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.

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
EUR/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
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
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.82% Silver: 0.65% Oil - US Crude: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/KVfIXfvjtM
  • Gold breaks out of the range-bound price action from earlier this week as the 10-Year US Treasury yield slips to a fresh monthly low (1.53%). Get your $XAUUSD market update from @DavidJSong here:https://t.co/QlflNxQb8o https://t.co/cMYBlVaH5X
  • Bank of America sets bond sale at $15 billion, new record issuance for a bank - BBG $BAC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.51%, while traders in Germany 30 are at opposite extremes with 80.34%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Rt3UaXS0iz
  • CI Global Asset Mgmt to launch world's first Ethereum ETF - BBG $ETH
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.28% US 500: 0.16% France 40: 0.08% FTSE 100: 0.08% Germany 30: 0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/GMkjgMV7IS
  • US Indices are mixed today. The S&P 500 and Dow are up while Tech and Small Caps are trading slightly in the red. DOW +0.28% SPX +0.17% NDX -0.12% RUT -0.13% $DIA $SPY $QQQ $IWM
  • The US 10yr Treasury yield has slightly risen from the one month low hit yesterday around 1.53% to currently trade around 1.57%. Yields remain depressed compared to their levels from late March/early April. $USD https://t.co/uJJHXPaOhm
  • Retail CFD traders (at IG) have built up their heaviest short and net short position on the $SPX since we hit the peak at the beginning of September: https://www.dailyfx.com/sentiment https://t.co/IGK0KKRwwB
  • Hey traders! Wrap up the week with a quick market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/qLtlinTzj8
Yen and Aussie Again Steal Show During the European Session, But the Other Way

Yen and Aussie Again Steal Show During the European Session, But the Other Way

Benjamin Spier, Technical Strategist

EUROPEAN SESSION UPDATE: The Euro showed little reaction to the better than expected industrial production; BoJ expects a return to moderate recovery…

It’s been another European session with low effect economic releases and small moves in the Pound and Euro. Instead, the biggest moves were once again seen by the Aussie and Yen, but this time the Yen was declining following recent weakness, while the Aussie switched directions and has been rising in today’s Forex markets.

In economic releases, Euro-zone industrial production rose 0.4% in April, beating expectations for production to remain unchanged. However, the release did little to help single currency trading. In Germany, annual inflation was confirmed at 1.5% for May. In the UK, the jobless claimant count declined for the seventh consecutive month, but only gave a temporary bounce to the Pound.

Bank of England’s Fisher said today that it is not really the central bank’s job to fund lending, referring to the BoE’s Funding for Lending Scheme. However, he conceded that FLS has lowered funding costs. Meanwhile the BoJ released a monthly economic report today saying that it expects a return to moderate recovery in the Japanese economy.

The Euro is trading slightly below 1.3300 against the US Dollar at the time of this writing, and the pair has seen resistance in the past around 1.3400. Support might be provided by a broken resistance line around 1.3200.

(Did you understand all the terms used in today’s report? If so, test your skills with DailyFX’s Trading IQ Quiz.)

EURUSD Daily: June 12, 2013

Yen_and_Aussie_Again_Steal_Show_the_During_European_Session_But_the_Other_Way_body_eurusd_daily_chart.png, Yen and Aussie Again Steal Show During the European Session, But the Other WayYen_and_Aussie_Again_Steal_Show_the_During_European_Session_But_the_Other_Way_body_eurusd_daily_chart_1.png, Yen and Aussie Again Steal Show During the European Session, But the Other Way

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