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.

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
Mixed
Wall Street
Bearish
Gold
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
GBP/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
USD/JPY
Bearish
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
More View more
Real Time News
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 1.47% 🇳🇿NZD: 1.25% 🇬🇧GBP: 0.48% 🇪🇺EUR: 0.30% 🇨🇭CHF: -0.17% 🇯🇵JPY: -1.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/BxRolsnex3
  • Talk about a disconnect between Main Street and Wall Street. Seems like markets are pricing in an expectation of a V-shaped recovery. Wonder when reality will hit 🤔 https://t.co/Y8woCzT8kN
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.29% Gold: -0.73% Silver: -1.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rsa9fXyvQe
  • $USDJPY Daily Pivot Points: S3: 106.83 S2: 107.22 S1: 107.44 R1: 107.82 R2: 107.99 R3: 108.37 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • The #Dow Jones, #Nasdaq and S&P 500 have continued to melt higher in recent days even as bullish catalysts seem to sputter out. Get your #equities market update from @PeterHanksFX here:https://t.co/wXSP3avXh1 https://t.co/Zpnzxf9vj8
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.98%, while traders in US 500 are at opposite extremes with 73.85%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/CxeodwV5yt
  • US Dollar Price Action Setups: EUR/USD, USD/CAD, USD/JPY https://www.dailyfx.com/forex/video/live_events/2020/06/02/US-Dollar-Price-Action-Setups-JS-EUR-USD-USD-CAD-USD-JPY.html https://t.co/mfp3Q7wwNu
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.73% France 40: 0.71% FTSE 100: 0.33% Wall Street: -0.01% US 500: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/qisyRbrKX6
  • China is increasingly aggressive in targeting technology according to official - BBG
  • The Mexican Peso rally has taken USD/MXN below a key support pivot in price and leaves the pair vulnerable to further losses heading into June trade. Get your $USDMXN technical analysis from @MBForex here:https://t.co/lhWwu2KbbN https://t.co/dJe9DGskq0
Guest Commentary: Cristiano Ronaldo Could be transferred from Real Madrid to the ECB

Guest Commentary: Cristiano Ronaldo Could be transferred from Real Madrid to the ECB

2012-07-11 06:00:00
Yohay Elam, Forex Crunch,
Share:

The Portuguese football (soccer) star Cristiano Ronaldo, who plays for Spanish champion Real Madrid, could become an asset of the European Central Bank.

Real Madrid took a loan of 76.5 million euros from Caja Madrid in 2009 and pledged his contract, and of his Brazilian team mate Kaka as collateral.

Caja Madrid was later integrated into Bankia (one of seven banks), and Bankia in turned pledged it with the European Central Bank in order to borrow money.

Bankia is in deep trouble due to the real estate loans of its underlying “caja” banks during the boom years. The Spanish government converted a 4.5 billion loan into an investment, and two weeks later injected 19 billion euros and turned it into a full nationalization.

If Bankia goes under, Ronaldo could play for the ECB in Frankfurt. Mundo Deportivo provides more details (original Spanish, Google Translated). The only problem is that the ECB is a central bank, not a football club.

In the recent EU Summit, it was agreed that Spanish banks would get direct aid from the ESM bailout fund. So, will Ronaldo’s contract eventually become an asset of Germany?

This peculiar anecdote may be amusing, but it reflects the heavy dependency on banks.

Further reading: Spanish bond auction results in a higher yield, again.

Top of Form

By Yohay Elam, Forex Crunch

Would you like to see more third-party contributors on DailyFX? For questions and comments, please send them to research@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.