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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Mixed
Low
High
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
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
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
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 0.76% Gold: 0.38% Oil - US Crude: 0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/V4XICPZVar
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.80%, while traders in EUR/USD are at opposite extremes with 70.05%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/LBx0DcXYmu
  • Check out @DailyFX Chief Strategist @JohnKicklighter discuss today’s currency market catalysts driving the dollar index, Euro, Sterling, Yen, and more on today’s Macro Setup with @GuyAdami and @RiskReversal:https://t.co/Dtdx6xBX7q
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.06% FTSE 100: -0.10% Germany 30: -0.26% Wall Street: -0.32% France 40: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/cZ9djYlhxo
  • $Nas 100, the test... the zone from 11,570-11,626 was resistance in the $Nasdaq in early Sept & and early Oct. Came back as support last week, held the lows into yday. Now showing potential resistance - but will sellers show up? $QQQ https://t.co/ViENP066Hz https://t.co/h2LYiXGGcW
  • RT @GuyAdami: Profile pictures notwithstanding, this was another worthwhile conversation. Thank you @JohnKicklighter from @DailyFX for join…
  • S&P 500 Price Forecast: SPX Tests Huge Zone at Bull Flag Support https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/10/27/SPX-SPY-ES-Price-Forecast-SPX-Tests-Huge-Zone-at-Bull-Flag-Support.html $SPX $SPY $ES https://t.co/Pu2IgKdY5E
  • ....also, the outlook with a third peak in Covid cases in the US - and spread globally - is going to seriously undermine the sustainability of growth
  • A lot is being made of how remarkable the forecasted 31% increase in US GDP for 3Q would be if we hit the number Thursday, but remember the context. We are coming off a -31.4% plunge. You need an even bigger recovery to get back up to pace starting from a hole https://t.co/oBJKnOVgqu
  • is possible that USD/CAD is trying to carve a higher-low from the September 1 low, but some more work is needed to turn the near-term favorable for taking long-side bets. Get your $USDCAD technical analysis from @PaulRobinsonFX here:https://t.co/qNZxsbcXZO https://t.co/tZbYH8fG2h
Top Trade Idea 2020: Short EUR/USD - Euro May Crumble as Dovish ECB, Political Risks Weigh

Top Trade Idea 2020: Short EUR/USD - Euro May Crumble as Dovish ECB, Political Risks Weigh

2020-01-01 00:00:00
Ilya Spivak, Head Strategist, APAC
Share:

The Euro faces a challenging path forward in 2020. Regional economic growth remains at near-standstill, all but assuring a durably dovish ECB. The seeming certainty of Brexit after the UK general election means a trade deal between London and Brussels must now be painstakingly negotiated, making for elevated sensitivity to headline risk. The US may be emboldened to escalate cross-Atlantic trade tensions after the Trump administration managed to badger Canada, Mexico and China into accepting at least some of the realignment in cross-border commerce that it wanted.

The broader backdrop is cautiously optimistic in the meanwhile, at least in relative terms. The global economy continues to grow despite a dramatic slowdown from early 2018 peaks, and some of the landmines peppering the political landscape have been defused by greater certainty about the EU-UK and US-China relations. A spirited recovery seems unlikely as a new source of angst – the US presidential election – enters the spotlight, but that is probably more of a dampener on activity than an outright recession trigger.

Top Trading Opportunities in 2020
Top Trading Opportunities in 2020
Recommended by Ilya Spivak
Download our Top Trading Opportunities for 2020
Get My Guide

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter

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

DISCLOSURES