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
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
Wall Street
More View more
Real Time News
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: US 500: -0.13% Wall Street: -0.16% FTSE 100: -0.25% France 40: -0.47% Germany 30: -0.49% View the performance of all markets via
  • 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:
  • Heads Up:🇬🇧 BoE Gov Bailey Speech due at 09:25 GMT (15min)
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT to learn about how you can become a better trader. Register here:
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • Heads Up:🇬🇧 BoE Haldane Speech due at 08:30 GMT (15min)
  • Gold Price Rise May Struggle to Continue as the US Dollar Rebounds - #XAUUSD #gold
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.70%, while traders in EUR/USD are at opposite extremes with 72.85%. See the summary chart below and full details and charts on DailyFX:
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.14% Gold: -0.27% Silver: -0.45% View the performance of all markets via
Next EUR/USD Leg Lower Begins; Trade Opportunities in EUR/AUD, EUR/GBP

Next EUR/USD Leg Lower Begins; Trade Opportunities in EUR/AUD, EUR/GBP

2014-09-30 11:40:00
Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD cracks weekly low and tumbles below $1.2600.

- New EURGBP trade on the table.

- EURUSD has been on a major losing streak since mid-August.

Euro-Zone economic data came out roundly weaker than expected today, and the aftershocks have been felt throughout EUR-complex. The depth of impact stemming from the disappointing preliminary September Euro-Zone CPI may have to do with expectations for the core: +0.9% y/y was expected when +0.7% y/y was delivered. The scope of disinflation widens.

Over the next few months, Euro-Zone CPI may start to bottom. For starters, if it takes three to nine months for changes in interest rates and exchange rates to impact an economy, then the EURUSD peak in early-May is a good watermark to look back at; the window for peak drag on CPI by FX is just about now.

We maintain the intraweek chart perspective on EURUSD as such: the daily 13-EMA is our trend resistance and a break above that level (wherever it may be that day) will mark a change in the nature of price action. We're also looking at short EURGBP based on H4 technicals and a longer-term long EURAUD trade. See the video above for technical considerations.

Read more: Technical Case for Weak EUR/USD Persists - Will Fundamentals Match?

--- Written by Christopher Vecchio, Currency Strategist

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.