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.

Free Trading Guides
EUR/USD
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
GBP/USD
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
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
Gold
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
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
Bitcoin
Bullish
More View more
Real Time News
  • Thai Finance Ministry says #coronarvirus may cut about 400k visitors -BBG $USDTHB
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.46%, while traders in US 500 are at opposite extremes with 71.30%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/t7OBrrCW1J
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.12% 🇯🇵JPY: 0.00% 🇬🇧GBP: -0.05% 🇪🇺EUR: -0.08% 🇨🇭CHF: -0.10% 🇳🇿NZD: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/haGVeVyQyA
  • The $USD rose as the Singapore Dollar, Malaysian Ringgit and Philippine Peso fell on coronavirus fears. What is the technical outlook for USD/IDR, USD/SGD, USD/MYR and USD/PHP? Get your market update from @ddubrovskyFX here: https://t.co/G3GmyOe4IT https://t.co/hXubgKzqfp
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.35% US 500: 0.35% Germany 30: 0.31% France 40: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/VHUHZF1Cyz
  • 🇯🇵 JPY Consumer Confidence Index (JAN), Actual: 39.1 Expected: 39.5 Previous: 39.1 https://www.dailyfx.com/economic-calendar#2020-01-29
  • Heads Up:🇯🇵 JPY Consumer Confidence Index (JAN) due at 05:00 GMT (15min), Actual: N/A Expected: 39.5 Previous: 39.1 https://www.dailyfx.com/economic-calendar#2020-01-29
  • The #Euro has broken four-month support guiding a recovery against the US Dollar to suggest that the long-term downtrend has been re-engaged. Get your EUR/USD market update from @IlyaSpivak here: https://t.co/FHiGQZ6zvV https://t.co/0ulmLWaZxK
  • The US Dollar may be on the verge of upside breakouts against #ASEAN currencies such as the Singapore Dollar and Malaysian Ringgit after Wuhan virus fears boosted $USDSGD and $USDMYR #SGD #USD - https://www.dailyfx.com/forex/technical/article/special_report/2020/01/29/Dollar-Technical-Outlook-May-Turn-Bullish-as-USDSGD-USDMYR-Rise.html?CHID=9&QPID=917702 https://t.co/1M1GTIo79r
  • $AUDJPY technical positioning hints prices may be on cusp of turning lower after a late-2019 bounce, recoupling with a dovish RBA policy outlook. Get your market update from @IlyaSpivak here: https://t.co/z84Y0V0ZtH https://t.co/e30wIlAkbF
Top Trade Idea 2020: Long European Equities on Fiscal Stimulus Prospects

Top Trade Idea 2020: Long European Equities on Fiscal Stimulus Prospects

2020-01-03 19:30:00
Peter Hanks, Junior Analyst
Share:

In the twilight of 2019, the Eurozone economy saw its annual growth forecast slip to the lowest since 2013 after flirting with stagnation for months, but rounded out the year with a comfortably positive return nonetheless. Amidst the courtship, the European Central Bank – under Mario Draghi – offered a rescue package of lower interest rates and bond purchases to stoke the zone’s economy. Evidently the economic impact of the monetary stimulus was less than stellar, which left the new ECB head – Christine Lagarde – with few options at her disposal.

DAX 30 Weekly Price Chart (2010 – 2019) (Chart 1)

DAX30 Weekly Price Chart

Effectively backed into a corner by persistently sluggish growth and ineffective monetary policy, Mrs. Lagarde has hinted at fiscal reform – particularly in Germany – as a method of kick-starting the European economy once more. Simultaneously, she offered little indication further monetary accommodation is off the table, which could see European equities, led by the DAX, outperform other areas in 2020 if fiscal stimulus takes shape and translates to real economic growth.

Top Trading Opportunities in 2020
Top Trading Opportunities in 2020
Recommended by Peter Hanks
Download our Top Trading Opportunities for 2020
Get My Guide

--Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

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

DISCLOSURES

News & Analysis at your fingertips.