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.

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
Subscribe
Please try again
EUR/USD
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
Bearish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • US Treasury Sec. Yellen: Raising the corporate tax rate would land the US in the middle of its peers
  • US Senator Schumer: - We are moving forward on multiple infrastructure proposals - I will meet with White House officials later along with Speaker of the House Nancy Pelosi
  • US Treasury Sec. Yellen: I hope to get approval from G20 for a worldwide tax reform plan
  • June Manufacturing PMI surges and climbs to a record high of 62.6 from 62.1 in May. Get your market update from @DColmanFX here:https://t.co/MkLyc2tlFy https://t.co/nJApnsSQPh
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.27%, while traders in GBP/JPY are at opposite extremes with 74.01%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/NrBgCtVZvN
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.12% France 40: 0.07% Germany 30: 0.06% FTSE 100: -0.04% Wall Street: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/z277OvYl2T
  • Australian #Dollar Forecast: #Aussie Breaks 2021 Range- $AUDUSD Rally at Risk - https://t.co/kV3Jr9KSqW https://t.co/3259U46BNn
  • Gold plunged into a critical uptrend support and the focus is on a reaction off this threshold. Get your $XAUUSD market update from @MBForex here:https://t.co/9647GKHVTa https://t.co/VOxFsFU8rf
  • NY Fed accepts $813.6 billion in reverse repo operations, a new record high $USD $DXY
  • Bostic sees first hike in 'late 2022' and doesn't want to hike until Taper is complete. If the Fed follows the three quarter spacing timeline it would suggest roughly: Dec 2022 hike < March 2022 finish taper < any month now start taper https://t.co/j25E9vAUc1
Market Vibrations: News and Commentary from the Europe Desk

Market Vibrations: News and Commentary from the Europe Desk

Research, Research Team

US EQUITIY FUTURES: Tracking lower

COMMODITIES: Bearish

CURRENCY WINNER/LOSER: +GBP, -AUD

LATEST REPORT: "Morning Slices"

1230 GMT: The ILO annual global employment trends report has come out throwing a further damper onto global market sentiment, stating that the global labor market faces an "urgent challenge" of creating 600mln jobs over the next decade. Meanwhile, the Europeansession is set to close out with no Greek debt deal, which keeps market forcus on European developments notwithstanding today's Fed meeting (stay posted). German FinMin Schaeuble weighing in right now with a speech, in which he has reiterated the urgent need for all Greek parties to accept EU and IMF reform packages. He also added that Greek debt sustainability at 120% of GDP must be guaranteed. European equitiy markets are reflecting the credit cruch with DAX, CAC, and FTSE all down on the day by some 1%.

1110 GMT: Fitch has weighed in on the Aussie ban of Iranian oil, saying the ban by the EU and US and now Australia will support high oil prices. Iran has again threatened to close the Hormuz Straits, but oil thus far today remains largely unaffected. Battle lines on austerity measures continue to be drawn in Europe with France and Italy moving closer together amid demands that Germany contrinute more to relief efforts. From the UK, BoE's King is scheduled to give a speech soon, fuleing speculation that the UK may engage in further QE.

0952 GMT: French, German, and Eurozone PMIs coming in pretty strong across the board, highlighted by Eurozone PMI composite breaking the barrier into expansion at 50.5 (expectation was 48.5). The Euro rallied strongly before stalling out by ket resistence at 1.3070.

Solid data for UK debt also, with PSNB falling to GBP 13.7B from the revised prior 17.9B. Expectation was 14.9B. Eleswhere, the Greek FinMin reponded to statements from his Swedish and Dutch counterparts by saying that Greece wants to complete debt restructuring talks this week. The conservative Greek opposition leader Samaras followed up say the bond swap deal should be completed by March 5, "at the latest." Iran creeping into the news as well with the Aussie Foriegn Minister saying his country will follow the EU in banning Iranian oil.

0844 GMT Negative and positive remarks coming out of Europe over the past hour regarding the Greek debt issue, with the Dutch and Swedish FinMins voicing concen over the current situation's "failure." The German FinMin has said that negotiation for a jumpstarted launching for the ESM have been completed (more to follow). Meanwhile, German and French PMI came out better than expected. Stay tuned for EC PMIs within the hour.

0730 GMT Greek PSI developments are expected to continue today after EU and Greek officials brawled with creditors yesterday. IMF's Lagarde weighing in over the past hour stating that the Euro needs EUR 1trl in financing over the next two years, putting her at odds with ESM and AFSF paymaster Germany.

0620 GMT A day of risk consolidation seems to be in the making with markets barely moving thus far in the European session. Headlines from the Asian session included the EU FinMin meeting aftermath which saw the focus shift back to Greece. Juncker (EU) and Regling (EFSF) were cautious, making it clear that Greece must hammer out an agreement with the Troika immediately. Juncker this morning also pushed for lower rates on Greek PSI, while dismissing talk of Greece leaving the Eurozone. Meanwhile, the Bank of Japan last night left interest rates at current levels, as was widely expected.

Market Vibrations is a new DailyFX feature which follows the European trading session with real-time updates and breaking news and analysis. It is updated regularly, so check back for the latest FX developments.

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

DISCLOSURES