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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
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
Wall Street
More View more
Real Time News
  • US Senator Romney: I want to get an agreement on infrastructure today $USD $DXY
  • US Treasury Sec. Yellen: - Congress should act to lift the debt ceiling as quickly as possible - We cannot allow any chance of the government defaulting on its debt
  • US Treasury Sec. Yellen: - Defaulting on the national debt is "unthinkable" - It would be catastrophic for the US to default, that would likely precipitate a crisis
  • US Treasury Sec. Yellen: - The Fed's IOER adjustment was purely technical - According to the Fed, the stance of monetary policy has not changed
  • US Treasury Sec. Yellen: - Inflation estimates for next year are consistent, hovering around 2%
  • US Treasury Sec. Yellen: - The majority of inflation expectation indicators are still stable - Inflation will return to normal levels after this year
  • US Treasury Sec. Yellen: - I believe current inflation patterns are temporary due to supply chain bottlenecks - It will be a bumpy road to reopening, but the economy is on a good track
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 0.59% Gold: 0.05% Oil - US Crude: -0.12% View the performance of all markets via
  • US Treasury Sec. Yellen: Raising the corporate tax rate would land the US in the middle of its peers
  • US Senator Schumer: - We are moving forward on multiple infrastructure proposals - I will meet with White House officials later along with Speaker of the House Nancy Pelosi
EUR/USD Techninical Analysis: Bearish - Waiting for EU Data Dump

EUR/USD Techninical Analysis: Bearish - Waiting for EU Data Dump

Dimitri Zabelin, Analyst


  • EUR/USD outlook bearish below 1.269
  • Waiting for the EU data dump next week
  • European turmoil may weigh on the Euro

See our free guide to learn how to use economic news in your trading strategy!

The Euro may fall next week after a cascade of key economic indicators are released which may confirm the ECB and IMF’s forecasts of slower European growth. The Euro traded lower on January 24, opening at 1.1380 and having a daily close at 1.1307, a mere two pips above the 1.1305 support. This was in part fueled by ECB President Mario Draghi’s announcement that the overall outlook has moved to the downside.

EUR/USD – Daily Chart

Chart Showing EUR/USD on a Daily Chart

Some of the economic reports include Eurozone CPI, France’s Consumer Confidence and Italy’s GDP. CPI forecasts had already been cut from 1.7 to 1.6 percent by the ECB, and the Yellow Vest Protests in France have sent French bond yields soaring and negatively impacted economic data. Italian GDP will be closely monitored given the precarious state of the country’s economy.

Not only may the Euro suffer if the quarter-on-quarter GDP falls short of expectations, but there is a very strong possibility that it may contract for a second consecutive quarter, thereby satisfying the definition of a technical recession. This may then re-ignite the budget dispute Italy had with Brussels that shook financial markets for weeks. Only this time, the circumstances would be direr, especially with the current state of Brexit.

Sellers may hold the upper hand below the 1.1269 level. The next possible support is at 1.1216, where the pair bounced after a brief probing in mid-November. If the data underwhelms, EUR/USD’s downward movement may be accelerated and could potentially gather sufficient momentum to breach 1.1216.


--- Written by Dimitri Zabelin, Jr Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

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