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
EUR/USD
Bearish
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
Mixed
Gold
Bearish
GBP/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
USD/JPY
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
More View more
Real Time News
  • The Malaysian #Ringgit fell today after Malaysian Q2 GDP contracted -17.1% y/y (vs -10.9% expected) This leaves $USDMYR closer towards facing key resistance above Dominant outlook remains bearish however, check out this week's #ASEAN tech outlook here - https://t.co/yR4bEV3NCe https://t.co/xjPPs3RD5D
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/S9CEcB4urE https://t.co/XhXvSI8ECM
  • 🇯🇵 Tertiary Industry Index MoM (JUN) Actual: 7.9% Previous: -2.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Heads Up:🇯🇵 Tertiary Industry Index MoM (JUN) due at 04:30 GMT (15min) Previous: -2.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. Learn how to incorporate multiple time frame analysis here: https://t.co/HnzQcAXWLU https://t.co/nRLUAAEc7t
  • #EURUSD may be forming a Head and Shoulders top on the daily chart. Confirmation on a break of neckline support may open the door for a break toward the 1.15 figure. https://t.co/iXOwXxCEjc
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/3FsnNdo7VK https://t.co/lC69rPbkcJ
  • $AUDUSD just weakened slightly following disappointing Chinese industrial production and retail sales data What is the Aussie facing over the next 24 hours and heading into next week? #AUD https://www.dailyfx.com/forex/market_alert/2020/08/14/Australian-Dollar-Outlook-Eyes-SP-500-Retail-Sales-After-Chinese-Data.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/b9pmxMkp8o
  • 🇨🇳 Unemployment Rate (JUL) Actual: 5.7% Previous: 5.7% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 🇨🇳 Fixed Asset Investment (YTD) YoY (JUL) Actual: -1.6% Expected: -1.6% Previous: -3.1% https://www.dailyfx.com/economic-calendar#2020-08-14
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

2013-01-07 11:14:00
Benjamin Spier, Technical Strategist
Share:

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

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.