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
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 Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI 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:
  • Sterling continues to contract into trend extremes and the focus is on a pending breakout in the weeks ahead. Get your weekly $GBP technical forecast from @MBForex here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Further your forex knowledge and gain insights from our expert analysts on EUR with our free guide, available today:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
  • The update to the US Consumer Price Index (CPI) is likely to sway the US Dollar during the Federal Reserve’s blackout period as the central bank braces for a transitory rise in inflation. Get your weekly $USD forecast from @DavidJSong here:
A EUR/USD Showdown Set for Today

A EUR/USD Showdown Set for Today

Boris Schlossberg, Technical Strategist

With the Syria situation beginning to recede, US economic data including the Q2 GDP revisions and jobless claims could be prime catalysts to drive EURUSD through the heavily guarded 1.3250 support.

The US dollar (USD) gained some ground against both the euro (EUR) and Japanese yen (EUR) overnight as the imminent threat of a military strike on Syria began to recede. With lawmakers in both the US and UK starting to debate the proper response, it has become clear to the markets that any immediate and unilateral action by the US is unlikely, and that has resulted in a relief rally for the dollar.

USDJPY broke through the 98.00 level, with the pair running to a high of 98.24 in morning European trade. EURUSD, which has been trapped in a 1.3300-1.3450 range for the better part of the past week, finally gave way to the downside, falling to a low of 1.3253.

There is a reported $500 million option barrier at the 1.3250 level that may keep the pair propped up until the NY cut, but momentum is clearly to the downside, and traders are likely to take another run at that number to test the support below.

The one high-beta currency that has held its ground relatively well was the British pound (GBP), which did so on rumors that Vodafone may be in negotiations to sell its 45% stake in Verizon. The deal is reported to be worth up $130 billion and is pound positive. EURGBP slid to .8550 and could drop to .8500 if the news is confirmed.

Job Market Jitters Hit the Eurozone

The euro got no help on the economic front today, as German unemployment rose by 7K versus forecasts for a -5K print. This was the first rise in joblessness in three months, suggesting that growth in the Eurozone’s largest economy may be slowing. The rise in unemployment also comes at an awkward time for Chancellor Angela Merkel, who is facing re-election in early September and will now have to defend her policies.

Peaceful Headlines to Watch Today

With both UK and US legislators continuing to debate the Syrian situation, it appears that a response may be delayed and may not occur without UN support. President Barack Obama's rhetoric has been decidedly more sober over the past 24 hours, and Prime Minister David Cameron has yet to receive Parliamentary support.

Therefore, with a potential global response at a standstill, the markets may turn their focus back toward economics. With US GDP and weekly jobless claims on the economic calendar, the greenback may get another boost if the data surprises to the upside, with USDJPY targeting 98.50 and EURUSD testing the 1.3250 support as the day progresses.

See also: FX Headlines That Might Even Beat Out Syria

By Boris Schlossberg of BK Asset Management

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