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
Oil - US Crude
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
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
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
USD/JPY
Mixed
More View more
Real Time News
  • (Analyst Pick) Australian Dollar Outlook: AUD/NZD May Fall After New Zealand CPI Surprise $AUDNZD #RBNZ #AUD #NZD https://www.dailyfx.com/forex/analyst_picks/todays_picks/daniel_dubrovsky/2021/01/22/Australian-Dollar-Outlook-AUDNZD-May-Fall-After-New-Zealand-CPI-Surprise.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ZVx9BfsofP
  • 🇹🇭 Balance of Trade (DEC) Actual: $0.960B Expected: $0.58B Previous: $0.05B https://www.dailyfx.com/economic-calendar#2021-01-22
  • The US Dollar may be finding a turning point against ASEAN currencies as smaller fiscal stimulus bets, soft earnings risk and Covid cases translate into some capital flight from equities. Get your #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/F3uz5GHMSd https://t.co/YD7wNgSSZT
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Gold: -0.38% Silver: -1.18% Oil - US Crude: -1.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/uFnu8LK5XY
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.08% 🇨🇭CHF: 0.04% 🇯🇵JPY: -0.03% 🇨🇦CAD: -0.21% 🇦🇺AUD: -0.22% 🇳🇿NZD: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/i94xEFtwS8
  • Heads Up:🇹🇭 Balance of Trade (DEC) due at 03:30 GMT (15min) Expected: $0.58B Previous: $0.05B https://www.dailyfx.com/economic-calendar#2021-01-22
  • Twitter traders are strong on the HODL today after Bitcoin's 13 percent drop. I don't think the 'we are still up 250% year over year' argument is particularly strong. Alternatively, suggesting regulators will never get a foothold would probably land well
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 72.03%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/CUNmrUFPzy
  • The New Zealand Dollar has slipped lower in recent days against its major counterparts, as risk appetite notably faded. Key levels to watch for NZD/USD, NZD/JPY and AUD/NZD. Get your $NZD market update from @DanielGMoss here:https://t.co/E0OyTqxvcL https://t.co/meJhfb6V9R
  • A part of Hong Kong's Kowloon district will go into lock down this week: SCMP via BBG
Forex: Markets to Look Past European Data, Focus on Fed Commentary

Forex: Markets to Look Past European Data, Focus on Fed Commentary

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Quiet European Data Docket Shifts the Spotlight on Fed-Speak Roundup
  • US Dollar May Rise if Policymakers Hint at Continued Stimulus Reduction
  • Aussie and NZ Dollars, Yen Rise as Markets Digest QE Tapering Outlook

Get Real-Time Feedback on Your Trades with DailyFX on Demand!

A relatively quiet economic calendar in European trading hours puts the spotlight on a busy schedule of “Fed-speak due in the final hour of the trading week. Charles Plosser and Jeffrey Lacker – Presidents of the Philadelphia and Richmond branches of the central bank respectively – as well as Governor Jeremy Stein and Chairman Ben Bernanke are all on the day’s docket.

Rhetoric reinforcing the likelihood of continued “tapering” of the Fed’s QE3 program in the months ahead is likely to boost the US Dollar against most of its top counterparts. A more cautious tone stressing the data dependence of near-term policy may yield the opposite effect. The rate-setting FOMC committee began to scale down stimulus in December, reducing asset purchase by a cumulative $10 billion.

The Australian and New Zealand Dollars as well as the Japanese Yen advanced in overnight trade. The move tracked a rebound in US Treasury bond futures, suggesting the move probably reflected a correction as policy-sensitive currencies digest the likely trajectory of Fed actions in 2014. Benchmark 10-year US yields pulled back from a two-year high above 3 percent and bonds recovered yesterday as markets returned from the New Year holiday, with more of the same on deck in Asia.

New to FX? START HERE!

Asia Session:

GMT

CCY

EVENT

ACT

EXP

PREV

1:00

CNY

Non-Manufacturing PMI (DEC)

54.6

-

56.0

Euro Session:

GMT

CCY

EVENT

EXP/ACT

PREV

IMPACT

7:00

GBP

Nationwide House Prices s.a. (MoM) (DEC)

0.7%

0.6%

Low

7:00

GBP

Nationwide House Prices n.s.a. (YoY) (DEC)

7.1%

6.5%

Low

8:00

CHF

KOF Swiss Leading Indicator (DEC)

1.91

1.85

Medium

8:30

CHF

PMI Manufacturing (DEC)

56.2

56.5

Medium

9:00

EUR

Euro-Zone M3 Money Supply s.a. (YoY) (NOV)

1.5%

1.4%

Medium

9:00

EUR

Euro-Zone M3 Money Supply (3m Avg) (NOV)

1.7%

1.9%

Low

9:30

GBP

Net Consumer Credit (NOV)

0.7B

0.5B

Low

9:30

GBP

Net Lending Sec. on Dwellings (NOV)

1.3B

1.2B

Low

9:30

GBP

Mortgage Approvals (NOV)

69.7K

67.7K

Medium

9:30

GBP

M4 Money Supply (MoM) (NOV)

-

0.1%

Low

9:30

GBP

M4 Money Supply (YoY) (NOV)

-

2.4%

Low

9:30

GBP

M4 Ex IOFCs 3M Annualized (NOV)

4.8%

4.5%

Low

9:30

GBP

PMI Construction (DEC)

62

62.6

Medium

Critical Levels:

CCY

SUPP 3

SUPP 2

SUPP 1

Pivot Point

RES 1

RES 2

RES 3

EURUSD

1.3402

1.3547

1.3610

1.3692

1.3755

1.3837

1.3982

GBPUSD

1.6105

1.6297

1.6375

1.6489

1.6567

1.6681

1.6873

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

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES