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.



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
Oil - US Crude
Wall Street
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 non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • 🇬🇧 Unemployment Rate (NOV) Actual: 5% Expected: 5.1% Previous: 4.9%
  • 🇬🇧 Claimant Count Change (DEC) Actual: 7K Expected: 35K Previous: 64.3K
  • 🇬🇧 Average Earnings incl. Bonus (NOV) Actual: 3.6% Expected: 2.9% Previous: 2.8%
  • 🇬🇧 Average Earnings incl. Bonus (NOV) Actual: 3.6% Expected: 2.9% Previous: 2.7%
  • 🇬🇧 Average Earnings excl. Bonus (NOV) Actual: 3.6% Expected: 3.2% Previous: 2.8%
  • 🇬🇧 Claimant Count Change (DEC) Actual: 7.0K Expected: 35K Previous: 64.3K
  • 🇬🇧 Employment Change (OCT) Actual: -88K Expected: -100K Previous: -144K
  • 🇬🇧 Unemployment Rate (NOV) Actual: 5.0% Expected: 5.1% Previous: 4.9%
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
Pound and Euro Unphazed by a Significant European Session

Pound and Euro Unphazed by a Significant European Session

Benjamin Spier, Technical Strategist

EUROPEAN SESSION UPDATE: Neither of the two biggest European currencies reacted to the UK inflation release or the German ZEW surveys…

Want to trade with proprietary strategies developed by FXCM? Find out how here.

Today’s European session was filled with a couple of interesting economic releases giving us clearer looks at the Euro-zone and UK economies, but little Forex reaction was seeb to the renewed perspectives. The Euro is trading 0.02% higher against the US Dollar at the time of this writing, while the Pound is trading only 0.05% lower, despite releases of UK and German inflation and German ZEW surveys.

The ZEW surveys beat expectations at 18.3 and 42.0 for current situation and expectations respectively, but the Euro only rose a bit on the release. Furthermore, German inflation was confirmed at 1.9% in a final estimate for July.

Additionally, UK inflation was reported to have fallen back to 2.8% in July from the previous month’s yearly high. The lower inflation may allow the BoE to further delay raising the interest rate, but the release was as-expected and erased earlier losses in GBP/USD.

Finally, the spread between the safer German 10-year bond yield and the risk-correlated Spanish and Italian benchmark yields narrowed to the least amount in about two years. The decline in yield spreads may signify a rise in investor confidence regarding the Euro-zone economy.

The Euro is currently trading just short of 1.3300 against the US Dollar, and EUR/USD may next see resistance by a five month high of 1.3416. Support may be provided by a broken resistance line around 1.3250.

New to Forex? Watch this video

EURUSD Daily: August 13, 2013

Pound_and_Euro_Unphazed_by_a_Significant_European_Session_body_eurusd_daily_chart.png, Pound and Euro Unphazed by a Significant European Session

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.