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
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
Oil - US Crude
Mixed
Wall Street
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
Gold
Bearish
GBP/USD
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
USD/JPY
Bullish
More View more
Real Time News
  • AMC (6.75bln mkt cap) turned over 1.25 billion shares this past session for a 300% gain. Meanwhile Apple (2.4 tln mkt cap) only did 140 mln shares on an earnings day for a -0.8% loss
  • Will the US Dollar fall versus the Singapore Dollar, Taiwanese Dollar and Philippine Peso if a fiscal stimulus delay pressures Treasury yields? The Fed and earnings may keep risk appetite intact. Get your market update from @ddubrovskyFX here:https://t.co/Q7iRYGBcNo https://t.co/FxAL6FnUST
  • #Bitcoin starting to look extremely interesting as it carves out a Descending Triangle above $30,000 If support remains intact, a rebound back towards 33,500 looks on the cards A break of triangle resistance opening the door to a retest of the yearly high #BTC #BTCUSD https://t.co/0Su2gcNFag
  • All of this insanity is happening and we have only closed out Wednesday...
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:https://t.co/HuXPXu5PFU https://t.co/I7xklsoJbu
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Gold: -0.39% Oil - US Crude: -0.43% Silver: -0.73% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/IK2h1GkjM6
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: -0.11% 🇬🇧GBP: -0.17% 🇨🇦CAD: -0.17% 🇯🇵JPY: -0.23% 🇳🇿NZD: -0.27% 🇦🇺AUD: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Xi4keE2PJP
  • Asia-Pacific equities extended lower after a bloodbath day on Wall Street: - Hang Seng (-2.11%) - Nikkei 225 (-1.09%) - CSI 300 (-2.34%) - ASX 200 (-2.20%) - Nifty 50 (-1.91%)
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 66.81%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Q0oqIthe4P
  • Wall Street Futures Update: Dow Jones (-0.11%) S&P 500 (-0.35%) Nasdaq 100 (-0.46%) [delayed] -BBG
Euro, DAX May Fall Ahead of IMF World Outlook, Financial Stability Report

Euro, DAX May Fall Ahead of IMF World Outlook, Financial Stability Report

Dimitri Zabelin, Analyst

Euro Outlook, DAX Index, IMF Word Economic Outlook, IMF Global Financial Stability Report – Talking Points

  • Euro, DAX index could face selling pressure if IMF outlook spooks European markets
  • Coronavirus pandemic threatening to undermine regional financial, economic stability
  • DAX index has experienced a recovery but remains down over 20 percent year-to-date

Asia-Pacific Recap

US equity futures aimed higher along with Asia-Pacific stocks in what appeared to be a “risk-on” tilt in investors’ mood. This was also reflected in currency markets where the anti-risk US Dollar and Japanese Yen fell while their growth-oriented counterparts – the Australian and New Zealand Dollars – strengthened. This also followed better-than-expected Chinese trade data.

Euro, DAX May Fall on IMF WEO and GFSR

The Euro and DAX may fall if the International Monetary Fund’s (IMF) World Economic Outlook (WEO) and Global Financial Stability Report (GFSR) reports inspire a selloff in the already-battered currency and index. While Eurozone finance ministers were able to reach an agreement on stimulus, unresolved political rifts may soon haunt the region at a time when it faces a crisis worse than what it had endured in 2008.

Euro, DAX May Fall Ahead of IMF World Outlook, Financial Stability Report

Year-to-date, the Euro has fallen almost three percent and is trading at a multi-year low with the German DAX equity index down over 20 percent. The coronavirus pandemic has exposed underlying issues in the Eurozone both financially and economically that are now requiring unprecedented efforts on the part of governments and the European Central Bank (ECB) to address.

The IMF’s assessment – particularly as it relates to financial stability – could inspire a selloff in the Euro and growth-oriented assets in the region if the institution’s outlook undermines confidence in a smooth recovery. Concern about the cross-continental so-called leveraged loan market has stirred investors’ angst in recent months with policymakers warning of another possible regional debt crisis.

Follow me on Twitter @Zabelin.Dimitri for more updates

DAX FORECAST

The DAX has collapsed to multi-year lows following the virus-induced liquidation across global equity markets in March. The index has managed to clear both layers of former support-turned-resistance between 10381.510 and 10085.480 – gold-dotted lines – with eyes at the range above it. However, if the DAX fails to keep upside momentum robust, the pair may fall back and use 10085.480 as support and linger.

DAX – Daily Chart

Euro, DAX May Fall Ahead of IMF World Outlook, Financial Stability Report

DAX index chart created using TradingView

DAX TRADING RESOURCES

--- Written by Dimitri Zabelin, 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