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.

Free Trading Guides
EUR/USD
Bearish
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
Oil - US Crude
Bearish
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
Wall Street
Bullish
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
Gold
Bearish
GBP/USD
Bearish
USD/JPY
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
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.12% 🇪🇺EUR: 0.05% 🇳🇿NZD: 0.05% 🇨🇦CAD: -0.03% 🇯🇵JPY: -0.06% 🇦🇺AUD: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/EtV764S650
  • Instant risk-off response in markets. #JPY and #USD up. #AUD, #NZD and #SPX futures down. Lets see now if this has follow-through... https://t.co/bQsvaM1MjU
  • China legislator votes to adopt Hong Kong Security Bill
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.93% FTSE 100: 0.87% France 40: 0.85% Wall Street: 0.80% US 500: 0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/7ReTMJsowa
  • As political tensions between the US and China increase, $gld is picking up a safe-haven bid ahead of the long weekend and may look to press higher. Get your $XAUUSD market update from @nickcawley1 here: https://t.co/boUn4vyfCO https://t.co/n0V7y3bjks
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.01%, while traders in US 500 are at opposite extremes with 77.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/nHiTp6tABc
  • #Yuan has been underperforming its #ASEAN peers (SGD, IDR, PHP, MYR) as US-China tensions have been resurfacing (over Hong Kong), as expected. Notice how #USD is flat as the #HangSeng fell. To learn more about CNY-ASEAN trends, check out my special here - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/04/17/Yuan-SGD-IDR-MYR-PHP-China-ASEAN-FX-Price-Trends-Since-2008.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/Dr0BHzuHQQ
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.00% 🇨🇭CHF: -0.04% 🇬🇧GBP: -0.05% 🇳🇿NZD: -0.12% 🇨🇦CAD: -0.14% 🇦🇺AUD: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HdkFaCg7sp
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.79% France 40: 0.78% FTSE 100: 0.72% Wall Street: 0.58% US 500: 0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/tSax36Fh1j
  • So far this week, #CAD has been the best-performing #G10 FX versus #USD this week with +0.62% spot-returns while #JPY has been the worst with -1.12% [delayed] -BBG
Euro Reverses Week's Losses on Pro-ESM Comments

Euro Reverses Week's Losses on Pro-ESM Comments

2012-07-25 11:42:00
Benjamin Spier, Technical Strategist
Share:

It’s been a wild European session, where the usually correlated Euro and Sterling diverged in trading against the US Dollar. Euro is beating USD by 0.55% so far, while Cable has dropped 0.08%.

Euro and Sterling both began to rally when European Central Bank council member Ewald Nowotny said he would consider arguments in favor of giving a banking license to the ESM permanent bailout fund. This would give the ESM access to ECB lending and ease concerns about a lack of availability of funds for bailouts to Italy or Spain.

This news sent the Euro on a rally that continued for multiple hours, bouncing back from 3 days of selling off. As of 11:00 GMT, the Euro had made a 90 point rise against the US Dollar over the course of the session. The 50% expansion line from May’s high to June’s low at 1.2234 could provide the next resistance.

However, Cable lost all of the initial gains from Nowotny’s comments when the UK GDP for 2Q was reported as contracting for the third straight quarter. The 0.7% quarterly drop was lower than the -0.3% expected GDP loss, sending GBPUSD on a 70 point drop to 1.5470. Cable eventually made up for most of these losses, and is currently trading close to today’s open at the 1.5500 resistance line.

In other European news, Germany sold 30-year bonds in today’s sale for a record low yield of 2.17%. In other German news, the IFO business climate survey set a new 2-year low, but was still generally positive at 103.3.

Traders should keep an eye on US equities today, to see if the S&P will confirm the risk appetite seen in today’s currency trading.

EURUSD15-minute: July 25, 2012

Euro_Reverses_Weeks_Losses_on_Pro_ESM_Comments_body_eurusd_daily_chart.png, Euro Reverses Week's Losses on Pro-ESM Comments

--- Written by Benjamin Spier, DailyFX Research

“Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.”

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

DISCLOSURES

News & Analysis at your fingertips.