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
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
More View more
Real Time News
  • #DidYouKnow the global trade volumes dropped by close to 10% amid the Great Recession. Want to know your #tradewars history? Get it here: https://t.co/f4loFVimeY https://t.co/dsm02kQo7T
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.72%, while traders in France 40 are at opposite extremes with 87.30%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/JPJaD7lqOJ
  • US Dollar ASEAN Ahead: IDR, MYR, Trade Talks, Bank of Indonesia #ASEAN #USD #tradewars - https://www.dailyfx.com/forex/fundamental/article/special_report/2019/11/18/US-Dollar-ASEAN-Ahead-IDR-MYR-Trade-Talks-Bank-of-Indonesia.html?CHID=9&QPID=917702 https://t.co/KdtdFBrePr
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.15% 🇪🇺EUR: 0.07% 🇨🇦CAD: 0.03% 🇯🇵JPY: -0.04% 🇳🇿NZD: -0.08% 🇦🇺AUD: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/uZlNJOzt15
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.04% Wall Street: -0.06% US 500: -0.06% France 40: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MxO1wOfF99
  • Over the past 30 days, #ARS, #COP and the #MXN have been the best performing Latin American currencies vs. USD with 6.91%, 1.04% and 0.99% total returns.
  • #KRW, #PHP and the #JPY are expected to be the most active Asian currencies vs #USD with 1-week implied volatilities at 6.75, 4.92 and 4.60 respectively
  • The #JapaneseYen has posted some rare gains against the #USDollar on its daily chart, but important channel support still holds on an intraday basis. Keep a close eye on it now. https://www.dailyfx.com/forex/technical/home/analysis/usd-jpy/2019/11/18/Japanese-Yen-Gains-But-USDJPY-Up-Channel-Remains-Key.html?utm_source=Twitter&utm_medium=Cottle&utm_campaign=twr #USDJPY, #AUDJPY, #JPY
  • RT @FactSet: The forward 12-month P/E ratio for $SPX is 17.5, which is above the 5-year average (16.6) and the 10-year average (14.9). http…
  • Overnight index swaps are pricing in an 34.2% probability of a RBNZ rate cut during its next meeting on 02/12/2020 #NZD
FX Headlines: Euro Gains as Summit Boosts Confidence

FX Headlines: Euro Gains as Summit Boosts Confidence

2011-03-14 12:45:00
Christopher Vecchio, CFA, Sr. Currency Strategist
FX_Headlines_Euro_Gains_as_Summit_Boosts_Confidence_body_Picture_10.png, FX Headlines: Euro Gains as Summit Boosts ConfidenceFX_Headlines_Euro_Gains_as_Summit_Boosts_Confidence_body_Picture_13.png, FX Headlines: Euro Gains as Summit Boosts ConfidenceFX_Headlines_Euro_Gains_as_Summit_Boosts_Confidence_body_Picture_16.png, FX Headlines: Euro Gains as Summit Boosts Confidence

Fundamental Headlines

Nikkei Plunges 6.2% After Deadly Quake - CNBC

Japan Adds $182 Billion to Economy, Doubles Asset Purchases - Bloomberg

Rebels Lose Ground in Libya - WSJ

Risky Loans Stage Comeback – Financial Times

Euro-zone Leaders Reach Deal on Key Reforms – Financial Times

EURJPY: The EUR/JPY pair gained in the overnight as details of the expanded bailout package for Europe’s most indebted nations were well-received by the markets. The summit, which propelled the Euro higher against all other major currencies, was aimed at widening the scope of the sovereign debt rescue fund and cutting the cost of loans to Greece. On the other side of the pair, the Yen was weighed down as the Bank of Japan said that it would inject 15 trillion Yen ($183 billion) to the financial system and increase the size of its asset-purchase program.

Taking a look at price action, key support looks to be in place at the 50-SMA at 111.772, which the pair has not closed below on the daily chart since January 17. Recent fundamental developments have painted a clear picture for the pair to test the 115.000 area, a level of significant psychological resistance. Currently, the EUR/JPY pair is sitting comfortably above its 76.4 Fibo retracement, on the August 23 to October 6 move.

Written by Christopher Vecchio, DailyFX Research.

To contact the author of this report, please send inquiries to: research@dailyfx.com


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


News & Analysis at your fingertips.