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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Breaking news

Federal Reserve Leaves Interest Rates Unchanged, Maintains Monthly Asset Purchases

Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.75%, while traders in France 40 are at opposite extremes with 69.77%. See the summary chart below and full details and charts on DailyFX:
  • $USD now at two week lows, cutting into secondary support zone 92.19-92.26 $DXY
  • Infrastructure week, for real this time
  • Facebook Earnings Summary: Revenues: $29.08 B vs $27.89 B est. EPS: $3.61 vs. $3.03 est. $FB down ~5% in AH session
  • Update - gold extending its rally to session highs as the US Dollar continues to slide following this comment from Powell. The Fed Chair also stuck to his transitory inflation script during the presser. Meanwhile, real yields just hit new all-time lows. $GLD $DXY $XAUUSD
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.00% US 500: -0.02% France 40: -0.09% FTSE 100: -0.13% Germany 30: -0.15% View the performance of all markets via
  • @DailyFX
  • Gold price action tumbles lower as the US Dollar strengthens broadly following the Fed. Get your $XAUUSD market update from @RichDvorakFX here:
  • Fed's Powell: - No sense of panic in regard to inflation - I do not believe wage increases are causing price inflation
  • Fed's Powell: - High inflation prints not "what we were looking for" - Spike in inflation driven solely by supply side shock
Euro May Fall on ECB Minutes, Jackson Hole and Eurozone PMIs

Euro May Fall on ECB Minutes, Jackson Hole and Eurozone PMIs

Dimitri Zabelin, Analyst

US Dollar, Euro, Jackson Hole, Eurozone PMIs – TALKING POINTS

  • Euro may fall vs. US Dollar if ECB minutes evoke ultra-dovish expectations
  • Eurozone PMIs may exacerbate regional growth fears and undermine Euro
  • Official commentary on growth outlook at Jackson Hole may spook markets

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

The Euro may suffer against the US Dollar if the release of the ECB minutes reveal stronger-than-expected dovish inclinations against the backdrop of Eurozone PMI publications. Regional growth concerns have been mounting as Germany – Europe’s largest economy – is expected to show a contraction in Q2. Comments from officials at the Jackson Hole symposium may also stoke growth fears and boost the anti-risk USD vs the Euro.

Jackson Hole Symposium

Markets will be closely watching the Jackson Hole symposium for comments from officials regarding the growth outlook. The release of the FOMC meeting minutes revealed that trade war concerns remain a “persistent headwind” and low inflation remain key obstacles along with corporate debt and leveraged lending. The latter has begun to sound the alarm as the collateralized loan obligation market stirs familiar fears.

European Growth Concerns, Political Instability

If comments from the Jackson Hole symposium carry overwhelming undertones of uncertainty, the Euro may fall against its US Dollar counterparts. EURUSD’s decline may be amplified if Eurozone PMI data reinforces the fear that the Eurozone is significantly decelerating in its growth prospects. As it stands, Germany is planning on implementing stimulative policies as a contingency for a crisis ahead.

Europe is also dealing with chronic political upset in both the mainland and overseas. The latter is referring to the ongoing Brexit negotiations that remain unclear despite the October 31 deadline approaching. Italian political volatility and another possible budget dispute in the same month may magnify market volatility. During times of economic uncertainty, the capacity for political shocks to disrupt markets is notably increased.

CHART OF THE DAY: Weak European Manufacturing PMI May Spill Over into Services Soon

Chart showing Eurozone PMI


--- Written by Dimitri Zabelin, Jr Currency Analyst for

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.