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 Download
EUR/USD
Bullish
GBP/USD
Bullish
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
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
Bitcoin
Bearish
More View more
Real Time News
  • Regional #stockmarkets were naturally hammered following a scary day on #WallStreet. Currencies were pressured too, but with broader differences in fortunes as markets price in lower US borrowing costs. #coronavirus, #AUSUSD, #NZDUSD, #USDJPY, #ASX200 https://www.dailyfx.com/forex/fundamental/article/special_report/2020/02/28/Asian-Stock-Prices-Wilt-Again-As-Coronavirus-Routs-Wall-St..html?utm_source=Twitter&utm_medium=Cottle&utm_campaign=twr
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.05%, while traders in USD/CAD are at opposite extremes with 68.07%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/3gSaJJnsPg
  • U.S. Vice President Mike Pence: Risk of spread of the coronavirus in the country remains low -BBG
  • Here is some more perspective: 2018 United States population = 327.2m (via U.S. Census Bureau) #coronavirus https://t.co/gzWCmasWCT
  • China's 290m rural workers' employment hit by the #coronavirus, says Human Resources Vice Minister You Jun -BBG
  • The $NZD may bounce after hitting a four-month low against its US counterpart, but overall positioning continues to argue for a bearish bias. Get your NZD market update from @IlyaSpivak here:https://t.co/pip5LuUUJW https://t.co/Js98E1kqCO
  • My majors-based Australian Dollar index and New Zealand Dollar index (pro-risk FX) are on the verge of technical downside breakouts that expose their weakest points since 2016 and 2015 respectively. #AUD has positive RSI divergence though. Am closely watching 👀 $AUDUSD $NZDUSD https://t.co/HXqrl6jheN
  • Risk aversion extends into Friday's Asia Pacific trading session as Nikkei 225 and S&P 500 futures aim lower after overall South Korean #coronavirus cases exceeded 2k. Anti-risk #Yen higher, #USD too. Pro-risk Australian Dollar aiming lower $AUDJPY - https://t.co/JwCufAQCma https://t.co/HVmWJJcYI8
  • The $USD faces key technical tests against the Singapore Dollar and Indonesian Rupiah after gains on #coronavirus fears. What is the technical road ahead for USD/SGD and USD/IDR? Find out from @ddubrovskyFX here: https://t.co/gDsab6fvw1 https://t.co/8mcwr3YU0U
  • China's Shanghai Composite opens lower 2.23% -BBG
US Dollar Gaps Sharply Higher as EU Deadlocks over Greece

US Dollar Gaps Sharply Higher as EU Deadlocks over Greece

2011-09-18 23:56:00
David Liu, Technical Strategist
Share:

Weekend Developments

  • EU Finance Ministers’ Meeting In Wrocław, Poland fails to result in plan
  • Warsaw talks reject any possible stimulus for European economy
  • IMF and EU watchdogs monitoring Greek conditions again after discovering hole in budget
  • Greek FinMin Venizelos working to reassure Greek eligibility for October tranche.

The possibility of a Greek default became a main concern again last week, exacerbated by new evidence that Greek government accounts may be lower than previously forecasted, set the tone in the markets in pre-Asia trading. Additionally, dovish comments by ECB President Trichet cut expectations that the central bank may continue to pursue price stability, and will watch the health of its peripheral members.

At the time of writing, uncertainty over Greece can be seen to ripple into the US markets. S&P500 futures are currently -1.246% representing a fair value of 1197, while the Euro leads losers against the buck, dropping 0.831%. A moderate mid-morning recovery attempt across all risk-based pairs was seen, although has tapered off and continued to be sold. TheDow-Jones FXCM US Dollar Indexrose 0.14% at 9710.22.

Risk_Gaps_Sharply_Lower_as_EU_Deadlocks_over_Greece_body_Picture_5.png, US Dollar Gaps Sharply Higher as EU Deadlocks over Greece

EURUSD 5 minute chart; generated with FXCM Strategy Trader.

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

DISCLOSURES

News & Analysis at your fingertips.