Never miss a story from Ilya Spivak

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Ilya Spivak

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.


  • US Dollar may rise as CPI data helps boost Fed rate hike outlook
  • Euro vulnerable amid lingering political turmoil in Italy, France
  • Italian PM Conte, EC’s Juncker meeting eyed before EU summit

A barebones offering on the European economic data front puts politics back into the spotlight, with all eyes on a meeting between Italian Prime Minister Giuseppe Conte and European Commission President Jean-Claude Juncker. They will try to iron out a lingering budget dispute before Thursday’s EU leaders’ summit.

Mr Conte is perhaps the most forthcoming of among the leaders of Rome’s recently installed anti-establishment government. If he is unable to at least begin to mend fences with regional authorities in Brussels at this sit-down, the Euro is likely to decline amid worries about punitive action ahead.

Progress has been made more difficult by recent turmoil in France. Protests against a tax hike have forced President Emmanuel Macron into a speedy retreat that might push his country’s deficit beyond EU-mandated limits. If this is approached leniently, Italian populists have said they will demand treatment in kind.

Later in the day, all eyes will turn to November’s US CPI report. The core inflation rate is expected to register broadly on-trend for the year at 2.2 percent. That might revive recently sagging rate hike bets as traders conclude a data-dependent Fed need not be dovish, boosting the US Dollar.

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


Asia Pacific Trading Session Economic Calendar


US Dollar May Rise on CPI, Euro Casts Worried Eye on Italy and France

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


--- Written by Ilya Spivak, Currency Strategist for

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