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EUR/USD
Mixed
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High
of clients are net long.
of clients are net short.
Long Short

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Bullish
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  • The US Dollar has fallen substantially this week as the Dollar Basket (DXY) skirts the edge of lower-lows as it forfeits the ground it captured in the March rally. Get your $USDCAD market update from @PeterHanksFX here: https://t.co/JW6ohifDeF https://t.co/twToadCrtr
  • The #Euro is attempting to break above range resistance capping upside progress for nearly two months. Momentum and sentiment studies warn it may fail. Get your $EURUSD market update from @IlyaSpivak here:https://t.co/4tpAAC1ZpV https://t.co/sCZskNhfJ4
  • RT @FxWestwater: ASX 200 & Nikkei 225 Forecast: US-China Tensions Threaten Gains - @DailyFX $NKY #ASX200 $AUDUSD https://t.co/AnpLRQPdS…
  • Update on #Cryptocurrencies #BITCOIN +3.41% #BITCOINCASH +2.15% #ETHEREUM +4.35% #RIPPLE +0.93% #LITECOIN 2.35%
  • Amid escalating China tension, Australian Dollar risk reversals indicate that the bullish bias recently enjoyed by AUD/USD could soon unwind and pressure spot prices back lower. Get your $AUDUSD technical analysis from @RichDvorakFX here: https://t.co/ZAHEwxNrEW https://t.co/gWt401EkQI
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.62% 🇬🇧GBP: 0.50% 🇨🇭CHF: 0.42% 🇦🇺AUD: 0.21% 🇯🇵JPY: 0.09% 🇨🇦CAD: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Gn0ub8TS6e
  • #Gold prices have continued to push higher as expectations have built for global Central Banks to remain very loose and passive with monetary policy for the foreseeable future. Get your $XAUUSD technical analysis from @JStanleyFX here: https://t.co/h5tF3kAZfd https://t.co/gVU4QoQjnv
  • White House says that Trump and Macron talked about COVID-19 and holding G7 meeting in person - BBG
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 0.77% Gold: 0.58% Oil - US Crude: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/0LgQROzxEj
  • Is there? Tough assertion to back up... https://t.co/I0TLitj21j
Weekly Trading Forecast: ECB, US GDP Top Action-Packed Calendar

Weekly Trading Forecast: ECB, US GDP Top Action-Packed Calendar

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First-quarter US GDP data and an ECB monetary policy announcement headline an action-packed set of top-tier event risk in the week ahead.

US Dollar Forecast: US Dollar Looks to GDP Data for Another Upward Push

The US Dollar is eyeing first-quarter GDP data with hopes for another upward push having mounted a spirited recovery amid swelling Fed rate hike speculation.

Euro Forecast: Euro May be Pressured with ECB Meeting in Focus

The Euro trade-weighted index remains up by over +9% year-over-year, a point of interest for the ECB when it meets this week. A small shift in language by the ECB could undermine the Euro as market participants remain net-long.

British Pound Forecast: The Trend Remains Your Long-Term Friend

Sterling traders have had a busy week with data prints and commentary from Bank of England Governor Mark Carney weighing on GBP.

Japanese Yen Forecast: Yen Weakness Remains as Japanese Inflation Settles: The BoJ is On Deck

After a spike in the early portion of the year inflation has started to settle in Japan, and with the BoJ on the calendar for next week, the door remains open for a continuation of Yen weakness.

Australian Dollar Forecast: Australian Dollar Faces Potential Local CPI and US GDP Miss

The Australian Dollar fundamental outlook is neutral as key local and US data might both underperform. Can risk trends take the spotlight in such a scenario?

Crude Oil Forecast: OPEC Approaches 'Mission Accomplished' Moment in Jeddah, WTI nears $70

Last week provided another feather in the cap for crude oil bulls with a combination of bullish comments from the IEA, tightening physical supplies from EIA, and OPEC’s progress.

Equities Forecast: S&P 500, DAX & FTSE - Outlook Shrouded in Uncertainty

Looking ahead to next week, we’ll be more focused on letting the market show its ‘true colors’ as the outlook is a bit hazy at the moment; ECB in the spotlight for the DAX

Gold Forecast: Breaking of Ranges is Unlikely To Be on the Cards for Gold

Gold prices slid amid rising expectations of 3 more rate hikes, pricing now at 44%, alongside easing geopolitical tensions. Looking ahead, US GDP and Trade Balance could instigate notable price action in the bullion.

Weekly Trading Forecast: ECB, US GDP Top Action-Packed Calendar

See what live coverage is scheduled to cover key event risk for the FX and capital markets on the DailyFX Webinar Calendar.

See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.

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

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