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
Bullish
Oil - US Crude
Mixed
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
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.42% 🇬🇧GBP: 0.36% 🇨🇭CHF: 0.24% 🇦🇺AUD: 0.20% 🇳🇿NZD: 0.09% 🇯🇵JPY: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Ibyq0gaddd
  • Silver posting a decent session, rising over 1% during trade $XAG $USD https://t.co/3bcmpF908p
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.90% Gold: 0.12% Oil - US Crude: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/1EMCChMyKN
  • Senate vote was 156 to 140
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 67.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9OZ88CUGm1
  • BHP Billiton Q2 copper output 428,100 tons vs Est. 385,000 tons
  • PM Conte survives confidence vote with 154 votes in favour, however, this is short of the absolute majority of 161 votes needed While little reaction in Euro, BTPs will give a signal of sentiment regarding Italian politics at tomorrow's open https://t.co/3CRMwH1GUu
  • The Canadian Dollar has struggled to recapture bullish momentum as FX markets continue to rebalance US Dollar positioning. Get your $USDCAD marketing update from @CVecchioFX here:https://t.co/gyUcAYZRSC https://t.co/DZVFybVVJd
  • 🇺🇸 Overall Net Capital Flows (NOV) Actual: $214.1B Previous: $-11.1B https://www.dailyfx.com/economic-calendar#2021-01-19
  • I do agree their weak EPS might be a knock on their ability to capitalize on the current situation. I suspect many investors will look right past that to highlight the change in net subscribers added which smashed expectations https://t.co/S9fzVqMn4g
Euro May Shrug Off GDP Data as US Dollar Gains on FOMC Minutes

Euro May Shrug Off GDP Data as US Dollar Gains on FOMC Minutes

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Euro may shrug off 2Q GDP revision with ECB QE taper in focus
  • UK jobless claims data may pass with little notice from the Pound
  • US Dollar may rise as FOMC minutes hint at third 2017 rate hike

A revised set of second-quarter Eurozone GDP figures headlines the economic calendar in European trading hours. The flash estimate showing a 0.6 percent quarterly gain is expected to be confirmed, as is the trend growth reading putting on-year pace of expansion at 2.1 percent.

News-flow out of the currency bloc has deteriorated relative to forecasts since the initial projection was published at the beginning of this month. This points to downgrade risk. Such a result may hurt the Euro but lasting follow-through seems unlikely amid hopes for on-coming tapering of ECB QE.

The British Pound may be similarly unimpressed by July’s UK jobless claims report. Prospects for BOE policy tightening have dimmed after yesterday’s disappointing CPI numbers, making these numbers something of a moot pointregardless of the outcome.

Minutes from July’s FOMC policy meeting will be in focus thereafter. The US Dollar may rise if the document suggests that the rate-setting committee stands by June’s projection for three rate hikes in 2017 – two of which have already materialized – despite a run of sluggish inflation figures recently.

Join our webinar and follow the FOMC Minutes release and its market impact LIVE!

Asia Session

Euro May Shrug Off GDP Data as US Dollar Gains on FOMC Minutes

European Session

Euro May Shrug Off GDP Data as US Dollar Gains on FOMC Minutes

** 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