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
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
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
Wall Street
Bearish
Gold
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
GBP/USD
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
USD/JPY
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
More View more
Real Time News
  • $USD | US Dollar Outlook - via @DailyFX "The US Dollar looks primed for heightened volatility this week as election risk intensifies and key themes like stimulus talks, equity earnings, and COVID-19 restrictions exacerbate uncertainty." Link to Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/10/26/usd-price-outlook-us-dollar-in-the-hot-seat-as-election-nears.html https://t.co/B6HS0ecNPD
  • There are some major economies set to update on the health through the third quarter this week. The US and Eurozone are later this week, but South Korea is due to report this morning. When was the last time you took a look at the $USDKRW? https://t.co/UQLHfonxnO
  • Heads Up:🇳🇿 Balance of Trade (SEP) due at 21:45 GMT (15min) Previous: N$-353M https://www.dailyfx.com/economic-calendar#2020-10-26
  • The Euro remains the largest long by some margin, despite investors trimmed their bullish bets yet again. While the blue wave election trades are USD negative. Get your market update from @JMcQueenFX here:https://t.co/FxzsRmXYVN https://t.co/V4n7ncl1WA
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.10% 🇳🇿NZD: -0.13% 🇬🇧GBP: -0.16% 🇨🇭CHF: -0.40% 🇪🇺EUR: -0.43% 🇨🇦CAD: -0.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/YlP6D1tUc2
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: -0.03% Oil - US Crude: -0.08% Silver: -1.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/4D7w33mAud
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.86%, while traders in NZD/USD are at opposite extremes with 73.83%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/48N5RecRwt
  • RT @Nadex: Will the Dow be bullish or bearish after Nov. 3? Make your prediction today for a chance to win $5,000.* https://t.co/EXtYKMxrrW…
  • Australian #Dollar Forecast: $AUDUSD Grinds into Downtrend Resistance- #Aussie Levels - https://t.co/Y4oiWHaE6l https://t.co/GYpXhkKJIo
  • US Equity Update (Monday Close): $DJI -2.28% $SPX -1.86% $NDX -1.61% $RUT -2.15% $VIX +17.79%
Euro May Shrug Off CPI Data, US Dollar at Risk on Fed Beige Book

Euro May Shrug Off CPI Data, US Dollar at Risk on Fed Beige Book

2017-05-31 07:38:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • British Pound drops after latest UK pre-election poll
  • Euro unlikely to find follow-through in flash CPI data
  • US Dollar may weaken on downbeat Fed Beige Book

The British Pound underperformed in Asian trade. The currency fell after a YouGov poll suggested that the ruling Conservative party would fall short of a parliamentary majority by 16 seats in the upcoming general election. Until recently, the Tories were expected to win a commanding mandate after voters cast their ballots on June 8.

The Canadian Dollar traded higher in what may have reflected pre-positioning ahead of the upcoming first-quarter GDP report. The numbers are expected to show that the economy expanded at an annualized pace of 4.2 percent in the first three months of the year, the fastest since mid-2014.

Eurozone CPI data headlines the economic calendar in European trading hours. The headline year-on-year inflation rate is expected to come down to 1.5 percent in May from 1.9 percent in the prior month. The outcome may pass without fireworks considering its limited implications for near-term ECB monetary policy. Indeed, a similarly downbeat German CPI print had little lasting impact on the Euro yesterday.

Later in the day, the spotlight turns to the Federal Reserve Beige Book survey of regional economic conditions. Signs of slowdown consistent with a string of mostly disappointing economic news-flow since mid-March may weigh on rate hike expectations beyond June’s seemingly all-but-certain increase. Needless to say, such an outcome is likely to weigh on the US Dollar.

Have a question about trading FX markets? Join a Trading Q&A webinarb and ask it live!

Asia Session

Euro May Shrug Off CPI Data, US Dollar at Risk on Fed Beige Book

European Session

Euro May Shrug Off CPI Data, US Dollar at Risk on Fed Beige Book

** 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