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
  • Dow Jones, Russell 2000 Aiming Higher on Accommodative Fed, Fiscal Stimulus - $RTY $YM $DJIA
  • Heads Up:🇫🇷 Consumer Confidence (FEB) due at 07:45 GMT (15min) Expected: 92 Previous: 92
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • 🇩🇪 GfK Consumer Confidence (MAR) Actual: -12.9 Expected: -14.3 Previous: -15.5
  • Heads Up:🇩🇪 GfK Consumer Confidence (MAR) due at 07:00 GMT (15min) Expected: -14.3 Previous: -15.6
  • Euro’s forecast this quarter? Get your free forecast here: #DailyFXGuides
  • (India Update) Indian Rupee, Nifty 50 Outlook: RBI Rate Hike Bets Creeping With CPI Estimates #Rupee #Nifty50 #RBI $USDINR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.94%, while traders in Wall Street are at opposite extremes with 80.44%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.16% 🇪🇺EUR: 0.09% 🇨🇦CAD: 0.08% 🇦🇺AUD: 0.03% 🇯🇵JPY: -0.05% 🇳🇿NZD: -0.06% View the performance of all markets via
  • 🇯🇵 Leading Economic Index Final (DEC) Actual: 95.3 Expected: 94.9 Previous: 96.1
Momentum Gathering Pace in EUR-crosses - Watch EUR/USD 5-EMA

Momentum Gathering Pace in EUR-crosses - Watch EUR/USD 5-EMA

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD at fresh yearly lows as daily 5-EMA guides price.

- EURGBP trades below July 2012 low of 0.7750.

- See the DailyFX Economic Calendar for Wednesday, January 14, 2015.

Will the US consumption figures derail EURUSD's month-long ride along its daily 5-EMA and the US Dollar more broadly? Given overzealous long positioning in the futures market, it's quite possible that the data today, if skewed to the downside, could be the straw that breaks the camel's back - and precipitates the beginning of a covering move in USD-pairs.

Considered to be a decisive month for the retail sector, the December US Advance Retail Sales report will be closely watched by investors looking to gauge consumer behavior - especially at a time when the veracity of the US growth picture coming into 2015 has come under question.

Previously strong at +0.7% m/m, analysts are expecting sales to decrease by -0.1%. Given December’s high level of consumer confidence, there may be a disconnect amid concern that holiday spending was lackluster. Typically one of the more market moving economic data releases, this may be the most important data release this week

See the above video for technical considerations in EURUSD, GBPUSD, and EURGBP.

Read more: Moves in EUR/GBP, EUR/USD Coming; GBP/CAD, NZD/USD Next

--- 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.