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.

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
Oil - US Crude
Bullish
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
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/JTw3w7KYXP
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.10% 🇪🇺EUR: -0.15% 🇯🇵JPY: -0.18% 🇬🇧GBP: -0.39% 🇳🇿NZD: -0.56% 🇦🇺AUD: -0.69% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/a8XYJHybtN
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: -0.05% Oil - US Crude: -0.25% Gold: -0.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/C66zBofenc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.72%, while traders in France 40 are at opposite extremes with 71.64%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/6QmJTzlrho
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/1mnOXUuBpt https://t.co/8PhqKCpyzf
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.03% France 40: 0.03% US 500: 0.02% FTSE 100: -0.06% Germany 30: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Mkxtacawl4
  • AUD declined into the weekend, wiping out earlier gains against USD #IronOre tumbled this week, with futures on #SGX down about 15%! -> 3-month low China is further cracking down on steel output to ebb pollution Iron ore is a key AU export to China, posing a risk #AUD $AUDUSD https://t.co/NSDM7Ln5sA
  • Further your forex knowledge and gain informed analyses from industry leaders with our free guides, available today. Download the Q3 guide:https://t.co/7G7pWntiyY https://t.co/gAlFxO9Fl4
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.11% Silver: -0.53% Gold: -0.95% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qTX1rsmxSM
  • Mexico’s second quarter GDP grows 1.5% q/q and 19.7% y/y, slightly below market expectations. Get your $USDMXN market update from @DColmanFX here:https://t.co/s3i0GDWXpr https://t.co/CD7aQhOG19
Elections Stalemate Creates Uncertainty in the Italian Bond Market

Elections Stalemate Creates Uncertainty in the Italian Bond Market

Benjamin Spier, Technical Strategist

Italian politics is locked up in the stalemate resulting from the elections which ended yesterday, and market action seems to be reflecting voters’ uncertainty.

The yields on Italian 6-month bills sold in an auction today rose to 1.237%, up from 0.731% in an auction at the end of January. In the secondary market, Italian 10-year bond yields are trading 26.7 bps higher at the time of this writing, at 4.75%.

In Italy, none of the coalitions obtained a majority in the upper house and lower house needed to form a government. Center-right politician Berlusconi said today that while he rules out an alliance with current PM Monti, he is considering the idea of forming a coalition with the center-left. The center-right parties campaigned on the platform of undoing recent austerity measures and reform. Should the next government uptake some of the right’s anti-austerity agendas, it would probably be perceived by the Forex markets as Euro negative.

The Euro fell back below 1.3100 against the US Dollar yesterday as the exit polls and election results were released. Support may continue to be provided by the key 1.300 figure, which is also near a two month low. Resistance may be seen around 1.3200, by the 76.4% Fibonacci retracement of the rally from January 10 to the February high.

The Yen rose to a 3-week high against the US Dollar yesterday shortly after setting a new 2-year low near 95.00. There was no fundamental reason from Japan for the sudden USD/JPY decline, rather the drop accompanied a selloff in US equity markets.

USD/JPY continues to trade around 92.00 at the time of this writing, and opposition DPJ Party's Ryu said today that he supports Kuroda as next BoJ governor. It was reported today that the government will announce the BoJ nominee to the parliament this Thursday.

There was no important economic release in today’s European session, but BoE Governor King said today that the Pound reflects the need to rebalance the UK Economy. King also said that the inflation target is not an impediment to recovery. There was no significant Forex reaction to the comments.

EURUSD Daily: February 26, 2013

Elections_Stalemate_Creates_Uncertainty_in_the_Italian_Bond_Market_body_eurusd_daily_chart.png, Elections Stalemate Creates Uncertainty in the Italian Bond Market

Chart created by Benjamin Spier using Marketscope 2.0

--- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

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

DISCLOSURES