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 ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here:
  • 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:
EUR/USD Selloff to Accelerate? Biden-Trump Race for Florida Tightens

EUR/USD Selloff to Accelerate? Biden-Trump Race for Florida Tightens

Dimitri Zabelin, Analyst

2020 Election, General Election Data, Florida Polls, Biden-Trump Spread, EUR/USD Analysis - Talking Points

  • EUR/USD selloff may accelerate after pair broke what could be trend-defining support
  • Latest polls show Biden maintaining a strong lead over Trump in general election stats
  • Race for Florida tightening as both campaigns collectively pour over 50 million dollars


Fresh polling data as of September 23 show Former Vice President and Democratic nominee Joe Biden strongly ahead of President Donald Trump in general election forecasts. Even conservative-leaning Rasmussen Reports show Mr. Biden in the lead, though admittedly the margin is significantly smaller than the 8.75-point average between the other four polls.

2020 US Election Polls

Chart showing polling data

Source: RealClearPolitics

As mentioned in my previous article, a growing number of coronavirus cases may impact how Americans view Mr. Trump’s ability to contain and mitigate the effects of the pandemic. As a result, his shrinking popularity in indirectly help push Mr. Biden’s higher. The Covid-19 pandemic and its effect on the economy will be one of several key topics discussed in the upcoming presidential debate on September 29.

Florida Race Tightening

The race for Florida – a swing state where since 1992 every winner here has gone to the White House – between Biden and Trump appears to be tightening. The latest polls show the former Vice President only 3 points ahead, while ABC News/Washington Post show Trump ahead by 4. Due to the state’s high importance in the race and amount of campaign money allocated here, monitoring what happens in Florida will be critical.

EUR/USD Outlook

Selling pressure in EUR/USD may swell after the pair cleared a key technical threshold, opening the door for further losses and the start of a potentially deep reversal. After invalidating the intersection of two rising support channels – labelled Uptrend 1 and Uptrend 2, respectively – EUR/USD plunged. However, the pair briefly paused at the lower lip of a narrow but critical support range between 1.1698 and 1.1720.

EUR/USD - Daily Chart

Chart showing EUR/USD

EUR/USD chart created using TradingView

However, EUR/USD just broke below the lowest tier and is now trading right at the candle where Uptrend 2 originally started. Looking ahead, selling pressure may continue to grow as the pair eye March resistance-turned-support at 1.1448. The pair may catch its breath at this level if the crowd of buyers overwhelm sellers and temporarily put a pause on the selloff.

--- Written by Dimitri Zabelin, Currency Analyst for

To contact Dimitri, use the comments section below or@ZabelinDimitrion Twitter

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