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.



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
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
More View more
Real Time News
  • $EURCAD has continued to strengthen today, rising from below 1.5100 by over 50 pips to currently trade above 1.5150, at a six week high. $EUR $CAD
  • After rising back above the 1.60% level to a high around 1.63% earlier today, US 10yr Treasury yields have moved back lower. They are now trading around an intraday low of 1.56%. $USD
  • Discord has walked away from sale talks with $MSFT now eyeing potential IPO
  • here we go, webinar starting right now 1) USD Q2 Weakness 2) Gold brewing bullish potential? 3) Stonks through initial earnings outlays
  • The Euro has slipped to an intraday low amidst the German Greens surging to a lead over Merkel's CDU in a new poll. $EUR $USD
  • $USDCAD has strengthened today, rising to a one week high near the 1.2600 level. The Canadian Dollar has suffered amidst a drop in oil prices and extended travel restrictions. $USD $CAD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX:
  • In line with the general risk-off sentiment, oil prices have come under notable selling pressure with both Brent and WTI crude futures falling 2-2.5%. Get your #crudeoil market update from @JMcQueenFX here:
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Gold: 0.49% Silver: 0.42% Oil - US Crude: -1.41% View the performance of all markets via
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.08% 🇯🇵JPY: 0.07% 🇪🇺EUR: 0.04% 🇦🇺AUD: -0.17% 🇬🇧GBP: -0.23% 🇨🇦CAD: -0.30% View the performance of all markets via
Forex News: Euro Erases Earlier Losses Following Greece Tranche Indecision

Forex News: Euro Erases Earlier Losses Following Greece Tranche Indecision

Benjamin Spier, Technical Strategist

Following an overnight announcement that a final decision was not reached on Greece’s debt crisis and an agreement was not made over the next tranche of aid for the Greek government, France has led an effort to soften public perception of the inconclusive meeting of Euro-zone finance ministers.

France Finance Minister Moscovici said a Greece accord only needs some final touches, implying that there was not a great divide between Euro leaders. A French government spokeswoman also said that France will do everything to reach an accord on Greece.

It now seems that a final deal on Greece could be reached at the end of next week’s EU summit meeting, which will start with a new EU budget proposal. Greek PM Samaras was upset about the delay in aid payment, saying that technical difficulties in finding a solution do not justifying delaying the tranche. German Chancellor Merkel said that they have to make sure that Greece carries out reform, but there is a priority for Greece to stay in the Euro. Also, Greek opposition leader Tsipras said that more and more Greek debt isn’t sustainable.

In Spain, ECB member and Bank of Spain Head Luis Maria Linde said Spain is still suffering from restrictive funding conditions and the outlook for the upcoming quarter isn’t favorable. He also said that the target deficit cut for 2013 is very ambitious.

In Forex markets, the Euro has managed to erase most of the losses it experienced against the US Dollar following the announcement of the indecision over Greece’s aid tranche. EURUSD is currently trading right around 1.2800, and could find resistance at a former support line around 1.2824.

Additionally, the US Dollar set new highs against the Yen in currency trading today, the pair climbed above 82.00 for the first time since April. The opposition LDP party called for BoJ cooperation in seeking drastic easing and called for a 2% inflation target.

In economic releases, the BoE minutes revealed that MPC members have begun to question the effectiveness of quantitative easing. However, they said that further stimulus is possible in future months. In the North American session, the University of Michigan Confidence will be released at 14:55 GMT, 84.5 is expected for November.

EURUSD Daily: November 21, 2012

Euro_Erases_Earlier_Losses_Following_Greece_Tranche_Indecision_body_eurusd_daily_chart.png, Forex News: Euro Erases Earlier Losses Following Greece Tranche Indecision

--- Written by Benjamin Spier, DailyFX Research

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