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
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • The retailer has created an event that sees its sales surpass Black Friday and Cyber Monday combined. Get your market update from @PeterHanksFX here:
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.44% 🇳🇿NZD: 0.43% 🇪🇺EUR: 0.19% 🇬🇧GBP: 0.11% 🇨🇭CHF: -0.03% 🇯🇵JPY: -0.31% View the performance of all markets via
  • US API Stock Changes: #Crude -7.199M #Cushing -2.550M #Gasoline +0.959M #Distillate +0.992M #Oil $CL_F
  • Bitcoin breached the key psychological level of $30,000 for the first time since January The Jan 22 swing low of $28,800 came in to help cauterize support. Get your market update from @PeterHanksFX here:
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.37% Gold: -0.28% Silver: -0.70% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.01%, while traders in France 40 are at opposite extremes with 68.82%. See the summary chart below and full details and charts on DailyFX:
  • WH Press Sec. Psaki: - More work remains on infrastructure after meeting - Today or tomorrow, a White House team will meet with Senators from both parties
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.01% Wall Street: 0.01% Germany 30: -0.11% France 40: -0.19% FTSE 100: -0.27% View the performance of all markets via
  • McKesson said to explore sale of European, UK businesses -BBG $MCK $EURUSD $GBPUSD
  • EUR/GBP continues to trade towards the bottom of the trading range. Sentiment remains ‘mixed’ after near term decline in long positioning. Get your market updates from @RichardSnowFX here:
EUR/USD May Hold Steady as Investors Weigh Italy, Brexit Outcome

EUR/USD May Hold Steady as Investors Weigh Italy, Brexit Outcome

Dimitri Zabelin, Analyst


  • EUR/USD – short-term congestion ahead?
  • Effects of recession in Italy still to be seen
  • Investors holding steady on Brexit outcome

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

The Euro – and broadly speaking European assets – have been under pressure from Brexit and forecasts of sluggish growth against the backdrop of continental ideological re-alignment. Italy recently slipped into a technical recession and Brexit has been in a stalemate since the House of Commons voted on amendments to the Prime Minister’s new plan.

EUR/USD has lost almost 10 percent of its value since April, illustrating the profound effect trade wars and regional political unrest have on the currency. Since January 10, the pair was closing below a resistance that was broken on January 25. The pair rose 0.92 percent and has since continued to trade higher until it reached 1.1478.

Underlying momentum and optimism for the Euro’s potential upward trajectory failed to gain traction, and EUR/USD closed lower at 1.1456.

EUR/USD – Daily Chart

Chart of EUR/USD (Daily)

In the short-term, the Euro may trade between 1.1505-1.1478 as investors scan the geopolitical landscape and endeavor to forecast the risks associated with Italy’s recession and the outcome of Brexit. Hope – but not sturdy confidence – of upward movement is illustrated with the wicks on the candles on January 30 and 31 that reached as high as 1.1514.

Until more is known, and the potential risks are more understood, the Euro may trade cautiously between 1.1505-1.1478. However, fundamental forecasts – and comments from the ECB – indicate that risks in the European economy are mounting on the downside as time progresses.


--- 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.