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
Mixed
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
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
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
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/5uSWKoLkd6 https://t.co/37m2Ij6f2H
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here: https://t.co/NpC1D8y4Aa https://t.co/aG5lue4jZ4
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/K4BUUCDVdB
  • 💶 GDP Growth Rate QoQ 2nd Est (Q2) Actual: -12.1% Expected: -12.1% Previous: -3.6% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate YoY 2nd Est (Q2) Actual: -15% Expected: -15% Previous: -3.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 Balance of Trade (JUN) Actual: €21.2B Expected: €12.6B Previous: €9.4B https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate QoQ 2nd Est (Q2) Actual: -12.1 Expected: -12.1% Previous: -3.6% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 🇭🇰 GDP Growth Rate QoQ Final (Q2) Actual: -0.1% Expected: -0.1% Previous: -5.3% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 🇭🇰 GDP Growth Rate YoY Final (Q2) Actual: -9% Expected: -9% Previous: -9.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate YoY 2nd Est (Q2) Actual: -9% Expected: -15% Previous: -3.1% https://www.dailyfx.com/economic-calendar#2020-08-14
US Dollar Backtracks as FOMC Rate Decision Looms Ahead

US Dollar Backtracks as FOMC Rate Decision Looms Ahead

2015-07-27 07:05:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • US Dollar Drops Amid Pre-Positioning Before FOMC Policy Announcement
  • Euro Unlikely to Find Lasting Direction Cues in German IFO Survey Data
  • See Economic Releases Directly on Your Charts with the DailyFX News App

The US Dollar underperformed in overnight trade as front-end yields declined, hinting weakness may reflect pre-positioning ahead of this week’s much-anticipated FOMC policy meeting. Traders may be paring back exposure in favor of a more neutral posture until after event risk passes having rebuilt bets on a 2015 rate hike over the past two weeks (as reflected in the December Fed Funds futures contract).

July’s German IFO survey of business confidence headlines the economic calendar in European trading hours. The headline Business Climate gauge is expected to edge narrowly lower, marking the third consecutive month of deterioration. The release seems unlikely to have a significant impact on the Euro however considering its limited implications for near-term ECB monetary policy, which appears to be on auto-pilot for the time being.

Later in the day, US Durable Goods orders data enters the spotlight. An increase of 3.2 percent is being penciled in for June, which would amount to the strongest uptick in three months. US economic news-flow has increasingly outperformed relative to consensus forecasts over recent weeks, opening the door for an upside surprise. Follow-through may prove constrained however, with traders unwilling to firmly commit to a directional bias until after the FOMC announcement is behind them.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

23:50

JPY

PPI Services (YoY) (JUN)

0.4%

0.6%

0.6%

01:30

CNY

Industrial Profits (YoY) (JUN)

-0.3%

-

0.6%

European Session

GMT

CCY

EVENT

EXP/ACT

PREV

IMPACT

06:00

EUR

German Import Price Index (MoM) (JUN)

-0.5% (A)

-0.2%

Low

06:00

EUR

German Import Price Index (YoY) (JUN)

-1.4% (A)

-0.8%

Low

07:00

CHF

Total Sight Deposits (JUL 24)

-

460.86B

Low

07:00

CHF

Domestic Sight Deposits (JUL 24)

-

396.75B

Low

08:00

EUR

German IFO Business Climate (JUL)

107.2

107.4

Medium

08:00

EUR

German IFO Current Assessment (JUL)

112.9

113.1

Medium

08:00

EUR

German IFO Expectations (JUL)

101.8

102.0

Medium

08:00

EUR

Eurozone M3 Money Supply (YoY) (JUN)

5.1%

5.0%

Medium

08:00

EUR

Eurozone M3 3-month average (JUN)

5.1%

5.0%

Medium

10:00

GBP

CBI Trends Total Orders (JUL)

-6

-7

Low

10:00

GBP

CBI Trends Selling Prices (JUL)

-8

-7

Low

10:00

GBP

CBI Business Optimism (JUL)

1

3

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.0826

1.0897

1.0941

1.0968

1.1012

1.1039

1.1110

GBPUSD

1.5382

1.5441

1.5475

1.5500

1.5534

1.5559

1.5618

--- 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

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.