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. See our updated Privacy Policy here.

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
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
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
More View more
Real Time News
  • The US Dollar has spiked up to a fresh September high this morning on the back of a really strong retail sales report out of the US. Get your market update from @JStanleyFX here:https://t.co/Ve6TuQrMSS https://t.co/qx8BjQdn2Z
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/09/16/US-Dollar-Price-Action-Setups-EUR-USD-EURUSD-GBP-USD-GBPUSD-AUD-USD-AUDUSD.html https://t.co/w262MKMg5c
  • Goldman Sachs upgrades Q3 GDP forecast to 4.5% from 3.5%
  • I will note that despite AMC announcing they would soon be accepting additional cryptocurrencies (including Litecoin) for purchases, $LTCUSD didn't even exhibit a fraction of its response to the fake Walmart news. Market learning its lesson or AMC seen as irrelevant? #Kodakmoment
  • While the S&P 500 is holding to a strict range above its 50-day SMA, volatility for the Dollar has picked up on retail sales. DailyFX's @JohnKicklighter discusses trade today and further out! https://t.co/ZGNx4sLdRP
  • Canadian #Dollar Outlook: $USDCAD Breakout Imminent- #Loonie Levels - https://t.co/VgefzkPC7c https://t.co/8yhm8dNOzq
  • S&P falling from resistance zone after another quick test at the 930 open could be one of those bearish engulf kind of days $SPX $SPY $ES https://t.co/CAekc1CbCQ https://t.co/RCqrQ9bGNN
  • The members of the FOMC, as well as all elected officials, should be forced to put their investments into a blind trust. “If men were angels…” as Madison said. https://t.co/2Pb8qNu20A
  • @JohnKicklighter ah, right you are. They were far too hurried in 12 to be enjoying a show.
  • $EURJPY testing support from a long-term trendline projection, helping to cauterize the low for today https://t.co/QwdDvyhNB6
Euro May Shrug Off ZEW Data as Yen Falls on Stocks Recovery

Euro May Shrug Off ZEW Data as Yen Falls on Stocks Recovery

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • US Dollar oscillating in familiar territory as Yellen speech looms
  • Euro may shrug off ZEW survey data as markets wait for Draghi
  • Japanese Yen may continue to decline amid risk appetite recovery

The US Dollar edged higher in a move that seemed corrective following the decline in the prior session. In broader terms, the greenback continues to occupy the same broad range that has confined price action over the past week against its major counterparts. Substantive follow-through may have to wait for a clearer lead on the direction of Fed policy, which investors will look for in a speech from Janet Yellen this week.

The Japanese Yen traded lower as most stocks rose across Asia Pacific bourses, tarnishing the appeal of the standby anti-risk currency. European FX majors also declined, with the British Pound bearing the brunt of selling pressure. That may reflect renewed Brexit-related jitters as the UK government prepares to publish its third position paper the future EU/UK relationship in two days, this time focusing on judicial matters.

The European economic data docket is relatively tame. The German ZEW survey of analysts’ sentiment take stop billing but the outcome seems unlikely to find follow-through from the Euro regardless of what comes across the wires as markets wait for a much-anticipated speech from ECB President Mario Draghi at the Fed conference in Jackson Hole, Wyoming on Friday.

The day’s offering of US releases is sparser still, which may put sentiment trends back into the spotlight. Futures tracking the benchmark S&P 500 stock index are pointing higher ahead of the opening bell on Wall Street, hinting at a risk-on mood that may most clearly speak to further Yen weakness. Political volatility in the US may yet change things however as President Trump holds a rally in Arizona.

Just getting started trading in the FX markets? Check out our beginner’s guide!

Asia Session

Euro May Shrug Off ZEW Data as Yen Falls on Stocks Recovery

European Session

Euro May Shrug Off ZEW Data as Yen Falls on Stocks Recovery

** 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