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.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Bearish
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
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • (#ASEAN Fundy) The US Dollar could rise against ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data $USDSGD #USD $USDINR - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/05/25/US-Dollar-May-Rise-as-SGD-Falls-on-US-China-Woes-Indian-Rupee-at-Risk.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/BHR1vaN8vO
  • BOJ GOV KURODA: - will consider expanding ETF purchases if needed - monetary easing is needed until price-target is met - will consider new easing measures if needed - BoJ's extraordinary measures wont stay post-coronavirus #USDJPY #BOJ
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 1.44% Oil - US Crude: 1.02% Gold: 0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/zbMOhIkpeW
  • As political tensions between the US and China increase, $gld is picking up a safe-haven bid ahead of the long weekend and may look to press higher. Get your $XAUUSD market update from @nickcawley1 here: https://t.co/boUn4vyfCO https://t.co/beDj1yEO0U
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.29% 🇦🇺AUD: 0.28% 🇬🇧GBP: 0.17% 🇪🇺EUR: 0.14% 🇨🇭CHF: 0.12% 🇯🇵JPY: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/qj45yOo16T
  • BOJ GOV KURODA: - will consider changing rates of yield curve control if needed - will consider expanding loan programs if needed #USDJPY #BOJ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.43%, while traders in US 500 are at opposite extremes with 78.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/4TavGtwG3Z
  • Risk-on tone prevailing in APAC trade. #SPX futures up with #AUD and #NZD as #USD, #JPY and #bonds decline. #Gold interestingly up with stocks despite higher yields, weaker US$ may be the driver https://t.co/MJH6iKu3MX
  • China sets #USDCNY daily reference rate at 7.1293 vs 7.1277 yesterday
  • BOJ GOV KURODA: - Won't hesitate to add to easing if needed, carefully watching virus impact #USDJPY #BOJ
US Dollar Up As EU Ministers Fail to Agree Corvid-19 Response

US Dollar Up As EU Ministers Fail to Agree Corvid-19 Response

2020-04-08 06:50:00
David Cottle, Analyst
Share:

US Dollar, Euro, European Union Ministers Fail To Agree Coronavirus Response Talking Points:

  • The US Dollar made broad haven gains as Eurozone finance ministers broke up without agreement
  • They’d reportedly been in conference for sixteen hours
  • Familiar north/south disagreements reportedly remain formidable

The US Dollar rose sharply as Wednesday’s Asia Pacific session wound down on news that European Union finance ministers had failed to agree on a strategy to mitigate the economic impact of the coronavirus on the Eurozone.

An emergency conference which ran for nearly sixteen hours saw no agreement on how to reconcile contrasting views. As usual France and the European south were up against Germany and its northern allies. The latter remain opposed to the issuance of joint debt, a long-time stumbling-block within the monetary union that many in the north are adamant will not be hastily removed by the exigencies of the virus.

Newswires report that Italy and the Netherlands were at particular loggerheads over conditions attached to use of the eurozone’s bailout funds.

A new call is scheduled for Thursday. Meanwhile the Eurozone faces deep recession and widespread unemployment. Perceived disfunction in this crucial economic area saw a flight to quality in global markets, with the US Dollar as the main beneficiary.

EUR/USD unsurprisingly saw falls but the Dollar was up across the board.

Euro Vs US Dollar, 5-Minute Chart
How to Use IG Client Sentiment in Your Trading
How to Use IG Client Sentiment in Your Trading
Recommended by David Cottle
Improve your trading with IG Client Sentiment Data
Get My Guide

US Dollar, Euro Resources for Traders

Whether you’re new to trading or an old hand DailyFX has plenty of resources to help you. There’s our trading sentiment indicator which shows you live how IG clients are positioned right now. We also hold educational and analytical webinars and offer trading guides, with one specifically aimed at those new to foreign exchange markets. There’s also a Bitcoin guide. Be sure to make the most of them all. They were written by our seasoned trading experts and they’re all free.

--- Written by David Cottle, DailyFX Research

Follow David on Twitter@DavidCottleFX or use the Comments section below to get in touch!

https://www.dailyfx.com/free_guide-tg.html?ref-author=Cottle.

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

DISCLOSURES

News & Analysis at your fingertips.