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
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bearish
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
Bullish
More View more
Real Time News
  • Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here: https://t.co/qV3c7a4YR3 https://t.co/Dtdi2EWWhw
  • 🇳🇱 GDP Growth Rate YoY Final (Q1) Actual: -2.4% Expected: -2.8% Previous: -2.9% https://www.dailyfx.com/economic-calendar#2021-06-24
  • 🇳🇱 GDP Growth Rate QoQ Final (Q1) Actual: -0.8% Expected: -0.5% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-06-24
  • 🇳🇱 GDP Growth Rate YoY Final (Q1) Actual: -2.4% Expected: -2.8% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2021-06-24
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.87%, while traders in GBP/JPY are at opposite extremes with 74.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cnoTj8ADsn
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here: https://t.co/D8DXSAdpqC https://t.co/BiGHhuzgWG
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.05% 🇨🇦CAD: -0.01% 🇪🇺EUR: -0.02% 🇦🇺AUD: -0.03% 🇯🇵JPY: -0.04% 🇨🇭CHF: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/CYyKMkrYgv
  • Heads Up:🇳🇱 GDP Growth Rate QoQ Final (Q1) due at 04:30 GMT (15min) Expected: -0.5% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇳🇱 GDP Growth Rate YoY Final (Q1) due at 04:30 GMT (15min) Expected: -2.8% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2021-06-24
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.30% Wall Street: 0.29% US 500: 0.24% Germany 30: 0.19% FTSE 100: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/LMp3zbY0gj
Euro at Risk, Market Mood Hinges on Trump-Liu Metting Outcome

Euro at Risk, Market Mood Hinges on Trump-Liu Metting Outcome

Ilya Spivak, Head Strategist, APAC

TALKING POINTS – EURO, GDP, IFO, DRAGHI, TRUMP, LIU, US-CHINA TRADE WAR

  • Euro faces deluge of data risk, ECB President Draghi speech
  • US-China trade talks likely to drive overall market sentiment
  • Trump/Liu meeting may move Yen, Dollar, commodity FX

The Euro faces a difficult session in the final hours of the trading week. A revised set of German GDP figures comes first. Expectations envision confirmation of flash estimates showing growth stalledin the fourth quarter. A steady stream of disappointments on recent data outcomes makes a downward revision into negative territory appear quite plausible however.

Germany’s IFO survey of business confidence is up next. The precipitous drop started in mid-2018 is projected to continue, with the headline sentiment gauge falling to the lowest in over four years. Shortly thereafter, revised Eurozone CPI data is seen matching early projections putting the on-year inflation rate at 1.4 percent, the lowest since April.

Finally, ECB President Mario Draghi is due to speak at the University of Bologna. The remarks are to be made at a ceremony in Mr Draghi’s honor, so it is quite possible that they will not contain significant policy insights. In the event that they do however, the tenor of recent pronouncements form ECB officials broadly suggests a dovish bias is likely to prevail.

MARKET MOOD HINGES ON LIU, TRUMP MEETING OUTCOME

Later in the day, the spotlight will turn to a meeting between US President Donald Trump and Chinese Vice Premier Liu He. The latter is in Washington for the latest round of trade negotiations. The markets have been hoping for a breakthrough following reports that officials on both sides are working out six broad memorandums of understanding (MOUs) addressing all their friction points.

The clock is ticking. The March 1 deadline for this round of talks is just a week away. Mr Liu’s visit presents an opportunity to reassure markets by announcing an extension. Sentiment-geared commodity currencies may rise in such a scenario while the anti-risk Yen and US Dollar backpedal. The absence of clear signs of progress might trigger the precisely opposite result however.

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

Europe Trade 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