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
EUR/USD
Bullish
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
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • EUR/JPY IG Client Sentiment: Our data shows traders are now at their least net-long EUR/JPY since Jan 14 when EUR/JPY traded near 122.23. A contrarian view of crowd sentiment points to EUR/JPY strength. https://www.dailyfx.com/sentiment https://t.co/PIrps86vUZ
  • The Nasdaq 100 ($NDX) has its record intraday high. Now is the point where we have the milestone and we start considering conviction. And, that sharp ascending wedge puts a lot of pressure on bullish control https://t.co/VJlAKLD75I
  • Senator McConnell says China will face consequences for its behavior - BBG
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: 0.45% Silver: -0.14% Oil - US Crude: -1.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fUy5sGQh7e
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.31%, while traders in US 500 are at opposite extremes with 76.93%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/K2JT5NtBzZ
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Gold: 0.64% Silver: 0.13% Oil - US Crude: -1.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ERG8JOGxZf
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: -0.23% Wall Street: -0.31% US 500: -0.36% Germany 30: -0.54% FTSE 100: -0.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/JEODi73ZcM
  • Finland's government states that is rejects EC proposal for recovery package as it now stands and demands change $EUR
  • GBP/USD is easing back Thursday after a week of gains as the June 30 deadline for the UK to ask for an extension of its Brexit transition period approaches. Get your $GBPUSD market update from @MartinSEssex here:https://t.co/ymQqurP9Nw https://t.co/pmPrbAgrC6
  • One for the ECB minutes to provide clarity - Lagarde says there was "broad" consensus over EUR 600bln boost in PEPP
Forex News: Italian GDP Declines for a Fifth Quarter

Forex News: Italian GDP Declines for a Fifth Quarter

2012-12-10 10:37:00
Benjamin Spier, Technical Strategist
Share:

THE TAKEAWAY: Italian GDP declines 0.2% in Q3, confirms earlier estimate -> 5 straight quarters of economic contraction -> Euro trading steady

The Italian economy continued a fifth straight quarter of negative growth according to the final estimate of the third quarter gross domestic product. The final estimate of a 0.2% decline in GDP was in line with a previous estimate and better than the second quarter’s 0.7% decline. The Italian economy contracted 2.4% from Q3 2011, according to the Italian Statistics Institute.

Household spending declined 1% over the third quarter, while exports only increased 0.5% over the same quarter.

Over the weekend, PM Mario Monti announced that he will resign from office after the Italian Parliament passes the 2013 budget. He is not winning in polls ahead of the elections expected to happen in February, and therefore there are worries that Monti’s successor won’t continue Monti’s economic reforms. The Italian elections are therefore now one of the foremost issues worrying Euro investors.

The Euro did not significantly react to the Italian GDP. EURUSD is trading slightly higher in today’s forex markets after opening lower than Friday’s close, following the weekend 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

Italian_GDP_Declines_for_a_Fifth_Quarter_body_eurusd_daily_chart.png, Forex News: Italian GDP Declines for a Fifth Quarter

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

DISCLOSURES

News & Analysis at your fingertips.