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
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
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • The Japanese Yen is eyeing the upcoming Bank of Japan rate decision and CPI figures, but JPY crosses will likely remain dependent on broader market sentiment. Get your weekly $JPY forecast from @FxWestwater here:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets group. Get your market update from @FxWestwater here:
  • RT @michaeljburry: Read thread.
  • The Australian Dollar has retraced from August lows when looking at AUD/JPY and AUD/CAD. However, the AUD/NZD downtrend is intact, will a reversal there appear as well? Find out:
  • The S&P 500, Dow Jones and DAX 30 could be at risk of falling as retail traders continue increasing their upside exposure in these indices. What are the key technical levels to watch for? Find out from @ddubrovskyFX here:
  • The US Dollar continues to hold its ground against most ASEAN currencies as recent downtrends lose momentum. What is the road ahead for USD/SGD, USD/THB, USD/PHP and USD/IDR? Find out from @ddubrovskyFX here:
  • The Canadian Dollar has been caught in broad ranges against the Euro and the US Dollar, but can the upside bias in USD/CAD and EUR/CAD prolong? Find out here:
Upbeat ECB Risks Larger EUR/USD Advance- 1.1300 in Focus

Upbeat ECB Risks Larger EUR/USD Advance- 1.1300 in Focus

David Song, Shuyang Ren,

- European Central Bank (ECB) to Keep Rates on Hold, Preserve EUR 60B QE Program.

- Will ECB President Mario Draghi Continues Speak Out Against a ‘Taper Tantrum?’

For more updates, sign up for David's e-mail distribution list.

Trading the News: European Central Bank (ECB) Interest Rate Decision

The fresh batch of rhetoric coming out of the European Central Bank (ECB) may boost the appeal of the single-currency and spur a further advance in EUR/USD should the Governing Council adopt an improved outlook for the monetary union.

What’s Expected:


Click Here for the DailyFX Calendar

Why Is This Event Important:Data prints highlighting a stronger recovery in Europe may encourage the ECB to strike a more upbeat tone this time around, but the threat for a ‘taper tantrum’ in the euro-area may push Mr. Draghi to cast a dovish outlook for monetary policy as the central bank head pledges to carry out the easing cycle until at least September 2016.

Expectations: Bullish Argument/Scenario




Core Consumer Price Index (YoY) (MAY A)



M3 Money Supply (YoY) (APR)



Gross Domestic Product (YoY) (1Q A)



Faster price growth paired with the pickup in lending for small and medium-sized enterprises (SME) may prompt the Governing Council to soften its dovish tone, and the ECB hawks may look to halt the easing cycle ahead of schedule as the positive developments highlight an improved outlook for growth and inflation.

Risk: Bearish Argument/Scenario




Purchasing Manager Index- Composite (MAY P)



Trade Balance s.a. (MAR)



Retail Sales (MoM) (MAR)



Nevertheless, the ECB may retain a cautious outlook for the region amid waning demand from home and abroad, and President Draghi may largely preserve his pledge to fully implement the quantitative easing (QE) program in an effort to encourage a stronger recovery.

Join DailyFX on Demand for Coverage of the Entire ECB Rate Decision!

How To Trade This Event Risk(Video)

Bullish EUR Trade: ECB Softens Dovish Tone & Adopts Improved Outlook

  • Need green, five-minute candle following the policy announcement to consider a long EUR/USD trade.
  • If market reaction favors a bullish Euro trade, buy EUR/USD with two separate position.
  • Set stop at the near-by swing low/reasonable distance from cost; need at least 1:1 risk-to-reward.
  • Move stop to entry on remaining position once initial target is met, set reasonable limit.

Bearish EUR Trade: ECB Sticks to Easing Cycle & Talks Down ‘Taper Tantrum’

  • Need red, five-minute candle to favor a short EUR/USD trade.
  • Implement same strategy as the bullish euro trade, just in the opposite direction.

Read More:

Price & Time: Kiwi Nearing Key Pivot Zone

EUR/USD Rebound to Face ECB- GBP/USD Breaks Out Ahead of BoE

Potential Price Targets For The Release


EUR/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • EUR/USD may face a move into 1.1300 (78.6% retracement) on a close above 1.1120 (61.8% retracement), but the policy divergence should continue to cast a long-term bearish outlook for the pair as the ECB continues to embark on its easing cycle.
  • DailyFX Speculative Sentiment Index (SSI) shows the retail FX crowd has ramped up their net-short EUR/USD position during the first full-week of June as the ratio slips to -2.15.
  • Interim Resistance: 1.1180 (23.6% expansion) to 1.1210 (61.8% retracement)
  • Interim Support: 1.0850 (78.6% expansion) to 1.0870 (38.2% retracement)

Impact that the ECB rate decision has had on EUR/USD during the last meeting


Data Released



Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)

APR 2015

04/15/2015 11:45 & 12:30 GMT





April 2015 European Central Bank Interest Rate Decision


The European Central Bank (ECB) stuck to its current policy in April, and it seems as though the Governing Council will retain a wait-and-see approach over the coming months as President Mario Draghi sees the non-standard measures starting to have a positive impact on the Euro-Zone economy. Despite the positive data prints coming out of the region, Mr. Draghi pledged to fully implement the QE program through September 2016 in an effort to achieve its one and only mandate to achieve price stability. The initial market reaction to the announcement was limited, with EUR/USD fluctuating between 1.0600 and 1.0700 during the North American trade, and ending the day at 1.0684.

--- Written by David Song, Currency Analyst and Shuyang Ren

To contact David, e-mail Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

Trade Alongsidethe DailyFX Team on DailyFX on Demand

Looking to use the DailyFX Trade Signals LIVE? Check out Mirror Trader.

New to FX? Watch this Video

Join us to discuss the outlook for the major currencies on the DailyFXForums

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