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
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
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Today's article and webinar recording for those who missed it - https://www.dailyfx.com/forex/market_alert/2021/06/23/Nasdaq-100-Outpaces-Dow-Jones-as-Reflation-Trade-is-Put-on-Pause.html?ref-author=phanks&QPID=917701&CHID=9
  • U.S. stocks rallied on Tuesday with the NASDAQ composite closing at an all time high as investors shifted into technology and other growth stocks. Get your market update from @WVenketas here:https://t.co/r1UXIkHlLo https://t.co/AhuUp0gSfM
  • Fed's Rosengren: - Cryptocurrencies and money market reform both need particular attention - People are encouraged to take risks during prolonged periods of extremely low interest rates
  • 🇰🇷 Consumer Confidence (JUN) Actual: 110.3 Previous: 105.2 https://www.dailyfx.com/economic-calendar#2021-06-23
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.32% 🇦🇺AUD: 0.30% 🇬🇧GBP: 0.11% 🇨🇭CHF: -0.00% 🇪🇺EUR: -0.13% 🇯🇵JPY: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UsCf9GyMQF
  • Fed's Rosengren: - We are still a long way from pre-pandemic levels in terms of employment - We still have a significant employment gap to close
  • Fed's Rosengren: - Since the economy opened up so fast, there are shortages of products and services - I expect inflation to be somewhat higher than 2% next year
  • Heads Up:🇰🇷 Consumer Confidence (JUN) due at 21:00 GMT (15min) Previous: 105.2 https://www.dailyfx.com/economic-calendar#2021-06-23
  • Fed's Rosengren: - Several areas of the economy are still struggling - While there are elevated prices for many goods and services, those prices will moderate next year
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 0.39% Oil - US Crude: 0.27% Gold: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/EgbnKb4O6H
EURUSD Spikes Higher as Trump Plans to Delay EU Auto Tariffs  - US Market Open

EURUSD Spikes Higher as Trump Plans to Delay EU Auto Tariffs - US Market Open

Justin McQueen, Analyst

MARKET DEVELOPMENT –EURUSD Spikes Higher as Trump Plans to Delay EU Auto Tariffs

DailyFX Q2 2019 FX Trading Forecasts

EUR: The Euro spiked higher, alongside the DAX following reports that Trump is said to be planning to delay imposing auto tariffs for up to 6-months. (full story) As a reminder, President Trump had to make a decision by May 18th on whether he would go ahead with placing tariffs on EU auto imports. In reaction, EURUSD reclaimed the 1.12 handle, while DAX surged 1.75% to break above the 12000 level.

GBP: The Pound is the notable underperformer yet again, which current trades at the lowest level since February 15th against the USD. As talks between the government and Labour continue, the Labour spokesman once again poured cold water on the hopes of a Brexit breakthrough, thus weighing on the Pound, which in turn raises the likelihood that PM May’s 4th attempt of getting the withdrawal agreement passed will fail. (full story)

JPY: Investors continue to flock towards safer assets, one of which has been the Japanese Yen and Swiss Franc, which outperform its major counterparts. While the trade war tensions between the US and China keep investors on the defensive, weak data from China and the US also provides a fresh reminder that global growth is indeed slowing down.

CAD: USDCAD saw a relatively muted reaction to the latest inflation data, moving a marginal 15pips higher on the release before retracing the initial uptick. Headline CPI had printed in-line with expectations, however, the preferred measure of the BoC (average of trim, median and common) dipped slightly to 1.9% from 2%. As such, this is unlikely to shift the Bank of Canada from its neutral stance. (CAD Technical analysis)

EURUSD Spikes Higher as Trump Plans to Delay EU Auto Tariffs - US Market Open

DailyFX Economic Calendar: – North American Releases

EURUSD Spikes Higher as Trump Plans to Delay EU Auto Tariffs - US Market Open

IG Client Sentiment

EURUSD Spikes Higher as Trump Plans to Delay EU Auto Tariffs - US Market Open

How to use IG Client Sentiment to Improve Your Trading

WHAT’S DRIVING MARKETS TODAY

  1. Dow Jones at 200-day; Crude Oil, Gold Price Charts & More” by Paul Robinson, Currency Strategist
  2. GBPUSD Price Outlook: Risk of Bearish Breakdown” by Justin McQueen, Market Analyst
  3. Crude Oil Prices Fail to Benefit from Middle East Tensions” by Martin Essex, MSTA , Analyst and Editor
  4. Using FX To Effectively Trade Global Market Themes at IG” by Tyler Yell, CMT , Forex Trading Instructor

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES