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
Oil - US Crude
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
More View more
Real Time News
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.00% 🇨🇭CHF: -0.04% 🇪🇺EUR: -0.05% 🇦🇺AUD: -0.09% 🇨🇦CAD: -0.13% 🇳🇿NZD: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/yZQPhHsvEr
  • Heads Up:🇸🇬 Unemployment Rate Prel (Q2) due at 02:30 GMT (15min) Previous: 2.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Amazon Earnings Cast a Shadow on Nasdaq 100. APAC Stocks to Open Mixed https://www.dailyfx.com/forex/market_alert/2021/07/30/Amazon-Earnings-Cast-a-Shadow-on-Nasdaq-100-APAC-Stocks-to-Open-Mixed.html https://t.co/R5aoytGQvQ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.22%, while traders in Wall Street are at opposite extremes with 77.28%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/DdoKAC3hFV
  • Delta Variant accounts for 92% of new Covid cases in the US https://t.co/Ub43kJfk3L
  • Crude oil prices are trading largely unchanged following last week's rebound as the Delta variant of Covid and Chinese regulatory measures temper the near-term demand outlook. Get your market update from @FxWestwater here:https://t.co/T3oQa9qksd https://t.co/WdLYBIYQKU
  • The British Pound could remain vulnerable against the US Dollar while perhaps looking to push higher against the Australian Dollar, Canadian Dollar and New Zealand Dollar.Get your market update from @ddubrovskyFX here:https://t.co/9iZa4oE4WQ https://t.co/wyhhb4Jqxa
  • Hang Seng Index Futures at Key Inflection Point, Top to Resume? - #HSI1! chart https://t.co/dYgRPKhc9h
  • Amazon Q2 Earnings: -EPS at $15.12, versus $12.28 estimate (23% higher) -Revenue at $113 billion, versus $115 billion estimate (1.7% lower) -Share price tumbled 7% during after-hours trade as the company reported a slight revenue miss and gave weak third-quarter guidance
  • 🇯🇵 Industrial Production YoY Prel (JUN) Actual: 22.6% Previous: 21.1% https://www.dailyfx.com/economic-calendar#2021-07-29
Eurozone Debt Reaches Worst Level Since Single Currency Established

Eurozone Debt Reaches Worst Level Since Single Currency Established

Benjamin Spier, Technical Strategist

THE TAKEAWAY: Eurozone debt reaches worst level ever at 87.2% of GDP -> Governments borrowed more to pay for increased deficits and bailouts -> Euro remains with earlier day losses

Eurozone government debt for 2011 came in at 87.2% of the gross domestic product, for a total of 8.215 trillion Euros, reaching the worst debt level since the start of the Euro. The debt to GDP rate for 2010 was revised lower to 85.3%.

European governments increased borrowing to fill budget deficits and pay for bailouts. Greece showed the worst debt to GDP rate at 165.3%, followed by Italy at 120.1%. Germany had a debt rate of 81.2%, while France showed a rate of 85.8%. The rates were provided by the Eurostat in Luxembourg.

Meanwhile, Euro-area nations cut deficits to 4.1% of GDP in 2011 from the previous year’s 6.2%, but this and the debt figure are both larger than the permissible levels set by the European Union.

Eurozone_Debt_Reaches_Worst_Level_Since_Single_Currency_Established_body_eurusd.png, Eurozone Debt Reaches Worst Level Since Single Currency Established

EUR/USD surprisingly jumped up following the release of the data, before returning to its original levels. The pair is down for the day after a morning of mostly weaker than expected Purchase Manager Index rates from around Europe. EUR/GBP is still slightly higher since the release of the debt data.

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

DISCLOSURES