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
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
More View more
Real Time News
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX! https://t.co/lxd5fZ5LG7
  • (Weekly Fundy) Crude Oil May Rise as Covid Case Growth Slows. WTI Eyes OPEC Outlook, Evergrande #CrudeOil #WTI #OPEC #Evergrande https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/09/26/Crude-Oil-May-Rise-as-Covid-Case-Growth-Slows-WTI-Eyes-OPEC-Outlook-Evergrande.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/76e2aGf3p0
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4Cnoc1dk0 https://t.co/NhsMS1EY4b
  • We are heading into the final trading days for the month of September and event risk thins out amid the $SPX's rebound. This is what history says for the 39th week of the year and here is my take on the variable factors: https://www.dailyfx.com/forex/video/daily_news_report/2021/09/25/SP-500-and-Dollar-Have-Different-Views-for-Last-Week-of-September.html https://t.co/4OBVmrvI7I
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today: https://www.dailyfx.com/free-trading-guides?ref-author=social#forecastschoices=AUD?QPID=30472&CHID=9 https://t.co/LHJi7CNFmM
  • $EURUSD https://t.co/KZyXX6p2oI
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here: https://t.co/MZtBh8pYG3 https://t.co/1zNf5dpDjU
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/z8z6BNudn5
  • #PELOSI SAYS WE ARE GOING TO PASS THE INFRASTRUCTURE BILL THIS WEEK PELOSI SAYS SHE WILL NEVER BRING TO THE HOUSE FLOOR A BILL THAT DOESN'T HAVE THE VOTES TO PASS $USD $SPX $XAUUSD
  • Short-term uncertainties to keep the pressure on equity markets. Get your weekly equities forecast from @JMcQueenFX here: https://t.co/JLMDPZKvN8 https://t.co/YbdJnwoqj1
Euro May Hold Up Even if EU FinMins Fail on Greek Funding Deal

Euro May Hold Up Even if EU FinMins Fail on Greek Funding Deal

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Euro Selling to be Limited Even if EU FinMins Fail on Greek Funding Deal
  • Australian Dollar Down Alongside Bond Yields as RBA Rate Cut Bets Build
  • See Economic Releases Directly on Your Charts with the DailyFX News App

Greece remains to the spotlight in European trading hours as Eurozone finance ministers continue to meet in Luxembourg. This time around, they will be joined by their counterparts of EU countries outside of the single currency bloc.

The markets appear fairly sanguine for now. Indeed, while yesterday’s meeting ended in deadlock between Athens and its creditors once again, Greek bond yields edged lower and the 1-year CDS spread narrowed to suggest worries about an adverse outcome eased.

A bit under two weeks remains until the expiry of the current bailout program and the scheduled repayment of €1.6 billion to the IMF. That seems to represent a sort of line in the sand for investors. In the interim, markets appear determined to hold out hope that an 11th hour compromise is possible.

With that in mind, a status-quo outcome to today’s sit-down seems unlikely to meaningfully punish the Euro. Needless to say, a clear-cut breakthrough paving the way for an accord or an official breakdown without room to maneuver further would probably trigger volatility on the up- or downside, respectively.

The Australian Dollar underperformed in overnight trade. The move tracked a drop in front-end bond yields, pointing to eroding RBA policy expectations as a possible catalyst for selling pressure. The markets now price in at least one rate cut over the coming 12 months.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

22:00

NZD

ANZ Job Advertisements (MoM) (MAY)

0.1%

-

-1.3%

-

JPY

BOJ Annual Rise in Monetary Base

-

¥80T

¥80T

-

JPY

Bank of Japan Monetary Policy Statement

-

-

-

01:00

NZD

ANZ Consumer Confidence Index (JUN)

119.9

-

123.9

01:00

NZD

ANZ Consumer Confidence (MoM) (JUN)

-3.2%

-

-3.8%

01:45

CNY

MNI Business Indicator (JUN)

53.5

-

49.7

03:00

JPY

BOJ Policy Statement/Kuroda Press Conference

-

-

04:30

JPY

All Industry Activity Index (MoM) (APR)

0.2%

-1.3%

05:00

JPY

Leading Index CI (APR F)

-

107.2

05:00

JPY

Coincident Index (APR F)

-

111.1

05:30

JPY

Nationwide Dept Sales (YoY) (MAY)

-

13.7%

05:30

JPY

Tokyo Dept Store Sales (YoY) (MAY)

-

17.8%

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

06:00

EUR

German PPI (MoM) (MAY)

0.2%

0.1%

Medium

06:00

EUR

German PPI (YoY) (MAY)

-1.1%

-1.5%

Medium

07:00

EUR

EU Finance Ministers Hold Meeting

-

-

High

08:00

EUR

ECB Current Account SA () (APR)

-

18.6B

Low

08:00

EUR

ECB Current Account NSA () (APR)

-

24.9B

Low

08:30

GBP

Public Finances (PSNCR) () (MAY)

-

-4.0B

Low

08:30

GBP

Central Government NCR () (MAY)

-

-1.2B

Low

08:30

GBP

Public Sector Net Borrowing () (MAY)

10.0B

6.0B

Low

08:30

GBP

PSNB ex Banking Groups () (MAY)

10.3B

6.8B

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.1165

1.1270

1.1315

1.1375

1.1420

1.1480

1.1585

GBPUSD

1.5624

1.5748

1.5814

1.5872

1.5938

1.5996

1.6120

--- 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