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.

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
Bearish
Wall Street
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
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Mid-Week Market Update- Technical Outlook for $USD Majors, #Gold & #Oil and more! -(Webinar Archive)- https://t.co/lsXyrQRp6I
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 2.35% Gold: 0.73% Oil - US Crude: -1.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/LpTHYUKJLx
  • Seems the WallStreetBets crowd is talking about the 'typical' top speculative listings - top 2 is the $SPY S&P 500 ETF and the Netflix ($NFLX) post earnings. And number 3 is the Reddit board OG GameStop https://t.co/1BjEVbMDYC
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here: https://t.co/EDvQdHfIPm https://t.co/oDzWIyV6AP
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.98% 🇳🇿NZD: 0.52% 🇦🇺AUD: 0.35% 🇬🇧GBP: -0.03% 🇪🇺EUR: -0.05% 🇨🇭CHF: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8H7ly6RTkq
  • $USDCAD dropped sharply lower today as the Canadian Dollar strengthened following the BoC's tapering announcement. The pair dropped by over 100 pips, falling from above 1.2600 to below 1.2500. $USD $CAD #BOC https://t.co/MU3fk5XUqt
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: US 500: 0.64% Wall Street: 0.57% Germany 30: 0.18% France 40: 0.16% FTSE 100: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hn1ydl5H6W
  • - Forward guidance is a commitment not to raise rates - There is still a long way to go until full recovery
  • - BoC is accelerating work on digital currency - Decision on digital currency would be the government's
  • With the BOC's update today, I'd shift the group to being the most hawkish relative to the other major central banks. Still the setting for all of the majors is very dovish though. All relative. https://t.co/3MQX5ILGzA
Improving Eurozone Consumer Confidence Adds to Signs of Stability

Improving Eurozone Consumer Confidence Adds to Signs of Stability

Tzu-Wen Chen, Technical Strategist

THE TAKEAWAY: [Euro-area consumer confidence improves] > [Adds to signs of stabilization] > [Euro strengthens]

Consumer confidence within the seventeen euro-area countries that use the euro improved in February, despite ongoing uncertainty that a Greek debt deal could be reached. The Brussels-based European Commission reported today that the flash consumer confidence indicator in the single-currency region increased to -20.2 in February from -20.7 in the month prior. The print fell slightly short of the consensus forecast of -20.1, according to a Bloomberg survey of economists. Nonetheless, the latest figure indicates that consumer confidence is at its highest level since November.

The improvement in consumer confidence adds to signs that the Eurozone economy may be stabilizing, and supports ECB President Monti’s statement following the last rate decision meeting on February 9, 2012, that “available survey indicators confirm some tentative signs of stabilization in economic activity at a low level around the turn of the year”. Easing inflationary pressures and some stabilization in financial markets have also been factors in the improving consumer sentiment.

EUR/USD 1-minute Chart: February 21, 2012

Improving_Eurozone_Consumer_Confidence_Adds_to_Signs_of_Stability_body_Picture_1.png, Improving Eurozone Consumer Confidence Adds to Signs of Stability

Chart created using Strategy Trader– Prepared by Tzu-Wen Chen

In the minutes after the data release, the euro strengthened against the major currencies, gaining 36 pips against the U.S. dollar. The euro rallied as the market gained confidence that the euro-zone economy is showing further signs of stability, and added to yesterday’s news that a second Greek debt deal had finally been reached. At the time of this report, the euro was trading at 1.3252 U.S. dollars.

--- Written by Tzu-Wen Chen DailyFX Research

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

DISCLOSURES