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
Bullish
Oil - US Crude
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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/bpKdIqGxsn
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/jmcAIW4w5k
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/M9isuvnzqF
  • The British Pound is giving back some of its multi-month gains with some pairs testing notable support despite a positive fundamental backdrop. Get your market update from @nickcawley1 here: https://t.co/6Ct5R0H41F https://t.co/c4rXmMjMrv
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5cVYOn https://t.co/4dhCP5pnxM
  • Gold is facing the neckline of a Double Bottom Pattern after bouncing off a confirmed longer-term trendline. Is a bullish reversal in order? Get your market update from @FxWestwater here: https://t.co/kLXZewWBMd https://t.co/w1Nu0z569m
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here: https://t.co/8G8mUX4so6 https://t.co/Gn41XsGktg
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here: https://t.co/SRsG8CxjEn https://t.co/2AR1qgx0tz
  • The New Zealand Dollar is in a tricky spot. On one hand, rising stocks can propel NZD. On the other, a dovish RBNZ ahead could cool bond yields as the government tackles soaring housing costs. Get your market update from @ddubrovskyFX here: https://t.co/5rjm2gr3EL https://t.co/aLwhWHMPqz
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/obH0RFLKhC
US Dollar May Rise as 2Q GDP Data Boosts Fed Rate Speculation

US Dollar May Rise as 2Q GDP Data Boosts Fed Rate Speculation

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Euro Unlikely to Find Follow-Through in German CPI, Unemployment Data
  • US Dollar May Rise as Upbeat 2Q GDP Report Amplifies Fed Rate Hike Bets
  • See Economic Releases Directly on Your Charts with the DailyFX News App

The preliminary set of July’s German CPI figures headlines the economic calendar in European trading hours. The benchmark year-on-year inflation rate is expected print at 0.3 percent, unchanged from the prior month. German Unemployment figures are likewise on tap, with the ranks of the jobless expected to shrink by a further 5k.

On balance, neither release is likely to inspire meaningful follow-through from the Euro considering their limited implications for near-term ECB monetary policy. Indeed, the central bank appears effectively on auto-pilot as it continues to implement its €60 billion/month QE effort through September 2016.

Later in the day, the spotlight will shift to second-quarter US GDP report. An increase of 2.5 percent is expected, marking a swift rebound following the 0.2 percent contraction in the first three months of the year. US economic data has increasingly outperformed relative to consensus forecasts recently, opening the door for an upside surprise. Such a result stands to reinforce bets on an on-coming Fed interest rate hike following yesterday’s hawkish shift in FOMC rhetoric, boosting the US Dollar.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

22:45

NZD

Building Permits (MoM) (JUN)

-4.1%

-

0.0%

23:50

JPY

Industrial Production (MoM) (JUN P)

0.8%

0.3%

-2.1%

23:50

JPY

Industrial Production (YoY) (JUN P)

2.0%

1.3%

-3.9%

01:30

AUD

Import price index (QoQ) (2Q)

1.4%

1.5%

-0.2%

01:30

AUD

Export price index (QoQ) (2Q)

-4.4%

-4.0%

-0.8%

01:30

AUD

Building Approvals (MoM) (JUN)

-8.2%

-1.0%

2.3%

01:30

AUD

Building Approvals (YoY) (JUN)

8.6%

19.5%

18.3%

03:00

JPY

Vehicle Production (YoY) (JUN)

-5.3%

-

-16.6%

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

07:00

CHF

KOF Leading Indicator (JUL)

90.4

89.7

Low

07:55

EUR

German Unemployment Change (JUL)

-5.0K

-1.0K

Medium

07:55

EUR

German Unemployment Claims Rate SA (JUL)

6.4%

6.4%

Medium

08:00

EUR

ECB Publishes Economic Bulletin

-

-

Low

09:00

EUR

Eurozone Economic Confidence (JUL)

103.2

103.5

Low

09:00

EUR

Eurozone Business Climate Indicator (JUL)

0.19

0.14

Low

09:00

EUR

Eurozone Industrial Confidence (JUL)

-3.4

-3.4

Low

09:00

EUR

Eurozone Services Confidence (JUL)

8.0

7.9

Low

09:00

EUR

Eurozone Consumer Confidence (JUL F)

-7.1

-7.1

Low

12:00

EUR

German CPI (MoM) (JUL P)

0.2%

-0.1%

Medium

12:00

EUR

German CPI (YoY) (JUL P)

0.3%

0.3%

Medium

12:00

EUR

German CPI - EU Harmonized (MoM) (JUL P)

0.3%

-0.2%

Medium

12:00

EUR

German CPI - EU Harmonized (YoY) (JUL P)

0.1%

0.1%

Medium

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.0778

1.0895

1.0939

1.1012

1.1056

1.1129

1.1246

GBPUSD

1.5423

1.5525

1.5563

1.5627

1.5665

1.5729

1.5831

--- 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