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
Bearish
Oil - US Crude
Bearish
Wall Street
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
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true. Simplify your trading strategy with these four indicators here: https://t.co/fYgcMxImlP https://t.co/kkekBVYvhV
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/VwIkOMpvYl
  • “The UK and EU have agreed to return to the negotiating table to try to agree a post-#Brexit trade deal. But on Friday, a joint statement said ‘significant divergences’ remained.” - BBC News #GBP
  • Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. Learn how to incorporate multiple time frame analysis here: https://t.co/Sy3g6HGLrR https://t.co/aRfVCRZut3
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/rJznrXkcYz https://t.co/uUh18lR3yK
  • The rising wedge is a popular reversal pattern that is predictive in nature and can give traders a clue to the direction and distance of the next price move. Incorporate the rising wedge in your trading strategy and learn more here: https://t.co/zTTk2WOrj9 https://t.co/q5oBalZieU
  • Both the S&P 500 and $EURUSD will enter the coming week with momentum to their back. What can trip up the rallies? What could keep them going? My overview for the week ahead: https://www.dailyfx.com/forex/video/daily_news_report/2020/12/05/SP-500-and-EURUSD-Rallies-Face-Different-Conviction-Questions-.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/YfEXEhkbhl
  • After the recent strength of EUR/USD, a period of consolidation is likely ahead of two critical meetings: of the European Central Bank and the European Council. Get your $EURUSD market update from @MartinSEssex here:https://t.co/Slu7tHo2a4 https://t.co/9am4szeia1
  • Triangle patterns have three main variations and appear frequently in the forex market. These patterns provide traders with greater insight into future price movement and the possible resumption of the current trend. Learn about triangles here: https://t.co/ZukLITx2KG https://t.co/gvkXqKDQyH
  • Continuation patterns can present favorable entry levels to trade in the direction of the prevailing trend. Use continuation patterns in your technical analysis here: https://t.co/TUVnO3bO1P https://t.co/vBLkMKjf4x
Euro/Swiss Trading Floor to be Reconsidered During the SNB Meeting

Euro/Swiss Trading Floor to be Reconsidered During the SNB Meeting

2012-09-13 06:05:00
Benjamin Spier, Technical Strategist
Share:

Talking Points

  • RBNZ leaves cash rate at 2.5%
  • SNB to decide interest rate and EURCHF floor in the upcoming session
  • Traders remain focused on the FOMC decision this afternoon

In the overnight Asian session, the Reserve Bank of New Zealand decided to leave its cash rate at 2.5%, and forecasted that the rate will remain at the record low level until the middle of 2013, due to a weak outlook for the country’s trading partners. The decision comes right before the bank’s current governor, Alan Bollard, steps down from his position. NZDUSD trading was not significantly affected by the decision.

Also in New Zealand, the PMI for Business in August fell to 47.2 from 49.4. In Australia, consumer inflation for September was reported at 2.4%.

In the European session, the SNB will be meeting to decide the benchmark interest rate and reaffirm the Euro/Swiss trading floor. The expectations are for the bank to leave the interest rate at 0.00% and for the EURCHF floor to be left in place; that decision will be released at 07:30 GMT.

The biggest event of the day will be during the North American session, when the FOMC will decide its interest rate and possibly announce additional stimulus measures.

Asia Session: What Happened

GMT

CCY

EVENT

ACT

EXP

PREV

21:00

NZD

Reserve Bank of New Zealand Rate Decision (SEP 13)

2.50%

2.50%

2.50%

22:30

NZD

Business NZ Performance of Manufacturing Index (AUG)

47.2

-

49.4

23:50

JPY

Japan Buying Foreign Stocks (¥) (SEP 7)

-76.9B

-

-34.6B

23:50

JPY

Japan Buying Foreign Bonds (¥) (SEP 7)

788.3B

-

875.4B

23:50

JPY

Foreign Buying Japan Bonds (¥) (SEP 7)

264.4B

-

395.4B

23:50

JPY

Foreign Buying Japan Stocks (¥) (SEP 7)

65.9B

-

-44.8B

1:00

AUD

Consumer Inflation Expectation (SEP)

2.4%

-

2.4%

4:00

JPY

Tokyo Condominium Sales (YoY) (AUG)

17.3%

-

-1.0%

Euro Session: What to Expect

GMT

CCY

EVENT

EXP

PREV

IMPACT

7:15

CHF

Producer & Import Prices (MoM) (AUG)

-0.1%

-0.3%

Low

7:15

CHF

Producer & Import Prices (YoY) (AUG)

-0.7%

-1.8%

Low

7:30

CHF

Swiss National Bank Rate Decision (SEP 13)

0.00%

0.00%

High

8:00

EUR

Italian NIC incl. tobacco (MoM) (AUG F)

0.4%

0.4%

Medium

8:00

EUR

Italian CPI NIC incl. tobacco (YoY) (AUG F)

3.2%

3.2%

Medium

8:00

EUR

Italian CPI - EU Harmonized (MoM) (AUG F)

0.2%

0.2%

Medium

8:00

EUR

Italian CPI - EU Harmonzed (YoY) (AUG F)

3.5%

3.50%

Medium

8:30

EUR

Italian General Government Debt (JUL)

1972.9B

Medium

9:00

EUR

Euro-Zone Labor Costs (YoY) (2Q)

1.6%

2.0%

Low

Critical Levels

CCY

SUPPORT

RESISTANCE

EURUSD

1.2900

1.3000

GBPUSD

1.6057

1.6128

--- 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