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
More View more
Real Time News
  • Key break here in the 10-year #Treasury yield as it rises to the highest since late June Took out 1.4230 resistance, and the 100-day SMA Eyes now on the 38.2% Fib extension at 1.4775 Also potential falling resistance from March
  • The move in rates after this week’s FOMC has continued and the 10 year yield has pushed up to a fresh two-month-high. Get your market update from @JStanleyFX here:
  • S&P 500 contending with its proverbial ‘line in the sand’ as bulls and bears battle for directional control. How we close/trade around the 50-day moving average could serve as a noteworthy bellwether for risk trends headed into next week. I remain cautious below ~4,480. $SPX $ES
  • USD/JPY trades to a fresh monthly (110.57) amid the pickup in longer-dated US Treasury yields, and the exchange rate may stage a larger advance over the coming days. Get your market update from @DavidJSong here:
  • US yields continue to climb, with the 10-year Treasury yield trading above 1.45% $ZN $ZB
  • $USDJPY bull thesis appears quite constructive. Technicals show topside breakout above trend resistance following a period of consolidation. Bond yields providing the fundamental catalyst. Eyes on Aug/YTD highs. A broad-based deterioration in market sentiment poses downside risk.
  • WTI posting another session of strong gains, currently flirting with the 74 handle $CL #Oil #OOTT
  • The New Zealand Dollar’s bullish breakout attempt in early-September was rebuffed. Price action at the end of the month is telling a different story. Get your market update from @CVecchioFX here:
  • So much for that Evergrande recovery. Shares of the troubled Chinese property developer are down approximately -12% today following yesterday's impressive rally (biggest in a year)
  • Retail trading platform Robinhood announces hire of new Chief Compliance Officer amid regulatory scrutiny
Euro Nervously Eyes G20 Summit Outcome, Italy Budget Dispute

Euro Nervously Eyes G20 Summit Outcome, Italy Budget Dispute

Dimitri Zabelin, Analyst


  • EURUSD nervously watching Brussels’ budget dispute with Rome
  • G20 summit in Osaka Japan will likely be key event risk this week
  • EURUSD uptrend may be threatened by growing risks in Europe

See our free guide to learn how to use economic news in your trading strategy!

The economic docket in the US and Europe is broadly light, leaving the biggest event risk for the day concentrated on German IFO business data. Last week’s publication of the German ZEW survey severely underperformed and amplified the Euro’s fallwhich was initially triggered by dovish commentary from ECB President Mario Draghi.

The upcoming G20 summit in Osaka, Japan will likely be the major event risk for this week – and not just for the Euro. High-level talks between US President Donald Trump and his Chinese counterpart Xi Jinping will be a point of focus because of the implications it has on US-China trade relations. A sour outcome may push EURUSD lower and could reverse some of the pair’s recent gains if investors suddenly flock to the Dollar.

Despite showing signs of improvement, economic data out of Europe is continuing to disappoint investors. EURUSD traders may get nervous as they re-assess the fundamental outlook. A risk that continues to sap confidence in European markets is the ongoing budget dispute between Rome and Brussels.

Frustrated by the current state of negotiations and the possibility of incurring $4 billion penalty from the Excessive Deficit Procedure, Deputy Prime Minister Matteo Salvini threatened to resign and essentially collapse the current government. That is, unless he is permitted to push through a budgetary provision that allows for a 10 billion Euro tax cut.

The spread between Italian and German 10-year bond yields continues to reflect market participants’ disproportionately higher trepidation in lending to Rome over Berlin. Concerns about a Eurozone debt crisis are growing as the country comes increasingly closer to incurring a multi-billion Euro fine as a result of Italy’s budgetary ambitions that threaten the region’s financial system.


EURUSD broke through an 18-month descending resistance channel, largely as a result of US Dollar weakness caused by increasing rate cut expectations from the Fed. The pair fell just short of 1.1388 and may struggle to break past it. The path of least resistance suggests that the pair will either shy away or will briefly test the ceiling before capitulating.

Since April 2018, EURUSD remains down almost eight percent and the fundamental outlook suggests that if global economic conditions worsen, a premium will be put on liquidity and will push the US Dollar higher. At the same time, officials at the ECB are considering stimulative measures which may pressure the Euro and force it to resume its previous downtrend.


Chart Showing EURUSD


--- Written by Dimitri Zabelin, Jr Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

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