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
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
Mixed
Wall Street
Bullish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.60% 🇨🇭CHF: 0.49% 🇪🇺EUR: 0.48% 🇦🇺AUD: 0.30% 🇨🇦CAD: 0.16% 🇯🇵JPY: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/L2vBDPB0WB
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: US 500: 0.23% Wall Street: 0.16% Germany 30: 0.03% FTSE 100: -0.16% France 40: -0.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/ctRsCaxSOy
  • #Bitcoin is now down over 10% today as the cryptocurrency sells off. It is currently trading around $31,500, its lowest level since the selloff on January 11th. $BTC https://t.co/hUjQ0QXE4F
  • The DAX hasn’t done a whole lot in recent sessions, with it generally holding onto the surge off the October low into the end of the year. Get your #DAX market update from @PaulRobinsonFX here:https://t.co/BWmyKlakke https://t.co/ZLERTZG6ER
  • $USDCAD pushed to fresh lows around 1.2610 today, hitting its lowest level since the spring of 2018. $USD $CAD https://t.co/3QUssEABVU
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Silver: -0.14% Gold: -0.35% Oil - US Crude: -0.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Tg6bH3xQw1
  • 💶 Consumer Confidence Flash (JAN) Actual: -15.5 Expected: -15 Previous: -13.8 https://www.dailyfx.com/economic-calendar#2021-01-21
  • Join us for a special #webinar at 11:00 AM EST/16:00 GMT where you can learn how to identify price trends with trader sentiment. Register here: https://t.co/MqVMi2INbJ https://t.co/IyPYLVzQEb
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 71.54%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/RCA1oyMCcL
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: -0.38% Gold: -0.44% Oil - US Crude: -0.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/OAvmToO5ys
Dollar Lifted as August U. of Michigan Confidence Index Revised Higher

Dollar Lifted as August U. of Michigan Confidence Index Revised Higher

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- US consumers better off than previously estimated.

-Confidence below July level, in line with rising interest rates.

- EURUSD BEARISH

The US Dollar has seen a kick higher this morning amid signs that US consumers are weathering the recent patch of softer economic activity. The final U. of Michigan Consumer Confidence survey for the month of August ticked slightly higher to 82.1, but remained the previous month (and yearly high) of 85.1.

Here are the figures driving US Dollar price action:

- U. of Michigan Confidence (AUG F): 82.1 versus 80.5 expected (initial 80.0), prior 85.1.

From earlier today, these data proved to be a bit of a drag on the US Dollar as US Treasury yields slipped:

- Personal Income (JUL): +0.1% versus +0.2% expected, from +0.3% (m/m)

- Personal Spending (JUL): +0.1% versus +0.3% expected, from +0.6% (revised lower from +0.5%) (m/m)

- PCE Core (JUL): +1.2% versus +1.3% expected, from +1.2% (y/y)

Read more: Euro Lacks Direction amid Improved Labor Data; GBP Best in August

EURUSD 1-minute Chart: August 30, 2013

Dollar_Lifted_as_August_U._of_Michigan_Confidence_Index_Revised_Higher_body_Picture_1.png, Dollar Lifted as August U. of Michigan Confidence Index Revised Higher

Charts Created using Marketscopeprepared by Christopher Vecchio

Nevertheless, despite mixed/softer secondary US Data earlier in the day, the US Dollar now finds itself sitting at or near session highs against most of its major counterparts as forex traders rebalanced their books at the end of the month.

The EURUSD slipped from near $1.3220 ahead of the release to as low as 1.3202. At the time this report was written, the EURUSD was trading at 1.3205.

--- 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