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
Mixed
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
Bullish
More View more
Real Time News
  • Please join @JStanleyFX at 14:00 EST/16:00 GMT for a webinar on trading price action. Register here: https://t.co/rFhWzz0pIy https://t.co/melMU6h4Jr
  • No follow through on the Nasdaq's and S&P 500's record high close yesterday. Not surprising with the FOMC on the forward looking threat radar. Meanwhile, the Dow is listing dangerously like a boat taking on water. Will the Fed save or sink? https://t.co/GIkChQdOKZ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 75.11%, while traders in France 40 are at opposite extremes with 79.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/K4d2XxyGdx
  • WTI enjoying another strong session, up over 1% on the day and currently trading just below $72/bbl #Oil $CL_F #WTI https://t.co/UGf668BEt4
  • IG client sentiment data are sending bullish signals for both USD/CHF and EUR/CHF, suggesting a weaker Swiss Franc all around. Get your market update from @MartinSEssex here:https://t.co/2DJ7HuVnRP https://t.co/4xaNF4FjXN
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.25% Gold: -0.62% Silver: -1.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/WsLmJFTVct
  • $DXY $USD | US Dollar Index little changed after tagging its negatively sloped 50-day simple moving average earlier in the session as markets get positioned for FOMC event risk tomorrow. https://t.co/d7DE8WF0ZI
  • 🇷🇺 GDP Growth Rate YoY Final (Q1) Actual: -0.7% Expected: -1% Previous: -1.8% https://www.dailyfx.com/economic-calendar#2021-06-15
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.02% France 40: -0.02% Germany 30: -0.06% US 500: -0.34% Wall Street: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/SalQF25bMw
  • Heads Up:🇷🇺 GDP Growth Rate YoY Final (Q1) due at 16:00 GMT (15min) Expected: -1% Previous: -1.8% https://www.dailyfx.com/economic-calendar#2021-06-15
US Dollar Looks to Fed-Speak for Direction, Canadian Dollar Pressured

US Dollar Looks to Fed-Speak for Direction, Canadian Dollar Pressured

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • US Dollar Looking to Fed-Speak for Guidance Amid Fed Policy Speculation
  • Canadian Dollar Down Before Jobs Data in Otherwise Quiet Overnight Trade
  • See Economic Releases Directly on Your Charts with the DailyFX News App

The economic calendar is quiet in European trading hours, leaving traders wait for the day’s helping of official Fed commentary to offer direction cues. Richmond Fed President Jeffrey Lacker – a member of the rate-setting FOMC committee – is due to cross the wires.

The US Dollar has made a bid to renew its long-term uptrend after the release of minutes from the March Fed policy meeting earlier this week reignited the possibility of a mid-year interest rate cut. Mr Lacker is a relatively neutral voice on the FOMC. If his remarks hint at the serious probability of “liftoff” at the June/July policy meetings, the greenback may extend yesterday’s advance.

The Canadian Dollar underperformed in overnight trade, falling as much as 0.2 percent on average against its leading counterparts. The move may reflect pre-positioning ahead of the upcoming release of March Unemployment figures.

Expectations suggest the jobless rate will rise to 6.9 percent, the highest in six months, which may inspire the Bank of Canada to deliver additional monetary stimulus. Indeed, the Loonie’s decline since mid-2014 tracked a parallel slide in front-end bond yields, pointing to a dovish shift in policy bets as the catalyst.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

23:50

JPY

Bank Lending incl. Trusts (YoY) (MAR)

2.6%

2.6%

2.5%

23:50

JPY

Bank Lending ex-Trusts (YoY) (MAR)

2.7%

2.8%

2.6%

1:30

CNY

CPI (YoY) (MAR)

1.4%

1.3%

1.4%

1:30

CNY

PPI (YoY) (MAR)

-4.6%

-4.8%

-4.8%

1:30

AUD

Home Loans (MoM) (FEB)

1.2%

3.0%

-1.7%

1:30

AUD

Investment Lending (MoM) (FEB)

-3.4%

-

-0.3%

1:30

AUD

Owner-Occupier Loan Value (MoM) (FEB)

0.5%

-

0.7%

European Session

GMT

CCY

EVENT

EXP/ACT

PREV

IMPACT

5:45

CHF

Unemployment Rate (MAR)

3.4% (A)

3.5%

Low

5:45

CHF

Unemployment Rate SA (MAR)

3.2% (A)

3.2%

Low

8:30

GBP

Industrial Production (MoM) (FEB)

0.3%

-0.1%

Medium

8:30

GBP

Industrial Production (YoY) (FEB)

0.3%

1.3%

Medium

8:30

GBP

Manufacturing Production (MoM) (FEB)

0.4%

-0.5%

Medium

8:30

GBP

Manufacturing Production (YoY) (FEB)

1.3%

1.9%

Medium

8:30

GBP

Construction Output SA (MoM) (FEB)

2.2%

-2.6%

Low

8:30

GBP

Construction Output SA (YoY) (FEB)

1.9%

-3.1%

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.0393

1.0544

1.0602

1.0695

1.0753

1.0846

1.0997

GBPUSD

1.4359

1.4560

1.4637

1.4761

1.4838

1.4962

1.5163

--- 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