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 continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage 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:
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here:
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • #Gold prices put in a major breakout last month and, so far, buyers have held the line. But a really big Fed meeting is on the calendar for this week. Can Gold bulls hold? Get your market update from @JStanleyFX here:
A Eurozone Quandary to Be Settled Soon

A Eurozone Quandary to Be Settled Soon

Kathy Lien, Technical Strategist

The ECB’s lingering concerns about slow economic growth are likely to be either validated or called into question this week with the release of new PMI data and the German IFO survey.

Of all the major currencies, the euro (EUR) will be the central focus this week. With Eurozone manufacturing and service sector PMI reports scheduled for release along with the German IFO index, all eyes are on the performance of the region’s economy.

When we last heard from the European Central Bank (ECB) earlier this month, policymakers were concerned about the outlook for the region. ECB President Mario Draghi said that monetary policy will remain accommodative for as long as needed because there are downside risks to the economic outlook. He even talked about how the Bank is "technically ready" for negative rates.

Most of the economic reports received since have validated Draghi's concerns, but this week, economists are looking for an improvement in economic activity and German business confidence. As a result, the question now is whether the ECB's doubts about Eurozone growth are misplaced because economists are looking for stronger activity.

We believe that the risk is to the downside for Eurozone data because industrial production, factory orders, and investor confidence have all weakened, and unemployment in the region remains very high.

At the same time, though, despite his dovish comments last week, Fed Chairman Ben Bernanke confirmed that the Federal Reserve is looking to taper asset purchases, and the prospects for higher US yields should cap gains in the EURUSD.

Portugal Dodges Need for Early Elections

Meanwhile, Portugal's coalition parties and main opposition party failed to reach an agreement, but according to President Anibal Cavaco Silva, the current government has enough of a majority to avoid early elections.

Holding elections before 2015 would have created renewed political uncertainty for the country, the Eurozone, and the shared currency, so this was an ideal scenario for both Portugal and the euro.

See related: 3 FX Events the World Is Watching

No Eurozone economic reports were released on Monday, and Tuesday should be quiet as well with only French business confidence and production indicators on the economic calendar.

British Pound (GBP) Extends Gains

The British pound (GBP) extended its gains against the US dollar on Monday, moving higher for the fifth consecutive trading day. While no UK economic reports were released, the currency continued to benefit from last week's Bank of England (BoE) meeting minutes, in which all nine BoE policymakers voted to leave the size of the asset-purchase program and interest rates unchanged.

Of course, this is a precursor to a potentially larger change in monetary policy. According to UK Prime Minister David Cameron, who spoke this weekend, while the conservatives cannot guarantee that taxes will not be raised after the next election, if the economy improves, he wants to consider a reduction in taxes.

The British Bankers Association is set to release its monthly report on house purchases on Tuesday. The number of homes sold has been climbing gradually since March and is expected to increase further in June. Low interest rates have been extremely supportive of the UK housing market, and aside from GBPUSD, the pound is also performing well against the euro.

By Kathy Lien of BK Asset Management

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