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.



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
Oil - US Crude
Wall Street
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 71.30%. See the summary chart below and full details and charts on DailyFX:
  • Bank of Japan: -ETF and J-REIT purchases will be near 12 trillion yen and 180 billion yen, respectively -10-year JGB yield target will stay near zero through necessary purchases of JGBs - QQE w/yield curve control will continue with aim of 2% price stability target $USDJPY
  • Bank of Japan: - 10-Year JGB yield target remains at near 0% - BOJ will purchases ETFs and J-REITs to where outstanding amounts will rise near 6 trillion yen and near 90 billion yen, respectively $USDJPY
  • Heads Up:🇯🇵 BoJ Quarterly Outlook Report due at 03:00 GMT (15min)
  • Heads Up:🇯🇵 BoJ Interest Rate Decision due at 03:00 GMT (15min) Expected: -0.1% Previous: -0.1%
  • While the US Dollar has been holding its ground, its downside bias against the Singapore Dollar, New Taiwan Dollar Thai Baht and Indonesian Rupiah remains intact as it hovers at support. Get your market update from @ddubrovskyFX here:
  • Gold price appears to hit an immediate resistance at US$ 1,870 - where the 76.8% Fibonacci retracement intercepts with the 20-Day SMA line.
  • Wall Street Futures Update: Dow Jones (+0.05%) S&P 500 (+0.16%) Nasdaq 100 (+0.45%) [delayed] -BBG
  • The Hang Seng Index looks set to extend gains beyond the 30,000 mark, hitting a fresh 20-month high. Will it succeed?
  • The US Dollar may be finding a turning point against ASEAN currencies as smaller fiscal stimulus bets, soft earnings risk and Covid cases translate into some capital flight from equities. Get your #ASEAN currencies market update from @ddubrovskyFX here:
Euro Outlook: EUR/GBP, EUR/USD Eye ECB Rate Decision, Eurozone PMI

Euro Outlook: EUR/GBP, EUR/USD Eye ECB Rate Decision, Eurozone PMI

Dimitri Zabelin, Analyst

Euro Price Chart, EUR/GBP, EUR/USD, Brexit, ECB – Talking Points

  • Euro may fall on ECB outlook, Draghi commentary
  • Eurozone PMI report may magnify market volatility
  • US factory orders could amplify global growth fears

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

The Euro may fall against the US Dollar if the ECB rate decision, commentary and outlook on growth spook regional investors. EUR/USD’s decline could be amplified by the release of Eurozone PMI data, though its fall could also be tempered by a weaker US Dollar if local factory orders disappoint. Meanwhile, sporadic Brexit developments continue to haunt markets which could trigger market-wide volatility as the clock ticks.

ECB Rate Decision: Mario Draghi’s Parting Words

The October ECB meeting will carry particular significance because it will be the last press briefing Mario Draghi will hold as the central bank’s president. His successor, the former Director of the IMF Christine Lagarde, is expected to follow in his footsteps and continue to implement powerful easing. However, inflationary prospects in the Eurozone are showing a gloomy picture and a hefty challenge for Ms. Lagarde.

The Euro may therefore end the day in the red if shy hopes of an economic recovery are eclipsed by the shadow of trade wars and geopolitical uncertainty. The US and EU’s horns are still locked in an economic fight with the former having recently slapped multi-billion Dollar tariffs against the latter. Slower growth out of Germany and restrictive Eurozone fiscal rules – with interest rates in negative territory – leaves policymakers anxious.

EUR/USD Outlook

EUR/USD may briefly oscillate before ending the day lower if the downward pressure on the Euro from the ECB and Eurozone PMI data overwhelms the weight of underperforming US factory order reports on USD. The Greenback’s sharp decline for the past three weeks has helped push EUR/USD to break above downward-sloping resistance, though the pair’s ascendancy may soon lose steam and resume its previous downtrend.

EUR/GBP Forecast

With Brexit “in limbo” – to quote John Bercow – the British Pound may continue to hover until more clarity is given on the situation. Therefore, the pressure from the ECB and PMI data could push the pair lower as Sterling trades sideways. However, if major Brexit updates are announced, the volatility it could elicit from the Pound could overwhelm the Euro’s moves and send EUR/GBP in whatever direction Sterling chooses.

Market Analysis of the Day: Eurozone, German Manufacturing PMI Falling Alongside German Bund Yields

Eurozone PMI Data


--- 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.