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
Oil - US Crude
Wall Street
More View more
Real Time News
  • $EURUSD breakout stalled (so far) around the same spot that caught the feb top fib from the same study that caught the low in march (at the 38.2)
  • The USD/CAD breakdown has stalled into lateral technical support at 1.2048/61 and the focus is on a reaction off this mark. Get your $USDCAD @MBForex here:
  • US Dollar Outlook: DXY Index Hammered as Treasury Yields Ebb -via @DailyFX Link to Full Analysis: $USD $DXY #Trading
  • AUD/USD attempts to retrace the decline following the update to the US Consumer Price Index (CPI) as it bounces back from the 50-Day SMA (0.7715). Get your $AUDUSD market update from @DavidJSong here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.64%, while traders in EUR/USD are at opposite extremes with 70.33%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.06% Gold: -0.03% Oil - US Crude: -1.48% View the performance of all markets via
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.54% 🇪🇺EUR: 0.45% 🇳🇿NZD: 0.41% 🇯🇵JPY: 0.23% 🇦🇺AUD: 0.22% 🇨🇦CAD: -0.05% View the performance of all markets via
  • Some really great insight and compelling chart setups below. Strongly encourage taking the time to read through my colleague @JStanleyFX's latest take on #StockMarket cycles.
  • Tesla, ARKK, Nasdaq 100 and S&P 500: Varying Stages of the Cycle $TSLA $ARKK $NDX $SPX In order from strongest to weakest: 1) SPX 2) NDX 3) TSLA 4) ARK the leaders have become the laggards...
  • Please join @JStanleyFX at 13:00 EST/17:00 GMT for a webinar on trading price action. Register here:
Euro Decline Unaffected by Growth in German Factory Orders

Euro Decline Unaffected by Growth in German Factory Orders

Benjamin Spier, Technical Strategist

THE TAKEAWAY: German factory orders up 0.6% for May, beats expectations -> Spanish bond sale weighs on Euro -> ECB expected to cut interest rate

German factory orders surprised analysts by rebounding 0.6% higher during the month of May (seasonally adjusted), beating expectations for an unchanged amount of orders. In April, factory orders sunk by a revised 1.4%, and there were 5.4% less factory orders in May 2012 than May of last year, according to the Economy Ministry.

Local factory orders were down 1.3%, while orders from other countries in the Euro-zone were up 7.7% in May. Orders for consumer goods were up 3.5%, driven by a 10.9% increase in demand from around the Euro-zone. The rise in exports is more impressive when taken in the context of the surrounding Euro debt crisis.

The rise in factory orders didn’t reverse the Euro’s downtrend that started earlier this morning. EURUSD began falling in anticipation of today’s expected interest rate cut by the ECB, and the decline continued to 1.2500 on news of Spanish bonds being sold for higher yields in today’s debt sale.

_Euro_Decline_Unaffected_by_Growth_in_German_Factory_Orders_____body_eurusd_daily_chart.png, Euro Decline Unaffected by Growth in German Factory Orders

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