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. See our updated Privacy Policy here.



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
  • Protests in Colombia may continue to pressure the Peso, but surging commodity prices and a weaker Greenback could curb USD/COP gains. Get your market update here:
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.03% 🇬🇧GBP: -0.04% 🇨🇭CHF: -0.06% 🇳🇿NZD: -0.09% 🇦🇺AUD: -0.11% 🇨🇦CAD: -0.11% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.14%, while traders in EUR/USD are at opposite extremes with 72.29%. See the summary chart below and full details and charts on DailyFX:
  • 🇦🇺 Wage Price Index YoY (Q1) Actual: 1.5% Expected: 1.4% Previous: 1.4%
  • A fairly profound tweet thread from US Treasury Secretary Yellen, who calls for a reframing of US fiscal policy.
  • Heads Up:🇦🇺 Westpac Leading Index MoM (APR) due at 01:30 GMT (15min) Previous: 0.38%
  • Heads Up:🇦🇺 Wage Price Index YoY (Q1) due at 01:30 GMT (15min) Previous: 1.4%
  • S&P 500 Index Retreats as Energy Stocks Fall, Nikkei 225 and ASX 200 May Follow
  • Global stock markets may see turbulent volatility if darkening clouds over Washington’s relations with Beijing turn into a geopolitical storm. Which assets will be the lifeboat? Find out here:
  • The Japanese Yen may fall against its major peers, but there is room for a near-term climb that wouldn’t necessarily overturn a bearish technical bias. USD/JPY is eyeing support. Get your market update from @ddubrovskyFX here:
Next Leg Lower in EUR-crosses in Focus after Weaker CPI

Next Leg Lower in EUR-crosses in Focus after Weaker CPI

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD breaks below key $1.0800 support, now eyes $1.0612.

- EURGBP, EURJPY lose respective uptrends from March lows.

- See the March forex seasonality report for trends in the QE-era.

Short-term technicals are realigning with longer-term bearish inclinations across the EUR-complex. EURUSD's H4 MACD and Stochastic bearish crossovers have appeared alongside price losing its uptrend from the March 15, 19, and 27 lows, as well as the March 27 swing low. Likewise, EURGBP and EURJPY have moved below the significant swing lows put in late last week, signifying a broader resumption of the Euro downtrend.

While the is an atypical week - month-end and quarter-end rebalancing effects today, capital redeployment tomorrow and Thursday, and market holidays on Friday with alongside US Nonfarm Payrolls (which has only happened 11 times since 1980) - it's difficult to ignore the significance of prices across the EUR-spectrum realigning with their longer-term trends.

At a minimum, today's data helps the market refocus its view to the longer-term perspective that the ECB's QE program is a necessity, and that there is a growing divergence between prospective ECB and Fed monetary policies for the next 12-18 months. See the Euro weekly trading forecast "Euro Relief Rally May Hit Wall as Market Refocuses on EZ CPI, US NFPs" for a more in-depth outlook.

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

Read more: Top Events this Week Include EZ CPI, Canadian GDP, and US NFPs

--- 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.