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.

Free Trading Guides
Oil - US Crude
Wall Street
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
  • Pronóstico $XAUUSD: el #oro consolida un canal ascendente hacia 1.750$ #gold #trading https://t.co/Tu8g57ZORD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.89%, while traders in US 500 are at opposite extremes with 75.00%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/jJf4VBBPOr
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.72% Gold: -0.03% Silver: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/HD3d67xvtz
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.93% 🇬🇧GBP: 0.57% 🇨🇦CAD: 0.45% 🇪🇺EUR: 0.34% 🇨🇭CHF: -0.10% 🇯🇵JPY: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/1d82miYwh3
  • Coming up at half past the hour: my weekly webinar on market #sentiment. Please join me if you can. You can sign up here: https://www.dailyfx.com/webinars/181540619?ref-author=essex&CHID=9&QPID=917711
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: 1.74% Germany 30: 1.12% FTSE 100: 0.88% Wall Street: 0.77% US 500: 0.69% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/1IbO8jbvOv
  • Russia and other nations are said to prefer a 1-month OPEC+ production cut extension #OOTT
  • Canadian Dollar: USD/CAD Price -Accelerated Bearish Momentum More details in the link: https://www.dailyfx.com/forex/technical/home/analysis/usd-cad/2020/06/02/Canadian-Dollar-USDCAD-Price-Accelerated-Bearish-Momentum-MK.html?CHID=9&QPID=917714 https://t.co/seBugrGVVC
  • RT @Monte_IG: EUR/USD has already breached today's key pivot point, more gains would aid conformist buy breakout strategies in line with it…
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/ACw6v5RYKn
Euro Rallies On a Positive Revision of EZ Output

Euro Rallies On a Positive Revision of EZ Output

2012-10-03 08:41:00
Benjamin Spier, Technical Strategist

THE TAKEAWAY: Euro-zone composite output index revised higher to 46.1 for September -> Q3 average composite output signals a worse GDP contraction -> Euro rallies on the positive revision

The drop-off in Euro-zone composite output during September was better than initially estimated according to Markit’s final estimate of the index. The composite output index was revised higher, but remained at a four month low of 46.1, down from an initial estimate of 46.0 and still lower than August’s 46.3 composite output. Markit’s Purchasing Managers’ Index for Services in the Euro-zone was also revised higher to 46.1 from an initial estimate of 45.9.

In Germany, the PMI for services was revised lower, dropping from 50.6 to 49.7 and indicating that business activity in services did not expand in September. A PMI below 50.0 indicates contraction in sector activity.

According to Markit’s index, Euro-zone job losses increased in September because of a drop in business activity and new orders. The average composite output index for Q3 in the Euro-zone was 46.3, which was slightly lower than the 46.4 average Q2 index result and was the worst quarterly average since Q2 2009.

Ireland was the only country to report an increase in overall economic activity in September, according to Markit, while Italy saw a steep drop in business activity. The decline in the French output index was the sharpest in its history.

Based on the results of the PMI’s for the third quarter, it seems like a negative Euro-zone GDP could continue for a second quarter and signal a recession. Chief Markit Economist Chris Williamson said, “Although there were some signs of stabilization in Germany, any hopes for optimism that the current downturn has bottomed out are tempered by news of steepening rates of contraction in France and Spain, and an ongoing severe downturn in Italy.”

Despite the pessimistic PMI, the revision was an improvement from the previous estimate and therefore erased earlier session losses in the Euro. EURUSD rose back above the key 1.2900 key level during the releases of the PMI’s. Resistance could come in by the key 1.3000 level.

EURUSD 15-minute: October 3, 2012

Euro_Rallies_On_a_Positive_Revision_of_EZ_Output_body_eurusd_daily_chart.png, Euro Rallies On a Positive Revision of EZ Output

“Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.”

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


News & Analysis at your fingertips.