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
Bearish
Oil - US Crude
Bullish
Wall Street
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
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
Bullish
USD/JPY
Bearish
More View more
Breaking news

Pfizer cut 2020 vaccine rollout by a half to 50million

Euro May Rise as Markets Digest Italy-Linked Volatility

Euro May Rise as Markets Digest Italy-Linked Volatility

2018-05-30 06:40:00
Ilya Spivak, Head Strategist, APAC
Share:

TALKING POINTS – EURO, ITALY, CPI, ECB, US DOLLAR, GDP, FED, S&P 500

  • Euro likely to ignore German CPI, may rise as Italy-linked moves retrace
  • US Q1 GDP update, Fed Beige Book unlikely to drive US Dollar volatility
  • NZ Dollar gains, Swiss Franc retreats as markets digest in APAC session

German CPI data headlines the economic calendar in European trading hours. The headline year-on-year inflation rate is expected to tick up to 1.9 percent, the highest in 13 months. A strong print might have inspired Euro gains but that seems unlikely this time around. Indeed, with another Italian election due in the coming months, even firmer inflationary pressure is probably insufficient to inspire near-term ECB tightening.

Later in the day, an updated set of first-quarter US GDP figures and the Fed Beige Book survey of regional economic conditions seem unlikely to trigger a substantive re-evaluation of the monetary policy outlook. That is likely to keep sentiment trends in focus. A pickup in S&P 500 futures hints that might translate into broad-based retracement of recent risk-off moves, at least until fresh fodder emerges.

Most G10 FX majors were in consolidation mode in Asia Pacific trade after the prior session’s breakneck volatility. The Swiss Franc retraced lower after surging to a three-month high as worries about political instability in Italy ravaged financial markets and brandished the currency’s appeal as a regional safe haven. The New Zealand Dollar edged up a bit after yesterday’s sentiment-linked losses.

See our free guide to learn how to use economic news in your trading strategy!

ASIA PACIFIC TRADING SESSION

Asia Pacific Trading Session Economic Calendar

EUROPEAN TRADING SESSION

European Trading Session Economic Calendar

** All times listed in GMT. See the full economic calendar here.

FX TRADING RESOURCES

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES