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
EUR/USD
Bullish
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
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
Wall Street
Bearish
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • US Treasury Yields: 2-Year: 0.147% 3-Year: 0.193% 5-Year: 0.349% 7-Year: 0.577% 10-Year: 0.814% 30-Year: 1.622% $TNX
  • The USD/MXN has broken below a key pivot zone but the follow-though looks a bit tired here. Get your $USDMXN market update from @MBForex here:https://t.co/mCa70wzCfz https://t.co/dyL8MlqXj7
  • RT @DailyFX: Can big tech post another miracle earnings season? Find out from @PeterHanksFX here: https://t.co/8RGba8tB8P https://t.co/tQZQ…
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 1.70% Gold: 0.95% Oil - US Crude: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/pdcpeF9zbc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.61%, while traders in EUR/USD are at opposite extremes with 73.13%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dqXvVj6gcX
  • Fed Beige Book: - Districts saw modest price increases since last report - Food, autos, and appliances increased significantly in price - Firms continue to take on additional costs related to Covid, including ppe and technology to work from home $SPX $NDX $DXY
  • Fed Beige Book: - Economic output continued to increase across all Fed Districts at a slight to moderate pace - Manufacturing activity increased at a moderate pace in general - Consumer spending growth continues to be positive $DXY
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.05% Germany 30: 0.05% France 40: -0.11% FTSE 100: -0.12% Wall Street: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/qRmsVvTyG6
  • Heads Up:🇺🇸 Fed Beige Book due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-10-21
  • Senate Democrats have the votes required to block GOP on aid bill $DXY $SPX
Euro Eyes June High Following Bullish Break- JPY Ranges Remain Favorable

Euro Eyes June High Following Bullish Break- JPY Ranges Remain Favorable

2014-06-25 15:45:00
David Song, Strategist
Share:

Talking Points:

- USDOLLAR to Resume Bearish Trend; Lower-Low on Tap?

- EUR/USD Breakout Eyes Former Support (1.3670-80) Ahead of ECB July Meeting

- USD/JPY Threatens Monthly Low (101.59) Ahead of Japan CPI Report

Index

Last

High

Low

Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index

10436.21

10456

10426.24

-0.13

87.96%

USDOLLAR(Ticker: USDollar):

  • Dow Jones-FXCM U.S. Dollar Index continues to carve string of lower-highs in June following the dismal 1Q GDP report.
  • Faces an increased risk for a lower-low as descending channel & bearish RSI momentum remain in play.
  • Ahead of the May (10,370) & October (10,354) lows, 10,406 (161.8%% Fibonacci expansion) remains in view.

EUR/USD:

  • Watching former support (1.3670-80) following bullish breakout.
  • Looking for close above 1.3620-30 (23.6% retracement) to favor topside objectives.
  • May need more details surrounding the European Central Bank’s (ECB) easing cycle at the July 3 meeting to look beyond the June range.

USD/JPY

  • Despite the decline, USD/JPY still holds above 200-Day SMA (101.60) & June low (101.59).
  • Need bearish RSI break to favor a further decline; next downside hurdle comes in around 101.40-50 (78.6% retracement).
  • Headline reading for Japanese inflation to expand 3.7% versus 3.4% in April; may encourage Bank of Japan (BoJ) to further scale back its dovish tone for monetary policy.

For more updates, sign up for David's e-mail distribution list.

Euro Eyes June High Following Bullish Break- JPY Ranges Remain Favorable

Join DailyFX on Demandfor Real-Time SSI Updates Across the Majors!

Read More:

Price & Time: Commodity Currencies Getting Fatigued?

ST Triangle in EUR/USD Ready to Break as USDOLLAR Flags Out of Wedge

USDOLLAR Daily

Euro Eyes June High Following Bullish Break- JPY Ranges Remain Favorable

Chart - Created Using FXCM Marketscope 2.0

  • Interim Resistance: 10,602 (38.2 retracement) to 10,615 (78.6 expansion)
  • Interim Support: 10,354 to 10,375 (50.0 retracement)

Release

GMT

Expected

Actual

Gross Domestic Product (Annualized) (1Q T)

12:30

-1.8%

2.9%

Personal Consumption (1Q T)

12:30

2.4%

1.0%

Gross Domestic Product Price Index (1Q T)

12:30

1.3%

1.3%

Core Personal Consumption Expenditure (QoQ) (1Q T)

12:30

1.2%

1.2%

Durable Goods Orders (MAY)

12:30

0.0%

-1.0%

Durables ex Transportation (MAY)

12:30

0.3%

-0.1%

Non-Defense Capital Goods Orders ex Aircrafts (MAY)

12:30

0.5%

0.7%

Non-Defense Capital Goods Shipments ex Aircrafts (MAY)

12:30

1.0%

0.4%

Markit Purchasing Manager Index Composite (JUN P)

13:45

--

61.1

Markit Purchasing Manager Index Services (JUN P)

13:45

58.0

61.2

Click Here for the DailyFX Calendar

--- Written by David Song, Currency Analyst

To contact David, e-mail dsong@dailyfx.com. Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

Trade Alongsidethe DailyFX Team on DailyFX on Demand

Looking to use the DailyFX Trade Signals LIVE? Check out Mirror Trader.

New to FX? Watch this Video

Join us to discuss the outlook for the major currencies on the DailyFXForums

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

DISCLOSURES