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
Bullish
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
Bullish
Gold
Mixed
GBP/USD
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
USD/JPY
Bearish
More View more
Real Time News
  • Forex trading, which is the act of exchanging fiat currencies, is thought to be centuries old – dating back to the Babylonian period. Learn about the history of Forex here:https://t.co/ePTJlbUP7c https://t.co/fA7G42tGcH
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here: https://t.co/DmhBkd4B0k https://t.co/8cM3NQIvom
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here: https://t.co/NpC1D8y4Aa https://t.co/tEpCHQDoVW
  • A punny excerpt: “Already the exchanges between Mr. Barnier and his counterpart David Frost, have – apropos to his name – sent a chilling message about bilateral trade talks”. https://t.co/OkFCvUZs2H
  • #BritishPound May Fall on #Virus-Hit GDP Data, #Brexit Stalemate ⬇️ https://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2020/08/08/British-Pound-May-Fall-on-Virus-Hit-GDP-Data-Brexit-Stalemate.html
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/td5WA4hCZC https://t.co/BuFKivwj2h
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here: https://t.co/lIJdiz4xSz https://t.co/QXaLbmFSjd
  • The anti-risk Japanese #Yen may rise versus currencies like the $AUD and $NZD on US-China tensions and fiscal stimulus woes which sank the Nasdaq 100 at the end of last week. Get your #currencies update from @ddubrovskyFX here: https://t.co/Kw0fYCHEcw https://t.co/jiQBPpzat3
  • The #Dollar is down than 3% year-to-date with the index responding to trend support at multi-year lows. Here are the levels that matter on the $DXY weekly technical chart. Get your #currencies update from @MBForex here: https://t.co/MVnF5VDoeN https://t.co/TP2k8u9sXN
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here:https://t.co/Fkzk88Y5gm https://t.co/ioGWvplvt7
Forex News: Greek PM Samaras Says Things Will Get Better

Forex News: Greek PM Samaras Says Things Will Get Better

2013-01-08 10:20:00
Benjamin Spier, Technical Strategist
Share:

Today, the European Stability Mechanism fund will sell its first bonds since the bailout fund was established, and the Japanese government has committed to being one of the buyers. Finance Minister Aso said the foreign exchange reserves will be used to buy some of the 2 billion Euros of 91-day bills set to go on sale in the early afternoon. The news gave Euro a boost in the overnight session, following yesterday’s climb back above 1.3100 against the US Dollar.

Today’s European session has seen EURUSD range between 1.3100 and 1.3125, as there has yet to be any significantly market moving news. Resistance could be provided by 1.3158, which has provided some resistance over the past few months, and support could be provided at the key 1.3000 level.

German exports were reported to have fallen 3.4% on continued weak European demand. Switzerland announced its unemployment rate at 3.3% as expected, and Italy reported a slightly better than expected 11.1% unemployment rate for November.

Greek Prime Minister Samaras will be meeting with German Chancellor Merkel in Berlin today ahead of the next tranche of Greece aid payment. Samaras said that things will get better and that Greece is delivering. Both Samaras and Merkel are also speaking at a conference in Berlin today.

In France, Finance Minister Moscovici said that 2013 will be difficult for the world economy, and he said that he heard concerns from China about the Euro debt crisis. However, he said that France maintains a goal of cutting deficit to 3% of GDP, and he is confident in the French and Euro-zone economy. Moscovici’s comments had no significant effect on price action.

Turning to Asia, S&P said that hurdles stand in the way of Japanese reflation, and that actions thus far haven’t been enough to stop deflation. In China, PBOC Adviser Yulu said that Chinese GDP growth will exceed 8% in 2013 and inflation won’t be a problem.

Looking ahead, Euro-zone consumer confidence will be released at 10:00 GMT, and German factory orders will be released at 11:00 GMT.

EURUSD Daily: January 8, 2013

Greek_PM_Samaras_Says_Things_Will_Get_Better_body_eurusd_daily_chart.png, Forex News: Greek PM Samaras Says Things Will Get Better

--- 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.