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
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
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Gold price action is primed for volatility next week with the Fed decision on deck. How real yields and the US Dollar react to fresh guidance from Fed officials will be key for gold outlook. Get your weekly gold forecast from @RichDvorakFX here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Canadian Dollar snapped a three-week losing streak after USD/CAD stalled at key technical resistance. Get your CAD weekly forecast from @MBForex here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here:
Guest Commentary: Spain- Cutting Pensions Could Break the Camel's Back

Guest Commentary: Spain- Cutting Pensions Could Break the Camel's Back

Yohay Elam, ForexCrunch,

Many have wondered how Spain keeps going on with an unemployment rate of around 25%. How come there aren't riots on the streets?

There are three main reasons cited for the stability, but one of these could now collapse.

What are the legs of the Spanish stool?

  1. Welfare state: despite the cuts, Spain still pays out to the unemployed through various programs. People can still receive a minimum payment.
  2. Underground economy: Some say that the 25% figure is somewhat exaggerated, as many people perform various types of work and report as unemployment. The phenomenon is common in Spain, more than in other places.
  3. Family ties: Families certainly help each other in Spain - those who are better off help members that aren't doing well. One example is going back to living with your parents - something that weighs on the already struggling job market.

Another aspect of this help for the younger generations (where unemployment is much higher), is through pensions: older people use some of their pension money to help out their children and grandchildren.

This is about to change: pension payouts will be trimmed in various forms, including CPI calculations. In addition, the government is discussing a rise in the retirement age. A cut in pensions means that pensioners will have less money for the younger ones.

Will this take the younger ones back to the streets? The popular M-15 movement is still active, but far from its peak in the spring of 2011. Many feel that they cannot bring about a change. Some are leaving the country.

Could pensions serve as the straw that will break the camel's back?

Further reading: 50 Top Forex Twitter Accounts

By Yohay Elam, ForexCrunch

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

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