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
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/rOnWgIotlz
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: 0.11% Oil - US Crude: 0.02% Silver: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ENxA7SeIDF
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇨🇦CAD: -0.13% 🇪🇺EUR: -0.13% 🇨🇭CHF: -0.15% 🇬🇧GBP: -0.18% 🇦🇺AUD: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/cmUacZR1bK
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 87.12%, while traders in France 40 are at opposite extremes with 74.18%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/WKmgAjSLWR
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/3rXsyuSemd
  • Nasdaq 100 Rebounds as Tapering Fears Ease, Hang Seng and ASX 200 Climb https://www.dailyfx.com/forex/market_alert/2021/06/22/Nasdaq-100-Rebounds-as-Tapering-Fears-Ease-Hang-Seng-and-ASX-200-Climb.html https://t.co/NZxRtj3rNa
  • ANZ Bank sees New Zealand house prices increasing by 0.7% in 2022 - BBG
  • Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here: https://t.co/qV3c7a4YR3 https://t.co/9ZUHvkEw7R
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/aGz502atu0
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/OibiizbywE
Market Vibrations: News and Commentary from the Europe Desk (1105 GMT)

Market Vibrations: News and Commentary from the Europe Desk (1105 GMT)

Research, Research Team

LATEST REPORT: "Opening Comment"

1105 GMT: US Treasury Secretary Geithner joining the camp calling for more funding of European crisis. Geithner said that the IMF could support Europe "if it shows commitment" and added that he doesn't believe austerity measures will work without more resources. He also said that the US economy is growing by 2-3% annual rate, and that the US still faces big challenges from the financial crisis which will take a long time to repare. On the other side of the pond, ECB Paramo said he believes the Eurozone may have contracted in Q4 2011, adding that he belives the ECB's new measures have increased market confidence.

1010 GMT: Some Greek developments making waves with EU's Rehn saying Greece deal just about to be closed "if not today, maybe over the weekend." He added that "we are very close." The German Finance Minister followed up, saying that a default in Greece is not expected. These comments could be in response to negative sentiment expressed earlier in the day by the IMF, which said it was not opimistic on progress. EURUSD is spiking now on the news and just hit 1.3150. Meanwhile, Japanese PM Noda said earlier that an increase in interest rates would hurt the Japanese economy.

0850 GMT: The Swiss KOF indicator has come out worse than expected at -.17%, vs. -.10% expected. Meanwhile, Portuguese 10 year bonds have hit a new high at 15.24% yield. The Euro remains unaffected.

0745 GMT: Fed's Lacker coming on the air with the statement that economic condition do not warrent exceptionally low interest rates into 2014. He added that rates will have to rise before that date. This comes after the FOMC released a statement two days ago pledging ultra-low rates into 2014.

0630 GMT: The Euro has fallen from yesterday’s levels and we are waiting to see if it will once again approach close to resistance around 1.3200. Keep an eye out for Greekdevelopments which will be reported here regularly. Also, US Treasury Secretary Geithner and ECB’s Draghi are scheduled to speak later in the day.

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