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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
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
More View more
Real Time News
  • Hang Seng Index Futures at Key Inflection Point, Top to Resume? - #HSI1! chart https://t.co/dYgRPKhc9h
  • Amazon Q2 Earnings: -EPS at $15.12, versus $12.28 estimate (23% higher) -Revenue at $113 billion, versus $115 billion estimate (1.7% lower) -Share price tumbled 7% during after-hours trade as the company reported a slight revenue miss and gave weak third-quarter guidance
  • 🇯🇵 Industrial Production YoY Prel (JUN) Actual: 22.6% Previous: 21.1% https://www.dailyfx.com/economic-calendar#2021-07-29
  • 🇯🇵 Retail Sales YoY (JUN) Actual: 0.1% Expected: 0.2% Previous: 8.3% https://www.dailyfx.com/economic-calendar#2021-07-29
  • The S&P 500 and Dow Jones could remain biased higher now that retail investors are back to aggressively shorting them. But, will recent shifts in sentiment materially change the broader outlook? Find out from @ddubrovskyFX here:https://t.co/RPirU4f4sp https://t.co/mY3CcB8c3q
  • Heads Up:🇯🇵 Retail Sales YoY (JUN) due at 23:50 GMT (15min) Expected: 0.2% Previous: 8.2% https://www.dailyfx.com/economic-calendar#2021-07-29
  • Heads Up:🇯🇵 Industrial Production YoY Prel (JUN) due at 23:50 GMT (15min) Previous: 21.1% https://www.dailyfx.com/economic-calendar#2021-07-29
  • 🇯🇵 Unemployment Rate (JUN) Actual: 2.9% Expected: 3% Previous: 3% https://www.dailyfx.com/economic-calendar#2021-07-29
  • The British Pound could remain vulnerable against the US Dollar while perhaps looking to push higher against the Australian Dollar, Canadian Dollar and New Zealand Dollar.Get your market update from @ddubrovskyFX here:https://t.co/9iZa4oE4WQ https://t.co/fT1DNXph5D
  • Heads Up:🇯🇵 Unemployment Rate (JUN) due at 23:30 GMT (15min) Expected: 3% Previous: 3% https://www.dailyfx.com/economic-calendar#2021-07-29
Guest Commentary: Finland’s Flirt with Euro-Exit

Guest Commentary: Finland’s Flirt with Euro-Exit

Yohay Elam, Forex Crunch,

Finland could leave euro zone, hinted the finance minister. She said that Finland will prefer to leave the zone rather than pay the debt of others.

Also other statements are not so supportive: Sayings such as “solidarity has limits” are aimed at the Finnish public who is reluctant to help the southern states. Finland stood out by requesting collateral from Greece and then from Spain, in case the programs fail in these countries.

The Finnish Prime Minister also said that the ESM has preferred creditor status – a preferred status for the ESM, or seniority, is exactly the thing that scared investors after the Greek restructuring. The ECB wants to address the issue of seniority, and Finland is not on the same page.

How real is the threat?

Here are some points to consider:

Finland is in the northeast corner of the euro-zone and has a lot of trade with non-euro-zone countries such as Russia, Norway, Sweden and Poland. So, perhaps it doesn’t make sense for Finland to “Hang itself to the euro” as they said.

Finland is the euro-zone country with a perfect AAA rating that didn’t receive a negative outlook by Moody’s. This adds to the confidence of the northern country.

Contrary to Germany, Finland has low costs of leaving the zone, making such a move not only positive for the Finnish population but also not disastrous for the economy.

On the other hand, Finland did approve the recent agreements and its representative in the central bank did support Draghi’s conditional QE program and didn’t side with Germany on this topic.

It will be interesting to follow Finland’s statements and actions during August.

Further reading: Spain Opens Door to Asking for Help

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