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.

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
GBP/USD
Mixed
USD/JPY
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
Oil - US Crude
Bearish
Bitcoin
Bearish
More View more
Real Time News
  • LIVE IN 30 MIN: Currency Strategist @PaulRobinsonFX discusses important technical developments relevant to short to intermediate-term commodity and equity index traders here - https://www.dailyfx.com/webinars/816147795?CHID=9&QPID=917720
  • ECB's De Guindos says monetary policy side effects are becoming more evident $EUR
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT to gain insight on indices and commodities for the active trader. Register here: https://t.co/gghsFsZYlx https://t.co/ujAbNhzLpz
  • Why financial market traders must monitor both monetary and fiscal policy?Find out from @MartinSEssex here: https://t.co/Fkzk88Y5gm https://t.co/gbDTCgqHI5
  • Heads Up:🇬🇧 GBP Unit Labor Costs (YoY) (2Q) due at 09:30 GMT (15min), Actual: N/A Expected: N/A Previous: 2.1% https://www.dailyfx.com/economic-calendar#2019-11-20
  • RT @mynamejd: SP500 earnings revisions up & down per sector - Source Refinitiv https://t.co/bvmlQCltkN
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.87%, while traders in US 500 are at opposite extremes with 79.99%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/06877Dk0Iz
  • Heads Up:🇪🇺 EUR ECB Publishes Financial Stability Review due at 09:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-11-20
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Gold: 0.37% Silver: 0.22% Oil - US Crude: -0.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Nl2cW4qqNE
  • US Dollar Selloff May Accelerate After #FOMC Minutes Released - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2019/11/20/US-Dollar-Selloff-May-Accelerate-After-FOMC-Minutes-Released.html
Asia AM Digest: Euro Gains as Key ECB Meeting Draws Closer

Asia AM Digest: Euro Gains as Key ECB Meeting Draws Closer

2017-10-25 23:20:00
DailyFX Research,
Share:

Get the Asia AM Digest every day before Tokyo equity markets open sign up here!

European currencies led the way higher yesterday. The Euro rose ahead of an upcoming ECB monetary policy announcement expected to bring tapering of the central bank’s QE asset purchases. The British Pound proved strongest on the day however after upbeat UK GDP data bolstered BOE rate hike expectations.

Meanwhile, commodity bloc FX continued to suffer. The Australian Dollar fell after disappointing CPI data undermined already timid RBA rate hike prospects while political uncertainty continued to weigh on its Kiwi cousin. The Canadian Dollar fell after the BOC signaled it is in no hurry to raise rates again.

DailyFX Economic Calendar: Asia Pacific (all times in GMT)

Asia AM Digest: Euro Gains as Key ECB Meeting Draws Closer

DailyFX Webinar CalendarCLICK HERE to register

Asia AM Digest: Euro Gains as Key ECB Meeting Draws Closer

IG Client Sentiment Index Chart of the Day: GBP/JPY

Asia AM Digest: Euro Gains as Key ECB Meeting Draws Closer

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 52.9% of traders are net-long GBP/JPY, with the ratio of traders long to short at 1.12 to 1. The number of traders net-long is 10.9% lower than yesterday and 3.3% higher from last week, while the number of traders net-short is 1.7% higher than yesterday and 16.0% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/JPY prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current GBP/JPY price trend may soon reverse higher despite the fact traders remain net-long.

Five Things Traders are Reading

  1. New Zealand Dollar Recovers from Mostly Sour Trade Data by Daniel Dubrovsky
  2. Bank of Canada Keeps Rates on Hold, Canadian Dollar Falls Sharply by Dylan Jusino
  3. GBP After UK GDP; EUR Ahead of ECB Tomorrow by Christopher Vecchio, CFA, Sr. Currency Strategist
  4. EUR/JPY Technical Analysis: One-Year Highs Hit Fib Resistance pre-ECB by James Stanley, Currency Strategist
  5. Ethereum Prices Settle on Fibonacci Supportby Michael Boutros, Currency Strategist

To get theAsia AM Digest every day before the Tokyo cash equity open, sign up here

To get theUS AM Digest every day before the US cash equity open, sign up here

To get both reports daily, sign up here

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

DISCLOSURES

News & Analysis at your fingertips.