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
Wall Street
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
GBP/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
USD/JPY
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
More View more
Real Time News
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 1.47% 🇳🇿NZD: 1.25% 🇬🇧GBP: 0.48% 🇪🇺EUR: 0.30% 🇨🇭CHF: -0.17% 🇯🇵JPY: -1.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/BxRolsnex3
  • Talk about a disconnect between Main Street and Wall Street. Seems like markets are pricing in an expectation of a V-shaped recovery. Wonder when reality will hit 🤔 https://t.co/Y8woCzT8kN
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.29% Gold: -0.73% Silver: -1.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rsa9fXyvQe
  • $USDJPY Daily Pivot Points: S3: 106.83 S2: 107.22 S1: 107.44 R1: 107.82 R2: 107.99 R3: 108.37 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • The #Dow Jones, #Nasdaq and S&P 500 have continued to melt higher in recent days even as bullish catalysts seem to sputter out. Get your #equities market update from @PeterHanksFX here:https://t.co/wXSP3avXh1 https://t.co/Zpnzxf9vj8
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.98%, while traders in US 500 are at opposite extremes with 73.85%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/CxeodwV5yt
  • US Dollar Price Action Setups: EUR/USD, USD/CAD, USD/JPY https://www.dailyfx.com/forex/video/live_events/2020/06/02/US-Dollar-Price-Action-Setups-JS-EUR-USD-USD-CAD-USD-JPY.html https://t.co/mfp3Q7wwNu
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.73% France 40: 0.71% FTSE 100: 0.33% Wall Street: -0.01% US 500: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/qisyRbrKX6
  • China is increasingly aggressive in targeting technology according to official - BBG
  • The Mexican Peso rally has taken USD/MXN below a key support pivot in price and leaves the pair vulnerable to further losses heading into June trade. Get your $USDMXN technical analysis from @MBForex here:https://t.co/lhWwu2KbbN https://t.co/dJe9DGskq0
US Dollar at Risk as Stock Futures Hint at Ebbing Haven Demand

US Dollar at Risk as Stock Futures Hint at Ebbing Haven Demand

2012-07-31 07:05:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points

  • US Dollar May Weaken as S&P 500 Futures Point to Risk-on Mood
  • Euro Unlikely to Find Volatility in German Jobs, Eurozone CPI Data

The US Dollar was little changed against its top counterparts as traders shied away from committing to a firm directional bias in the absence of major market-moving event risk. S&P 500 stock index futures are pointing higher, hinting the greenback may find itself on the defensive as haven demand dries up.

German Unemployment and Eurozone CPI figures headline the calendar in European hours. The former report is expected to show the economy shed 7,000 jobs for a second consecutive month in July, keeping the Unemployment Rate at 6.8 percent. Meanwhile, the latter is forecast to keep the benchmark inflation rate at 2.4 percent, also unchanged from the previous month.

Barring wild deviations from expectations, neither seems to present much in terms of market-moving potential as investors wait for the ECB monetary policy announcement later in the week. Traders are pricing in an 82.5 percent probability of another 25bps rate cut, so risks appear skewed to the upside in the event that data outperforms and forces traders to reposition for reduced bets on further easing.

Asia Session: What Happened

GMT

CCY

EVENT

ACT

EXP

PREV

23:01

GBP

GfK Consumer Confidence Survey (JUL)

-29

-29

-29

23:15

JPY

Nomura/JMMA Manufacturing PMI (JUL)

47.9

-

49.9

23:30

JPY

Jobless Rate (JUN)

4.3%

4.4%

4.4%

23:30

JPY

Job-To-Applicant Ratio (JUN)

0.82

0.82

0.81

23:30

JPY

Household Spending (YoY) (JUN)

1.6%

2.9%

4.0%

23:50

JPY

Loans & Discounts Corp (YoY) (JUN)

0.1%

-

-0.53%

1:00

NZD

NBNZ Activity Outlook (JUL)

24

-

20.8

1:00

NZD

NBNZ Business Confidence (JUL)

15.1

-

12.6

1:30

JPY

Labor Cash Earnings (YoY) (JUN)

-0.6%

0.0%

-1.1% (R-)

1:30

AUD

Private Sector Credit (MoM) (JUN)

0.3%

0.4%

0.5%

1:30

AUD

Private Sector Credit (YoY) (JUN)

4.4%

4.4%

4.0%

1:30

AUD

Building Approvals (MoM) (JUN)

-2.5%

-15.0%

27.0% (R-)

1:30

AUD

Building Approvals (YoY) (JUN)

10.2%

-5.5%

9.1% (R-)

3:00

NZD

Money Supply M3 (YoY) (JUN)

5.7%

-

6.3%

5:00

JPY

Annualized Housing Starts (JUN)

0.837M

0.916M

0.903M

5:00

JPY

Construction Orders (YoY) (JUN)

4.6%

-

-0.9%

5:00

JPY

Housing Starts (YoY) (JUN)

-0.2%

9.4%

9.3%

Euro Session: What to Expect

GMT

CCY

EVENT

EXP

PREV

IMPACT

6:00

EUR

German Retail Sales (MoM) (JUN)

0.5%

-0.3%

Medium

6:00

EUR

German Retail Sales (YoY) (JUN)

0.4%

-1.1%

Medium

6:00

CHF

UBS Consumption Indicator (JUN)

-

1.05

Low

6:45

EUR

French Consumer Spending (MoM) (JUN)

0.2%

0.4%

Low

6:45

EUR

French Consumer Spending (YoY) (JUN)

0.4%

0.6%

Low

6:45

EUR

French Producer Prices (MoM) (JUN)

-0.3%

-1.0%

Low

6:45

EUR

French Producer Prices (YoY) (JUN)

2.1%

2.2%

Low

7:55

EUR

German Unemployment Change (JUL)

7K

7K

High

7:55

EUR

German Unemployment Rate s.a. (JUL)

6.8%

6.8%

Medium

8:00

EUR

Italian Unemployment Rate s.a. (JUN P)

10.3%

10.1%

Low

9:00

EUR

Italian CPI – EU Harmonized (MoM) (JUL P)

-1.7%

0.2%

Low

9:00

EUR

Italian CPI – EU Harmonized (YoY) (JUL P)

3.6%

3.6%

Low

9:00

EUR

Italian PPI (MoM) (JUN)

-0.2%

-0.3%

Low

9:00

EUR

Italian PPI (YoY) (JUN)

2.0%

2.3%

Low

9:00

EUR

Italian CPI (NIC incl. tobacco) (MoM) (JUL P)

0.2%

0.2%

Low

9:00

EUR

Italian CPI (NIC incl. tobacco) (YoY) (JUL P)

3.2%

3.3%

Low

9:00

EUR

Euro-Zone Unemployment Rate (JUN)

11.2%

11.1%

Medium

9:00

EUR

Euro-Zone CPI Estimate (YoY) (JUL)

2.4%

2.4%

High

Critical Levels

CCY

SUPPORT

RESISTANCE

EURUSD

1.2209

1.2327

GBPUSD

1.5630

1.5753

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.