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
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
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
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
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up! Will be starting soon. I will be resuming last week's discussion on equities to see what positioning can say about the prevailing trends, signup below https://t.co/5WGeehCLdh
  • 🇯🇵 JPY Trade Balance - BOP Basis (Yen) (FEB), Actual: ¥1366.6b Expected: ¥1215.0b Previous: -¥985.1b https://www.dailyfx.com/economic-calendar#2020-04-07
  • 🇯🇵 JPY Machine Orders (YoY) (FEB), Actual: -2.4% Expected: -3.0% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2020-04-07
  • 🇯🇵 JPY Machine Orders (YoY) (FEB), Actual: 5% Expected: -3.0% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2020-04-07
  • Australia outlook cut from stable to negative by S&P - BBG #AUD
  • #RBNZ Assistant Governor Christian Hawkesby: - The central bank is "very open" to changing the size of its QE program - There is a limit to how much of the bond market the RBNZ can purchase - Monetary authorities open to increasing QE in a "rapidly evolving situation" - BBG #NZD
  • Heads Up:🇯🇵 JPY Machine Orders (YoY) (FEB) due at 23:50 GMT (15min), Actual: N/A Expected: -3.0% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2020-04-07
  • Heads Up:🇯🇵 JPY Trade Balance - BOP Basis (Yen) (FEB) due at 23:50 GMT (15min), Actual: N/A Expected: ¥1213.6b Previous: -¥985.1b https://www.dailyfx.com/economic-calendar#2020-04-07
  • (Asia AM) The US #Dollar fell despite the #DowJones and #SP500 erasing upside gaps as #coronavirus deaths in New York and New Jersey rose the most over a day. Will #USD regain lost ground? - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/04/07/US-Dollar-Outlook-in-Focus-as-Virus-Deaths-Rose-SP-500-Erased-Gap.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/1HodiTap9v
  • LIVE IN 30 MIN: In this session, Currency Analyst @ddubrovskyFX discusses traders' positioning as a key element of market analysis to determine the prevailing and future price trends. https://www.dailyfx.com/webinars/998956395
Forex: Dollar May Rise on Fed-Speak, Chinese Data Shakes Asian Markets

Forex: Dollar May Rise on Fed-Speak, Chinese Data Shakes Asian Markets

2014-03-10 01:53:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Quiet European, US Economic Calendars Put Spotlight on “Fed-Speak”
  • US Dollar May Rise if Pro-Taper Evans Comments Follow NFP Report
  • Aussie Falls, Yen Gains as Chinese Exports Fall Most Since August 2009

A quiet economic data docket in European and US trading hours offers little in terms of market-moving event risk. On the official commentary front, Chicago Fed President Charles Evans is due to come across the wires. While Mr Evans is not a member of the policy-setting FOMC committee this year, traders may be atypically responsive to any clues about the central bank’s thinking that he offers given the absence of other catalysts. Rhetoric supportive of continued “tapering” of QE asset purchases in the context of Friday’s upbeat US employment data may drive the US Dollar higher after prices found support near February’s lows.

The Australian Dollar underperformed to start the trading week in the wake of a dramatically disappointing set of Chinese Trade Balance figures reported over the weekend. The plunge in exports was particularly dramatic, with overseas sales down -18.1% year-on-year to produce the largest drawdown since August 2009. China is Australia’s largest trading partner and the dismal data set fueled concerns that a slowdown in the former country will reverberate in the latter, undermining the probability that the RBA’s next move might be an interest rate hike after the current period of stability.The Japanese Yen traded higher as worrying cues from the world’s second-largest economy weighed on Asian shares and drove demand for the safe-haven currency.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

1:30

CNY

Consumer Price Index (YoY)

2.0%

2.1%

2.5%

1:30

CNY

Producer Price Index (YoY)

-2.0%

-1.9%

-1.6%

21:45

NZD

Manufacturing Activity Volume (QoQ) (4Q)

5.7%

-

1.3%

21:45

NZD

Manufacturing Activity (4Q)

6.3%

-

6.2%

23:50

JPY

Current Account Total (¥) (JAN)

-1589.0B

-1411.8B

-638.6B

23:50

JPY

Adjusted Current Account Total (¥) (JAN)

-588.3B

-548.9B

68.6B

23:50

JPY

Trade Balance - BOP Basis (¥) (JAN)

-2345.4B

-2589.6B

-1047.4B

23:50

JPY

GDP (QoQ) (4Q F)

0.2%

0.2%

0.3%

23:50

JPY

GDP Annualized (4Q F)

0.7%

0.9%

1.0%

23:50

JPY

Nominal GDP (QoQ) (4Q F)

0.3%

0.4%

0.4%

23:50

JPY

GDP Consumer Spending (QoQ) (4Q F)

0.4%

-

0.5%

23:50

JPY

GDP Business Spending (QoQ) (4Q F)

0.8%

-

1.3%

23:50

JPY

GDP Deflator (YoY) (4Q F)

-0.3%

-0.4%

-0.4%

23:50

JPY

Bank Lending incl. Trusts (YoY) (FEB)

2.2%

2.4%

2.3%

23:50

JPY

Bank Lending Banks ex-Trust (FEB)

2.4%

-

2.5%

4:30

JPY

Bankruptcies (YoY) (FEB)

-

-

-7.49%

5:00

JPY

Eco Watchers Survey: Current (FEB)

-

54.1

54.7

5:00

JPY

Eco Watchers Survey: Outlook (FEB)

-

50.5

49

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

8:15

CHF

Retail Sales (Real) (YoY) (JAN)

-

2.3%

Medium

9:30

GBP

Lloyds Employment Confidence (FEB)

-

-2

Low

9:30

EUR

Euro-Zone Sentix Investor Confidence (MAR)

14

13.3

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EUR/USD

1.3755

1.3818

1.3846

1.3881

1.3909

1.3944

1.4007

GBP/USD

1.6577

1.6656

1.6685

1.6735

1.6764

1.6814

1.6893

--- 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

News & Analysis at your fingertips.