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
Mixed
Wall Street
Mixed
Gold
Mixed
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
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
More View more
Real Time News
  • $USD $DXY | "US Dollar Ripe for Volatility as Stocks Swing Amid Earnings" -via @DailyFX The Greenback caught a bid as the anti-risk currency perked up alongside the VIX 'fear-gauge' after a nasty intraday reversal staged by the S&P 500. Full Analysis- https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/07/13/us-dollar-ripe-for-volatility-as-stocks-swing-amid-earnings.html https://t.co/NbD1QLN3qk
  • The US Dollar weakened against #ASEAN currencies like the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah, and Philippine Peso. Ahead, Chinese GDP and US retail sales are eyed. Get your market update from @ddubrovskyFX here: https://t.co/fy366LmjDK https://t.co/5zlbWKGSHG
  • $USDJPY Daily Pivot Points: S3: 106.06 S2: 106.47 S1: 106.69 R1: 107.1 R2: 107.27 R3: 107.68 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • #Dollar vs Mexican #Peso Price Outlook: $USDMXN Breakout Brewing - https://t.co/UpZgUYj51r https://t.co/p6Xs8ob6Yo
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.38% 🇨🇭CHF: -0.06% 🇨🇦CAD: -0.09% 🇯🇵JPY: -0.34% 🇳🇿NZD: -0.48% 🇬🇧GBP: -0.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/kJifCyjzCk
  • In case you missed it, here is my webinar outlining geopolitical risks impacting markets in the week ahead⬇️ https://t.co/pkDAt1UyQS Themes + Assets: - 🇭🇰Hong Kong (#HSI) - 🇺🇸🇨🇳US-China Trade Tension (#AUD) - 🛢️OPEC+ Meeting (#OIL) - 🇪🇺EU Division Over Aid Package (#EUR)
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 1.71% Gold: 0.25% Oil - US Crude: -1.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/395bwbI9dy
  • As U.S. equity markets stutter against overhead resistance, #gold prices break above $1,800 as treasury yields deflate. Get your market update from @FxWestwater here: https://t.co/g4W9xdEXZn https://t.co/E2pML4qVuh
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.72%, while traders in US 500 are at opposite extremes with 77.03%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ImfSdPkZiP
  • Stocks recorded a gnarly intraday reversal to the downside after failing to take out aforementioned resistance. Eyeing the 3,120-price zone for possible support, which is highlighted by last week's low and 61.8% Fib of the prior month's trading range. https://t.co/5XcFSooO28
EUR/USD Extends Losses Breaking a Key Trendline Support, US Data Mixed

EUR/USD Extends Losses Breaking a Key Trendline Support, US Data Mixed

2014-07-22 15:06:00
David Maycotte,
Share:

Talking Points

The US Dollar is broadly stronger this morning against its major peers in what is otherwise a quiet US trading session. The strength in the greenback may be due to firming Fed bets, and interest rate speculation, but all else equal, there does not seem to be a strong catalyst explaining the strength in the US Dollar.

This morning the US economic calendar was complete with several data figures, but it was June’s US CPI data that headlined economic risk. The benchmark year-on-year inflation rate registered at 2.1 percent, unchanged from prior month. The core rate (excludes Food and Energy) missed analysts’ expectations of 2.0 percent, and reported at 1.9 percent. With this in mind, there is not much inspiration for speculation that the time gap between October’s end of Fed QE and the first subsequent interest rate hike will be shorter than expected.

Later in the day the US House Price index reported at 0.4 percent, beating analysts’ expectations calling for a print of 0.2 percent. The outcome marks the highest level in two-months, and may fuel investor optimism that the US economy is recovering as the housing market is doing well.

See: Complete US Economic Docket for July 22, 2014

The mixed US Data this morning was unable to inspire relief in the Euro. The single-currency bloc has been under pressure since market open on this week, and has been losing ground since ECB Draghi verbally intervened on May 8th, 2014. DailyFX Analyst Christopher Vecchio notes that it is important to be highly selective with USD-pair exposure. He says that EURUSD may be an interesting pair to express USD strength, particularly as it is breaking its July 2012-July 2013 uptrend.

See: Managing USD Expectations for EUR/USD, USD/CAD (but not USD/JPY)

See: Price and Time: Key Test for the Euro

EUR/USD Extends Losses Breaking a Key Trendline Support, US Data Mixed

EUR/USD 5-Minute Chart using FXCM Marketscope 2.0

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to instructor@dailyfx.com.

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

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

DISCLOSURES

News & Analysis at your fingertips.