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Daily Financial Market News

Wed, 24 Jan 2018 05:00:00 GMT

Euro May Shrug Off Soft PMI Data, Looking Ahead to ECB Meeting

Euro May Shrug Off Soft PMI Data, Looking Ahead to ECB Meeting Search DailyFX Home Rates Charts News Market News Real-Time News Daily Briefings Forecast Market Alerts DailyFX Authors Articles Market News Headlines Traders Urged to Respond to Proposed European Rule Changes Euro May Shrug Off Soft PMI Data, Looking Ahead to ECB Meeting AUD/USD Rally Approaching Initial Resistance Targets Technical Analysis Analysis Technical Analyst Picks Support & Resistance Daily Technical Reports Pivot Points Sentiment Articles Algorithmic Trading Technical Analysis Headlines FTSE Technical Outlook – Consolidation Period Would Do Some Good Japanese Yen Technical Analysis: USD/JPY Wilts, 107 Could Beckon As Dollar Weakness Presists, Yen May Rally Calendars Economic Calendar Webinar Calendar Central Bank Rates Dividend Calendar Forex Economic Calendar Time Event Actual Forecast Rates Charts Education Education Beginner Intermediate Advanced Expert Free Trading Guides DAILYFX PLUS × Get the best parts of DailyFX.com in the new DailyFX App Download × Join Us For Our Free Webinars Get daily market analysis from our in-house experts Choose from more than 25 webinars each week Put your questions to our experts in real-time Q&As Register now Want to hold off on improving your trading? Click here to dismiss. × Get Your Free Trading Guides With your broad range of free expert guides, you'll explore: The basics of forex trading and how to develop your startegy Foundational knowledge to help you develop an edge in the market What's ahead for major FX pairs, Gold, Oil and more Download a Free Guide Want to hold off on improving your trading? Click here to dismiss. EUR/USD Low High View More Note: Low and High figures are for the trading day. News Euro May Shrug Off Soft PMI Data, Looking Ahead to ECB Meeting USD & JPY Get Haven Bids as Trump Protectionism Returns EUR/USD Boosted as German Economic Sentiment Soars GBP/USD Low High View More Note: Low and High figures are for the trading day. News Investor Sentiment Remains Buoyant as US Government Shutdown Ends USD & JPY Get Haven Bids as Trump Protectionism Returns A Weekly Technical Perspective on GBP/USD, USD/CAD, USD/CHF USD/JPY Low High View More Note: Low and High figures are for the trading day. News Japanese Yen Technical Analysis: USD/JPY Wilts, 107 Could Beckon Japanese Yen Shrugs at Strong Local Data After Dovish BOJ As Dollar Weakness Presists, Yen May Rally Gold Low High View More Note: Low and High figures are for the trading day. News Trading Outlook for Gold & Silver, Crude Oil, Copper, DAX & More Gold Prices Rise Even as US Government Shutdown Ends Gold Awaits Dollar’s Lead Before Deciding Breakout or Reversal Oil Low High View More Note: Low and High figures are for the trading day. News Gold Prices Rise Even as US Government Shutdown Ends Weekly Technical Outlook- USD Warning Signs of Stretched Price Action Crude Oil Prices Struggle as Gold Eyes US Government Shutdown BITCOIN Low High View More Note: Low and High figures are for the trading day. News Bitcoin, Ethereum, Ripple; Technical Support Still Needed Bitcoin Shifts to a Mixed Trading Bias Bitcoin, Ethereum, Ripple Prices Crumble, Market Capitalization Slashed View More More Real-Time News Facebook Twitter Youtube Google + Euro May Shrug Off Soft PMI Data, Looking Ahead to ECB Meeting by  Ilya Spivak, Sr. Currency Strategist  Fundamental analysis, economic and market themes Connect via: Talking Points: Euro may look past soft PMI data as ECB meeting approaches US Dollar continues to suffer amid ‘reach for yield’ dynamics Yen, Franc advance as risk aversion hits Asia Pacific markets January’s flash Eurozone PMI survey roundup headlines the economic calendar in European trading hours. The composite gauge is expected to show the pace of manufacturing- and service-sector growth slowed a bit after hitting the highest in at least three years in December. Data outcomes from the currency bloc area have deteriorated relative to forecasts recently, opening the door for downside surprises. That may have little lasting impact on the Euro however as traders wait for Thursday’s ECB monetary policy announcement before showing directional commitment. The US Dollar continued to sink in in Asia Pacific trade. The currency has continued to lose ground despite the swift end of the US government shutdown, undermined by “reach for yield” behavior across financial markets that has capital flows leaving the greenback to position for post-Fed hawkish policy reversals. The anti-risk Japanese Yen and Swiss Franc traded broadly higher as stocks fell across regional bourses. The deterioration in sentiment familiarly translated into the unwinding of carry trades funded in the two perennially low-yielding currencies. The MSCI AsiaPac equities benchmark shed 0.2 percent. Find out here what DailyFX analysts chose as their top trading ideas for 2018 ! Asia Session European Session ** All times listed in GMT . See the full DailyFX economic calendar here . --- 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. Related Articles Previous Articles From euro open Related Prev Articles   Traders Urged to Respond to Proposed European Rule Changes   AUD/USD Rally Approaching Initial Resistance Targets   AUD/USD Rate Rally Stalls Ahead of 2017-High; RSI Sell Signal on Tap   USD & JPY Get Haven Bids as Trump Protectionism Returns   Gold Prices Rise Even as US Government Shutdown Ends   Euro to Look Past ZEW Data, US Dollar Eyes World Economic Forum   Yen May Rise as US Government Shutdown Sours Market Mood   Euro May Ignore CPI Data, BOC Might Have Market-Wide Impact   Pound May Rise on UK CPI as Global Yield Reach Hurts US Dollar   Australian, New Zealand Dollars Buoyed by Rate Hike Speculation Advertisement Upcoming Events Economic Event Importance Actual - Forecast - Previous Importance Actual - Forecast - Previous Forex Economic Calendar A:  Actual   F:  Forecast     P:  Previous NEWS Articles Real Time News Daily Briefings Forecasts DailyFX Authors TECHNICAL ANALYSIS Articles Analyst Picks Support & Resistance Pivot Points Sentiment CALENDAR Economic Calendar Webinar Calendar Central Bank Rates Dividend Calendar EDUCATION Forex Trading University Trading Guide DAILYFX PLUS RATES CHARTS RSS Past performance is no indication of future results. 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