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
Bullish
Oil - US Crude
Bearish
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
Bullish
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
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
More View more
Real Time News
  • Join analyst @DavidJSong at 6:30 PM ET/10:30 PM GMT for your weekly update on key news trading events. Register here: https://t.co/gBlrRpCc55 https://t.co/adV1kFEwKg
  • Market snapshot: Oil-linked Norwegian Krone edging higher vs G10 FX early into Asia trade
  • How can traders avoid #FOMO in trading? Start by implementing a well-heeled plan taking only four hours per week. Get your insight from @JStanleyFX here: https://t.co/vwUShQPc27 #tradingstyle https://t.co/0t2meOWXuU
  • (Asia AM) The Australian Dollar may wilt but can that break the near-term $AUDUSD uptrend? Weekend Dow Jones futures hint a “risk-off” tilt that may boost the Japanese #Yen and haven-linked US #Dollar #USD - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/03/29/Australian-Dollar-May-Wilt-as-Yen-and-US-Dollar-Rise-in-Asia-Trade.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/WGYOUEHzNG
  • How can you be a part-time trade? Get your tips on workflow and strategy here with@WVenketas: https://t.co/b8ywNOOgx9 #tradingstyle https://t.co/PoEtcYbBcu
  • #USDZAR fell to a record low after ratings downgrade https://t.co/IlUGUSrvGI
  • After the pattern is composed with the closing of the signal candle, then you can look to the following candle to identify a clear bias and risk points. Learn how to apply this knowledge to a trading strategy here: https://t.co/uh3NwgHBVv https://t.co/dUx38k6I6N
  • Weekend Wall Street futures - courtesy of @IGcom - shows the #DowJones down almost -1% heading into Monday's Asia Pacific trading session. This May spell a cautious "risk-off" tilt as the week gets going [delayed] - https://t.co/0ZvPJNGV7q https://t.co/iMhNyyGq0R
  • RT @NYGovCuomo: New York State on PAUSE is extended to April 15. That means the non-essential workforce is directed to continue to work fr…
  • Why is the Strait of Hormuz the world's most important #oil chokepoint? Find out from @JMcQueenFX here: https://t.co/0UPiGgqHbW #OOTT https://t.co/yt072tbesk
FX Headlines: Will Positive Inflation Readings Lift the Euro on Monday?

FX Headlines: Will Positive Inflation Readings Lift the Euro on Monday?

2013-09-16 08:00:00
Christopher Vecchio, CFA, Senior Strategist
Share:

Talking Points

- Light calendar to start week; markets remain fixated on the Fed’s September taper.

- Only Euro-Zone data this week is due on Monday.

- Fundamental trends allowed to develop – here’s what we’re watching this week.

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_Will_Positive_Inflation_Readings_Lift_the_Euro_on_Monday_body_Picture_1.png, FX Headlines: Will Positive Inflation Readings Lift the Euro on Monday?

There’s only one data set due out this morning during the European session but it happens to be a significant one. August Euro-Zone inflation data as measured by the Consumer Price Index is forecasted to show that price pressures turned positive in the mid-3Q’13, potentially a sign of improving underlying growth fundamentals.

Accordingly, with the yearly figures – both core and headline – expected to remain rather soft (well-below the European Central Bank’s +2% yearly target), any Euro strength will be derived from a meet or beat on the monthly forecast.

While the ECB’s forward guidance strategy makes it unlikely higher inflation data will provoke higher interest rates, inflation is often a sign of accelerating growth prospects and should be viewed as positive for the Euro.

Read more: It’s Due-or-Die Time for Euro/US Dollar Ahead of FOMC Decision

UK ECONOMIC CALENDAR

There is no data on the British Pound economic calendar for Monday, September 16.

See the British Pound economic calendar for the week of September 15 to 20.

Read more: Pound Overbought on Upbeat BoE, MPC Minutes to Prompt Fresh Highs

SWISS ECONOMIC CALENDAR

There is no data on the Swiss Franc economic calendar for Monday, September 16.

See the Swiss Franc economic calendar for the week of September 15 to 20.

Read more: Gold Posts Largest Drop Since June Ahead of Fed – Bearish Below $1373

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

News & Analysis at your fingertips.