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
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
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
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 66.20%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/FcTW4GHbzZ
  • US 10yr Treasury yields have slipped back below 1.10 today, but remain notably higher compared to earlier in the pandemic $USD $IEF https://t.co/PYLCZGwPHt
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.31% France 40: 0.30% Germany 30: 0.23% US 500: -0.25% Wall Street: -0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/079WIJ3r9O
  • $EURJPY had been heading higher today, crossing above 126.20 and hitting its highest levels since last week. $EUR $JPY https://t.co/bKsWiKxRmz
  • USD/CAD trending lower has been a theme since it peaked in dramatic fashion back in March, but the downtrend may be put to the test soon as a falling wedge pattern comes to light. Get your $USDCAD market update from @PaulRobinsonFX here:https://t.co/qjobL4Uyq9 https://t.co/wgd9nZSGpj
  • US Indices remain in the red but have pared some losses as session advances into the afternoon. DOW -0.38% NDX -0.13% SPX -0.24% RUT -0.03% $DOW $QQQ $SPY $IWM
  • A bout of risk aversion sees the Australian Dollar under pressure this morning with a larger than expected drop in retail sales adding to the soft tone for the currency. Get your $AUD market update from @JMcQueenFX here:https://t.co/fCa9gCxxxk https://t.co/WaAG58Ztar
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 64.66%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/juDA0EsIR7
  • Totally normal market behavior happening in $GME which was just halted after surging 69% in the session https://t.co/UT6RrOhZ2L
  • $EURCAD hit an intraday high just shy of 1.5500 before turning slightly downward. The pair is currently trading at its highest levels since early last week. $EUR $CAD https://t.co/Cj6Vu9Rg5L
FX Headlines: Strong August PMIs Lift Euro, Pound versus Yen

FX Headlines: Strong August PMIs Lift Euro, Pound versus Yen

Christopher Vecchio, CFA, Senior Strategist

Talking Points

- German PMI Manufacturing hits 25-month high.

- Italian and Spanish PMI Manufacturing at 27- and 29-month highs, respectively.

- Thin trading offering little by way of support for Euro, although British Pound has surged.

To keep up with the European data and news as the week goes forward, be sure to sign up for my distribution list.

EURO-ZONE ECONOMIC CALENDAR

FX_Headlines_Strong_August_PMIs_Lift_Euro_Pound_versus_Yen_body_Picture_2.png, FX Headlines: Strong August PMIs Lift Euro, Pound versus Yen

The Euro is off of the day’s lows versus the US Dollar amid further signs that the region is pulling out of a recession that’s dominated sentiment since 2011. However, the upside in EURUSD has been limited in nature.

Rather, EURJPY has been the preferred vehicle today to express bullishness. Overall, the data fits neatly in with the idea of a broader Euro-Zone recovery, but it will do little to influence the Euro beyond today with the European Central Bank meeting looming on Thursday (see the link below).

Read more: Euro Risks Weighted to Downside Ahead of ECB, NFPs

UK ECONOMIC CALENDAR

FX_Headlines_Strong_August_PMIs_Lift_Euro_Pound_versus_Yen_body_Picture_1.png, FX Headlines: Strong August PMIs Lift Euro, Pound versus Yen

The British Pound is a top perfomer today thanks to the strongest PMI Manufacturing reading in two and a half years. Similarly, the New Orders and Output subindexes rose by their sharpest rates since 1994; clearly a sign of a robust recovery setting in.

The British Pound has quickly gone from a bottom feeder in 2013 to the top performer since the start of the 3Q’13, and remains well-positioned to outperform on a fundamental basis against its European counterparts.

Read more: GBPUSD Outlook Hinges on BoE – How to Trade the Policy Meeting

SWISS ECONOMIC CALENDAR

There are no data on the Swiss Franc economic calendar for Monday, September 2.

See the Swiss Franc economic calendar for the week of September 1 to 6.

Want to automate your trading or trade baskets of currencies? Try Mirror Trader.

--- Written by Christopher Vecchio, Currency Analyst

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