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
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
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
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.14%, while traders in US 500 are at opposite extremes with 77.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7Ncbbi97M9
  • Heads Up:🇵🇱 GDP Growth Rate YoY Final due at 08:00 GMT (15min) Previous: 3.2% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇵🇱 GDP Growth Rate QoQ Final due at 08:00 GMT (15min) Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇮🇹 GDP Growth Rate QoQ Final due at 08:00 GMT (15min) Expected: -4.7% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇮🇹 GDP Growth Rate YoY Final due at 08:00 GMT (15min) Expected: -4.8% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2020-05-29
  • China's Foreign Ministry says China will take countermeasures to any interference on internal affairs
  • 🇸🇪 GDP Growth Rate YoY Final Actual: 0.4% Expected: 0.5% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-05-29
  • 🇸🇪 GDP Growth Rate QoQ Final Actual: 0.1% Expected: -0.6% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.28% Gold: 0.10% Oil - US Crude: -2.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/mkIbEfNzBd
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.44% 🇦🇺AUD: 0.29% 🇪🇺EUR: 0.22% 🇨🇭CHF: 0.13% 🇳🇿NZD: 0.05% 🇨🇦CAD: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/wBltp4UJfg
EUR Eyes 1.15, GBP Volatility to Return - US Market Open

EUR Eyes 1.15, GBP Volatility to Return - US Market Open

2019-01-07 14:40:00
Justin McQueen, Analyst
Share:

MARKET DEVELOPMENT – USD ON THE BACKFOOT AS MARKETS CONTINUE TO DIGEST DOVISH POWELL

USD: The US Dollar is on the backfoot to begin the week as markets continue to digest the latest dovish commentary from Fed Chair Powell, who signalled that the central bank could either slow or pause rate hikes. As such, despite Friday’s strong US jobs report, the USD continues to underperform against its major counterparts. However, while the peak in the USD may have been seen, the fact that markets are pricing in cuts for the Federal Reserve could be too pessimistic and thus prevent the USD seeing sharp decline in the near term. Much of the focus for this week will be on trade talks between China and the US, in which US Commerce Secretary Ross has noted that

EUR: The Euro is among the best performers on the back of the USD weakness, while the continued narrowing in US/German 2yr spreads have continued to provide support. As such, EURUSD is back to familiar resistance levels with the pair eyeing the 1.15 handle. However, negatives remain for the Eurozone, with the latest German factory orders seeing its largest decline since August 12th.

GBP: With UK politicians back from recess, Brexit headlines have once again picked, which will see GBP volatility return. UK Press reports stated that the Brexit vote will take place on January 15th. However, thus far, there has been little to suggest that PM May’s deal will pass the meaningful vote.

EUR Eyes 1.15, GBP Volatility to Return - US Market Open

DailyFX Economic Calendar: Monday, January 07, 2019 – North American Releases

EUR Eyes 1.15, GBP Volatility to Return - US Market Open

DailyFX Webinar Calendar:Monday, January 07, 2019

EUR Eyes 1.15, GBP Volatility to Return - US Market Open

Four Things Traders are Reading

  1. CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY” by Justin McQueen, Market Analyst
  2. Sterling (GBP) Latest: Brexit Vote Confirmed; PM Warns of No-Deal Dangerby Nick Cawley, Market Analyst
  3. DAX 30 & CAC 40 Technical Forecast – More Upside Before Resistance is Met” by Paul Robinson, Market Analyst
  4. Key Global Elections to Watch Out For in 2019” by Justin McQueen, Market Analyst

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.comFollow Justin on Twitter @JMcQueenFX

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

DISCLOSURES

News & Analysis at your fingertips.