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. See our updated Privacy Policy here.

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
Mixed
Oil - US Crude
Bullish
Wall Street
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
Gold
Bullish
GBP/USD
Mixed
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
  • AUD/USD remains range-bound but trend potential exists elsewhere in pairs such as AUD/JPY or AUD/CAD. Get your market update from @JStanleyFX here: https://t.co/bppORO1NEg https://t.co/6mXqAOrl9H
  • What are some technical and fundamental factors affecting the equities market? Get your free forecast here: https://t.co/YQG1aaIT8C #DailyFXGuides https://t.co/oOyN7fUaC6
  • The Federal Open Market Committee (FOMC) Minutes may drag on the price of gold as the central bank appears to be in no rush to switch gears. Get your market update from @DavidJSong here: https://t.co/2EvNplObIk https://t.co/hhEAnqhAEu
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here: https://t.co/J0EPMD2Cfi https://t.co/gNiVpWrd1p
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/4zEwS7mFJE
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/nB2f5m56nq
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/Q0yRRpMpPX
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/pSeSiNnmHe
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/iVOEuK40rn
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/SQUCCYRCIk https://t.co/ltEO5dpKux
Euro at Risk as Greece Jitters Return, US Dollar May Rise on Fed-Speak

Euro at Risk as Greece Jitters Return, US Dollar May Rise on Fed-Speak

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Euro Vulnerable to Deeper Losses as “Grexit” Worries Emerge Once Again
  • US Dollar May Rise if Hawkish Fed-Speak Boosts Interest Rate Hike Outlook
  • See Economic Releases Directly on Your Charts with the DailyFX News App

The US Dollar underperformed to start the trading week, falling as much as 0.3 percent on average against its leading counterparts. The move appeared corrective after the benchmark unit soared to the highest level in 11 years last week in the aftermath of February’s payrolls data. The Euro led the way higher against the greenback having been the hardest-hit on Friday.

The single currency may swiftly come under renewed selling pressure however as Greece returns to the spotlight. Eurozone finance ministers are due to meet in Brussels to discuss the beleaguered country’s funding after a list of reforms proposed by Athens in exchange for bailout cash was rejected. Signs of renewed deadlock following the sit-down may reboot “Grexit” fears, rekindling Euro selling pressure.

“Fed-speak” comes into focus later in the day, with the President of the US central bank’s Cleveland branch Loretta Mester due to discuss the outlook for the economy and monetary policy. While not currently on the FOMC, Mester was a voter in 2014 and so seems likely to be well-versed in the latest thinking on the rate-settingcommittee. She is also firmly on the hawkish side of the spectrum, meaning her comments may reboot the USD advance if they portend a sooner start to stimulus withdrawal.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

2:51

CNY

Trade Balance (FEB)

$60.62B

$6.00B

$60.03B

2:51

CNY

Imports (YoY) (FEB)

-20.5%

-10.0%

-19.7%

2:51

CNY

Exports (YoY) (FEB)

48.3%

14.0%

-3.2%

21:45

NZD

Manufacturing Activity (QoQ) (4Q)

-0.7%

-

-1.1%

21:45

NZD

Manufacturing Activity Volume (QoQ) (4Q)

0.9%

-

0.5%

23:50

JPY

GDP (QoQ) (4Q F)

0.4%

0.5%

0.6%

23:50

JPY

GDP Annualized (QoQ) (4Q F)

1.5%

2.2%

2.2%

23:50

JPY

Nominal GDP (QoQ) (4Q F)

1.0%

1.1%

1.1%

23:50

JPY

GDP Deflator (YoY) (4Q F)

2.4%

2.3%

2.3%

23:50

JPY

GDP Private Consumption (QoQ) (4Q F)

0.5%

0.3%

0.3%

23:50

JPY

GDP Business Spending (QoQ) (4Q F)

-0.1%

0.2%

0.1%

23:50

JPY

Current Account Total (¥) (JAN)

61.4B

270.4B

187.2B

23:50

JPY

Adjusted Current Account Total (¥) (JAN)

1058.1B

117.6B

852.8B

23:50

JPY

Trade Balance - BOP Basis (¥) (JAN)

-864.2B

-936.0B

-395.6B

23:50

JPY

Bank Lending incl Trusts (YoY) (FEB)

2.5%

-

2.5%

23:50

JPY

Bank Lending Banks ex-Trust (FEB)

2.6%

2.6%

2.6%

0:30

AUD

ANZ Job Advertisements (MoM) (FEB)

0.9%

-

1.2%

4:30

JPY

Bankruptcies (YoY) (FEB)

-11.50%

-

-16.55%

5:00

JPY

Eco Watchers Survey: Outlook (FEB)

53.2

50.4

50.0

5:00

JPY

Eco Watchers Survey: Current (FEB)

50.1

46.5

45.6

European Session

GMT

CCY

EVENT

EXP/ACT

PREV

IMPACT

7:00

EUR

German Trade Balance (€) (JAN)

15.9B (A)

18.9B

Low

7:00

EUR

German Current Account (€) (JAN)

16.8B (A)

25.6B

Low

7:00

EUR

German Imports s.a. (MoM) (JAN)

-0.3% (A)

-0.7%

Low

7:00

EUR

German Exports s.a. (MoM) (JAN)

-2.1% (A)

2.8%

Low

8:00

CHF

SNB Sight Deposits

-

-

Low

8:30

EUR

Eurozone FinMins Meet in Brussels

-

-

High

9:30

EUR

Eurozone Sentix Investor Conf (MAR)

18.6 (A)

12.4

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.0520

1.0713

1.0778

1.0906

1.0971

1.1099

1.1292

GBPUSD

1.4660

1.4884

1.4961

1.5108

1.5185

1.5332

1.5556

--- 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