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
Bearish
Oil - US Crude
Mixed
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
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
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • 🇺🇸 Factory Orders MoM (OCT) Actual: 1.0% Expected: 0.8% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2020-12-04
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.89%, while traders in NZD/USD are at opposite extremes with 74.03%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EIHwsqOtHo
  • Kudlow calls for extra $300 per week in unemployment benefits for several months $USD $SPY
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.95% Silver: 0.78% Gold: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/RZ3wURW2R5
  • US NFP headline at 245k, notably missing expectations of 460k, while the prior reading had been revised lower to 610k from 638k. Get your #NFP update from @JMcQueenFX here:https://t.co/TwjhsvHRxC #JobsReport https://t.co/qSdJfdNHXT
  • Heads Up:🇺🇸 Fed Bowman Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-12-04
  • Heads Up:🇺🇸 Factory Orders MoM (OCT) due at 15:00 GMT (15min) Expected: 0.8% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2020-12-04
  • Global Times: Chinese Finance Minister had "constructive conversation” with EU Commission Economic VP on China-EU bilateral investment deal $EUR $CNY
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.64% France 40: 0.23% Wall Street: 0.21% US 500: 0.16% Germany 30: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/e8R9WRIK8f
  • US employment (NFPs) fell short by more than 200K while Canadian jobs beat expectations by 42K. $USDCAD responds as would be expected - extending its 1.3000 break https://t.co/t8BDHOO7Am
EURUSD Nudges Lower After ECB Stands Pat: Press Conference Ahead

EURUSD Nudges Lower After ECB Stands Pat: Press Conference Ahead

2018-09-13 12:28:00
Nick Cawley, Strategist
Share:

EURUSD Talking Points:

  • Monetary policy levers left untouched.
  • Will Draghi give the market any clues at the press conference.

The DailyFX Q3 EUR Forecast is available to download.

ECB to Reduce Asset Purchases

The latest ECB monetary policy announcement produced no surprises as the central bank left all settings unchanged. The ECB reiterated that asset purchases would halve to EUR15 billion in October from a current rate of EUR30 billion and that interest rates would be kept on hold ‘through the summer of 2019’.

EURUSD remained little changed post announcement and investors will now wait to see if President Draghi gives any clues about Q2 GDP growth – a slight downgrade is expected – or if there is a chance that asset purchases may continue next year.

EURUSD currently trades around 1.16150 and sits in the middle of the 20- and 50-day moving average cloud.

EURUSD One Hour Price Chart (September 5 -13, 2018)

EURUSD Nudges Lower After ECB Stands Pat: Press Conference Ahead

IG Client Sentiment Datashow that retail investors are 44.8% net-long EURUSD but recent changes suggest the pair may soon move lower.

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

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

DISCLOSURES