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
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
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
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
Gold
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
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.62%, while traders in EUR/USD are at opposite extremes with 72.91%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Yso2dgKU4I
  • 10 out of 11 S&P 500 sectors closed in the green, with 70% of the index’s constituents ending higher yesterday. Energy (+1.13%) and financials (+0.82%) and were among the better performers, whereas consumer staples (-0.11%) and healthcare (+0.13%) were lagging. https://t.co/XbJZafP2qG
  • Broad risk-on tilt seen early in APAC trade - Haven-associated $USD and $JPY sliding to fresh session-lows as the risk-sensitive $AUDUSD climbs higher. - #Gold eyeing a push to session-highs while #SP500 futures hover relatively steady - #Crudeoil attempting to push back to $42 https://t.co/Uh2YW4jeAP
  • Netflix fell over 5% after its Q3 results came sharply below forecasts in terms of earnings-per-share (EPS), new subscribers and forward guidance due to a drastic slowdown in sign-ups in the summer season. https://t.co/faqGMEJlHb
  • Wall Street Futures Update: Dow Jones (+0.43%) S&P 500 (+0.40%) Nasdaq 100 (+0.51%) [delayed] -BBG
  • 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/ERyiY47G5H https://t.co/ysyX7W3yGa
  • If you missed this week's session on IGCS where I discussed recent trends in positioning for the #DowJones, #SP500, $AUDUSD and $GBPUSD, discussing the outlook, check out the recording here - https://t.co/KpftLsNaTh
  • 🇦🇺 Westpac Leading Index MoM (SEP) Actual: 0.2% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2020-10-21
  • 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/38gTDn8ejP https://t.co/ENnLsj88Ta
  • Heads Up:🇦🇺 Westpac Leading Index MoM (SEP) due at 00:30 GMT (15min) Previous: 0.5% https://www.dailyfx.com/economic-calendar#2020-10-21
Euro May Shrug Off Busy Data Docket, US Dollar May Recover

Euro May Shrug Off Busy Data Docket, US Dollar May Recover

2017-05-23 04:48:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Euro may shrug off busy data docket on limited ECB impact
  • Fed-speak and PMI data may offer a lifeline to the US Dollar
  • Aussie and NZ Dollars rise with Chinese stocks, Pound down

A packed European economic data docket may pass with relatively little fanfare. The preliminary set of May Eurozone PMI readings as well as Germany’s IFO survey of business confidence and a revised look at its first-quarter GDP statistics are all on tap.

A mixed bag of outcomes is expected but the Euro may shrug off whatever results end up crossing the wires. ECB monetary policy seems firmly locked in wait-and-see mode through year-end, so the practical implications of today’s outcomes for the rates outlook and thereby the currency seem limited.

US economic news-flow will enter the spotlight later in the day. An uptick in PMI readings and another round of hawkish-leaning Fed commentary may offer a lifeline to the US Dollar. Lasting follow-through seems unlikely ahead of Wednesday’s release of minutes from this month’s FOMC meeting.

The Australian and New Zealand Dollars narrowly outperformed in generally quiet Asian trade. Prices tracked Chinese and Hong Kong shares upward. The British Pound fell, with the newswires attributing the move to an explosion at a concert in Manchester. The authorities are treating the incident as an act of terrorism.

What do retail traders’ buy/sell decisions say about FX market trends? Find out here!

Asia Session

Euro May Shrug Off Busy Data Docket, US Dollar May Recover

European Session

Euro May Shrug Off Busy Data Docket, US Dollar May Recover

** 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