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
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
USD/JPY
Mixed
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • The Australian Dollar and New Zealand Dollar tend to rise with stocks. They have recently fallen despite gains in the #SP500. What does this mean for $AUDUSD and $NZDUSD ahead? #AUD #NZD #RBA #RBNZ - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/01/17/AUDUSD-NZDUSD-Outlook-Looks-Past-Stocks-to-Rate-Cut-Bets.html?CHID=9&QPID=917702 https://t.co/ddf2fV7Kyl
  • A few snippets from today's commentary. Check out the link below for the full story (via @DailyFX). https://t.co/I31tuq764r https://t.co/x0BaiOFA1P
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/e2YrN3dBrl
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.00%, while traders in France 40 are at opposite extremes with 79.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UL7hqSD2Ki
  • US Dollar Forecast: $USD Lacking Impetus Ahead of Consumer Sentiment #Forex traders shift focus away from US-China trade deal headlines - perhaps toward the monthly release of #ConsumerSentiment data for volatility and clues on the Greenback's next move https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/01/16/us-dollar-forecast-usd-lacking-impetus-ahead-of-consumer-sentiment.html
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.11% 🇦🇺AUD: -0.02% 🇯🇵JPY: -0.03% 🇨🇭CHF: -0.05% 🇬🇧GBP: -0.06% 🇨🇦CAD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Kxcb9EtIWb
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.45% France 40: 0.26% Wall Street: 0.07% US 500: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/I5YIsKQAog
  • 🇯🇵 JPY Tertiary Industry Index (MoM) (NOV), Actual: 1.3% Expected: 1.0% Previous: -5.2% https://www.dailyfx.com/economic-calendar#2020-01-17
  • The $JPY has weakened as a bounce-back in risk appetite saps haven-asset demand. However, the old uptrend line still provides clear resistance. Get your market update from @DavidCottleFX HERE:https://t.co/IMhgQ9jbF9 https://t.co/I7087olftk
  • Heads Up:🇯🇵 JPY Tertiary Industry Index (MoM) (NOV) due at 04:30 GMT (15min), Actual: N/A Expected: 1.0% Previous: -4.6% https://www.dailyfx.com/economic-calendar#2020-01-17
European Economic Confidence Weakens in May

European Economic Confidence Weakens in May

2010-05-31 10:32:00
Michael Wright, Currency Analyst
Share:

fxheadliens05.31


Fundamental Headlines

• Greek Minister Defends Steps  – Wall Street Journal
Euro-Zone Inflation Picks Up  – Wall Street Journal
• Economic Woes Bring Russia and Europe Closer  - Financial Times
• European May Economic Confidence Unexpectedly Slips, Inflation Accelerates - Bloomberg
• Trichet Says Emerging Nations Are a Source of Strength for World Economy - Bloomberg



EUR/USD – European loans to companies and households in April posted their first annual advancement in eight months, with figures showing a 0.1 percent rise from a year earlier after falling 0.2 percent in March. At the same time, another report showed that the M3 money supply, a gauge of future inflation used by the ECB tumbled an annualized 0.1 percent amid expectations of 0.3 percent as the bloc’s sovereign debt crisis continues to undermine its recovery from the worst recession since the second world war. Meanwhile, economic confidence in the 16-member euro area unexpectedly worsened in May as the region struggles to gather strength after Greece budget crisis forced governments to step up spending cuts to reduce deficits. Figures showed that confidence slip to 98.4 in May from 100.6 the previous month, marking the second time that the reading has weakened in the past five months, while services declined to 3 from a upward revision of 6 in the same time period. Nonetheless, across the news wire overnight, central bank president Jean-Claude Trichet did not comment on the recent Fitch downgrade of Spain’s long-term foreign and local  currency issuer default ratings (IDR) to “AA+” from “AAA.”The downgrade comes to no surprise as the rating agency anticipates that the economic adjustment process will be more difficult and prolonged for economies with AAA rated sovereign governments.  To discuss this and other topics, please visit the EUR/USD forum.


Written by Michael Wright, Currency Analyst
To Receive Future Articles by Email, please contact me at instructor@dailyfx.com
Michael Wright is the author of FX Headlines, Fundamentals vs. Technical’s, Weekly Spotlight, and
Forex Trading Weekly

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

DISCLOSURES

News & Analysis at your fingertips.