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.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Bullish
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
Bitcoin
Mixed
More View more
Real Time News
  • The politics of the US and UK may be starkly divided but their grip on the vast, $6.6 trillion global foreign exchange trade seems as tight as ever. Get your market update from @DavidCottleFX here:https://t.co/xTKHOvrIqg https://t.co/z7ogzy00dy
  • What are the Market cycles? How are #currencies impacted in these cycles? How can these cycles impact #forextrading patterns? Find out here: https://t.co/ckr2fUOWqW https://t.co/g7iT8bpi7f
  • What are a few of the common trading mistakes made by traders? Find out from @WVenketas here: https://t.co/d3OFc4yGao #tradingstyle https://t.co/wQ1MAkOb0n
  • The UK population voted the Conservative government back in with a strong majority, giving PM Johnson the backing to push Brexit through. And Sterling (GBP) likes it. Get you $GBPUSD market update from @nickcawley1 here: https://t.co/tjCHWDxoWm https://t.co/Z7Vaadxy5r
  • #Gold prices may fall while the US Dollar gains even as economic policies championed by the Trump administration invite inflation. Get your $gld markets news from @IlyaSpivak here:https://t.co/4lHhHsby56 https://t.co/zF4EyLIRWM
  • Lessons from Bretton Woods are forgotten, the US-China #tradewar represents a true existential threat to the post-World War II international trade order, and in turn, the globalized economy that has grown out of the ashes of history. More from @CVecchioFX :https://t.co/paaBxX6Xt0 https://t.co/tcjkQnaBWl
  • What are the truths and myths of #forex trading? Find out from @DailyFX analysts here: https://t.co/uF75VPzstr #FOMOintrading https://t.co/bDXG2dV3wG
  • The US Dollar technical outlook against the Euro, British Pound, Australian Dollar and New Zealand Dollar are discussed. Large wicks left signs of indecision, will reversals follow? $EURUSD $GBPUSD $AUDUSD $NZDUSD - https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2019/12/15/US-Dollar-Technical-Outlook-EURUSD-GBPUSD-AUDUSD-NZDUSD.html?CHID=9&QPID=917702 https://t.co/dpuIppxo3F
  • What are some trading mistakes @nickcawley1 made during his career and what did he learn from them? Find out: https://t.co/y3cckNW22W https://t.co/vUQyVl6b0e
  • Growth linked currencies have gained as investors hope for progress on the trade front as well as stimulus from the Fed. The global economy however remains depressed and seems likely to remain so. Get your market update from @DavidCottleFX here: https://t.co/jt1HH9AHLM https://t.co/Yz65AMJYlm
Expansion In Europe’s’ Manufacturing and Service sectors overshadowed By Portugal Debt Downgrade

Expansion In Europe’s’ Manufacturing and Service sectors overshadowed By Portugal Debt Downgrade

2010-03-24 12:17:00
John Rivera, Currency Analyst
Share:

FX3.24
 

Fundamental Headlines

• Fitch Downgrades Portugal's Debt – Wall Street Journal
• Greece Compromise in the Works – Wall Street Journal
• Global derivatives disclosure to rise - Financial Times
Euro Weakens on Greece Debt Concern, Portugal Downgrade; Commodities Drop - Bloomberg
• Covered Bonds Rise Most Since '06 Signaling Europe Rebound: Credit Markets - Bloomberg


EUR/USD– 
The manufacturing and service sectors in the Euro-zone expanded at the fastest pace in 2 ½ years according to the PMI survey which rose to 55.5 from 53.7. The reading surpassed estimates from economists of 53.8 as manufacturing output surprisingly improved to 56.3 from 54.2. The global recovery has fueled demand from abroad on the back of strong domestic growth in emerging markets. A better than expected print in the service sector of 53.7 against forecasts of 52.0 signals that Europeans are starting to open their wallets. A return of domestic growth would be the key to a sustainable recovery and signs of it has brighten the outlook for growth. Indeed, German business confidence jumped to 98.1 from 95.2 to post its highest reading since June, 2008. However, optimism may wane as the credit issues in the region continue to grow. Fitch ratings downgraded Portugal as Germany and France promote that Greece look to the IMF to solve its issues. The lack of a European led solution could cast doubt on the solidarity in the region, and continues to weigh on the euro.  To discuss this and other topics, please visit the EUR/USD forum.
 

 

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

DISCLOSURES

News & Analysis at your fingertips.