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
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
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
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
Mixed
More View more
Real Time News
  • It’s been relatively quiet in FX-land, but the USD did push below a big zone of support earlier today. Get your $USD currency pairs technical analysis from @JStanleyFX here:https://t.co/ZC8g3lVxoO https://t.co/lchSrr9hBO
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 1.02% Gold: 0.15% Oil - US Crude: -1.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/SN5ZJQwiRu
  • White House Chief of Staff Mark Meadows: -Mnuchin and Pelosi made good progress on stimulus talks today -We still have a ways to go toward reaching a deal -Talks productive enough to continue again tomorrow -Trump admin offer currently stands at $1.88-trillion
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.81%, while traders in EUR/USD are at opposite extremes with 73.16%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PUSjs4XLSS
  • US Treasury opposes extension of Federal Reserve's Municipal Lending Facility (MLF) -BBG $USD $SPX $XAU $RUT $DJI
  • Netflix 3Q earnings shows EPS at $1.74 vs expectations of $2.13 on revenue of $6.44 Bln vs expectations of $6.38 Bln. Not the greatest start for FAANG earnings
  • As of today, it is officially two weeks until the #2020Election with the final presidential debate coming up on October 22. Crazy to think how fast time flies.
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.01% US 500: -0.01% Germany 30: -0.19% FTSE 100: -0.28% France 40: -0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/zxL5TzfUnp
  • US Dollar Price Action Setups: EUR/USD, AUD/USD, GBP/USD https://www.dailyfx.com/forex/video/live_events/2020/10/20/US-Dollar-Price-Action-Setups-EURUSD-EUR-USD-AUD-USD-AUDUSD-GBP-USD-GBPUSD.html https://t.co/zzMSzNAu7E
  • Renewed hopes of additional US stimulus combined with economic uncertainty increased the demand for Gold, Silver and other safe-haven assets temporarily. Get your market update from @Tams707 here:https://t.co/tdpnGJAdZp https://t.co/d3DlqqcAde
Euro and US Dollar Look Vulnerable as Inflation Slows

Euro and US Dollar Look Vulnerable as Inflation Slows

2017-05-30 04:44:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Yen and US Dollar rise as risk appetite sours in Asian trade
  • Soft German CPI may see Euro extend Draghi-inspired drop
  • Downtick in US PCE gauge may cool Fed rate hike outlook

The Yen outperformed in Asian trade as regional stock exchanges traded lower, boosting demand for the perennially anti-risk currency. The US Dollar likewise traded higher. That move was accompanied by gains in benchmark 10-year Treasury bond prices – another baseline anti-risk instrument – suggesting the greenback may be reclaiming its haven appeal.

The Euro was weakest among the G10 FX majors, with prices seemingly still reeling from yesterday’s comments by ECB President Mario Draghi. The central bank chief struck a dovish tone in testimony before the European Parliament as expected, saying it is too early to expect a change in monetary policy because officials are “firmly convinced” that the economy needs further support.

May’s preliminary set of German CPI figures headlines the economic calendar in European trading hours. The benchmark year-on-year inflation rate is expected to fall to 1.6 percent from 2 percent in April. Euro-area economic news-flow has increasingly underwhelmed relative to consensus forecasts in recent weeks, opening the door for a still softer outcome, which may amplify pressure on the single currency.

The Fed’s favored PCE gauge of US inflation enters the spotlight later in the day. The core year-on-year rate is expected to tick down to 1.5 percent, the lowest since December 2015. A still softer outcome echoing mostly disappointing US data outcomes since mid-March may cool expectations for Fed rate hike prospects beyond June’s policy meeting, weighing on the US Dollar.

Need help turning your market outlook into an actionable strategy? Check out our trading guide!

Asia Session

Euro and US Dollar Look Vulnerable as Inflation Slows

European Session

Euro and US Dollar Look Vulnerable as Inflation Slows

** 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