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
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
Bullish
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
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • This perfectly demonstrates the importance of twitter helping level the playing field against BBG/RTRS owners https://t.co/JVdjXvkYL2
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here: https://t.co/UTWxbnNz7M https://t.co/uKhIm80KyC
  • $GBP https://t.co/rj9ngE3uJt
  • 🇲🇽 Business Confidence (SEP) Actual: 40.5 Previous: 39.1 https://www.dailyfx.com/economic-calendar#2020-10-01
  • 🇲🇽 Business Confidence (SEP) Actual: 40.5 Previous: 39.1 https://www.dailyfx.com/economic-calendar#2020-10-01
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.17%, while traders in Wall Street are at opposite extremes with 67.11%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/eXJtXSvPW1
  • Heads Up:🇲🇽 Business Confidence (SEP) due at 11:00 GMT (15min) Previous: 38.1 https://www.dailyfx.com/economic-calendar#2020-10-01
  • Join @CVecchioFX 's #webinar at 7:30 AM ET/11:30 AM GMT for your weekly update on the world's most influential central banks. Register here: https://t.co/xCF8skC3Bz https://t.co/Tcuqm5FJWn
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 1.95% Gold: 0.61% Oil - US Crude: -0.85% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/TOJNv1C8aM
  • What is NFP and how can you trade it? Find out: https://t.co/XJWS04IF9j https://t.co/C7vSXhNDdm
Strategy Video: How the ECB Rate Decision Next Week Impacts EURUSD Now

Strategy Video: How the ECB Rate Decision Next Week Impacts EURUSD Now

2014-05-30 00:53:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

• The ECB rate decision is due next Thursday at 11:45 GMT - but the market isn't waiting to adjust

• Since the last meeting on May 8, the Euro and EURUSD have tumbled in anticipation of easing

• Despite the pullback, the market is far from fully pricing in a full rate hike or stimulus outcome

Find out when the ECB rate decision will be covered on DailyFX with the Webinar Calendar. Find EURUSD and Euro trades using the DailyFX-Plus signals.

Euro and EURUSD traders are already looking ahead to next week to gauge the scenarios and market impact of the ECB's monetary policy actions. Since central bank President Mario Draghi clearly warned three weeks ago that the policy group was warming up to an easing move, the currency market's benchmark pair has dropped over 300 pips and tentatively turned a near-two year trend. Even after this move, the market is far from pricing in the full impact of further accommodation from the European bank. That said, the various scenarios and market-moving potential can cool the bear trend that has taken over the Euro's reins. What is the trade potential for the currency and EURUSD between now and the next Thursday's ECB decision? That is the topic of today's Strategy Video.

Sign up for John’s email distribution list, here.

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

DISCLOSURES