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
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
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
Wall Street
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
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • 🇰🇷 Interest Rate Decision Actual: 0.5% Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2021-04-15
  • Heads Up:🇰🇷 Interest Rate Decision due at 01:00 GMT (15min) Actual: 0.5% Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2021-04-15
  • Heads Up:🇰🇷 Interest Rate Decision due at 01:00 GMT (15min) Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2021-04-15
  • Heads Up:🇯🇵 BoJ Gov Kuroda Speech due at 01:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-15
  • Heads Up:🇦🇺 Consumer Inflation Expectations (APR) due at 01:00 GMT (15min) Previous: 4.1% https://www.dailyfx.com/economic-calendar#2021-04-15
  • US ready to impose sanctions on Russia over election, SolarWinds - BBG
  • The British Pound's technical posture against the Australian Dollar, Canadian Dollar and Swiss Franc presents near-term levels that may dictate upcoming price action. Get your market update from @FxWestwater here:https://t.co/vm7xpuum5D https://t.co/FlXtU5Ic61
  • 🇯🇵 Foreign Bond Investment (10/APR) Actual: ¥1714.4B Previous: ¥375.1B https://www.dailyfx.com/economic-calendar#2021-04-14
  • Heads Up:🇯🇵 Foreign Bond Investment (10/APR) due at 23:50 GMT (15min) Previous: ¥377B https://www.dailyfx.com/economic-calendar#2021-04-14
  • 5 out of 11 S&P 500 sectors ended higher, with 51.1% of the index’s constituents closing in the green. Energy (+2.91%), financials (+0.66%) and materials (+0.64%) were among the best performers, while consumer discretionary (-1.17%) and information technology (-1.15%) trailed. https://t.co/FMscTetRLb
Mixed Batch of Eurozone PMI Data Leaves Euro Unscathed | Webinar

Mixed Batch of Eurozone PMI Data Leaves Euro Unscathed | Webinar

Martin Essex, MSTA, Analyst

EUR price, news and analysis:

  • The Euro held its ground Tuesday after figures showed a healthier Eurozone manufacturing sector in July than forecast but a weaker than predicted services sector.
  • Now the focus turns to Thursday’s meeting of the ECB, where Eurozone monetary policy settings will all be left where they are.

Our trading forecasts for Q3 have been published; you can find the EUR guide here.

And check out the IG Client Sentiment data to help you trade profitably.

EURUSD shrugs off PMI data

The Euro was little changed Tuesday after purchasing managers’ indexes for the Eurozone in July showed the manufacturing sector expanding more quickly than expected but relative weakness in services. Looking ahead, the key event for the region this week will be Thursday’s meeting of the European Central Bank’s Governing Council, which will almost certainly leave all its settings where they are.

In this webinar, I looked at the numbers, the Euro and what to expect from the ECB on Thursday.

EURUSD Price Chart, Five-Minute Timeframe (July 24, 2018)

Latest EURUSD price chart.

Chart by IG

You can read more about the data here

The manufacturing PMI climbed to 55.1 from 54.9 in June, well above both the 50 mark that separates expansion from contraction and the predicted 54.6. However, the services PMI eased to 54.4 from 55.2, well below the forecast 55.0. The composite PMI slipped to 54.3 from 54.9, under the expected 54.8.

Taken together, the numbers suggest Q3 GDP growth of 0.4% according to IHS Market, which compiles the data. As for the Euro, that will likely be unaffected by Thursday’s ECB meeting, with EURUSD likely to react more to events in the US, where Friday’s GDP figures are the key economic data released this week.

Resources to help you trade the forex markets

Whether you are a new or an experienced trader, at DailyFX we have many resources to help you: analytical and educational webinars hosted several times per day, trading guides to help you improve your trading performance, and one specifically for those who are new to forex. You can learn how to trade like an expert by reading our guide to the Traits of Successful Traders.

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

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

DISCLOSURES