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. See our updated Privacy Policy here.

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
Mixed
Gold
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
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • The retailer has created an event that sees its sales surpass Black Friday and Cyber Monday combined. Get your market update from @PeterHanksFX here:https://t.co/LCyr0z9DHh https://t.co/xDTXRH1TEj
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.44% 🇳🇿NZD: 0.43% 🇪🇺EUR: 0.19% 🇬🇧GBP: 0.11% 🇨🇭CHF: -0.03% 🇯🇵JPY: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/CoczW1YszK
  • US API Stock Changes: #Crude -7.199M #Cushing -2.550M #Gasoline +0.959M #Distillate +0.992M #Oil $CL_F
  • Bitcoin breached the key psychological level of $30,000 for the first time since January The Jan 22 swing low of $28,800 came in to help cauterize support. Get your market update from @PeterHanksFX here:https://t.co/zmlplL9ZqD https://t.co/6R5nFtVFYS
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.37% Gold: -0.28% Silver: -0.70% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/K9Qw88fR9n
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.01%, while traders in France 40 are at opposite extremes with 68.82%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/HWcth7b6kv
  • WH Press Sec. Psaki: - More work remains on infrastructure after meeting - Today or tomorrow, a White House team will meet with Senators from both parties
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.01% Wall Street: 0.01% Germany 30: -0.11% France 40: -0.19% FTSE 100: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/HdfL6Ct6sE
  • McKesson said to explore sale of European, UK businesses -BBG $MCK $EURUSD $GBPUSD
  • EUR/GBP continues to trade towards the bottom of the trading range. Sentiment remains ‘mixed’ after near term decline in long positioning. Get your market updates from @RichardSnowFX here:https://t.co/i7uESnbkBE https://t.co/rdqrIAUnuG
EUR/USD Eyeing German GDP, Eurozone CPI, EU-US Trade Conflict?

EUR/USD Eyeing German GDP, Eurozone CPI, EU-US Trade Conflict?

Dimitri Zabelin, Analyst

EURO TALKING POINTS – EUR/USD, GERMAN GDP, EUROZONE CPI, EU-US TRADE CONFLICT IN SIGHT?

  • EUR/USD vulnerable to German GDP report?
  • EU-US trade conflict fears resurface in 2019
  • Investors watching growth in key Eurozone states

See our free guide to learn how to use economic news in your trading strategy!

The Euro might be watching tomorrow’s release of German GDP amid fears of slower growth in key Eurozone economies. Both the previous report and forecast are in line at 0.0%, but there are lingering fears that Germany may report a contraction. The risk being that if the largest Eurozone economy reports negative growth for two consecutive quarters, it will have entered an official technical recession.

Following the GDP report, the IFO surveys – measures used to gauge sentiment for economic activity – will be released and may offer key insight on how policymakers feel about the outlook. Eurozone inflation data across various time measurements is due the same day, which may also influence the Euro.

Fundamental themes that (especially Euro) traders are likely to keep their eye on in the coming weeks are Brexit and trade wars. There is a possibility that the EU might be a next possible target if Trump declares victory in the US-China trade negotiations. This concern resurfaced after a report was given to the President which outlined potential security threats posed by auto imports.

If a tit-for-tat dispute were to erupt, it would likely push EUR/USD down and the ensuing risk aversion might propel the US Dollar up. Adding to the fun is the additional possibility of another Rome-Brussels clash over Italy’s controversial budget amid the country’s recent dip into a recession.

In the more immediate time frame, EUR/USD has been struggling to consistently trade above 1.1358 and may dip toward the 1.1305 support if incoming German GDP comes in negative along with disappointing Eurozone CPI. The fundamental outlook for European political economy seems to suggest any substantial upward moves are not likely to occur anytime soon.

EUR/USD – Daily Chart

Chart Showing EUR/USD

EUR/USD TRADING RESOURCES

--- Written by Dimitri Zabelin, Jr Currency Analyst for DailyFX.com

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

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

DISCLOSURES