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
EUR/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
Oil - US Crude
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
Wall Street
Mixed
Gold
Bearish
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
USD/JPY
Mixed
More View more
Real Time News
  • 🇳🇿 Electronic Retail Card Spending MoM (JUL) Actual: 1.1% Expected: 13.8% Previous: 16.3% https://www.dailyfx.com/economic-calendar#2020-08-10
  • 🇳🇿 Electronic Retail Card Spending YoY (JUL) Actual: 11.4% Previous: 8% https://www.dailyfx.com/economic-calendar#2020-08-10
  • Regarding these headlines in top Google business news today and seemingly everyday: why is it always 'This One Indicator' when they say a market is about to revive a strong trend or at the cusp of a reversal. Nuance is lost on us nowadays
  • Trump press briefing: - I don't know if I want to make a deal with China - BBG
  • The US Dollar is testing key support levels against the Singapore Dollar, Malaysian Ringgit, Philippine Peso and Indonesian Rupiah following persistent losses. Get your #ASEAN currencies market update from @ddubrovskyFX here: https://t.co/qqYDELqydd https://t.co/BVqdV6DddV
  • Heads Up:🇳🇿 Electronic Retail Card Spending MoM (JUL) due at 22:45 GMT (15min) Expected: 13.8% Previous: 16.3% https://www.dailyfx.com/economic-calendar#2020-08-10
  • Heads Up:🇳🇿 Electronic Retail Card Spending YoY (JUL) due at 22:45 GMT (15min) Previous: 8% https://www.dailyfx.com/economic-calendar#2020-08-10
  • Market snapshot: US equity futures pointing lower after Trump was rushed out of the White House briefing room following a shooting.
  • Reports that there was a shooting outside of the White House that abruptly ended the President's briefing. He has since returned to the press room
  • USD/MXN is in a near-term consolidation just below multi-month slope resistance – the immediate focus is on a break of the monthly opening-range for guidance. Get your $USDMXN technical analysis from @MBForex here:https://t.co/6BVM2hikEM https://t.co/M86eSD3bcB
Pound May Shrug as US Dollar Gains on CPI Data, Euro at Risk

Pound May Shrug as US Dollar Gains on CPI Data, Euro at Risk

2019-02-13 07:30:00
Ilya Spivak, Head Strategist, APAC
Share:

TALKING POINTS – CPI, POUND, US DOLLAR, EURO, SPAIN, BOND AUCTION

  • UK inflation data unlikely to see strong response from British Pound
  • US Dollar might be sent higher as CPI data brightens Fed policy bets
  • Euro may fall on Spain budget vote, soft IP data and bond sale results

UK CPI data headlines the economic calendar in European trading hours. The headline inflation rate is expected to tick down to 1.9 percent on-year, the lowest level since January 2017. A soft result’s impact on the British Pound may be relatively limited however considering near-term BOE rate hike chances already appear negligible ahead of the March 29 Brexit deadline.

US DOLLAR MAY RISE IF CPI DATA TOPS FORECASTS

Analogous US CPI figures enters the spotlight later in the day. Here, the on-year price growth rate is seen cooling from 1.9 to 1.5 percent, marking the weakest reading since September 2016. US news-flow has palpably improved relative to forecasts recently, opening the door for an upside surprise. Leading PMI survey data bolsters the case for such an outcome.

An upbeat result might encourage priced-in Fed policy expectations to shift to a less-dovish setting. In fact, that process is already underway. Traders still lean against a rate hike in 2019 but the outlook now implied in Fed Funds futures puts the probability of one at the highest in a week. A higher CPI print may help this process along, boosting the US Dollar along the way.

EURO AT RISK ON INDUSTRIAL PRODUCTION DATA, BOND AUCTIONS, SPAIN

The Euro may succumb to renewed selling pressure following yesterday’s spirited recovery. Spain might trigger a snap election if the minority government of Prime Minister Pedro Sanchez comes up short in a budget vote due today. Meanwhile, soft Eurozone industrial production data and the results of bond auctions in Italy and Germany may sour investors’ appetite for EUR-denominated assets.

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

Pound May Shrug as US Dollar Gains on CPI Data, Euro at Risk

** 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.

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.