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
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
Bearish
Wall Street
Bullish
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
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
More View more
Real Time News
  • The Dow Jones could fall based on positioning signals, will the growth-linked Australian Dollar and Canadian Dollar follow? If so, what are the technical barriers ahead? Find out from @ddubrovskyFX here:https://t.co/yJrlR5C00P https://t.co/3yPoDUHnfG
  • #Singapore GDP shrinks most on record as city-state enters a recession #SGD falls, #USD gains #StraitsTimes eyeing support What is the road ahead for $USD/SGD? - https://www.dailyfx.com/forex/market_alert/2020/07/14/US-Dollar-USDSGD-Gain-Singapore-Enters-Recession-on-Record-GDP-Drop.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/HvcLpEh6NG
  • Join @DanielGMoss's #Webinar at 10:00 PM ET/2:00 AM GMT for his weekly coverage of trading prep for $AUDUSD in the week ahead. Register here: https://t.co/wi1qabrtHJ https://t.co/13qB60OlJV
  • Further gains in USD/IDR could be curbed as USD/PHP establishes a floor around 2017 lows. USD/MYR may fall next as USD/SGD fast approaches a key falling trend line.Get your #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/9JgZm2n8Fl https://t.co/KqeCR8z3Du
  • RT @Reuters: U.S. Senate to begin debate on new coronavirus bill next week: McConnell https://t.co/qPKEV0fLa9 https://t.co/O33B0ITYaa
  • If you issued your own bond as a person (let's say 10y) how high do you think your yield would be?
  • Market snapshot: US equity futures up, #AUD, #NZD down.
  • Singapore Dollar cautiously weakens against the US Dollar following disappointing #Singapore GDP data $USDSGD #SGD https://t.co/7mRV62n82s
  • WOW Singapore Q2 GDP -41.2% on QoQ on an annualized basis. Est: -35.9% - BBG
  • This Singaporean GDP reading for the second quarter does not bode well for the 'rest of world' figures due over the next few weeks. I would not be surprised if China simply 'weathered' this global impact with Thursday's release... https://t.co/HiflgPvptk
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

2014-07-22 04:44:00
Ilya Spivak, Head Strategist, APAC
Share:

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

News & Analysis at your fingertips.