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
Mixed
Oil - US Crude
Mixed
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • 🇯🇵 Tertiary Industry Index MoM (FEB) Actual: 0.3% Previous: -1.7% https://www.dailyfx.com/economic-calendar#2021-04-20
  • (Special) Canadian Dollar Analysis, Will Momentum Continue? USD/CAD, GBP/CAD, CAD/JPY #CAD $USDCAD $GBPCAD $CADJPY https://www.dailyfx.com/forex/technical/article/special_report/2021/04/20/Canadian-Dollar-Analysis-Will-Momentum-Continue-USDCAD-GBPCAD-CADJPY.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/k9OXz7Xc0G
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UfoNfSgu16
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.44% 🇳🇿NZD: 0.38% 🇨🇦CAD: 0.30% 🇨🇭CHF: 0.05% 🇯🇵JPY: 0.03% 🇬🇧GBP: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LY6p1GMAIY
  • Heads Up:🇯🇵 Tertiary Industry Index MoM (FEB) due at 04:30 GMT (15min) Previous: -1.7% https://www.dailyfx.com/economic-calendar#2021-04-20
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.20% US 500: 0.14% FTSE 100: -0.02% Germany 30: -0.04% France 40: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/JfhA2eyx8v
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/KRWQChtT4q
  • The Dollar took out the 50-day moving average to start the week and we are now slipping through the 100 DMA to start Tuesday trade. Watching $USDJPY, GBPUSD and earnings into Tuesday trade https://www.dailyfx.com/forex/video/daily_news_report/2021/04/20/Dollar-Breaks-USDJPY-and-GBPUSD-Technical-Barriers-Earnings-and-Dogecoin-on-Deck.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/w9Wc3qSMtN
  • Australian Dollar Price Outlook: AUD/USD, AUD/JPY, AUD/NZD, AUD/CHF - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2021/04/20/Australian-Dollar-Price-Outlook-AUDUSD-AUDJPY-AUDNZD-AUDCHF.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $AUD $AUDNZD $AUDUSD $AUDJPY
  • $AUDUSD, Australian govt. bond yields rising after #RBA minutes They mentioned a 1st step to tapering 'is likely to occur end of June' when TFF is likely to end They also said they may consider extending it amid deterioration in financial system, but signs are currently missing https://t.co/ROgYfwKOub
Euro Slips Modestly After Small Gfk Confidence Miss

Euro Slips Modestly After Small Gfk Confidence Miss

David Cottle, Analyst

Talking Points

  • The Euro backtracked a little following a very modest miss for the Gfk consumer confidence survey
  • German consumers were a little less upbeat in the latest edition than they had been a month before
  • The index seems to have topped out at the 10.2 level once again

The Euro took a small fall early in Thursday’s European trading session by news that German consumer confidence had slipped a little.

The monthly index for March from market research company Gfk came in at 10.0. This was a whisker below the 10.1 which markets were on the lookout for and February’s 10.2. The index is compiled on behalf of the European Commission.

The index had been rising since December but seems to have peaked at that 10.2 mark. It did the same in 2016, rising from 9.4 in April to peak at the same 10.2 level in September.

Still the fall was hardly catastrophic and the Euro didn’t slide far in the aftermath. EUR/USD fell to 1.05479 from 1.05576 just before the figures. That said a little more spending from German consumers is very much what Eurozone monetary-policy makers would like to see, so in that regard this modest slip back may be dispiriting.

Hit, but not hard: EUR/USD

Euro Slips Modestly After Small Gfk Confidence Miss

Chart Compiled Using TradingView

The consumer confidence survey saw daylight at the same time as the final official reading of German Gross Domestic Product for 2016’s final quarter. This was in-line with the previous official estimate of 0.4% growth on the quarter and 1.7% growth on the year, both seasonally adjusted. Without adjustment the on-year growth rate was 1.2%, again as expected.

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter: @DavidCottleFX

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

DISCLOSURES