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
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
Wall Street
Mixed
Gold
Mixed
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
  • 🇳🇿 Electronic Retail Card Spending YoY (MAR) Actual: 5.1% Previous: -5.3% https://www.dailyfx.com/economic-calendar#2021-04-12
  • 🇳🇿 Electronic Retail Card Spending MoM (MAR) Actual: 0.9% Previous: -2.5% https://www.dailyfx.com/economic-calendar#2021-04-12
  • Heads Up:🇳🇿 Electronic Retail Card Spending YoY (MAR) due at 22:45 GMT (15min) Previous: -5.3% https://www.dailyfx.com/economic-calendar#2021-04-12
  • Heads Up:🇳🇿 Electronic Retail Card Spending MoM (MAR) due at 22:45 GMT (15min) Previous: -2.5% https://www.dailyfx.com/economic-calendar#2021-04-12
  • The US Dollar may extend gains against the Thai Baht. But, its price action within USD/SGD, USD/PHP and USD/IDR seem to be favoring more range-bound trading conditions. Get your market update from @ddubrovskyFX here:https://t.co/DYCLXAFcCr https://t.co/iaI1RZOnSd
  • SEC said to curtail SPAC fervor with discussions on accounting - BBG
  • Gold extends its decline as the 50-day EMA proves to be strong resistance yet again $XAU $USD https://t.co/wHIxrQYDET
  • The Australian Dollar has carved a well-defined monthly range just above trendline support and the immediate focus is on a breakout of the April range for guidance. Get your $AUD market update from @MBForex here:https://t.co/mZs9vBxedN https://t.co/UaM9NnavMk
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.26% 🇨🇭CHF: 0.26% 🇬🇧GBP: 0.25% 🇦🇺AUD: 0.05% 🇳🇿NZD: -0.05% 🇨🇦CAD: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/OKUnUn59EY
  • $IWM flows vs. Russell 2000 Index performance https://t.co/vsTaYIX9o8
US Dollar May Rise on Fed Bets as June Inflation Data Tops Forecasts

US Dollar May Rise on Fed Bets as June Inflation Data Tops Forecasts

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • US Dollar Likely to Rise if June’s Inflation Data Outshines Expectations
  • Aussie Dollar Higher, Yen Declines as Risk Appetite Firms in Asian Trade
  • See Economic Data Releases on Your Charts with the DailyFX News App

A quiet economic calendar in European trading hours is likely to see investors looking ahead to the release of June’s US CPI data. The benchmark year-on-year inflation rate is expected to register at 2.1 percent, unchanged from the prior month. Data from Citigroup suggests US price-growth readings have increasingly outperformed relative to consensus forecasts since the beginning of the year, opening the door for an upside surprise. Such an outcome may inspire speculation that the time gap between October’s end of Fed QE and the first subsequent interest rate hike will be shorter than expected, driving the US Dollar higher.

The Australian Dollar narrowly outperformed in otherwise quiet overnight trade as stocks advanced, boosting support for the sentiment-linked currency. On the other side of the risk appetite spectrum, the safe-haven Japanese Yen faced selling pressure. The MSCI Asia Pacific regional benchmark equity index added 0.3 percent. Newswires attributed the move to fading concerns about the economic implications of geopolitical jitters that preoccupied investors last week.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

23:30

AUD

ANZ Roy Morgan Weekly Cons. Conf. Index

113.5

-

108.7

2:00

CNY

Conference Board Leading Index (JUN)

294.0

-

290.3

4:30

JPY

All Industry Activity Index (MoM) (MAY)

0.6%

0.6%

-4.6%

4:42

JPY

Supermarket Sales (YoY) (JUN)

-2.8%

-

-2.2%

5:00

JPY

Leading Index (MAY F)

-

105.7

5:00

JPY

Coincident Index (MAY F)

-

111.1

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

6:00

CHF

Trade Balance (CHF) (JUN)

2.78B

2.85B

Low

6:00

CHF

Exports (MoM) (JUN)

-

-5.0%

Low

6:00

CHF

Imports (MoM) (JUN)

-

-2.5%

Low

7:00

JPY

Convenience Store Sales (YoY) (JUN)

-

-0.8%

Low

8:30

GBP

Public Finances (PSNCR) (£) (JUN)

-

8.5B

Low

8:30

GBP

Central Government NCR (£) (JUN)

-

12.4B

Low

8:30

GBP

Public Sector Net Borrowing (£) (JUN)

9.4B

11.5B

Low

8:30

GBP

PSNB ex Interventions (£) (JUN)

10.5B

13.3B

Low

8:30

GBP

PSNB ex Royal Mail, APF (£) (JUN)

11.1B

13.3B

Low

9:00

EUR

Eurozone Government Debt (1Q)

-

-

Low

10:00

GBP

CBI Trends Total Orders (JUL)

8

11

Low

10:00

GBP

CBI Business Optimism (JUL)

30

33

Low

10:00

GBP

CBI Trends Selling Prices (JUL)

4

3

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.3457

1.3493

1.3508

1.3529

1.3544

1.3565

1.3601

GBPUSD

1.6991

1.7034

1.7055

1.7077

1.7098

1.7120

1.7163

--- 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