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
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
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
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
Gold
Bearish
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
Bullish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.89%, while traders in EUR/GBP are at opposite extremes with 66.41%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fWlXXvQUkT
  • 🇲🇽 Interest Rate Decision Actual: 4.5% Expected: 4.25% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-09-24
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.97% Wall Street: 0.92% France 40: 0.66% FTSE 100: 0.62% Germany 30: 0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/SmPAA5CRPL
  • RT @FinancialJuice: US JUDGE: THE US MUST DELAY TIKTOK DOWNLOAD BAN OR FILE LEGAL PAPERS BY FRI. 2:30 PM ET DEFENDING THE BAN. - COURT ORDE…
  • Fed's Barkin says markets appear to be more concerned about inflation being low, not high $SPX $XAUUSD
  • Heads Up:🇺🇸 Fed Williams Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-24
  • Heads Up:🇲🇽 Interest Rate Decision due at 18:00 GMT (15min) Expected: 4.25% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-09-24
  • Fed's Barkin says he views moderate inflation mostly delivered from market power and price transparency $SPX
  • The S&P 500 breakdown is testing the first major zone of support and we’re looking for a reaction. Get your S&P 500 technical analysis from @MBForex here:https://t.co/JrTNmQ5c7g https://t.co/7HSxMUZYWn
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.89%, while traders in EUR/GBP are at opposite extremes with 65.56%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7tkZBRqU8Z
US Dollar May Fall as Fed-Speak Underpins Bets on Rate Hike Delay

US Dollar May Fall as Fed-Speak Underpins Bets on Rate Hike Delay

2015-03-25 06:19:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Euro Unlikely to Find Follow-Through in Upbeat German IFO Survey Data
  • US Dollar May Decline as Fed Commentary Supports Dovish Outlook Shift
  • New Zealand Dollar Underperforms on Soft Trade Balance Data Overnight

Germany’s IFO Survey of business confidence headlines the economic calendar in European trading hours. The forward-looking Expectations index is expected to rise for the fifth consecutive month in March, registering at the highest level since July. The outcome seems unlikely to offer much by way of lasting Euro volatility however considering the results’ limited impact on the near-term ECB policy outlook. Indeed, sentiment may be improving because the central bank has expanded stimulus efforts, which hardly seems like a supportive narrative for the single currency.

Later in the day, “Fed-speak” returns to the spotlight as Charles Evans – the President of the central bank’s Chicago branch – takes to the wires. Traders pushed out the likely timeline for the first post-QE rate interest hike after last week’s FOMC meeting, with Fed Funds futures now pointing to an increase in September (versus the June/July consensus prevailing ahead of the Fed announcement). Rhetoric supporting thisshift from the typically dovish Mr. Evans may weigh on the US Dollar.

The New Zealand Dollar underperformed in overnight trade, falling as much as 0.3 percent on average against its top counterparts. The move followed a disappointing Trade Balance data set that put the year-to-date deficit a –NZ$2.18 billion in February, the highest since August 2009. The British Pound corrected broadly higher after sinking against all of the majors yesterday on the back of soft CPI figures, as expected. The Japanese Yen likewise advanced on regional haven flows as the benchmark Nikkei 225 stock index declined.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

21:45

NZD

Trade Balance (NZ$) (FEB)

50M

350M

33M

21:45

NZD

Trade Balance YTD (NZ$) (FEB)

-2181M

-1850M

-1434M

21:45

NZD

Exports (NZ$) (FEB)

3.92B

4.10B

3.68B

21:45

NZD

Imports (NZ$) (FEB)

3.87B

3.70B

3.64B

23:50

JPY

PPI Services (YoY) (FEB)

3.3%

3.3%

3.5%

0:00

AUD

Skilled Vacancies (MoM) (FEB)

0.2%

-

0.4%

1:45

CNY

Westpac-MNI Consumer Sentiment (MAR)

114.7

-

112.0

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

7:00

CHF

UBS Consumption Indicator (FEB)

-

1.24

Low

9:00

EUR

German IFO - Business Climate (MAR)

107.3

106.8

Medium

9:00

EUR

German IFO - Current Assessment (MAR)

112.0

111.3

Medium

9:00

EUR

German IFO - Expectations (MAR)

103.0

102.5

Medium

9:30

GBP

BBA Loans for House Purchase (FEB)

36650

36394

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.0672

1.0810

1.0867

1.0948

1.1005

1.1086

1.1224

GBPUSD

1.4611

1.4752

1.4801

1.4893

1.4942

1.5034

1.5175

--- 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