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
Oil - US Crude
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
  • The Japanese #Yen may rise as the #SP500 outlook risks shifting more bearish on signals in trader positioning. What is the road ahead for $USDJPY given the outbreak of the #coronavirus? - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/02/26/Yen-Outlook-Bullish-USDJPY-May-Fall-as-SP-500-Sees-Dip-Buying.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ynFwtuzd6P
  • That's more or less a 268% increase after the government announced expansionary measures such as giving HK$10k to each adult permanent resident... https://t.co/kIM4QNkHuw
  • Hong Kong 2019/20 fiscal deficit at HK$37.9b, 2020/21 deficit at a record HK$139.1b -BBG
  • If you missed this week's session on IG Client Sentiment where I discussed the Japanese Yen and #SP500 outlook, check out the recording on YouTube here $USDJPY $AUDJPY #SPX - https://t.co/6VYWaVuJgZ
  • - Copper price outlook gloomy as #COVID-19 intimidates Chinese demand - Coronavirus threatens to derail global stabilization, pressure commodity - Copper futures have plunged over 10 percent, falling to 17-year uptrend https://www.dailyfx.com/forex/market_alert/2020/02/26/Copper-Outlook-Bleak-as-COVID-19-Threatens-China-Economy.html
  • The $JPY has lost out to a broadly resurgent US Dollar, with a clearly dwindling band of Yen bulls left to hope that the most recent rise has become overextended. Get your market update from @DavidCottleFX here:https://t.co/7Ndm5jiOi7 https://t.co/iXFakOQKJB
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.90% Silver: 0.38% Gold: 0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/CwYU17wruT
  • RT @DavidInglesTV: U.S. weekly imports from China fell by half last week and early indications is this week will be about half of last week…
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.02% 🇦🇺AUD: -0.01% 🇳🇿NZD: -0.06% 🇪🇺EUR: -0.12% 🇨🇭CHF: -0.13% 🇯🇵JPY: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/V5JsKlfFcF
  • Hong Kong 2020 GDP forecast -1.5% to +0.5% -BBG
Asia AM Digest: Euro Awaits Italy Majority Government, CAD Fell

Asia AM Digest: Euro Awaits Italy Majority Government, CAD Fell

2018-05-13 23:00:00
Daniel Dubrovsky, Analyst

Current Market Developments – Italian Majority Government Looms

Over the weekend, Italy’s two anti-establishment leaders Luigi Di Maio and Matteo Salvini drew closer to forming a government. The former is the head of the anti-EU party known as the Five Star Movement. The latter is in charge of the centre-right coalition. Combining their forces would produce a majority government after the hung parliament result from the 2018 Italian general election.

According to a League official, a final result is likely on Sunday. The result of such a majority government could present some political risk for the Euro. Some of the anticipated measures include renegotiations of EU accords as they take on tougher positions on Europe. However, pulling out of the EU doesn’t appear to be on the agenda. Back in the aftermath of the election result, Matteo Salvini said that he does not want an ‘improvised’ euro exit for Italy.

Prior Session Recap – Canadian Dollar Drops on Sour Jobs Report

The Canadian Dollar was the worst performing major on Friday as a worse-than-expected jobs report crossed the wires. Canada lost 1.1k workers as economists’ were anticipating the country to add 20k jobs instead. In addition, the labor force participation rate unexpectedly declined to 65.4% as it continued its contraction since the 2008 global financial crisis. This was also the smallest percentage since the turn of the 21st century.

Not surprisingly, local government bond yields declined signaling ebbing hawkish Bank of Canada rate hike expectations. Overnight index swaps are now pricing in a 33 percent probability that the central bank will raise rates this month. This has been falling from about 80 percent confidence back in January.

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

Asia AM Digest: Euro Awaits Italy Majority Government, CAD Fell

DailyFX Webinar CalendarCLICK HERE to register (all times in GMT)

Asia AM Digest: Euro Awaits Italy Majority Government, CAD FellAsia AM Digest: Euro Awaits Italy Majority Government, CAD Fell

Five Things Traders are Reading:

  1. EUR/USD Weekly Technical Forecast: More Bounce Before More Selling? by Paul Robinson, Market Analyst
  2. Lack of Motivation but Long CHF Trend Leverage EUR/CHF and USD/CHF Appeal by John Kicklighter, Chief Currency Strategist
  3. Yen Weakness in the Spotlight with Japan Inflation Numbers On Deckby James Stanley, Currency Strategist
  4. Australian Dollar’s Slide May Pause, But It’s Probably Not Overby David Cottle, Analyst
  5. NZD/USD Awaits Fed Speak, Positioning and Perhaps Profit Takingby Daniel Dubrovsky, Junior Analyst

--- Written by Daniel Dubrovsky, Junior Currency Analyst for DailyFX.com

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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


News & Analysis at your fingertips.