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
EUR/USD
Bullish
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
Bullish
Wall Street
Bullish
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
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • The Japanese #Yen may rise if a growing number of coronavirus cases around the world puts a premium on anti-risk assets. JPY’s gains may be amplified if corporate earnings fail to impress investors. Get your #currencies update from @ZabelinDimitri here: https://t.co/yP4revKq6J https://t.co/7smgRKspLU
  • The US Dollar index (DXY) may face range bound conditions over the coming days amid the failed attempt to test the June low (95.75). Get your #currencies update from @DavidJSong here: https://t.co/GsBcE6Z4G6 https://t.co/HIJ4vvcBIg
  • The Dow Jones could fall based on positioning signals, will the growth-linked Australian Dollar and Canadian Dollar follow? If so, what are the technical barriers ahead? Find out from @ddubrovskyFX here:https://t.co/yJrlR5C00P https://t.co/FzkIBlJLHG
  • Further gains in USD/IDR could be curbed as USD/PHP establishes a floor around 2017 lows. USD/MYR may fall next as USD/SGD fast approaches a key falling trend line.Get your #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/9JgZm2n8Fl https://t.co/FeBuqJ64qB
  • Japanese Yen Outlook Bullish on Coronavirus Surge, US Earnings Season https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2020/07/11/Japanese-Yen-Outlook-Bullish-on-Coronavirus-Surge-US-Earnings-Season.html
  • The New Zealand Dollar is aiming higher, with NZD/USD eyeing fresh yearly highs while AUD/NZD may be carving out a bearish Head and Shoulders chart pattern. Get your $NZDUSD market update from @DanielGMoss here:https://t.co/osFxXvq5xF https://t.co/sKBkNvMvPz
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/td5WA4hCZC https://t.co/3qXauAsm2Q
  • The Dow Jones and S&P 500 nervously face the earnings season as coronavirus deaths could reimpose lockdowns. The DAX 30 eyes an EU rescue package as the FTSE 100 awaits GDP data. Get your #equities update from @ddubrovskyFX here: https://t.co/A0k6JMMBOg https://t.co/iihbEYsfgi
  • It was a surprisingly quiet week in oil, with the net of this week’s price action showing a doji. But a longer-term formation has built that may open the door to that next trend. Get your #commodities update from @JStanleyFX here: https://t.co/zz6M2ce55V https://t.co/UxlbpgLBkq
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here:https://t.co/Fkzk88Y5gm https://t.co/beKjEODs2y
Market Vibrations: News and Commentary from the Europe Desk (1300 GMT)

Market Vibrations: News and Commentary from the Europe Desk (1300 GMT)

2012-02-21 09:40:00
Research, Research Team
Share:

1300 GMT: The European session has closed with the Euro on a downtrend as players speculate that the Greek bailout will not save the beleagured country in the long run. EU's Rehn has been on the wires with some encouraging words, saying the risk of a European credit crunch hs receded after yesterday's deal. Rehn added that the stress in soverign bond yields has eased and the firewalls are being strengthened. Even the German FinMin had some decent (for him) things to say, mentioning that he sees "a chance" of Greek debt sustainability.

1115 GMT: EFSF and Spanish bond yields are improving in today's auction. Meanwhile, Moody's has placed Spain’s Credit institute on negative outlook. The EU and IIF have come out with statements saying they are "confident" bondholders will participate in the debt swap deal. Meanwhile, the Greek cabinet is scheduled to meet today to discuss how to push through the legislation wwhich stands to hurt many private holders of Greek debt.

0930 GMT: UK net borrowing has come in a bit higher than expected at -10.7b versus the expected -9.1b. Meanwhile, sources are saying that private investors in Greek government bonds are set to take a 73-74% net present value loss on the bond swap deal. Eleswhere, Dutch apprehesion at the Greek deal continues with the Dutch FinMin saying implementation risks are high in the case of Greece.

0740 GMT: The big news propping market sentiment today, of course, is the EU ratification of a second bailout for Greece. The terms included a 53.5% haircut for the private sector, as well as lowered rates from European governments. The IMF hasn't said what its exact role will be. The German FinMin has said the EU commission will strenthen its team in Greece for surveillance and help, adding that he is confident the Bunestag will approve the rescue package. Greece, for its part, plans to force bondholders to take part in the debt swap.

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

DISCLOSURES

News & Analysis at your fingertips.