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
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
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Cable is pulling off after a strong run; near-term weakness may be the theme before trying to rally again. Get your weekly GBP technical forecast from @PaulRobinsonFX here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • USD/CAD has bounced off a key support area on Friday and could potentially charge higher in the coming week as risk-aversion over coronavirus fears has started to dominate market moves. Get your weekly CAD technical forecast from @DColmanFX here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The US Dollar slipped last week after the Federal Reserve calmed taper timeline talks. Friday’s non-farm payrolls figure may rekindle upside USD bets if it impressive. Get your weekly USD forecast from @FxWestwater here:
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
Eurozone Inflation Steadies in June

Eurozone Inflation Steadies in June

Benjamin Spier, Technical Strategist

THE TAKEAWAY: Eurozone inflation rate remains at 2.4% for June -> Lower inflation allows for ECB action -> Euro trading higher following EU summit

The Eurozone annual inflation rate was estimated at 2.4% in June, unchanged from May’s inflation rate and falling in line with analysts’ expectations. The inflation estimate was put together by Eurostat and is based on price information provided by Eurozone members. The final Consumer Price Index for June will be released in July.

The fall to a 2.4% inflation rate in May set a new yearly low, and lower inflation combined with a struggling economy usually allows for monetary expansion or interest rate cuts. European Central Bank President Mario Draghi said on June 6 that a few officials had called for an interest rate cut, adding to speculation that the ECB will take action during their July meeting.

The Euro, as well as other risk-correlated assets, rallied earlier today on the news of resolutions on a number of issues during the 2-day EU summit meeting that started on Thursday. The news of the steady inflation did not affect Euro trading, as EUR/USD continued to consolidate around 1.2570, following the initial spike towards 1.2600 following the summit news.

Eurozone_Inflation_Steadies_in_June_body_eur.png, Eurozone Inflation Steadies in June

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