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
Bullish
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
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
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • 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: https://t.co/ADSC4sIHrP https://t.co/PO93mIKAZP
  • 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: https://t.co/KDjIjLdTSk https://t.co/CHE6IOq3K5
  • 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: https://t.co/Xr3xtoFpZy https://t.co/Agl1q6EQyu
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/G58J1dg6y3 https://t.co/UmubxiDXGc
  • 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: https://t.co/rz7fqhRoMG https://t.co/e4G1gTGhex
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/pS48NIuwqX
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/arxYmtQeUn https://t.co/gFVVZTGbe1
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/nHXiNJhLes
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/h0TmJcZeqr
  • $USDCAD sold off aggressively last week, putting it into position to test the important 2017 low; trading bias is neutral to bearish. Get your market update from @PaulRobinsonFX here: https://t.co/sphxUAW9TB https://t.co/ZhsTeJOOM8
FX Headlines: European Data Watch for June 28, 2013

FX Headlines: European Data Watch for June 28, 2013

Christopher Vecchio, CFA, Senior Strategist

EUROPEAN FX HEADLINES: WEEK OF JUNE 23

- British Pound Eyes Fresh Highs on Faster Inflation, BoE Minutes

- Euro Biased Lower amid Mixed Docket and Signs of Revived Crisis

- Light Docket Puts Focus on Developing Theme – Higher US Yields and USD

EURO-ZONE ECONOMIC CALENDAR

FX_Headlines_European_Data_Watch_for_June_28_2013_body_Picture_1.png, FX Headlines: European Data Watch for June 28, 2013

German Retail Sales (MAY) beat earlier but the Euro is having trouble gaining traction after the print, falling back under $1.3050 against the US Dollar.

Shortly before the US cash equity open, the preliminary June German inflation report is due, and given the uptick expected, there stands reason to believe that the Euro could very-well regain footing later in the morning. With June consumption and labor market data both beating expectations, evidence is gathering that the German economy might outperform modest 2Q’13 growth expectations.

UK ECONOMIC CALENDAR

FX_Headlines_European_Data_Watch_for_June_28_2013_body_x0000_i1028.png, FX Headlines: European Data Watch for June 28, 2013

Early (and the only) UK data today missed slightly, but the GBPUSD reacted negatively anyhow, falling from its high near $1.5280 to as low as 1.5256, at the time this report was written.

SWISS ECONOMIC CALENDAR

FX_Headlines_European_Data_Watch_for_June_28_2013_body_x0000_i1029.png, FX Headlines: European Data Watch for June 28, 2013

Swiss data has been rather benign ever since the SNB implemented the Sf1.2000 floor for EURCHF, and the KOF Swiss Leading Indicator (JUN), even as a ‘medium’ importance release, is unlikely to have a major impact on the Swiss Franc. Mainly, this is due to exogenous volatility onset by more global themes that are driving price action in the safe haven currencies the past week.

See the DailyFX Economic Calendar for a full list, timetable, and consensus forecasts for upcoming economic indicators. Want the forecasts to appear right on your charts? Download the DailyFX News App.

--- Written by Christopher Vecchio, Currency Analyst and Kevin Jin, DailyFX Research

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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

DISCLOSURES