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
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
Mixed
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
More View more
Real Time News
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here: https://t.co/lIJdiz4xSz https://t.co/ECE5WvwjSc
  • Bitcoin price reached its highest level seen since Jan 2018, at US$ 13,722. #BTC https://t.co/ewYVfqP6A5
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/1G7CRsegRX https://t.co/DJzSCov1ls
  • Wall Street Futures Update: Dow Jones (-0.62%) S&P 500 (-0.58%) Nasdaq 100 (-0.43%) [delayed] -BBG
  • #gold prices appear to bias towards the upside in the medium-term outlook as the Fed balance sheet hits a record high at US$ 7.17 trillion in October. https://t.co/VeWtshH2Do
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.63%, while traders in NZD/USD are at opposite extremes with 71.38%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/K1WCvXfvHP
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/LjEjTexrCg https://t.co/mScAj3cYuw
  • Bitcoin ($BTCUSD) is close to taking out the June 26, 2019 swing high to put us to highs not seen since January 2018. The next technical line in the sand is 13,880 https://t.co/5wLI95NvVp
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.21% 🇯🇵JPY: 0.13% 🇨🇦CAD: -0.03% 🇬🇧GBP: -0.06% 🇳🇿NZD: -0.08% 🇪🇺EUR: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HvNnGTl1K1
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: -0.58% Wall Street: -0.60% FTSE 100: -0.61% Germany 30: -1.34% France 40: -1.51% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Gkj2BzNMfm
US Dollar May Gain Vs. Euro After ECB Publishes Economic Bulletin

US Dollar May Gain Vs. Euro After ECB Publishes Economic Bulletin

2019-08-08 06:30:00
Dimitri Zabelin, Analyst
Share:

ECB BULLETIN, US DOLLAR – TALKING POINTS

  • ECB Economic Bulletin publication may spook markets
  • US Dollar may subsequently capitalize on risk aversion
  • Specter of trade wars and slow growth haunting Europe

Learn how to use political-risk analysis in your trading strategy!

The US Dollar may extend gains against the Euro if the ECB’s publication of its Economic Bulletin spooks markets and sends investors running into the open arms of the highly-liquid US Dollar. Using the words of ECB President Mario Draghi, the growth outlook for Europe continues to get “worse and worse”. The Bloomberg Economics Euro Area Uncertainty Gauge is at its highest point since the Eurozone debt crisis.

Here is an excerpt from the June 6 release:

Despite the somewhat better than expected data for the first quarter, the most recent information indicates that global headwinds continue to weigh on the euro area outlook. The prolonged presence of uncertainties, related to geopolitical factors, the rising threat of protectionism and vulnerabilities in emerging markets, is leaving its mark on economic sentiment.

Furthermore, inflationary prospects continue to look dim as the Euro 5Y5Y Euro inflation forward swap continues to hover at alarmingly low levels. An escalation in the US-China trade war is expected with Beijing likely readying to utilize various weapons in its economic arsenal that could throw markets into turmoil. Amid this uncertainty, the US Dollar would likely catch a haven bid at the expense of the Euro and anti-risk assets.

Increasing fears of a no-deal Brexit and a possible resumption of political risk out of Italy – again – may pressure the Euro. Furthermore, Iran-EU tensions are escalating and threatens to widen the rift between Brussels and Washington. Officials in Tehran warned European officials that unless they are able to mitigate the impact of US sanctions, Iran will further reduce its compliance with the 2015 nuclear agreement.

Want to learn how to trade geopolitical risk? Be sure to follow me on Twitter @ZabelinDimitri.

CHART OF THE DAY: EUROZONE UNCERTAINTY GUAGE COULD CLIMB HIGHER IF DOWNSIDE RISKS GROW

Chart Showing ECB Uncertainty

FX TRADING RESOURCES

--- Written by Dimitri Zabelin, Jr Currency Analyst for DailyFX.com

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

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

DISCLOSURES