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
More View more
Real Time News
  • 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:
  • Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Earnings, Inflation Check out @RichDvorakFX's latest market recap and preview plus all the weekly forecasts from the @DailyFXTeam at the link below! Link to Analysis - $EURUSD $SPX #Trading
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX 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:
  • 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:
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
Greece's Samaras to Travel to Germany for Merkel Talks

Greece's Samaras to Travel to Germany for Merkel Talks

Benjamin Spier, Technical Strategist

Despite much of Europe taking off for Assumption Day, the market still saw some significant action in the European session following two key UK releases. The minutes from the last Bank of England meeting showed that the votes were unanimous to keep the interest rate and asset purchase target unchanged, and the BoE said that much of the losses from the second quarter could be made up in Q3. Furthermore, the UK economy surprisingly added jobs during the month of July, likely as a result of the Olympics.

The BoE minutes release was preceded by the bank’s Bean saying that the previous quantitative easing measures provided some traction, and BoE’s Fisher said quantitative easing is more powerful than interest rate cuts.

Sterling rallied following the two simultaneous releases, stopping just shy of 1.5700. GBPUSD has been trading in a 10-day upward trend, and resistance could be provided around the upward channel, currently at 1.5720.

In the Euro-zone, Greek Prime Minister Antonis Samaras will travel to Germany on August 24 to brief PM Angela Merkel on Greece’s progress. A government spokesman said Merkel will stand by previous international creditors’ demands.

Also, European Union Economic and Monetary Affairs Commissioner Olli Rehn confirmed reports that the Spanish government is currently considering a request for a sovereign bailout.

Coming up, traders should be aware of the United States consumer price index for the month of July, analysts expect a 0.2% rise in prices.

GBPUSD 15-minute: August 15, 2012

Greeces_Samaras_to_Travel_to_Germany_for_Merkel_Talks_body_gbpusd.png, Greece's Samaras to Travel to Germany for Merkel Talks

--- 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.