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
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
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • 🇺🇸 Chicago Fed National Activity Index (MAY) Actual: 0.29 Previous: -0.09 https://www.dailyfx.com/economic-calendar#2021-06-21
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 84.83%, while traders in France 40 are at opposite extremes with 69.62%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/3hAexw35Fc
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the weekly open! - https://t.co/chKtG7ezG9
  • German Health Minister Spahn says there is a risk of a fourth wave due to Delta variant
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.55% 🇬🇧GBP: 0.55% 🇦🇺AUD: 0.48% 🇪🇺EUR: 0.22% 🇨🇭CHF: 0.20% 🇯🇵JPY: 0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/FM00rPZ81G
  • Weekly Strategy Webinar starting in 15mins on DailyFX! - https://t.co/lxd5fZ5LG7
  • Heads Up:🇺🇸 Chicago Fed National Activity Index (MAY) due at 12:30 GMT (15min) Previous: 0.24 https://www.dailyfx.com/economic-calendar#2021-06-21
  • UK PM Spokesman says the UK is committed to the triple lock on pensions government made a commitment not to increase rate of income tax
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-21
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 86.01%, while traders in France 40 are at opposite extremes with 69.54%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/1KacM0SzUu
AUD/USD Slammed, EUR/USD Eyes US ISM Report - US Market Open

AUD/USD Slammed, EUR/USD Eyes US ISM Report - US Market Open

Justin McQueen, Analyst

MARKET DEVELOPMENT – AUD/USD Slammed, EUR/USD Eyes US ISM Report

AUD: The Australian Dollar remains on the backfoot, dropping over 0.8% against the USD, consequently breaking below the 0.6900 handle. In light of the bushfire crisis, the latest ANZ job advertisements data reported the largest job (-6.7%) since May, consequently, raising downside risks to the Australian jobs report on January 23rd. In turn, money markets have raised the likelihood of a rate cut from the RBA next month to 56%.

ANZ Job Advertisements Signal Risk of 5.4% Unemployment Rate

AUD/USD Slammed, EUR/USD Eyes US ISM Report - US Market Open

Source: DailyFX, Refinitiv

EUR: Eurozone inflation rose in line with expectations at 1.3% for December, up from 1.0%. The had largely been attributed to the increase in energy prices, which rose 0.2%, compared with a 3.2% decline November. That said, inflation remains heavily below the ECB’s target, therefore this is unlikely to alter the central bank’s monetary policy outlook. Meanwhile, the Euro continues to trade within a relatively tight range, albeit trading a little softer on the back of the firmer greenback. Eyes on the ISM Non-Manufacturing Service data, whereby a better than expected figure could test the pair test 1.1140 support.

GBP: Little of note for the Pound, which trades modestly lower against the greenback. MPs return to parliament where they will begin three days of debating PM Johnson’s Withdrawal Agreement Bill. That said, given the 80-seat majority Boris Johnson holds, the bill will pass with ease. On the technical front, the 50% Fibonacci retracement (from Apr’18 - Sep’19 drop) remains the stumbling block for GBP/USD having failed to consolidate above. That said, support for the pair is situated at 1.3050.

AUD/USD Slammed, EUR/USD Eyes US ISM Report - US Market Open

Source: DailyFX, Refinitiv

Economic Calendar (07/01/20)

AUD/USD Slammed, EUR/USD Eyes US ISM Report - US Market Open

Source: DailyFX,

WHAT’S DRIVING MARKETS TODAY

  1. Canadian Dollar Price Outlook: USD/CAD Sell-Off Eyes Fresh Low” by Nick Cawley, Market Analyst
  2. USD/MXN – US Dollar Breakdown vs Mexican Peso, Watch 2019 Low” by Paul Robinson, Currency Strategist
  3. US Dollar Longs Slashed, GBP/USD Most Bullish Since May 2018 - COT Report” by Justin McQueen, Market Analyst

--- 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