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.



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
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • Wall Street Futures Update: Dow Jones (+0.213%) S&P 500 (+0.175%) Nasdaq Composite (+0.242%) [delayed] -BBG
  • RT @margaretyjy: Watch my Bloomberg TV interview at 9:00AM Singapore time. Coming in soon! https://t.co/Z6u6offept
  • The Core-Perimeter trading model helps traders understand interactions between global economies, helping to trade the assets embedded in these relationships. Get your market update from @ZabelinDimitri here:https://t.co/dKRAo00lfA https://t.co/jw5uvZBvRx
  • Hello there, traders! It has come to my attention that there have been people pretending to be me on Twitter. If you see anyone doing so, please be sure to report them. My Twitter handle is @ZabelinDimitri. Any variation of that is an imposter. Please spread the word.
  • After approximately 100 votes, it seems that a narrow majority of participants to my poll believe Gold ($GC_F) is going to resolve its congestion with a break lower: https://t.co/NTwXu7ZaGF
  • 🇯🇵 Bank Lending YoY (JUN) Actual: 6.2% Expected: 7.2% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-07-07
  • Heads Up:🇯🇵 Bank Lending YoY (JUN) due at 23:50 GMT (15min) Expected: 7.2% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-07-07
  • The ASX 200 and AUD/JPY are at risk of losses as cases of Covid-19 continue to climb in Victoria, Australia’s second-most populous state. Get your #ASX market update from @DanielGMoss here: https://t.co/O0LNvhy4eY https://t.co/D0gLVmr3Oy
  • Will be discussing the outlook for equities such as the #DowJones and covering the growth-linked Australian and Canadian Dollars. Signup below! #AUDUSD $USDCAD https://t.co/3zrxxRtpEf
  • If you missed yesterday's live coverage of the #RBA rate decision where I discussed the outlook for the Australian Dollar, check out the recording below - https://t.co/KyXcN0ExHg
Euro Consolidates as Producer Prices Fall More than Expected

Euro Consolidates as Producer Prices Fall More than Expected

2012-07-03 09:37:00
Benjamin Spier, Technical Strategist

THE TAKEAWAY: Euro-Zone PPI fall 0.5% during May -> Energy prices drop 1.4% -> Euro consolidates in today’s trading

Euro-Zone producer prices fell by 0.5% during the month of May, the biggest drop in 3 years and lower than the analysts’ expectations for a -0.3% drop. Annually, May’s producer-price inflation is 2.3% higher according to Eurostat.

Energy prices fell by 1.4% as producer prices for capital and durable consumer goods remained unchanged in May. Germany’s PPI was down 0.3% while France’s producer prices fell 1.1%.

The lower prices combined with the economic pressures that we were again reminded of yesterday, when PMI for manufacturing indicated further drops in output, are a recipe for monetary action in this Thursday’s ECB meeting. The average expectation by Bloomberg surveyed analysts is for a 25 basis point rate cut to 0.75%.

EURUSD has consolidated in today’s trading slightly below 1.2600 following last Friday’s rally and Monday’s reversal of those gains. Euro dropped slightly following the lower than expected PPI, but still remains well within today’s range.

Euro_Consolidates_as_Producer_Prices_Fall_More_than_Expected_body_eurusd_daily_chart.png, Euro Consolidates as Producer Prices Fall More than Expected

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


News & Analysis at your fingertips.