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
Gold
Mixed
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
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/IRly5vINGA
  • Gold prices surged to a 14-week high as the 10-year Treasury yield fell for a third day. Inflation fears and viral resurgence bolstered the appeal of the yellow metal, as Chinese buyers returned to the market. https://www.dailyfx.com/forex/market_alert/2021/05/17/Gold-Prices-at-14-Week-High-as-Yields-Fall-Chinese-Buyers-Return.html https://t.co/0M7qQ73c65
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.68%, while traders in France 40 are at opposite extremes with 84.03%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/NoT4omixyH
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.03% 🇬🇧GBP: -0.07% 🇪🇺EUR: -0.11% 🇨🇦CAD: -0.23% 🇦🇺AUD: -0.40% 🇳🇿NZD: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/GBc23P8NQJ
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.17% Germany 30: -0.05% FTSE 100: -0.10% US 500: -0.28% Wall Street: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/zEojicMMU8
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/mfwJ0sZLTs https://t.co/zyTHSyUiMd
  • 🇹🇭 GDP Growth Rate QoQ (Q1) Actual: 0.2% Expected: -0.8% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-05-17
  • 🇹🇭 GDP Growth Rate YoY (Q1) Actual: -2.6% Expected: -3.3% Previous: -4.2% https://www.dailyfx.com/economic-calendar#2021-05-17
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.63% Gold: 0.37% Oil - US Crude: 0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/SnUeYQAKdi
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.02% 🇬🇧GBP: -0.11% 🇪🇺EUR: -0.11% 🇨🇦CAD: -0.24% 🇦🇺AUD: -0.35% 🇳🇿NZD: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/d3OdjbE19m
US Dollar May Rise as News-Flow Bolsters Fed Policy Outlook

US Dollar May Rise as News-Flow Bolsters Fed Policy Outlook

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • US Dollar May Rise if Upbeat PPI, UofM Figures Boost Fed Rate Hike Bets
  • Australian Dollar Edges Lower Alongside S&P/ASX 200 in Overnight Trade
  • See Economic Releases Directly on Your Charts with the DailyFX News App

Another quiet day on the European economic data front is likely to keep the spotlight on US economic news-flow through the end of the trading week. May’s PPI figures and June’s University of Michigan Consumer Confidence gauge are on tap. Core wholesale inflation is expected to edge narrowly lower to 0.7 year-on-year, marking the weakest reading in almost five years. Meanwhile, the sentiment gauge is seen moving higher to 91.2 after printing a six-month low at 90.7 in May.

Realized US data outcomes havesteadily improved relative to consensus forecasts since mid-May, suggesting analysts are underestimating the vigor of the world’s largest economy and opening the door for upside surprises. Such results may encourage an up-shift in investors’ expected timeline for the first post-QE interest rate hike, boosting the US Dollar. As it stands, priced-in bets reflected in Fed funds futures suggest markets continue to see the onset of tightening in October.

The Australian Dollar declined in otherwise quiet overnight trade. The move tracked a fractional downswing on the S&P/ASX 200 stock index, pointing to ebbing risk appetite as the likely catalyst behind selling pressure. Financial shares led the equities benchmark lower in a move that may have reflected a response to comments from ANZ CFO Shayne Elliot said he expects regulars to ask lenders for higher capital levels. ANZ is Australia’s third-largest bank.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

22:30

NZD

BusinessNZ Manufacturing PMI (MAY)

51.5

-

51.7

22:45

NZD

Food Prices (MoM) (MAY)

0.4%

-

-0.3%

01:30

AUD

Credit Card Purchases (A$) (APR)

22.9B

-

25.6B

01:30

AUD

Credit Card Balances (A$) (APR)

51.1B

-

51.2B

04:30

JPY

Industrial Production (MoM) (APR F)

1.2%

-

1.0%

04:30

JPY

Industrial Production (YoY) (APR F)

0.1%

-

-0.1%

04:30

JPY

Capacity Utilization (MoM) (APR)

-0.4%

-

-1.2%

04:30

JPY

Tertiary Industry Index (MoM) (APR)

-0.2%

0.4%

-1.0%

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

08:30

GBP

Construction Output SA (MoM) (APR)

0.1%

3.9%

Low

08:30

GBP

Construction Output SA (YoY) (APR)

0.5%

1.6%

Low

09:00

EUR

Eurozone Industrial Production (MoM) (APR)

0.4%

-0.3%

Medium

09:00

EUR

Eurozone Industrial Production (YoY) (APR)

1.1%

1.8%

Medium

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.0959

1.1108

1.1183

1.1257

1.1332

1.1406

1.1555

GBPUSD

1.5267

1.5379

1.5448

1.5491

1.5560

1.5603

1.5715

--- 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