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
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Germany will not be able to stick to debts limits in constitution for years - Handelsblatt
  • The FTSE 100 has extended its pullback from trendline resistance (stemming from the 2009 low) with the index shedding 0.6% for the week. Get your #FTSE market update from @JMcQueenFX here:https://t.co/ZH3mu1MlEx https://t.co/NHPRYQIVDB
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Gold: -0.01% Oil - US Crude: -0.02% Silver: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ra1oz2gMJz
  • WTI Crude futures settle up 0.96%, at $52.77 - BBG
  • I'm not usually big with head and shoulders patterns but there are conflicting signals in $USD atm. 1st chart here is on h4 and it's a h&s with neckline ~ 90. 2nd chart is on h8, and its an inverse h&s with neckline ~ 91. Given calendar, a break this week can def happen. https://t.co/EuuD7kFDVP
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 66.31%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/lXqkGmTKFc
  • Today was the 'quiet' session of the week with only a few high profile indicators on tap. The high profile fundamental themes start up in earnest tomorrow (including the IMF's WEO). We will see how speculative charge for the likes of GME competes with global growth forecasts
  • US Dollar Head and Shoulders Pattern, Focus on USD/CAD, NZD/USD https://www.dailyfx.com/forex/analyst_picks/todays_picks/james_stanley/2021/01/25/US-Dollar-USD-Head-and-Shoulders-Pattern-Focus-on-USDCAD-USD-CAD-NZDUSD-NZD-USD.html https://t.co/FzJjpcePv3
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.30% Germany 30: 0.29% France 40: 0.27% US 500: 0.17% Wall Street: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/iV9dAbK0YI
  • $AUDJPY fell to an intraday low around 79.77, hitting its lowest level since early last week. The pair has since rebounded to trade back above 80.00. $AUD $JPY https://t.co/hkWWiqvQGd
Oil Prices Slightly Lower Despite More Deadly Violence in Egypt

Oil Prices Slightly Lower Despite More Deadly Violence in Egypt

Benjamin Spier, Technical Strategist

EUROPEAN SESSION UPDATE: Euro-zone session was very quiet, as may be the rest of the trading day; Merkel ally expresses worries over Greece but rules out a second haircut…

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

When I began my day at the end of the Asian session, I incorrectly assumed that European markets were closed for a holiday, as there were no significant events listed on the DailyFX calendar during the European session. Although markets were not actually closed, expectations for little Forex movements during these quiet hours were not disappointed.

The New Zealand Dollar is showing the biggest run during today’s trading, up 0.52% against the US Dollar, and the Yen is down 0.13% against the greenback. The rest of the day may also be fairly quiet, based on the scheduled economic releases during the North American session, but US Dollar volatility may pickup later in the week.

The biggest story during the session, although one that did not significantly move Forex markets, was the report that 25 Egyptian cops were killed in Sinai in a terrorist attack. NYMEX Crude prices are down slightly on the day, but were not significantly affected by news of further Egyptian violence.

In Germany, a member of Merkel’s CDU party, Fuchs, said that Greece may need to be given more time, but will probably not need another haircut. Spanish bad bank loans ratio reached an all-time high of 11.61% in June, following 11.21% in May. Neither headline had a significant effect on Euro trading.

The Euro continues to trade above 1.33 against the US Dollar in today’s trading. A 6-month high at 1.3416 may provide resistance for EUR/USD and support may be provided by a broken resistance line around 1.3180.

New to Forex? Watch this video

EURUSD Daily: August 19, 2013

Oil_Prices_Only_Slightly_Lower_Despite_More_Deadly_Violence_in_Egypt_body_eurusd_daily_chart.png, Oil Prices Slightly Lower Despite More Deadly Violence in Egypt

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