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. See our updated Privacy Policy here.

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
Bearish
Wall Street
Bearish
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
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: US 500: 0.39% Wall Street: 0.06% Germany 30: -0.21% France 40: -0.23% FTSE 100: -1.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/LEp8Xu4W5K
  • Pullback has the 14000 level in focus as support. Support is important for short-term outlook. Get your $GBP market update from @PaulRobinsonFX here:https://t.co/rPEgnVP7lY https://t.co/2b11tg6ZDV
  • there's that 1.4000 level again $GBPUSD multiple resistance inflections on the way up. first support test at this spot since the breakout https://t.co/qpsq0NqMvN https://t.co/snZCBwNrby
  • $USD made it a quick trip up to fibo resistance looked at in yday's webinar ~90.82 https://t.co/gedHWHfyKN https://t.co/ICAUcMaHYT
  • This is a pair flying under the radar but registering an extreme. $CADJPY weekly has difference between spot and 50-week moving average at +9.5%. Momentum past three weeks not only aggressive, the move has pushed it to 50% of 2014-2020 and 38.2% Fib of historical range https://t.co/yQJ15UpOTG
  • 🇺🇸 Initial Jobless Claims (08/MAY) Actual: 473K Expected: 490K Previous: 566K https://www.dailyfx.com/economic-calendar#2021-05-13
  • 🇺🇸 Jobless Claims 4-week Average (MAY/08) Actual: 534K Previous: 655.75K https://www.dailyfx.com/economic-calendar#2021-05-13
  • 🇺🇸 Continuing Jobless Claims (01/MAY) Actual: 3655K Expected: 3655K Previous: 3651K https://www.dailyfx.com/economic-calendar#2021-05-13
  • 🇺🇸 PPI MoM (APR) Actual: 0.6% Expected: 0.3% Previous: 1% https://www.dailyfx.com/economic-calendar#2021-05-13
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.48%, while traders in GBP/JPY are at opposite extremes with 68.51%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ebZHqitIAd
Swiss Economy Set to Grow Even Faster According to KOF Indicator

Swiss Economy Set to Grow Even Faster According to KOF Indicator

Benjamin Spier, Technical Strategist

THE TAKEAWAY: KOF Swiss leading indicator reported higher for the sixth straight month -> Swiss bonds continue to approach negative yields -> USDCHF gains slightly on Spanish unemployment

The Swiss economy will grow at an even faster momentum according to the KOF leading indicator, which rose for sixth straight month in July, reaching the highest level since August 2011. The leading indicator was reported at 1.43, beating analysts’ expectations for 1.20 and higher than June’s revised 1.15 leading indicator.

The indicator measured improved construction activity, while the banking sector continued sideways, as the rest of the industries’ activities that are included in GDP measures grew in June. The KOF Swiss Economic Institute’s gauge is supposed to predict GDP activity 6 months into the future.

The Swiss economy has performed well in 2012, avoiding pressures from the Euro debt crisis, and has therefore become an ideal safe haven for investors. That is why Swiss 5-year bond yields turned negative at the end of May, and the 10-year benchmark bond yield continues to decline in the same direction.

The Swiss Franc did not gain following the release of the indicator, but actually traded lower as news of a record high 24.6% Spanish unemployment was also released. Yesterday, USDCHF corrected lower from 18-month highs on news of President Mario Draghi’s comments that the European Central Bank will do whatever necessary to preserve the Euro. A previous resistance line at .97700 could provide support.

Swiss_Economy_Set_to_Grow_Even_Faster_According_to_KOF_Indicator_body_usdchf.png, Swiss Economy Set to Grow Even Faster According to KOF Indicator

“Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.”

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

DISCLOSURES