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
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bearish
GBP/USD
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
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:🇺🇸 Goods Trade Balance Adv (MAY) due at 12:30 GMT (15min) Previous: $-85.23B https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 Durable Goods Orders Ex Transp MoM (MAY) due at 12:30 GMT (15min) Expected: 0.8% Previous: 1% https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 Initial Jobless Claims (19/JUN) due at 12:30 GMT (15min) Expected: 380K Previous: 412K https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 Jobless Claims 4-week Average (JUN/19) due at 12:30 GMT (15min) Previous: 395K https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 Continuing Jobless Claims (12/JUN) due at 12:30 GMT (15min) Expected: 3470K Previous: 3518K https://www.dailyfx.com/economic-calendar#2021-06-24
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.20% 🇯🇵JPY: 0.17% 🇪🇺EUR: 0.08% 🇦🇺AUD: -0.01% 🇨🇭CHF: -0.06% 🇬🇧GBP: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/AL18fhN28M
  • Heads Up:🇺🇸 Corporate Profits QoQ Final (Q1) due at 12:30 GMT (15min) Previous: -3.3% https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 PCE Prices QoQ Final (Q1) due at 12:30 GMT (15min) Expected: 3.7% Previous: 1.5% https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 GDP Price Index QoQ Final (Q1) due at 12:30 GMT (15min) Expected: 4.3% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 Core PCE Prices QoQ Final (Q1) due at 12:30 GMT (15min) Expected: 2.5% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-06-24
Euro May Have Set Important Low Following ECB Rate Cut

Euro May Have Set Important Low Following ECB Rate Cut

David Rodriguez, Head of Product
Euro May Have Set Important Low Following ECB Rate Cut

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

EURUSDThe Euro may have set an important low as it stopped and reversed near $1.35; our proprietary retail volume data showed the biggest spike in transactions since the last major Euro bottom near $1.33.

Trade Implications – EURUSD: There was a tremendous sense of déjà vu as the European Central Bank cut rates, the Euro tumbled, retail FX volumes surged, and yet the EURUSD seemed poised to hold key lows.

Crowds are solidly short Euro as it reverses from key lows, and further traction above key congestion near $1.3650 would instill confidence that the pair has set an important low. Key price and time cycles likewise suggest the Euro is at a key inflection point.

See next currency section: GBPUSD - British Pound Remains at Risk of Further Declines

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Euro May Have Set Important Low Following ECB Rate Cut

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

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

DISCLOSURES