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
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
  • The Citi Economic Surprise Index tracking the US just turned negative for the first time since June 2020 This means economists are now overestimating the health and vigor of the economy, opening the door to disappointment ahead This does note bode well for NFPs next week...
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.00% 🇨🇭CHF: -0.04% 🇪🇺EUR: -0.05% 🇦🇺AUD: -0.09% 🇨🇦CAD: -0.13% 🇳🇿NZD: -0.15% View the performance of all markets via
  • Heads Up:🇸🇬 Unemployment Rate Prel (Q2) due at 02:30 GMT (15min) Previous: 2.9%
  • Amazon Earnings Cast a Shadow on Nasdaq 100. APAC Stocks to Open Mixed
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.22%, while traders in Wall Street are at opposite extremes with 77.28%. See the summary chart below and full details and charts on DailyFX:
  • Delta Variant accounts for 92% of new Covid cases in the US
  • Crude oil prices are trading largely unchanged following last week's rebound as the Delta variant of Covid and Chinese regulatory measures temper the near-term demand outlook. Get your market update from @FxWestwater here:
  • The British Pound could remain vulnerable against the US Dollar while perhaps looking to push higher against the Australian Dollar, Canadian Dollar and New Zealand Dollar.Get your market update from @ddubrovskyFX here:
  • Hang Seng Index Futures at Key Inflection Point, Top to Resume? - #HSI1! chart
  • Amazon Q2 Earnings: -EPS at $15.12, versus $12.28 estimate (23% higher) -Revenue at $113 billion, versus $115 billion estimate (1.7% lower) -Share price tumbled 7% during after-hours trade as the company reported a slight revenue miss and gave weak third-quarter guidance
Euro Falters As Greece Fails To Secure Extension, ECB To Wait On ESM

Euro Falters As Greece Fails To Secure Extension, ECB To Wait On ESM

David Song, Strategist

Talking Points

  • Euro: Greece Fails To Obtain Extension, ECB To Wait For German Ruling
  • British Pound: 2Q GDP Contracts 0.5%, RSI Falls Back Ahead Of Overbought

Euro: Greece Fails To Obtain Extension, ECB To Wait For German Ruling

The Euro slipped to 1.2497 as German Chancellor Angela Merkel said she will need to see the Troika report on Greece as the region seeks a two-year extension to meet its budget target, while the European Central Bank reiterated that it will wait for Germany’s high court to rule on the European Stability Mechanism before finalizing its bond purchase program. As Greece struggles to get its house in order, the threat of a euro-area exit may generate further declines in the exchange rate, and the EURUSD may track lower over the near-term as the ECB talks down speculation of seeing a major announcement at the next rate scheduled for September 6.

As the EURUSD maintains the downward trend carried over from 2011, the lack of momentum to push above the 100-Day SMA (1.2610) may produce a lower top going into September, and the pullback from 1.2588 is likely to turn into a larger correction as the economic docket on tap for the following week is expected to show a weakening outlook for Europe. However, as the Jackson Hole Economic Symposium comes into focus, we may see the EURUSD consolidate ahead of the key event, and the developments coming out of the conference is likely to have major impact on the euro-dollar as market participants weigh the outlook for monetary policy.

British Pound: 2Q GDP Contracts 0.5%, RSI Falls Back Ahead Of Overbought

The British Pound continued to pare the advance from earlier this week as market participants scaled back their appetite for risk, but we may see the sterling continue to outperform against its major counterparts as the Bank of England looks poised to sit on the sidelines throughout the second-half of the year. Indeed, the preliminary 2Q GDP report for the U.K. showed a less-than-expected contraction during the three-months through June, and the positive developments coming out of the region may encourage the BoE to become more upbeat towards the economy as the recovery gradually picks up. Nevertheless, the GBPUSD looks poised for a short-term correction as the relative strength index falls back from a high of 66, but we continue to look for a series of higher highs paired with higher lows in the exchange rate as the upward trend takes shape.

FX Upcoming










Durable Goods Orders (JUL)






Durables ex Transportation (JUL)






Non-Defense Capital Goods Orders ex Aircrafts (JUL)






Non-Defense Capital Goods Shipments ex Aircrafts (JUL)


--- Written by David Song, Currency Analyst

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

To be added to David's e-mail distribution list, send an e-mail with subject line "Distribution List" to

Will the EUR/USD Resume the Downward Trend From 2011? Join us in the Forum

Related Articles: Weekly Currency Trading Forecast

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