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
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bearish
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
  • 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/MZtBh88nOv https://t.co/hQgZB9T73q
  • 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/vg7w10CKUR https://t.co/9JVh6BsWa2
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here: https://t.co/J0EPMD2Cfi https://t.co/ZDuee58Abe
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/niJL2W2yXV
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/0rNbbrd58e
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/zPzJAxBJxt
  • 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/uf6KEYTes5
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/gRjdVfbg66
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/SQUCCYRCIk https://t.co/mLLGqYUygY
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/HUYJzEkYiT
Euro Falls After Macron Win, Yen May Rise on Risk Aversion

Euro Falls After Macron Win, Yen May Rise on Risk Aversion

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Euro falls even as Macron wins French presidential election
  • NZ Dollar before RBNZ meeting, Aussie falls after China data
  • Japanese Yen may rise as sentiment sours around the markets

The Euro declined even as market favorite Emmanuel Macron emerged victorious in the second round of the French presidential election. As argued previously, the outcome was widely expected. With uncertainty about the vote now out of the way, the markets seemed to have reverted to underlying fundamentals. On this front, an ultra-dovish ECB and lingering Brexit-related risk remain potent reasons for weakness.

The New Zealand Dollar outperformed in otherwise quiet overnight trade. The currency rose alongside local front-end bond yields, which looks like an improvement in the monetary policy outlook at surface level. A clear-cut catalyst for a shift in traders’ expectations is absent however, hinting that the move reflects pre-positioning ahead of the upcoming RBNZ monetary policy announcement.

By contrast, the Australian Dollar fell after China reported that its foreign exchange reserves rose for a third consecutive month, and to a higher level than expected. This hints at tightening monetary conditions that may slow growth and undermine demand from Australia’s top export market. Local economic data seemed to help sellers build momentum. Chinese trade data passed with little fanfare.

From here, a tame offering of European and US economic data may be overlooked by financial markets. Comments from Cleveland and St. Louis Presidents Mester and Bullard may also pass by quietly since priced-in bets now see a June rate hike as nearly certain. That may put sentiment trends in focus, where weakening S&P 500 futures point to risk aversion. The Yen is most obviously likely to benefit in this scenario.

How will on-coming economic news impact markets? Join a webinar and follow along live!

Asia Session

Euro Falls After Macron Win, Yen May Rise on Risk Aversion

European Session

Euro Falls After Macron Win, Yen May Rise on Risk Aversion

** 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