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
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
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
Gold
Bullish
GBP/USD
Mixed
USD/JPY
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
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/Q0yRRpMpPX
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/pSeSiNnmHe
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/iVOEuK40rn
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/SQUCCYRCIk https://t.co/ltEO5dpKux
  • WTI crude oil is currently trading up against major resistance via the 2019 and 2020 highs within the confines of a channel; something has to give. Get your market update from @PaulRobinsonFX here: https://t.co/MO9foRjm2y https://t.co/YhBFdvZDEb
  • The Dow Jones and S&P 500 outlook appears bleak in the near term as retail traders increase their upside exposure. At the same time, these indices confirmed bearish technical warning signs. Get your market update from @ddubrovskyFX here:https://t.co/fKCHELbOxo https://t.co/eVDwmFTaIg
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/8B8hqHahm1
  • The US Dollar finished off an eventful week after CPI and retail sales injected volatility into markets. FOMC is now in the Greenback’s sights as taper talks linger. Get your market update from @FxWestwater here: https://t.co/MHi0lfQ93j https://t.co/4XetwYAaNd
  • Get your snapshot update of the of market open and closing times for each major trading hub around the globe here: https://t.co/BgZLFljIhZ https://t.co/ZZRLV0Wkea
  • The Nasdaq 100 index has likely formed a bearish Gartley pattern, which hints at further downside potential. Negative MACD divergence on the weekly chart suggests that upward momentum may be fading. Get your market update from @margaretyjy here: https://t.co/GkMEkVA7YR https://t.co/E1vyCMVt6K
Euro Climbs As German Inflation Remains Steady In July

Euro Climbs As German Inflation Remains Steady In July

Tzu-Wen Chen, Technical Strategist

THE TAKEAWAY: [Germany’s inflation rate unexpectedly remains steady in July] > [Price hold due to rise in energy prices and seasonal factors] > [EURUSD strengthens]

Germany’s inflation rate unexpectedly remained steady in July, after energy prices climbed. According to the Federal Statistics Office in Wiesbaden, annualized inflation, calculated using a harmonized European Union method, stood at 2.0 percent in July for a second month, matching the lowest level since January 2011. Economists surveyed by Bloomberg News had forecast a decline to 1.9 percent. On a monthly basis, consumer prices rose 0.4 percent in July. Meanwhile, non-harmonized inflation remained at 1.7 percent from a year earlier, and 0.4 percent from a month ago.

Despite the higher-than-expected print, there are few risks for strong price increases in Germany in coming months amid the worsening growth outlook for the Eurozone. The statistics office attributed the recent increase in German prices primarily to seasonal factors. Overall price pressures in the euro-zone are expected to remain subdued.

EURUSD 1-minute Chart: July 27, 2012

Euro_Climbs_As_German_Inflation_Remains_Steady_In_July____body_Picture_2.png, Euro Climbs As German Inflation Remains Steady In July

Chart created using Market Scope – Prepared by Tzu-Wen Chen

The euro extended earlier gains against the U.S. dollar in the minutes after the release of German CPI data, climbing as much as 34 pips. At the time of this report, the EURUSD pair continued to trade higher at $1.2316.

--- Written by Tzu-Wen Chen, DailyFX Research

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

DISCLOSURES