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
  • ARKK Innovation (ARKK), the EFT created by Cathie Wood that epitomizes disruptive growth investing, has trended downwards since Sept. 7 after failing to clear resistance in the 126.50 area. Get your market update from @DColmanFX here:
  • Speaking of monetary policy changes, the Brazilian central bank is due to announce its updated policies and the economist consensus is for a 100bp hike to 6.25%. Keep an eye on $USDBRL. Scenario with the most market-moving potential in my book would be a hold and USDBRL rally
  • The implied rate hikes from the Fed through the end of next year (Dec 2022 vs current Fed Fund futures contracts) jumped after today's FOMC report. Goes a long way towards explaining the $DXY Dollar jump here
  • Heads Up:🇧🇷 Interest Rate Decision due at 21:00 GMT (15min) Expected: 6.25% Previous: 5.25%
  • The corrective pullback still seems to be in play but the drop below 109.00 has been in the works for too long now, which is a sign of concern for bears. Get your $USDJPY market update from @HathornSabin here:
  • RT @jorgegl2502: esto es nuevo y es importante. es probable que USD empiece a caminar en alza.
  • ARKK Innovation- Hawkish Fed and Double Top Pattern Foreshadow Downside Move #trading #Fed $ARKK
  • 'Thank you chair Powell, now back to the real business - alts are up and running again'....#cardano #solana #ethereum @DailyFXTeam
  • Fed's Powell: - Fed is evaluating whether or not to launch a central bank digital currency - Fed has not made a decision on a CBDC yet
  • #Powell: Fed's tapering will be gradual $SPX $USD $XAUUSD
Forex News: Greek PM Samaras Says Things Will Get Better

Forex News: Greek PM Samaras Says Things Will Get Better

Benjamin Spier, Technical Strategist

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.