Feedback

Daily Forex Outlook

Inflation Data to Test Sterling and Greenback

Vote up: 0 Vote down: 0
RSS

Currencies

  • The euro (EUR) dropped against the US dollar (USD) to 1.3356. The single currency trades near its lowest level since November. Today the European Current Account will be announced and is expected to be at 19.3B.
  • The US dollar (USD) rose against the Japanese yen (JPY) to 102.56. The greenback is under pressure as the yearly US Core CPI will be announced today and is expected to rise by 2.0%. A better CPI will boost demand for dollar as signs of earlier increase in interest rates will rise.

Equities

  • The US equities gained yesterday as tensions in Ukraine and Middle-East eased. The US 500 (SPI) advanced to 1969, the US 30 (DOW) climbed to 16817 and the US Tech (NDQ) went to 4019.

Read more …

Stocks Lower as Geopolitical Tensions Worsen

Vote up: 0 Vote down: 0
RSS

Currencies

  • The euro (EUR) climbed against the US dollar (USD) on Friday to 1.3400. The single currency rose but is still under pressure as the FOMC Meeting Minutes is coming ahead on Wednesday. Today the European Trade Balance will be announced and is expected to be at 14.9B.
  • The US dollar (USD) fell against the Japanese yen (JPY) at 102.35 on Friday as Ukraine reported convoy attack. The greenback is under pressure as the US inflation rate is coming ahead on Tuesday, while the FOMC Meeting Minutes in Jackson Holes is coming ahead on Wednesday.

Equities

  • European equities fell on Friday on speculation that tensions in Ukraine might worsen during the weekend. The Germany 30 (DAX) went to 9132, the EU Stocks 50 (ESX) to 3043 and the France 40 (CAC) to 4191.

Read more …

Sterling Falls to a Four Month Low as UK Wages Growth Fell

Vote up: 1 Vote down: 0
RSS

Currencies

  • The euro (EUR) remains range bound against the US dollar (USD) at 1.3363. The single currency rose to 1.3414 after bad US Core Retail Sales data, which were the worst in the last six months, before it retraced back to 1.3363. The single currency is under pressure as the quarterly German Preliminary GDP will be announced today and is expected to be at -0.1%.
  • The US dollar (USD) continues its bullish trend for a fourth consecutive day against the Japanese yen (JPY) at 102.58 as earlier today the quarterly Japanese Core Machinery Orders rose by 8.8%, while the expected increase were at 15.5%. The yen is still under pressure as the US Unemployment Claims will be announced today and are expected to be at 307K.

Read more …

Yen Drops Ahead of GDP Announcement

Vote up: 0 Vote down: 0
RSS

Currencies

  • The euro (EUR) dropped to 1.3368 against the US dollar (USD). The single currency is edging towards its lowest level since November 2013. Today the German ZEW Economic Sentiment survey data will be announced and is expected to come out at 18.2.
  • The US dollar (USD) continues its bullish trend for a second consecutive day against the Japanese yen (JPY) at 102.27. The yen fell as tensions eased in Ukraine, reducing the demand for the currency as a safety haven. The yen is under pressure today as the quarterly Japanese Preliminary GDP data will be announced and are expected at -1.7%.

Equities

  • The European equities gained yesterday as investors believe that the tensions between Russia and Ukraine will ease and that the US airstrikes might push the ISIS forces back. The Germany 30 (DAX) advanced to 9199, the France 40 (CAC) went to 4205 and the EU Stocks 50 (ESX) to 3052.

Read more …

New contributors join FXStreet Market Analysis

Have a look at the new traders and experts who have joined our Analysis sectionIt's time to have a look at the new traders and experts who have joined our Analysis section. Check it out!

Most Popular Content

  1. EUR/USD pushes against 1.3400... again
     by FXStreet Aug 15, 13:02 GMT
  2. GBP/USD still hesitating on the direction
     by FXStreet Aug 15, 06:58 GMT
  3. EUR/USD: there it goes again
     by FXStreet Aug 15, 09:17 GMT
  1. Euro stuck in a bearish wedge
     by Blackwell Global Investments Limited Aug 20, 05:25 GMT
  2. Daily Forex Fundamental Overview
     by Dukascopy Bank SA Aug 15, 07:44 GMT
  3. Sit Back And Relax
     by JKonFX Aug 12, 04:48 GMT
  1. EUR/USD: mighty dollar wins
     by FXStreet Aug 19, 19:17 GMT
  2. The dollar index trade to as high as 81.995
     by ZuluTrade Aug 20, 07:28 GMT
  3. Stay out if you can manage it
     by Rockefeller Treasury Services, Inc. Aug 19, 12:37 GMT

Traders Tools

Forex Studies

Monitor the markets with our customizable FX studies.

Economic Calendar

Live economic events calendar

Latest Webinar Recordings