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
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
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
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
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
Bullish
More View more
Real Time News
  • Fragile risk sentiment has continued to benefit the US Dollar, which has taken the title of the preferred safe-haven from the likes of the Japanese Yen and Swiss Franc. Get your market update from @JMcQueenFX here: https://t.co/jAFn7qGcbd https://t.co/nWLD7cSQUO
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.89%, while traders in EUR/GBP are at opposite extremes with 66.41%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fWlXXvQUkT
  • 🇲🇽 Interest Rate Decision Actual: 4.5% Expected: 4.25% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-09-24
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.97% Wall Street: 0.92% France 40: 0.66% FTSE 100: 0.62% Germany 30: 0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/SmPAA5CRPL
  • RT @FinancialJuice: US JUDGE: THE US MUST DELAY TIKTOK DOWNLOAD BAN OR FILE LEGAL PAPERS BY FRI. 2:30 PM ET DEFENDING THE BAN. - COURT ORDE…
  • Fed's Barkin says markets appear to be more concerned about inflation being low, not high $SPX $XAUUSD
  • Heads Up:🇺🇸 Fed Williams Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-24
  • Heads Up:🇲🇽 Interest Rate Decision due at 18:00 GMT (15min) Expected: 4.25% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-09-24
  • Fed's Barkin says he views moderate inflation mostly delivered from market power and price transparency $SPX
  • The S&P 500 breakdown is testing the first major zone of support and we’re looking for a reaction. Get your S&P 500 technical analysis from @MBForex here:https://t.co/JrTNmQ5c7g https://t.co/7HSxMUZYWn
EUR/USD Lifted Above $1.3050 after Improved Euro-Zone PMI Figures

EUR/USD Lifted Above $1.3050 after Improved Euro-Zone PMI Figures

2013-07-01 08:35:00
Christopher Vecchio, CFA, Senior Strategist
Share:

THE TAKEAWAY: Euro-Zone PMI data for June improves on the whole, especially in the periphery; early signs that recession may be plateauing > EURUSD BULLISH

Several Euro-Zone data prints (individual countries and broader regional) were released between 03:30 EDT/07:30 GMT today, which collectively point towards a recession that may be slowing. Accordingly, with economic data turning better for the Euro-Zone and the struggling peripheral countries, the Euro has benefited marginally on the news. The important data fueling the rally:

- Spanish PMI Manufacturing (JUN): 50.0 versus 48.5 expected, from 48.1

- Italian PMI Manufacturing (JUN): 49.1 versus 47.8 expected, from 47.3

- French PMI Manufacturing (JUN F): 48.4 versus 48.3 expected unch

- German PMI Manufacturing (JUN F): 48.6 versus 48.7 expected unch

- Euro-Zone PMI Manufacturing (JUN F): 48.8 versus 48.7 expected unch

- Italian Unemployment Rate s.a. (MAY P): 12.2% versus 12.1% expected, from 12.0%

EURUSD 1-minute Chart: July 1, 2013

EURUSD_Lifted_Above_1.3050_after_Improved_Euro-Zone_PMI_Figures_body_x0000_i1027.png, EUR/USD Lifted Above $1.3050 after Improved Euro-Zone PMI Figures

Charts Created using Marketscopeprepared by Christopher Vecchio

Price action ahead of and directly after the releases (spanning from 03:45 EDT/07:45 GMT to 04:00 EDT/08:00 GMT) was indicative of demand for Euros, with the EURUSD rallying from $1.3018 to as high as 1.3052. However, at the time this report was written, amid downside pressure in the EURJPY, the EURUSD had fallen back to 1.3037.

There are several other key events on the European docket today; check FX Headlines: European Data Watch for July 1, 2013 for more details.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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

DISCLOSURES