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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
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
Wall Street
More View more
Real Time News
  • The US Dollar is pressured as rising coronavirus cases fail to dent 2021 GDP bets. Could the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit rise? Find out from @ddubrovskyFX here:https://t.co/u1qhaIGGoC https://t.co/JVz5hswMHp
  • Gold Price Outlook: XAU/USD Pullback in Play – Charts to Watch https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2020/07/11/gold-price-outlook-xau-usd-pullback-in-play-charts-to-watch.html
  • Coronavirus continues to spread rapidly in the US and Latin America causing risk sentiment to falter despite ongoing economic recovery. Get your #currencies update from @HathornSabin here: https://t.co/RCQR6z77qY https://t.co/E2jzemH6bQ
  • The ASX 200 and AUD/JPY are at risk of losses as cases of Covid-19 continue to climb in Victoria, Australia’s second-most populous state. Get your #ASX market update from @DanielGMoss here: https://t.co/O0LNvhgsQo https://t.co/Xq2lDE6s1T
  • Risk performance disparity is front and center while systemic issues meet key event risk. My trading video for the week ahead; '#Dow, $EURUSD, $GBPUSD Breakout Levels and Events Next Week' https://www.dailyfx.com/forex/video/daily_news_report/2020/07/11/Dow-EURUSD-GBPUSD-Breakout-Levels-and-Events-Next-Week.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/1Fp5OxRbiS
  • This week, EUR/USD rallied to a multi-week high. Will bulls keep leading the price next week? Get your #currencies update from @malkudsi here: https://t.co/zUozw703uC https://t.co/LIEcx52Xh0
  • The New Zealand Dollar is aiming higher, with NZD/USD eyeing fresh yearly highs while AUD/NZD may be carving out a bearish Head and Shoulders chart pattern. Get your $NZDUSD market update from @DanielGMoss here:https://t.co/osFxXvq5xF https://t.co/Uk2RhkEyQO
  • A plethora of UK data, however, external factors remain the key driver as GBP/USD edges towards 200DMA. Get your #currencies update from @JMcQueenFX here: https://t.co/bWJGyiUSpQ https://t.co/qAg8NrAZor
  • The Japanese #Yen may rise if a growing number of coronavirus cases around the world puts a premium on anti-risk assets. JPY’s gains may be amplified if corporate earnings fail to impress investors. Get your #currencies update from @ZabelinDimitri here: https://t.co/yP4revKq6J https://t.co/7smgRKspLU
  • The US Dollar index (DXY) may face range bound conditions over the coming days amid the failed attempt to test the June low (95.75). Get your #currencies update from @DavidJSong here: https://t.co/GsBcE6Z4G6 https://t.co/HIJ4vvcBIg
EUR/USD Hits A Session High After Eurozone PMI Surpises

EUR/USD Hits A Session High After Eurozone PMI Surpises

2014-07-24 08:38:00
Edward Hyon,

Talking Point:

  • Eurozone Manufacturing PMI (Jul P): 51.9 Actual Vs 51.7 Estimated; 51.8 prior.
  • German Manufacturing PMI (July P):52.9 Actual Vs 51.9 Estimated; 52.0 prior.
  • EUR/USD Remains Firmly Below 1.3500 Level despite Positive Eurozone PMI.

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

The preliminary Eurozone Manufacturing PMI came in at 51.9 for the month of July versus 51.8 print in the prior month. This reading was slightly above market expectations of 51.7 and showed an expansion for 13 consecutive months. A continued acceleration for the Eurozone’s manufacturing sector was again supported by Germany, the region’s powerhouse. Its manufacturing PMI registered at 52.9, which exceeded analysts’ forecast of 51.9. The PMIs are regarded as a reliable forward-looking indicators of the health of an economy. Importantly, both the manufacturing PMI reported held above the 50 mark which divides expansion from contraction.

Ahead of the data, the world’s most liquid currency pair, EUR/USD trimmed its earlier losses following a better-than-expected German PMI print to trade as high as 1.3474. Subsequent to the region-wide manufacturing PMI data release, the Euro remained relatively muted to trade near the session high of 1.3474. A further fall in the Euro may have been prevented as a positive PMI from the Eurozone slightly lifted the bets on a further expansion of ECB stimulus. But EUR/USD remains firmly below the key 1.3500 level.

Considering technical analysis, DailyFX Currency Strategist Ilya Spivak mentions near-term support rests at 1.3454 (50% Fib Exp.) and resistance at 1.3502-12 (38.2% Fib Exp.). He remains short EUR/USD at 1.3644 in line with the long-term fundamental outlook. Meanwhile according to DailyFX Speculative Sentiment Index, 56 percent of retail Forex traders are long EUR/USD.

EUR/USD 5 Minute Chart

EUR/USD Hits A Session High After Eurozone PMI Surpises

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here


Edward Hyon, DailyFX Research Team

Keep up to date on event risk with DailyFX Calendar

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


News & Analysis at your fingertips.