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
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency:
  • Global stocks bounce back from recent pullback as key resistance levels lie ahead. Get your weekly equities forecast from @HathornSabin 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:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Bitcoin (BTC) started the day on the front foot on the Twitter news before the latest China crypto ban hammered the market lower. Get your weekly crypto forecast from @nickcawley1 here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading 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:
  • The US Dollar continues to push higher against ASEAN currencies after the FOMC rate decision. This leaves the USD/SGD, USD/THB, USD/PHP and USD/IDR outlook mostly tilted higher. Get your market update from @ddubrovskyFX here:
  • The US Dollar seems to be back on the offensive against its major counterparts, pressuring EUR/USD and NZD/USD lower as USD/JPY consolidates. USD/CHF surges past key resistance. Get your market update from @ddubrovskyFX here:
  • The Japanese Yen remains in focus with strength potential on risk aversion themes to go along with weakness on themes around higher rates. Get your weekly $JPY technical forecast from @JStanleyFX here:
France Cuts Debt Issuance for 2013, Projects Growth in 2012

France Cuts Debt Issuance for 2013, Projects Growth in 2012

Benjamin Spier, Technical Strategist

For the first time in a while, most of the attention during today’s European session was focused on France. France announced during the budget presentation today that they would cut their debt issuance for 2013 to 171.1 billion Euros, down from the182.8 billion Euros of planned debt issuance in 2012. Additionally, the budget projected 0.3% GDP growth in 2012 and 0.8% growth in 2013. France’s Finance Minister Moscovici said that keeping a 3% deficit target is crucial.

The budget announcement followed an earlier release of French GDP for Q2 at 0.0%, following Q1’s non-existent growth. Therefore, the budget is predicting a pickup in growth before the end o the year. French Finance Minister Moscovici said earlier today that if Europe stabilizes, the country’s economy could see at least 0.8% growth in 2013. Neither the French budget forecast nor the GDP release had a significant impact on Euro trading.

The only news of the day that seemed to drive the Euro was a higher than expected estimation of annual Euro-zone inflation in September. EURUSD climbed above 1.2950 following the release, before losing most of the gains later in the session. Support and resistance might be provided respectively by the 1.2900 and 1.3000 figures.

At 6PM Madrid time, Spain will announce the result of the stress test of their banks. German government spokesman Steffen Seibert said earlier today that direct recapitalization of the banks, without adding to the government’s deficit, will only be possible after joint supervision of the banks by the ECB. Merkel said earlier today, that the crisis can’t be fought by piling up more debt.

In the North American session, the Canadian GDP for July will be announced at 12:30 GMT.

EURUSD 1-hour: September 28, 2012

France_Cuts_Debt_Issuance_for_2013_Projects_Growth_in_2012_body_eurusd_daily_chart.png, France Cuts Debt Issuance for 2013, Projects Growth in 2012

--- 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.