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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.75%, while traders in USD/JPY are at opposite extremes with 73.09%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.19% 🇳🇿NZD: 0.16% 🇪🇺EUR: 0.02% 🇨🇭CHF: -0.04% 🇦🇺AUD: -0.10% 🇨🇦CAD: -0.10% View the performance of all markets via
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: 0.18% Wall Street: 0.16% FTSE 100: 0.06% Germany 30: -0.01% France 40: -0.07% View the performance of all markets via
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn more about controlling greed here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Earnings will remain a key theme ahead with AMZN and AAPL due to follow GOOG's and MSFT's failure to push a Nasdaq 100 to record highs while the ECB will follow in the BOC's and Brazil hawkish policy mix. That said, I'm watching the Dollar most closely:
  • 🇯🇵 BoJ Interest Rate Decision Actual: -0.1% Expected: -0.1% Previous: -0.1%
  • Heads Up:🇯🇵 BoJ Quarterly Outlook Report due at 03:00 GMT (15min)
  • Heads Up:🇯🇵 BoJ Interest Rate Decision due at 03:00 GMT (15min) Expected: -0.1% Previous: -0.1%
  • US crude is down another 2.2 percent in early Asia trade. We are on pace to break below the 20-day moving average (and 20-day support) for the first time in 43 trading days. There those the default risk appetite run...
Forex News: Euro-Zone Economy Enters Technical Recession

Forex News: Euro-Zone Economy Enters Technical Recession

Benjamin Spier, Technical Strategist

THE TAKEAWAY: Euro-zone GDP declines 0.1% in Q3 -> Inflation confirmed at 2.5% -> Euro trading steady

Euro-zone gross domestic product declined for the second straight quarter in Q3, signaling a technical recession for the 17-nation economy. The economy contracted 0.1% according to preliminary estimate, which follows last month’s 0.2% drop in economic output and matched expectations. The Euro-zone GDP was 0.6% lower than Q3 of 2011, according to Eurostat.

Euro-zone inflation for October was also reported at 2.5%, thereby confirming a flash estimate and dropping slightly from September’s 2.6% annual inflation. Consumer prices were 0.2% higher from September to October.

The Euro-zone economy has been struggling with its debt crisis, and leaders have been actively working on preventing Greece from defaulting, while economies like Spain and Italy continue to work to avoid asking for a bailout from the ESM.

The GDP results were as expected and therefore did not have a significant effect on Euro trading in currency markets. EURUSD is currently trading above 1.2750, and resistance could be provided by a former support at 1.2824.

EURUSD 15-minute: November 15, 2012

Euro-Zone_Economy_Enters_Technical_Recession_body_eurusd_daily_chart.png, Forex News: Euro-Zone Economy Enters Technical Recession

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