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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
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
Wall Street
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
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • 🇳🇿 Inflation Rate QoQ (Q1) Actual: 0.8% Expected: 0.7% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2021-04-20
  • 🇳🇿 Inflation Rate YoY (Q1) Actual: 1.5% Expected: 1.4% Previous: 1.4% https://www.dailyfx.com/economic-calendar#2021-04-20
  • The Canadian Dollar recently weakened against some of its major counterparts. USD/CAD is eyeing key support, with GBP/CAD looking to extend gains. CAD/JPY may bounce next. Get your market update from @ddubrovskyFX here:https://t.co/v9Y6A50NdV https://t.co/3WXFSUMwb6
  • Heads Up:🇳🇿 Inflation Rate QoQ (Q1) due at 22:45 GMT (15min) Expected: 0.7% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2021-04-20
  • Heads Up:🇳🇿 Inflation Rate YoY (Q1) due at 22:45 GMT (15min) Expected: 1.4% Previous: 1.4% https://www.dailyfx.com/economic-calendar#2021-04-20
  • US 10-Year Treasury yields eyeing a retest of key support at 1.53 after backtesting the neckline of the Head and Shoulders pattern carved out in March. Implied measured move to 1.42 is the next stop if 1.53 gives way #US10Y https://t.co/pS2rQycU6s https://t.co/bKWi72ja6q
  • USD/CAD recovery testing multi-week high / April opening-range - breakout potential. Resistance 1.2619, bearish invalidation at 1.2774 - support 1.2473. Get your $USDCAD market update from @MBForex here:https://t.co/MI4MCv9dY3 https://t.co/U9YqNUjJv9
  • Melbourne looking magnificent this morning https://t.co/OuvDnuKUv7
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.06% 🇪🇺EUR: -0.00% 🇨🇭CHF: -0.09% 🇬🇧GBP: -0.32% 🇦🇺AUD: -0.43% 🇨🇦CAD: -0.61% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/zsSb5yC3Kt
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: 0.38% Silver: 0.04% Oil - US Crude: -0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/1ucq5uuf7U
Forex News: First Full Week of the Year Opens with a Drop in Euro

Forex News: First Full Week of the Year Opens with a Drop in Euro

Benjamin Spier, Technical Strategist

Welcome back to the first week of holiday-free trading and what will hopefully be a return to pre-Thanksgiving liquidity levels. Following a slight bump during Friday’s trading after the US change in NFP’s, the Euro has fallen back towards 1.3000 against the US Dollar in today’s Forex markets.

There was little chatter and few releases during today’s European session. German investors’ expectations for the Euro-zone have turned optimistic according to the Sentix index for January. UK house prices rose 1.3% in December according to Halifax, and Swiss foreign currency reserves dropped slightly from November’s revised 427.4 billion Francs of holdings. None of the releases had significant effect on price movement.

Tomorrow, German Chancellor Merkel and Greek PM Samaras will be meeting in Berlin. A German government spokesman said there will be a briefing before the meeting. The meeting comes ahead of the release of the second tranche of the aid payment agreed upon in December.

In Italy, PM Monti has agreed to run with a centrist bloc ahead of the elections on February 24-25. Today, former PM Berlusconi said his People for Freedom Party will run with the Northern League, and he will serve as an economy minister in a right government. They are running on a platform that northern Italian districts should pay for less of the needs of the southern part of the country.

There are no other major economic releases scheduled for the rest of today’s session.

EURUSD is currently trading below 1.3050, and may see support by the key 1.3000 line. Resistance could be provided by a line around 1.3158, which has provided some resistance over the past few months.

EURUSD Daily: January 7, 2013

First_Full_Week_of_the_Year_Opens_with_a_Drop_in_Euro_body_eurusd_daily_chart.png, Forex News: First Full Week of the Year Opens with a Drop in Euro

--- Written by Benjamin Spier, DailyFX Research

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

DISCLOSURES