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
EUR/USD
Bearish
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
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
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:🇫🇷 Unemployment Benefit Claims (AUG) due at 10:00 GMT (15min) Previous: -172.2K https://www.dailyfx.com/economic-calendar#2020-09-25
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:https://t.co/1oygcFMFNs https://t.co/ImXreWFFFY
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here: https://t.co/JdvW6HNuqV https://t.co/SbVPuUmpTU
  • 🇮🇹 Consumer Confidence (SEP) Actual: 103.4 Expected: 100.8 Previous: 101.0 https://www.dailyfx.com/economic-calendar#2020-09-25
  • 🇮🇹 Business Confidence (SEP) Actual: 92.1 Expected: 87.5 Previous: 87.1 https://www.dailyfx.com/economic-calendar#2020-09-25
  • 🇮🇹 Consumer Confidence (SEP) Actual: 103.4 Expected: 100.8 Previous: 100.8 https://www.dailyfx.com/economic-calendar#2020-09-25
  • 🇮🇹 Business Confidence (SEP) Actual: 92.1 Expected: 87.5 Previous: 86.1 https://www.dailyfx.com/economic-calendar#2020-09-25
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.91%, while traders in EUR/GBP are at opposite extremes with 67.79%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/vQ8iSnCFKO
  • Heads Up:🇮🇹 Consumer Confidence (SEP) due at 08:00 GMT (15min) Expected: 100.8 Previous: 100.8 https://www.dailyfx.com/economic-calendar#2020-09-25
  • Heads Up:🇮🇹 Business Confidence (SEP) due at 08:00 GMT (15min) Expected: 87.5 Previous: 86.1 https://www.dailyfx.com/economic-calendar#2020-09-25
Euro May Look Past PMI Data as French Election Looms

Euro May Look Past PMI Data as French Election Looms

2017-04-21 06:11:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Euro to look past flash PMI data with French election in focus
  • Yen edged tellingly higher even as markets’ risk appetite firmed
  • NZ Dollar fell cooler housing market stoked dovish RBNZ bets

The preliminary set of April’s Eurozone PMI figures headlines the economic calendar in European trading hours. The region-wide composite measures is expected to show the pace of manufacturing- and service-sector growth held at the six-year high set in March. The outcome can hardly be expected to boost the Euro however as the ECB remains committed to a dovish posture and the French presidential election looms ahead.

Indeed, the Yen edged up overnight, seemingly buoyed as traders remain jittery about first-round voting set for this weekend. The four leading candidates are worryingly close in the polls, meaning the possibility of a runoff between two eurosceptic candidates – Marine Le Pen from the right and Jean-Luc Melechon from the left – is uncomfortably high.

The Japanese unit’s gains look somewhat out of place against a backdrop of seemingly improving sentiment. Most Asian shares followed Wall Street higher. European and US index futures suggest more of the same is on tap when those bourses come online. Such restraint from the standby anti-risk asset in the G10 FX space may yet prove telling.

The New Zealand Dollar fell as CoreLogic – an analytics firm – said “demand has significantly weakened” in the local housing market in April. The currency fell alongside front-end bond yields, hinting that traders may have interpreted the news to mean that ebbing froth in the buoyant real estate space may portend a more accommodative RBNZ posture.

Have a question about the currency markets? Join a Trading Q&A webinar and ask it live!

Asia Session

Euro May Look Past PMI Data as French Election Looms

European Session

Euro May Look Past PMI Data as French Election Looms

** All times listed in GMT. See the full DailyFX economic calendar here.

--- 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