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.

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
Bullish
Oil - US Crude
Bullish
Wall Street
Bearish
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
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 5.43% Oil - US Crude: 0.93% Gold: 0.85% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rMKV1czQBI
  • Heads Up:🇺🇸 CB Leading Index MoM (DEC) due at 15:00 GMT (15min) Expected: 0.3% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇺🇸 New Home Sales MoM (DEC) due at 15:00 GMT (15min) Expected: 1.9% Previous: -11% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇩🇪 Bundesbank Wuermeling Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-28
  • US GDP in Q4 saw an increase of 4%, printing in line with expectations. However, while adding to the record mechanical increase in Q3, this was not enough to offset the 3.5% contraction for 2020. Get your GDP market update from @JMcQueenFX here: https://t.co/65o9MC8Xar https://t.co/iVvTYrtj0Z
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 0.58% Wall Street: 0.57% US 500: 0.49% Germany 30: -0.35% FTSE 100: -0.75% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/O4fKZ7PNUo
  • Strength in $EURJPY has driven the pair upward by over 50 pips, rising from 126.00 to currently trade above 126.50, its highest level in over two weeks. $EUR $JPY https://t.co/ODyNz4YSao
  • $USDCAD breakout pulling back from a fresh 2021 high... $NZDUSD breakout hit on Tues, reversed yday. $USDCAD breakout hit yday and so far has continued to run but both the h&s and inverse h&s in $USD remain https://t.co/EuuD7kFDVP https://t.co/m305BAypq2
  • A bout of strength has sent #Silver soaring from 25.25 to above 26.00, hitting its highest levels since the selloff on January 8th. $XAG $SLV https://t.co/N6c56GZZPi
  • $USDCAD is trading at its highest levels in a month, around 1.2850, amidst US Dollar strength. $USD $CAD https://t.co/9R2gC9w7n1
Will US Jobs Data Cement June Fed Rate Hike Chances?

Will US Jobs Data Cement June Fed Rate Hike Chances?

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • US Dollar looks to jobs report to bolster June rate hike chances
  • Euro unlikely to find strong lead in ECB monetary policy meeting
  • Aussie at risk if 1Q GDP, China PMI data boost RBA rate cut bets

Retail traders' positioning offers clues about price trends. Find out how!

The US Dollar will face a critical test of its new-found strength in the week ahead as pivotal economic data crosses the wires. The Fed's favored PCE inflation gauge and May's employment report will be looked upon for confirmation of policymakers' hawkish rhetoric in recent weeks. Upside surprises in line with recent outperformance on US news-flow relative to consensus forecasts may help cement the likelihood of a June rate hike in the minds of investors.

The Euro is unlikely to find strong direction cues in flash CPI data as well as the ECB monetary policy announcement. The central bank seems locked in wait-and-see mode until all of the various elements of its ambitious easing effort have been engaged and given an opportunity to impact markets. Meanwhile, a string of disappointments on Australian economic data outcomes over recent weeks may foreshadow a similar outcome on first-quarter GDP figures, bolstering RBA rate cut speculation and pushign the Aussie Dollar downward. Soft Chinese CPI readings cold amplify this dynamic.

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES