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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • 🇺🇸 House Price Index MoM (MAY) Actual: 1.7% Previous: 1.8%
  • Heads Up:🇺🇸 House Price Index MoM (MAY) due at 13:00 GMT (15min) Previous: 1.8%
  • 🇺🇸 Durable Goods Orders Ex Transp MoM (JUN) Actual: 0.3% Expected: 0.8% Previous: 0.5%
  • 🇺🇸 Durable Goods Orders MoM (JUN) Actual: 0.8% Expected: 2.1% Previous: 3.2%
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.32%, while traders in Wall Street are at opposite extremes with 75.28%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇦🇺 RBA Debelle Speech due at 12:35 GMT (15min)
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.29% 🇨🇭CHF: 0.09% 🇪🇺EUR: 0.05% 🇨🇦CAD: -0.18% 🇦🇺AUD: -0.20% 🇳🇿NZD: -0.51% View the performance of all markets via
  • Heads Up:🇺🇸 Durable Goods Orders Ex Transp MoM (JUN) due at 12:30 GMT (15min) Expected: 0.8% Previous: 0.3%
  • Heads Up:🇺🇸 Durable Goods Orders MoM (JUN) due at 12:30 GMT (15min) Expected: 2.1% Previous: 2.3%
Euro Moderately Higher on Possible Greek Negotiations, Budget Reform

Euro Moderately Higher on Possible Greek Negotiations, Budget Reform

David Liu, Technical Strategist

Weekend Developments

  • Greece negotiations with creditors said to be near resolution
  • Private sector nears agreement with new yields on rolled-over old debt
  • Greece rejects German plan of budget reviews


The Euro and other European currencies strengthened this morning against the US dollar in low liquidity trading on reports that negotiations with private lenders may reach a deal by the end of next week. Major points of disagreement were reported to be yields on new Greek debt exchanged for old ones, as well as the potential rate of recovery by those lenders if Greece were to default. A private sector agreement will open up the next tranche of bailout funds to Greece for the country’s March 20 payments.

The Greek government has also rejected a call from Germany that will allow other members sharing the single currency to review each other’s budgets before passing. Although Germany is calling the move as a move towards more accountability, Greece has labeled the plan as damaging to its sovereignty. However, markets will continue to focus on the outcomes of the Greek PSI, as well as effects it may have on private lender negotiations with Portugal and Ireland.

At the time of writing, the Euro is leading gainers higher against the greenback along with the British pound and Swiss franc. Oceanic currencies the Australian and New Zealand dollars are seeing weakness on reports that inflation is expected to continue softening in both countries, opening up the possibility of rate cuts by both respective banks. Additionally over the weekend, RBNZ Governor Bollard has said he will not seek another term as the leader of the central bank.

Weekend_01292012_Euro-Quiet-on-Negotiations_body_Picture_1.png, Euro Moderately Higher on Possible Greek Negotiations, Budget Reform

-- By David Liu, DailyFX Research

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