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.

Free Trading Guides
EUR/USD
Mixed
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
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
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • The #Euro broke chart resistance, threatening to challenge the bounds of its longer -term downtrend against the $USD. Bulls may find it premature to celebrate however. Get your market update from @IlyaSpivak here: https://t.co/VfR13llYbW https://t.co/LiWTvIygxc
  • The $USD appears to be stalling against the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah and Philippine Peso, but technical analysis may still favor USD strength. Get your market update from @ddubrovskyFX here:https://t.co/AZp98MoXKo https://t.co/jgZMUFVGJB
  • The Indian Rupee soared after the Reserve Bank of India surprised with a rate hold. $USDINR may climb as support reinstates the uptrend ahead of Indian CPI and global trade tensions. Get your market update from @ddubrovskyFX here:https://t.co/QEOabsDfMn https://t.co/rqn8Zjrvkv
  • #Gold closed lower after paring early-week gains post-NFP on Friday. But will price finally break support? These are levels that matter on the $XAUUSD weekly chart. Get your $gld technical analysis from @MBForex here: https://t.co/RILBGhLAQZ https://t.co/q5znMUlEQA
  • German Bund Yields Update: 2-Year: -0.639% 3-Year: -0.651% 5-Year: -0.548% 7-Year: -0.480% 10-Year: -0.290% 30-Year: 0.228%
  • The $AUD erased half of November’s down move in a mere two days but the dominant trend bias continues to favor weakness ahead. Get your market update from @IlyaSpivak here:https://t.co/ShYksfNXyS https://t.co/OVhyNgLRn5
  • We were almost there, but the $SPX fell short of a >1.0% daily change. That raises the tally to 39 consecutive trading days without a climb or fall of even a moderate measure https://t.co/ibt82dBGmh
  • En español: El oro tropieza y se precipita en caída libre. ¿Qué explica las pérdidas del metal dorado y la alta volatilidad en los mercados financieros? #XAUUSD #trading $gold https://t.co/Hdsd0z1qih https://t.co/WKnGaABVS8
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.35% 🇦🇺AUD: 0.17% 🇯🇵JPY: 0.14% 🇨🇭CHF: -0.30% 🇪🇺EUR: -0.38% 🇨🇦CAD: -0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/lrSRyCHLjw
  • Martin Guzman named as Argentina's new Minister of Economy $USDARS
Markets Cheer US Budget Deal Hopes But Headwinds Loom Ahead

Markets Cheer US Budget Deal Hopes But Headwinds Loom Ahead

2019-02-12 07:30:00
Ilya Spivak, Sr. Currency Strategist
Share:

TALKING POINTS – YEN, AUSSIE DOLLAR, US SHUTDOWN, EUROGROUP, CARNEY

  • Yen down, Aussie Dollar up on hopes US to avoid second government shutdown
  • European, US stock index futures hint market sentiment may strengthen further
  • Comments from Eurogroup meeting, BOE’s Carney might dampen risk appetite

The sentiment-geared Australian Dollar outperformed while the anti-risk Japanese Yen traded broadly lower as risk appetite firmed in Asia Pacific trade. Regional bourses appeared to be bolstered by hopeful headlines hinting that US policymakers may have reached a deal to avoid another government shutdown.

Bellwether European and US stock index futures are pointing higher, signaling more of the same is likely ahead. The upbeat tone may be upset if US President Donald Trump withholds support for the bipartisan effort however, snuffing it out much as he did when the government shuttered in late 2018.

Soundbites from a gathering of Eurozone finance ministers might be another spoiler. The gathering will almost certainly discuss the ominous slowdown in regional economic growth and the potential for political instability therein as member states struggle to stay within budgetary thresholds.

A speech from BOE Governor Mark Carney might have a similarly chilling effect. He will almost certainly sound the alarm on growth, trade wars and the growing threat of a “no-deal” Brexit. Fed Chair Jerome Powell is also due to speak, but a focus on rural US development might imply limited policy guidance.

What are we trading? See the DailyFX team’s top trade ideas for 2019 and find out!

ASIA PACIFIC TRADING SESSION

Asia Pacific Trade Economic Calendar

EUROPEAN TRADING SESSION

Markets Cheer US Budget Deal Hopes But Headwinds Loom Ahead

** 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

News & Analysis at your fingertips.