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
EUR/USD
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
Oil - US Crude
Bullish
Wall Street
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
Gold
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
GBP/USD
Bullish
USD/JPY
Bearish
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
  • Heads Up:🇷🇺 CBR Press Conference due at 12:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-18
  • US will ban people from downloading TikTok and We Chat from the 20th of September
  • 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/7eR2z8LA3V
  • Libya's Haftar says the army has decided to resume output of oil #OOTT
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.24%, while traders in NZD/USD are at opposite extremes with 67.30%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/KhSpML2e1A
  • 🇷🇺 Interest Rate Decision Actual: 4.25% Expected: 4.25% Previous: 4.25% https://www.dailyfx.com/economic-calendar#2020-09-18
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: 0.51% Silver: 0.47% Oil - US Crude: 0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/neu57eYQAY
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.44% 🇯🇵JPY: 0.43% 🇬🇧GBP: 0.15% 🇨🇭CHF: -0.01% 🇪🇺EUR: -0.03% 🇦🇺AUD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/H9AOMIjOnG
  • Heads Up:🇷🇺 Interest Rate Decision due at 10:30 GMT (15min) Expected: 4.25% Previous: 4.25% https://www.dailyfx.com/economic-calendar#2020-09-18
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/UalZ8cRSXB https://t.co/0sMIVrdslY
France and Spain Predict Improved GDP Performance in Q2

France and Spain Predict Improved GDP Performance in Q2

2013-07-23 09:28:00
Benjamin Spier, Technical Strategist
Share:

EUROPEAN SESSION UPDATE: ECB’s Draghi only predicts a return to growth by the end of the year; US Dollar sheds earlier weakness

Statements released by officials in two of the Euro-zone’s bigger economies predicted improvements in GDP performance. France Finance Minister Moscovici said today that the second quarter is likely to have seen French economic growth, while the Bank of Spain predicted that Spanish GDP shrank 0.1% in Q2. In Q1, we saw a 0.2% decline in French GDP and a 0.5% decline in Spanish GDP.

Euro-zone GDP contracted 0.2% in Q1 of this year, and ECB President Draghi predicted the region will return to growth by the end of the year. Spain and France make up about 30% of the Euro-zone’s economy. The Bank of Spain said strong exports drove the moderations of the recession.

Despite the optimistic comments, the Euro is trading slightly lower against the US Dollar in today’s session at the time of this writing. The US Dollar shed earlier weakness halfway through the European trading hours. EUR/USD is currently sitting around 1.3175, and the pair may continue to see resistance by a horizontal line near 1.3180. Support may be provided by the key 1.3000 level.

There were few releases of significance during the European session. Euro-zone consumer confidence will be released at the beginning of the North American session, -18.3 is expected. France business confidence slightly beat expectations at 95, according to today’s release.

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

EURUSD Daily: July 23, 2013

France_and_Spain_Predict_Improved_GDP_Performance_in_Q2_body_eurusd_daily_chart.png, France and Spain Predict Improved GDP Performance in Q2

Chart created by Benjamin Spier using Marketscope 2.0

(How does a Currency War affect your FX trading? Take our free course to find out!)

-- 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