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
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/H9fW9ewiQd
  • Get your snapshot update of the of market open and closing times for each major trading hub around the globe here: https://t.co/BgZLFljIhZ https://t.co/yLt0ldtMsV
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here: https://t.co/BnA07cMV0s https://t.co/ZwwuTzTeac
  • What's the difference between leading and lagging indicators? Find out from here: https://t.co/vGx8HCagF5 https://t.co/4DGXwA8vqs
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here: https://t.co/Ye4m1FMKUW https://t.co/mAMhWbV6Jy
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here.https://t.co/pb5E2KgRzW #DailyFXGuides https://t.co/E9ZmJvqO0z
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/fqxw1AoKc1
  • Gold snapped a two-week losing streak but keeps price within the broader August downtrend. These are the levels that matter on the $XAUUSD weekly chart. Get your market update from @MBForex here: https://t.co/B3Jct6mIBD https://t.co/xTGIM2hRBv
  • $GBPUSD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data. Get your market update from @nickcawley1 here: https://t.co/S8UoHzOwFN https://t.co/qI6UZdggvM
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfJhp91 https://t.co/6wxX6oQurn
Currency Markets Set Sights on G20 as Greek Impasse Looms Large

Currency Markets Set Sights on G20 as Greek Impasse Looms Large

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Australian, NZ Dollars Briefly Advance on Soft Chinese Inflation Figures
  • G20 Meeting in Focus as Greece/EU Impasse Continues to Loom Large
  • See Economic Data Directly on Your Charts with the DailyFX News App

The major currencies were little-changed in overnight trade, with markets seemingly waiting for higher-profile event risk on tap in the latter half of the week before resigning to directional commitment. The Australian and New Zealand Dollars rallied following an unexpectedly soft set of Chinese CPI figures, but gains proved short-lived.

The report showed the headline year-on-year inflation rate slowed to just 0.8 percent, the weakest since November 2009. That probably fueled hopes for greater stimulus expansion in the world’s second-largest economy, an outcome that could bode well for Australian and New Zealand export prospects and boost overall growth. That in turn might limit the scope for further RBA and RBNZ interest rate cuts.

Looking ahead, a quiet day on the European economic data docket will put Greece-related news-flow at the forefront as G20 finance ministers gather in Istanbul. Officials are surely unnerved by the possible implications of forced “Grexit” for global growth and financial stability. Meanwhile, various members of the new anti-austerity government in Athens continue to trade barbs with the Germany-led contingent of EU member states that insist Greece must follow through on the terms of its bailout.

While the G20 sit-down is unlikely to deliver the final word on the crisis, traders will be keen to size up the tenor of rhetoric coming out of the event to get a sense for where things are headed. Representatives of economies outside the EU will surely press both sides to strike a deal for the collective benefit of everyone. If such efforts appear to pave the way for a breakthrough, firming sentiment may weigh on the safe-haven Japanese Yen and the Euro is likely to receive a healthy boost on waning redenomination fears.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

21:00

NZD

ANZ Truckometer Heavy (MoM) (JAN)

0.9%

-

3.4%

22:30

AUD

ANZ Roy Morgan Weekly Consumer Conf

111.7

-

112.4

23:50

JPY

Tertiary Industry Index (MoM) (DEC)

-0.3%

0.0%

0.2%

23:50

JPY

Japan Money Stock M2 (YoY) (JAN)

3.6%

3.4%

3.6%

23:50

JPY

Japan Money Stock M3 (YoY) (JAN)

2.8%

2.9%

2.9%

23:50

JPY

Housing Loans (YoY) (4Q)

2.5%

-

2.8%

0:01

GBP

BRC Sales Like-For-Like (YoY) (JAN)

0.2%

0.5%

-0.4%

0:30

AUD

House Price Index (YoY) (4Q)

6.8%

7.1%

9.0%

0:30

AUD

House Price Index (QoQ) (4Q)

1.9%

1.8%

1.4%

0:30

AUD

NAB Business Conditions (JAN)

2

-

2

0:30

AUD

NAB Business Confidence (JAN)

3.0%

-

2

1:30

CNY

PPI (YoY) (JAN)

-4.3%

-3.8%

-3.3%

1:30

CNY

CPI (YoY) (JAN)

0.8%

1.1%

1.5%

European Session

GMT

CCY

EVENT

EXP/ACT

PREV

IMPACT

6:45

CHF

Unemployment Rate (JAN)

3.5%

3.4%

Medium

6:45

CHF

Unemployment Rate s.a. (JAN)

3.1% (A)

3.2%

Medium

8:15

CHF

CPI (MoM) (JAN)

-0.4% (A)

-0.5%

Medium

8:15

CHF

CPI (YoY) (JAN)

-0.5% (A)

-0.3%

Medium

8:15

CHF

CPI - EU Harmonized (MoM) (JAN)

-0.6% (A)

0.0%

Low

8:15

CHF

CPI - EU Harmonized (YoY) (JAN)

-0.1% (A)

-0.1%

Low

9:30

GBP

Industrial Production (MoM) (DEC)

-0.1%

-0.1%

Medium

9:30

GBP

Industrial Production (YoY) (DEC)

0.5%

1.1%

Medium

9:30

GBP

Manufacturing Production (MoM) (DEC)

-0.1%

0.7%

Medium

9:30

GBP

Manufacturing Production (YoY) (DEC)

2.0%

2.7%

Medium

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.1140

1.1229

1.1277

1.1318

1.1366

1.1407

1.1496

GBPUSD

1.5092

1.5160

1.5188

1.5228

1.5256

1.5296

1.5364

--- 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