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
Subscribe
Please try again
EUR/USD
Bullish
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
Mixed
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
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
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here: https://t.co/BnA07cMV0s https://t.co/Wuzmi2C95V
  • Stocks on Wall Street retreated from record highs while Treasury yields climbed following smooth bond auctions. The Hang Seng and ASX 200 indexes are poised to gain slightly ahead of Chinese trade data. https://www.dailyfx.com/forex/market_alert/2021/04/13/SP-500-Pauses-Record-Rally-Hang-Seng-and-ASX-200-Drift-Higher.html https://t.co/elDSHDBIgJ
  • Wall Street Futures Update: Dow Jones (+0.03%) S&P 500 (+0.01%) Nasdaq 100 (-0.01%) [delayed] -BBG
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/ns6TUdfkEA
  • Semiconductor shortage labeled as a top and immediate priority for President Biden - The White House
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/eWXK8yCaI0
  • 8 out of 11 S&P 500 sectors ended higher, with 62.6% of the index’s constituents closing in the green. Consumer discretionary (+0.56%), real estate (+0.55%) and consumer staples (+0.45%) were among the best performers, while energy (-0.94%) trailed behind. https://t.co/6ld01hQLRm
  • 🇳🇿 Electronic Retail Card Spending YoY (MAR) Actual: 5.1% Previous: -5.3% https://www.dailyfx.com/economic-calendar#2021-04-12
  • 🇳🇿 Electronic Retail Card Spending MoM (MAR) Actual: 0.9% Previous: -2.5% https://www.dailyfx.com/economic-calendar#2021-04-12
  • Heads Up:🇳🇿 Electronic Retail Card Spending YoY (MAR) due at 22:45 GMT (15min) Previous: -5.3% https://www.dailyfx.com/economic-calendar#2021-04-12
Euro Forecast: ECB Minutes May Catalyze EUR/USD Capitulation

Euro Forecast: ECB Minutes May Catalyze EUR/USD Capitulation

Dimitri Zabelin, Analyst

EUR/USD, Euro, ECB – TALKING POINTS

  • ECB minutes may catalyze selloff in the Euro
  • EUR/USD may fail to break above resistance
  • Capitulation may precede aggressive decline

Learn how to use politicalrisk analysis in your trading strategy!

ASIA-Pacific Recap: Trade Woes Bruise Australian Dollar, Asian Equities

The Japanese Yen rose at the expense of the sentiment-linked Australian and New Zealand Dollars along with equity futures as US-China trade talks continue to break down. The congressional approval of the Hong Kong bill has strained diplomatic relations between Beijing and Washington as both sides attempt to ratify “phase 1” in their trade accord. Read more about the bill here.

AUD/JPY, NZD/USD, Nikkei 225 Futures, S&P 500 Futures

Chart showing AUD/JPY

AUD/JPY chart created using TradingView

How Will ECB Minutes Impact the Euro?

The Euro may undergo selling pressure if the minutes from the European Central Bank ‘s (ECB) October meeting carries overtly dovish undertones and prompts a selloff. As it so happens, EUR/USD has been sitting on the edge of key resistance at 1.1073 for three days. A lack of meaningful upside movement combined with the prospect of a Euro selloff may cause EUR/USD to capitulate and retest familiar support at 1.0989.

EUR/USD – Daily Chart

Chart showing EUR/USD

EUR/USD chart created using TradingView

While overnight index swaps are currently pricing in a less-than-even chance of a rate cut going all the way out to October 2020, chronic underperformance in economic data and tepid inflation over time may boost easing expectations. On a monthly timeframe, the 5Y5Y Euro inflation swap is still hovering at 1.2220, only slightly above the all-time low reading at 1.1688.

Chart showing EUR/USD

European policymakers not only have to worry about regional tribulations ranging from slower global growth to asymmetrical political shocks but also exogenous factors. The most notable is the US-China trade war which has been a leading factor behind global disinflationary pressure and the world-wide industrial contraction. These forces, combined with domestic struggles, may inflame ECB rate cut expectations.

The ECB’s financial stability report was recently released and highlighted a prolonged period of subdued growth alongside rising concerns about debt sustainability. Investors’ risk appetite – or lack thereof – can be most clearly seen by the volume of capital flowing into regional equities vs bonds, with the latter commanding a higher figure. In fact, the demand for safer assets is so high that investors are buying negative-yielding debt.

Looking ahead, Euro traders will continue to closely monitor the fundamental landscape in Europe against the backdrop of Brexit and the US-China trade war. ECB Executive Board Member Phillip Lane spoke yesterday and assured markets that policymakers do not see a recession in the Eurozone. However, price action suggests otherwise and in fact shows investors are losing confidence in the region’s economic growth trajectory.

EURO 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