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.

Free Trading Guides
EUR/USD
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
Oil - US Crude
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
Wall Street
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
Gold
Mixed
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
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: 0.04% Wall Street: -0.05% FTSE 100: -1.04% France 40: -1.29% Germany 30: -1.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/KJYkjRqknS
  • USD/ZAR: A rally from here could be an important tell as to whether the level seen as support previously (17.76) will turn into a point of resistance for sellers to lean against. Get your $USDZAR technical analysis from @PaulRobinsonFX here:https://t.co/TNsQ4JJu6E https://t.co/GMxZj0n8XP
  • Emerging market currencies haven’t been treated equally by the effects of global contagion, even if most have suffered to some degree. However withdrawal of investment flows could hit them all. Get your market update from @DavidCottleFX here:https://t.co/QzNoNYgMgP https://t.co/j71z9WYeBm
  • My trading video for today: "S&P 500 and $AUDUSD Await Trump China Presser, $EURJPY Climbs on Stimulus" https://www.dailyfx.com/forex/video/daily_news_report/2020/05/29/SP-500-and-AUDUSD-Await-Trump-Statement-EURJPY-Climbs-on-Stimulus.html?ref-author=Kicklighter&QPID=917719&CHID=9
  • Wall Street Futures Update S&P 500: -0.21% Dow Jones: -0.30% NASDAQ 100: -0.12% (delayed) - BBG
  • The US Dollar could rise against #ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data.Get your market update from @ddubrovskyFX here:https://t.co/LkEFJViPWY https://t.co/I2HhrD40vi
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.33% Gold: 0.12% Oil - US Crude: -1.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/3wq4zdqxfp
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.22% 🇨🇭CHF: 0.07% 🇪🇺EUR: 0.05% 🇦🇺AUD: -0.08% 🇨🇦CAD: -0.11% 🇳🇿NZD: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/XQf8MSJFP6
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.13%, while traders in US 500 are at opposite extremes with 79.44%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qNiQK9ANUG
  • RT @DanielGMoss: Historical comparison of the #ASX200 during the #GFC and the #GreatLockdown may offer a glimpse of what may lie ahead for…
Euro, Aussie and NZ Dollars May Fall as Yen Gains on Eurozone PMIs

Euro, Aussie and NZ Dollars May Fall as Yen Gains on Eurozone PMIs

2015-09-23 04:13:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Euro May Decline if Soft Eurozone PMIs Inspire Bets on More ECB Stimulus
  • Aussie, NZ Dollars to Fall as Yen Gains if PMIs Amplify Global Slowdown Fears
  • See Economic Releases Directly on Your Charts with the DailyFX News App

The preliminary set of September’s Eurozone PMI figures headlines the economic calendar in European trading hours. The regional composite measure is expected to tick lower, pointing to slowing manufacturing- and service-sector growth. Economic news-flow out of the currency bloc has increasingly deteriorated relative to consensus forecasts since the beginning of the month, suggesting analysts’ models may be over-estimating the vigor of the region’s recovery and opening the door for a downside surprise.

Such a result may amplify global slowdown fears and fuel continued risk aversion, boosting the Japanese Yen while punishing the sentiment-geared Australian, Canadian and New Zealand Dollars. The Euro may likewise come under pressure amid speculation that softening economic conditions could spur the ECB to expand monetary stimulus after the central bank’s President Mario Draghi opened the door for such a possibility at this month’s policy meeting.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

00:00

AUD

Conf. Board Leading Index (MoM) (JUL)

-

-

-0.2%

01:00

AUD

Skilled Vacancies (MoM) (AUG)

-

-

0.1%

01:45

CNH

Caixin China PMI Mfg (SEP P)

-

47.5

47.3

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

06:45

EUR

French GDP (YoY) (2Q F)

1.0%

1.0%

Medium

06:45

EUR

French GDP (QoQ) (2Q F)

0.0%

0.0%

Medium

07:00

EUR

French Markit Manufacturing PMI (SEP P)

48.6

48.3

Low

07:00

EUR

French Markit Services PMI (SEP P)

51.0

50.6

Low

07:00

EUR

French Markit Composite PMI (SEP P)

50.4

50.2

Low

07:30

EUR

German Markit/BME Manufacturing PMI (SEP P)

52.6

53.3

High

07:30

EUR

German Markit Services PMI (SEP P)

54.5

54.9

High

07:30

EUR

German Markit/BME Composite PMI (SEP P)

54.6

55.0

High

08:00

EUR

Eurozone Markit Manufacturing PMI (SEP P)

52.0

52.3

High

08:00

EUR

Eurozone Markit Services PMI (SEP P)

54.2

54.4

High

08:00

EUR

Eurozone Markit Composite PMI (SEP P)

54.0

54.3

High

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.0959

1.1053

1.1087

1.1147

1.1181

1.1241

1.1335

GBPUSD

1.5036

1.5224

1.5295

1.5412

1.5483

1.5600

1.5788

--- 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.