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.



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 recently hit a fresh intraday low, falling from a morning high around 1.2180 by over 50 pips to currently trade around 1.2125. $EUR $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 67.24%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.15% Gold: 0.11% Oil - US Crude: -0.23% View the performance of all markets via
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: 0.21% Wall Street: -0.35% FTSE 100: -0.94% France 40: -1.21% Germany 30: -1.23% View the performance of all markets via
  • Markets have digested the realization that the rollout of the vaccine campaign does mean an immediate solution to the current economic and social problems. Get your market update from @HathornSabin here:
  • The $DXY continues to hold above the psychological level of 90 and is testing around 90.30 this morning. $USD
  • Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since Dec 11, 2020 when Germany 30 traded near 13,135.60. A contrarian view of crowd sentiment points to Germany 30 weakness.
  • ECB's Lane: - If favorable financing conditions can be maintained, maximum amount of asset purchases may not be necessary - Recent intensification of pandemic represents a significant downside risk, requires continuation of various fiscal support measures #ECB $EUR
  • ECB's Elderson: - Impact of the crisis on the European banking sector has yet to be fully revealed - Consequences of Brexit still need to be dealt with - It is "high time" to complete the EU banking union through institutional/regulatory architecture, deposit insurance #ECB $EUR
  • Italy's coalition Democratic Party (PD) wants Conte to resign and guarantees support for him as head of new government - PD Lawmakers $EUR
Forex News: German Exports See Surprising Rise in October

Forex News: German Exports See Surprising Rise in October

Benjamin Spier, Technical Strategist

THE TAKEAWAY: German exports rise 0.3% in October -> Trade balance down to 15.8 billion Euros -> Euro trading unchanged

German exports surprised economists’ expectations and rose 0.3% in October. The rise in exports (seasonally adjusted) was better than both an expected 0.3% decline and September’s revised 2.4% decline in exports. Germany’s trade balance fell to 15.8 billion Euros from September’s 16.9 billion balance, as imports rose a surprising 2.5%, according to the Federal Statistical Office.

German exported commodities were worth a total of 98.5 billion Euros in October. The current account totaled 13.6 billion Euros, down from September’s revised 17.3 billion current account. The total exports of commodities to countries within the European Union totaled 56.4 billion Euros, 7.8% higher than the amount of exports sent to EU neighbors in October 2011.

The German economy is suffering from the pressures of the Euro debt crisis, and last week the Bundesbank cut its economic forecast for 2012 and 2013 to 0.7% and 0.4% respectively. Improving export numbers could be a good sign for the German economy, and a rise in demand for exports among the country’s European neighbors would also be a sign of improvement for the entire region.

The Euro did not significantly react to the better than expected German exports and trade balance. EURUSD is trading slightly higher in today’s forex markets after opening lower than Friday’s close, following news of Italy PM Monti’s resignation. The pair is currently trading right around 1.2900, and resistance could be provided by the key 1.3000 level.

EURUSD Daily: December 10, 2012

German_Exports_See_Surprising_Rise_in_October_body_eurusd_daily_chart.png, Forex News: German Exports See Surprising Rise in October

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