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
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 status of the US #dollar as the safe-haven asset of choice remains untouched and any weakness in the greenback is likely to be short-lived. Get your $USD market update from @nickcawley1 here: https://t.co/LO2u38jpUT https://t.co/ctgCJSOeTH
  • #FTSE 100 testing key support as the index lacks a directional bias. #DAX reverses off channel top. Get your indices technical analysis from @JMcQueenFX here: https://t.co/IHF2dgMfg9 https://t.co/2fMTFlOeTR
  • With knowledge of price action, traders can perform a wide range of technical analysis functions without the necessity of any indicators, including management of risk. Build on you knowledge of price action here: https://t.co/9hQA0bsYtt https://t.co/5KQowxuiBf
  • The term ‘Ichimoku,’ literally means ‘one glance,’ in Japanese. Ichimoku, or the one glance indicator, is considered to be a self-contained system in the fact that no additional indicators are necessary. Learn more about the 'one glance' indicator here: https://t.co/T7o7W9C0Ro https://t.co/7bhBfWvEkR
  • Support and resistance are the cornerstone of technical analysis, making it the foundation that you build your knowledge on. Build a stronger foundation here: https://t.co/yXLaRpl90I https://t.co/85JHunf2Xf
  • Many traders ask how a trading method that is 77 years old is applicable today. Learn about the Gartley pattern and see how you can incorporate it into your trading style here: https://t.co/2yPmGH0XvT https://t.co/rtqUKZSdn1
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4CnobJCss https://t.co/ywv7RVP9qY
  • Crude oil prices may rise on supply-disruption fears after the outcome of the Iran election, but sentiment from #coronavirus fears may derail Brent’s recovery ahead of the G20 summit. Get your crude #oil market update from @ZabelinDimitri here: https://t.co/83iTphwaWv #OOTT https://t.co/RgQku64XyW
  • The Australian Dollar remains severely weighed down by #coronavirus worries and a lack of domestic data points will probably keep that story in the driving seat. Get you $AUDUSD market update from @DavidCottleFX here: https://t.co/qswUnnXVwR https://t.co/NyZ0iEpILm
  • While Sino-US trade jitters are temporarily abating, China-Swedish trade tensions are rising as a part of a political contagion of growing economic hostilities between nations across the world. Get your market update from @ZabelinDimitri here:https://t.co/F1fVoyzoz5 https://t.co/uOLKRebXB1
Despite Revision, German Factory Orders Weaker Than Expected

Despite Revision, German Factory Orders Weaker Than Expected

2011-10-06 10:59:00
David Schutz,

THE TAKEAWAY – German factory orders lower than expected -> weak numbers underscore risk averse trend -> Euro drops as ECB decision coming up

German factory order data for August, released today, showed a drop of -1.4% versus the forecasted flat number. The drop was slightly offset by a revision to July’s figure, raised to -2.6% from -2.8%, but remains bad news for German industry. The annual front also showed sub-prediction figures, coming in at 3.9% versus the expected 4.7%. Here also the loss was slightly alleviated by a revision of the previous number from 8.7 to 8.9.

The weak numbers underscore the weakness of the beleaguered Eurozone economy given the possibility of a credit breakdown should Greece default on loans. Concerns that the current crisis may escalate into a recession have given investors cold feet, shaking confidence in a market that is already experiencing turmoil not seen since the 2008 crash. German PMI manufacturing numbers released earlier this week hit a two-year low, and analysts have blamed low German manufacturing numbers on reductions in exports and domestic demand. Domestic orders were particularly weak at -3.2% in Aug, while foreign orders only rose 0.1%. Other European nations have born similarly weak industrial fruit.

Despite_Revision_German_Factory_Orders_Weaker_Than_Expected_body_eur.png, Despite Revision, German Factory Orders Weaker Than Expected

The immediate market reaction showed a hefty drop at the report’s release, and further drops may come later today with the ECB’s decision on interest rates coming up. For full technical outlook

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


News & Analysis at your fingertips.