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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
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
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
USD/JPY
Mixed
More View more
Real Time News
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.91% US 500: -0.95% FTSE 100: -1.59% France 40: -1.87% Germany 30: -2.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/C4FezoR7ry
  • $EURUSD hit a fresh seven day low around 1.2100 as the pair weakened by over 50 pips this morning. $EUR $USD https://t.co/6mDFhiCzfx
  • #Bitcoin has headed lower today. After beginning the trading day around $32,500, the cryptocurrency has dropped to currently trade just above $30,000, a key support level in January. $BTC https://t.co/eXJQZRkofe
  • #Gold is trading lower today, briefly dipping below $1,840 earlier this morning, a key level since the selloff earlier in the month. $XAU $GLD https://t.co/T8keoTWXx4
  • Germany reduces economic growth forecast for 2021 to 3% from 4.4%, sees return to pre-crisis levels delayed until mid 2022. $EUR
  • 🇺🇸 Durable Goods Orders Ex Transp MoM (DEC) Actual: 0.7% Expected: 0.5% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2021-01-27
  • 🇺🇸 Durable Goods Orders MoM (DEC) Actual: 0.2% Expected: 0.9% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-01-27
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 70.49%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EtrGob0uHN
  • Remember that @elonmusk tweet about Signal a few weeks ago, and the stock $SIGL shot higher? Lots involved with the blow up of Melvin Capital seem to be confusing $AMC with $AMCX. What was that about "efficient markets?"
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here.https://t.co/pb5E2KgRzW #DailyFXGuides https://t.co/WN3zLLK2GU
US Dollar Eyes CPI But Geopolitics May Trump Data Impact

US Dollar Eyes CPI But Geopolitics May Trump Data Impact

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Yen gains while Aussie, NZ Dollars sink as risk aversion extends to Asia
  • US Dollar may be forced to look past CPI data amid geopolitical jitters
  • Are FX markets matching DailyFX forecasts so far in Q3? Find out here

The sentiment-linked Australian and New Zealand Dollars slumped while the perennially anti-risk Japanese Yen and Swiss Franc traded higher as Asian bourses picked up the negative lead emanating from Wall Street. The MSCI Asia Pacific regional benchmark equity index shed over 1 percent amid worries about escalating tension between the US and North Korea.

From here, a quiet offering on the European economic data front puts July’s US CPI report in focus. The headline year-on-year inflation rate is expected to rise for the first time in five months, rising to1.8 percent from 1.6 percent in June. US economic news-flow has been improving relative to consensus forecasts since mid-June, opening the door for another upside surprise.

Taken in isolation, a strong CPI print would go a long way toward making another Fed rate hike in 2017 appear more likely. Needless to say, such an outcome might be expected to bode well for the US Dollar. However, the current sentiment backdrop makes it difficult to argue for any kind of tightening, regardless of what price growth may be doing.

As it stands, S&P 500 futures are trading relatively flat. That need not mean that risk-off momentum has dissipated however, and may amount to little more than a brief respite to consolidate after the US benchmark index issued the largest daily drop in three months yesterday. Indeed, contracts tracking the FTSE 100 are deep into the red, suggesting that the blood-letting will continue when Europe comes online.

Still, it is important to remember that the US and North Korea have engaged in nothing more substantive than volleying hyperbolic rhetoric at each other, at least for now. The US President’s penchant for about-face policy reversals suggests that cooler heads may yet prevail. A headline hinting as much may emerge without notice, meaning the risk of a sudden upsurge in risky assets is not to be treated lightly.

Need help fine-turning your FX trading strategy? Check out our guides!

Asia Session

US Dollar Eyes CPI But Geopolitics May Trump Data Impact

European Session

US Dollar Eyes CPI But Geopolitics May Trump Data Impact

** 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