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
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
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • USD/CAD trades to a fresh monthly low (1.2471) following the failed attempt to push back above the 50-Day SMA (1.2585). Get your $USDCAD market update from @DavidJSong here:https://t.co/H4HSs3F399 https://t.co/XNCeAY4VJS
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.01% 🇯🇵JPY: 0.65% 🇨🇭CHF: 0.50% 🇪🇺EUR: 0.41% 🇦🇺AUD: 0.33% 🇨🇦CAD: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/84xpQjIXNy
  • The Cable Come Back $GBPUSD hard charging for that 1.4000 handle - the same that rebuked the advance multiple times in March https://t.co/8LCcOxhGVF
  • $USD now down to the next fibo level, trying to grasp on to the 618 Q2 reversal theme still in play https://t.co/2VG2DW5lX5 https://t.co/vjzCG0gxHk
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: France 40: -0.19% FTSE 100: -0.20% Germany 30: -0.21% Wall Street: -0.40% US 500: -0.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/lcRh4V7LPH
  • $Gold pulling back, support potential around prior neckline from the double bottom formation $GC https://t.co/zn5e1byJPx https://t.co/ImAEGmKN4G
  • $EURCAD has strengthened by around 100 pips today, bouncing off support at 1.4950 to rise above the 1.5050 level, hitting its highest level in over a month. $EUR $CAD https://t.co/m5bZkeXmV6
  • $AARK is just not digging that 130 figure https://t.co/t8u5DMWUFe
  • #Bitcoin just fell to a fresh intraday low around the 55,000 level after attempting to rebound higher. The crypto sold off sharply over the weekend, falling from 61,000 to the low 50,000s range. $BTC https://t.co/ZOBJmEimB0
  • Hey traders! Get your Monday market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/4L9IvPN6qB
Greece in Focus as ECB Mulls Funding Access, Government Sells Bills

Greece in Focus as ECB Mulls Funding Access, Government Sells Bills

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Euro Gains as ECB Mulls Greek Banks’ ELA Access, Athens Sells 6-mo Bills
  • New Zealand Dollar Slumps as Soft 1Q Jobs Data Fuels RBNZ Rate Cut Bets
  • See Economic Releases Directly on Your Charts with the DailyFX News App

All eyes will be on Greece in European trading hours. The beleaguered country will try to raise €875 million in a six-month bill sale ahead of a scheduled payment of €1.4 billion in maturing paper on Thursday. Meanwhile, the ECB Governing Council will meet to discuss Greek banks’ continued access to Emergency Liquidity Assistance (ELA).

A jump in borrowing costs at the auction and/or a tightening of ECB requirements for tapping ECB funding may fuel fears of an imminent Greek cash crunch, weighing on the Euro. The markets seem relatively sanguine however, with the single currency broadly higher against the majors ahead of the event risk. Investors’ optimism may reflect the relatively low probability of major changes in the status quo ahead next week’s pivotal Eurogroup meeting, particularly from a central bank wanting to project an apolitical posture.

The New Zealand Dollar underperformed in overnight trade, falling as much as 1.3 percent on average against its leading counterparts. The move followed an underwhelming set of first-quarter Employment figures. The report revealed a quarterly jobs increase of 0.7 percent compared with economists’ expectations of a 0.8 percent gain. The unemployment rate printed at 5.8 percent, disappointing bets on a drop to 5.5 percent. The Kiwi’s slide tracked a drop in front-end bond yields, hinting the figures fueled RBNZ rate cut speculation.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

22:45

NZD

Average Hourly Earnings (1Q)

0.2%

0.9%

0.4%

22:45

NZD

Unemployment Rate (1Q)

5.8%

5.5%

5.8%

22:45

NZD

Employment Change (QoQ) (1Q)

0.7%

0.8%

1.2%

22:45

NZD

Employment Change (YoY) (1Q)

3.2%

3.3%

3.6%

22:45

NZD

Participation Rate (1Q)

69.6%

69.4%

69.4%

22:45

NZD

Private Wages Ex Overtime (QoQ) (1Q)

0.3%

0.4%

0.5%

22:45

NZD

Private Wages Incl Overtime (QoQ) (1Q)

0.3%

0.4%

0.5%

1:00

AUD

HIA New Home Sales (MoM) (MAR)

4.4%

-

1.1%

1:30

AUD

Retail Sales (MoM) (MAR)

0.3%

0.4%

0.7%

1:30

AUD

Retail Sales Ex Inflation (QoQ) (1Q)

0.7%

0.8%

1.2%

1:45

CNY

HSBC Composite PMI (APR)

51.3

-

51.8

1:45

CNY

HSBC Services PMI (APR)

52.9

-

52.3

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

-

EUR

ECB Meeting to Review Greece ELA

-

-

High

7:45

EUR

Markit/ADACI Italy Services PMI (APR)

52

51.6

Low

7:45

EUR

Markit/ADACI Italy Composite PMI (APR)

52.7

52.4

Low

7:50

EUR

Markit France Services PMI (APR F)

50.8

50.8

Low

7:50

EUR

Markit France Composite PMI (APR F)

50.4

50.2

Low

7:55

EUR

Markit Germany Services PMI (APR F)

54.4

54.4

Medium

7:55

EUR

Markit/BME Germany Composite PMI (APR F)

54.2

54.2

Medium

8:00

EUR

Markit Eurozone Services PMI (APR F)

53.7

53.7

Medium

8:00

EUR

Markit Eurozone Composite PMI (APR F)

53.5

53.5

Medium

8:30

GBP

Official Reserves Changes ($) (APR)

-

-924M

Low

9:00

EUR

Greece Sells €875M in 6-mo Bills

-

-

High

9:00

EUR

Retail Sales (MoM) (MAR)

-0.7%

-0.2%

Low

9:00

EUR

Retail Sales (YoY) (MAR)

2.4%

3.0%

Medium

8:30

GBP

Markit/CIPS UK Services PMI (APR)

58.5

58.9

Medium

8:30

GBP

Markit/CIPS UK Composite PMI (APR)

58.1

58.8

Medium

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.0844

1.1001

1.1093

1.1158

1.1250

1.1315

1.1472

GBPUSD

1.4905

1.5034

1.5108

1.5163

1.5237

1.5292

1.5421

--- 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