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
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
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
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.10% Gold: -0.42% Silver: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gyuYTOUvON
  • Gold is on course for a third consecutive weekly rise, which marks the first occasion since December. Get your $XAUUSD market update from @JMcQueenFX here:https://t.co/qXVm6dSCkD https://t.co/Y0tClx0Q7b
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.14%, while traders in EUR/USD are at opposite extremes with 69.34%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/QCLjR5fkOu
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 1.13% Wall Street: 0.66% Germany 30: 0.04% FTSE 100: -0.01% France 40: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Swr0ndo7tu
  • $EURUSD is currently setting fresh intraday highs above the 1.2080 level, edging above the highs set earlier in the week to hit its highest level since early March. $EUR $USD https://t.co/wcARbp81Et
  • EUR/USD appears to be stuck in a narrow range as the European Central Bank (ECB) retains the current course for monetary policy. Get your $EURUSD market update from @DavidJSong here:https://t.co/UdgBEQ3MCi https://t.co/uwkNwc1Ikm
  • US Indices are stronger today, recovering from yesterday's selloff driven by capital gains tax headlines. DOW +0.68% SPX +1.17% NDX +1.53% RUT +1.49% $DIA $SPY $QQQ $IWM
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.02%, while traders in US 500 are at opposite extremes with 68.36%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/8OCSgtJeBx
  • there's a bullish channel in here the spans back to last year's q4 $EURJPY support side was tested this morning but bulls making a strong push back-above the 130 handle https://t.co/gHQtawE3BH https://t.co/3XU9kb72f5
  • $EURJPY has mostly been consolidating between the 129.50 and 130.50 levels in April, trading around its highest point since the fall of 2018. The pair hit a fresh multi year high just shy of the 131.00 level earlier this week. $EUR $JPY https://t.co/M9gO4rcOZh
Dollar and Yen Rise on Global Slowdown Fears, Euro Eyes PMI Data

Dollar and Yen Rise on Global Slowdown Fears, Euro Eyes PMI Data

Ilya Spivak, Head Strategist, APAC

Talking Points

  • Dollar, Yen Rise on Disappointing Australian and Chinese Economic Data
  • Eurozone PMI Revisions May Raise the Stakes for ECB Policy Announcement

The US Dollar and Japanese Yen rose overnight as stocks declined, boosting demand for the go-to haven currencies. The MSCI Asia Pacific regional benchmark equity index fell 1 percent amid global slowdown fears in the wake of disappointing economic data. Australian GDP figures showed output grew 0.6 percent in the second quarter, missing expectations of a 0.7 percent increase. Separately, the AiG Performance of Services gauge showed the non-manufacturing sector contracted at the fastest pace in four months. Meanwhile, the analogous HSBC Services PMI fell to the lowest level in a year.

Final revisions of Augusts’ Eurozone Services PMIs headline the European economic calendar. Key Manufacturing PMI readings were revised lower in the week. More of the same on the service-sector components may point to a deeper slowdown in regional activity, reinforcing hopes for additional stimulus to emerge at Thursday’s ECB rate decision. As we discussed in our weekly forecast, a policy announcement that focuses exclusively on outlining operational details of the central bank’s new bond-buying scheme without offering anything on the growth front may weigh on the Euro and risky assets in general.

Asia Session: What Happened

GMT

CCY

EVENT

ACT

EXP

PREV

22:45

NZD

Value of All Buildings s.a. (2Q)

0.8%

3.0%

-0.4%

23:01

GBP

BRC Shop Price Index (YoY) (AUG)

1.1%

-

1.0%

23:30

AUD

AiG Performance of Service Index (AUG)

42.4

-

46.5

1:30

AUD

GDP (QoQ) (2Q)

0.6%

0.7%

1.4% (R+)

1:30

AUD

GDP (YoY) (2Q)

3.7%

3.7%

4.4% (R+)

2:30

CNY

HSBC Services PMI (AUG)

52.0

-

53.1

Euro Session: What to Expect

GMT

CCY

EVENT

EXP

PREV

IMPACT

7:15

CHF

CPI (MoM) (AUG)

0.1%

-0.5%

Medium

7:15

CHF

CPI (YoY) (AUG)

-0.4%

-0.7%

Medium

7:15

CHF

CPI - EU Harmonised (MoM) (AUG)

-

-0.3%

Low

7:15

CHF

CPI - EU Harmonised (YoY) (AUG)

-

-0.8%

Low

7:45

EUR

Italian PMI Services (AUG)

43.3

43.0

Low

7:50

EUR

French PMI Services (AUG F)

50.2

50.2

Low

7:55

EUR

German PMI Services (AUG F)

48.3

48.3

Medium

8:00

EUR

Euro-Zone PMI Services (AUG F)

47.5

47.5

Medium

8:00

EUR

Euro-Zone PMI Composite (AUG F)

46.6

46.6

Medium

8:30

GBP

Official Reserves (Changes) (AUG)

-

$528M

Low

9:00

EUR

Euro-Zone Retail Sales (MoM) (JUL)

-0.2%

0.2%

Medium

9:00

EUR

Euro-Zone Retail Sales (YoY) (JUL)

-1.7%

-1.0%

Medium

Critical Levels

CCY

SUPPORT

RESISTANCE

EURUSD

1.2437

1.2611

GBPUSD

1.5829

1.5900

--- 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