMF Aid – Wall Street Journal
• ECB Extends Financial Lifeline to Greece - Financial Times
• Merkel’s Coalition Steps Up Calls for “Orderly Insolvencies” of EU States- Bloomberg
• Trichet May Need to “Break The Rule Book” to Defuse Greek Threat to Euro - Bloomberg


EUR/USD –  Producer prices in Europe during the month of March rose for the first time in more than a year as companies passed on the burden of higher costs onto consumers in the midst of a strengthening economy. Prices advanced 0.6% after climbing 0.1% in February, missing economists’ expectations of 0.7%. At the same time, the annualized figures added 0.9% following the previous months decline of 0.4%, and was in line with forecasts, the European Union’s statistics office in Luxembourg showed today. Indeed, the reading does show that companies are raising prices, however it is noteworthy that Greece’s debt woes continue to dramatically weakened the single currency, causing the prices of imports to sky rocket. Meanwhile, retail sales in Europe’s largest economy unexpectedly retreated 2.4%, while economists surveyed by Bloomberg news expected the reading to hold flat. Looking ahead, the ECB may postpone withdrawing economic stimulus measures as Greece’s does weighs on the euro as the speculation mill continues to churn as invests believe that the $146 billion life line awarded to Greece will be unsuccessful to stem the crisis from spreading to its euro-area members. To discuss and other topics, please visit the EUR/USD forum.

GBP/USD – Mortgage approvals in the U.K. rose for the first time in four months as property taxes weakened. Figures showed that lenders granted 48.9K loans in March from a revised 46.9K in February, which was shy of economists’ expectations of 49.0K. The data shows an improved outlook for the housing market paired with yesterday’s statement from the Centre for Economics and Business Research, which stated house prices will extend their recovery this year. Going forward, the currency is likely to be volatile ahead of the election as Britain heads into a hung parliament. To discuss and other topics, please visit the GBP/USD forum.


Related Articles:

Euro’s Southern Journey Destined for Fresh Yearly Low, British Pound Extends Two Day Decline




Written by Michael Wright
Questions? Comments? Concerns? Email me at instructor@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.