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
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.41% France 40: 0.99% FTSE 100: 0.54% Wall Street: -0.06% US 500: -0.18% View the performance of all markets via
  • Heads Up:🇧🇷 BCB Copom Meeting Minutes due at 11:00 GMT (15min)
  • Defensive stocks have proven critically important when navigating stock market volatility. Find out what are the most defensive stocks here:
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here:
  • Italian PM Conte confirms to cabinet that he is resigning - government source
  • BoJ's Kuroda says monetary policy does have some limits in trying to achieve inflation target $JPY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 66.22%. See the summary chart below and full details and charts on DailyFX:
  • Yen, Dollar May Extend Rise as Stocks Fall After China Drains Liquidity - #Dollar #jpy #China #PBOC
  • What is your forex trading style? Take the quiz and find out:
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Silver: 0.13% Gold: 0.05% Oil - US Crude: -0.36% View the performance of all markets via
Euro Worst Performer Past 24-hours after Fed, Weakening Euro-Zone CPI

Euro Worst Performer Past 24-hours after Fed, Weakening Euro-Zone CPI

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- The European currencies remain marginally weaker against USD post-FOMC.

- Light calendar for both Euro, Pound offer little for data-driven reversals.

- Euro-Zone Unemployment Rate back at all-time high.

To keep up with the European data and news as the week goes forward, be sure to sign up for my distribution list.

Intraday Price Perspective

Euro_Worst_Performer_Past_24-hours_after_Fed_Weakening_Euro-Zone_CPI_body_x0000_i1029.png, Euro Worst Performer Past 24-hours after Fed, Weakening Euro-Zone CPI

Approaching the midway point of the European trading session, the European currencies have remained out of favor in the wake of the Fed’s policy decision. While QE3 was kept on hold, the tone of the report wasn’t as dovish as the market may have anticipated, which has led to a modest USD-positive reaction the past 24-hours.

In fact, a look at the Strong/Weak app shows that the EURUSD has been the worst performing currency pair over the past rolling 24-hour period (D1), with the m15, H1, and H4 timeframes indicating that weakness continues to persist. The recent Euro-Zone inflation and labor market data have helped accelerate Euro selling in the near-term.


EURUSD H1 Chart: October 6 to Present

Euro_Worst_Performer_Past_24-hours_after_Fed_Weakening_Euro-Zone_CPI_body_x0000_i1030.png, Euro Worst Performer Past 24-hours after Fed, Weakening Euro-Zone CPI

Want to automate your trading or trade baskets of currencies? Try Mirror Trader.

The EURUSD lost support near 1.3740 yesterday after the Fed meeting, and the subsequent rebounds in price as seen on the H1 chart and lower timeframes show former support turning resistance. For now, a top near 1.3830 may have developed.

Price has traded through the 38.2% retracement from the October 16 to 25 high/low range at 1.3694, though near-term support comes in at 1.3652 (50% retracement). 1.3650/7000 contained the EURUSD from October 17 to 22, and a breach below this range would suggest a more considerable selloff is gathering pace.

Here's a look at the data out of Europe this morning that's influencing price action:


Euro_Worst_Performer_Past_24-hours_after_Fed_Weakening_Euro-Zone_CPI_body_Picture_1.png, Euro Worst Performer Past 24-hours after Fed, Weakening Euro-Zone CPI

The past week has been characterized by a light flow of data out of the Euro-Zone, and while that continues today, there are a few “medium” or “high” importance events that are worth paying attention to. Earlier, September German Retail Sales missed expectations, but data leading up this release suggested that broad Euro-Zone growth may have slowed into the end of the 3Q’13, so the figures weren’t much of a surprise.

What was a surprise, contributing to the Euro’s continued weakness this morning, was the plunge in the regional inflation rate back to its November 2009 low, and the Euro-Zone Unemployment Rate returning to its all-time high in September.

The weak growth data arrived at the ideal time to take advantage of EUR-weakness, considering that the EURUSD had been the worst performing currency pair over the past 24-hours.

Read more: Europe’s Relative Calm Boosting Interest in the Euro


Euro_Worst_Performer_Past_24-hours_after_Fed_Weakening_Euro-Zone_CPI_body_x0000_i1028.png, Euro Worst Performer Past 24-hours after Fed, Weakening Euro-Zone CPI

British economic data was light today, as it’s been the psat several days, although the downtick in the GfK Consumer Confidence Survey for October is unwelcomed. It is important to consider that the German GfK Consumer Confidence Survey for October, released today as well, showed a small downtick.

Both of Western Europe’s growth engines, especially in 2013 – Germany and the United Kingdom – are showing signs that the October US fiscal fight may have been more damaging to global confidence than initially suspected.

Read more: UK Growth Rate Accelerating but GBP/USD Profit Taking May Begin


There is no data on the Swiss Franc economic calendar for Thursday, October 31, 2013.

Read more: US Dollar: Next Leg of Collapse Rests in FOMC’s Hands

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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