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
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 Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX!
  • (Weekly Fundy) Crude Oil May Rise as Covid Case Growth Slows. WTI Eyes OPEC Outlook, Evergrande #CrudeOil #WTI #OPEC #Evergrande
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • We are heading into the final trading days for the month of September and event risk thins out amid the $SPX's rebound. This is what history says for the 39th week of the year and here is my take on the variable factors:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here:
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
EU Budget Talks Reach a Take It or Leave It Moment

EU Budget Talks Reach a Take It or Leave It Moment

Benjamin Spier, Technical Strategist

The discussions about the European Union budget for 2014 to 2020 continue for the second day at the EU summit. EU President Van Rompuy proposed a budget that includes 960 billion Euros of spending and 908.4 billion of payments. The 960 billion Euros of spending would be 12 billion less than the budget proposed at the November summit. Finnish Europe Minister Stubb tweeted from within the meeting that EU leaders are near a take it or leave it moment. The EU parliament has to approve any deal agreed upon by leaders at the summit.

An agreement on a new budget would probably be Euro positive as it would bring further stability to the region, but the exact reaction would depend on the contents of the budget deal.

Also in Europe, the German trade balance dropped to 12.0 billion Euros in December, which sent the Euro below 1.3400 against the US Dollar in Forex markets. However, those losses were quickly erased and EUR/USD is trading slightly higher in today’s session following yesterday’s Draghi spurred losses. Resistance might now be seen by the key 1.3500 line, and a broken resistance line around 1.3374 could provide support.

In Japan, a mix of late comments from different officials and the car company Nissan gave the Yen some strength in trading. BoJ Governor said the recent Yen weakness will support the economy and he expects a recovery in 2013. But Yen rallied about 100 points against the US Dollar following Nissan’s Forex forecast for fiscal year 2013. Nissan kept the forecast for Yen at 79.7 per US Dollar, thereby ignoring almost all of the tremendous fall from a September high against the US Dollar. The forecast seemed to cause a short squeeze which led to USD/JPY falling back below the 93.00 line.

The Yen gains were starting to unwind when Japan Finance Minister Aso said the pace of the Yen weakening has been to fast. His comments pushed USD/JPY right back down to 92.50, about where it is trading at the time of this writing.

EURUSD Daily: February 8, 2013

EU_Budget_Talks_Reach_a_Take_It_or_Leave_It_Moment_body_eurusd_daily_chart.png, EU Budget Talks Reach a Take It or Leave It Moment

Chart created by Benjamin Spier using Marketscope 2.0

--- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to .

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