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
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
Wall Street
More View more
Real Time News
  • #Bitcoin continues its recent slump, now down almost 2.5% today $BTC $USD
  • Dollar Index remains above 90 as US equities put in a strong session $USD $DXY
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: 2.28% Gold: 1.47% Oil - US Crude: -0.15% View the performance of all markets via
  • EUR/USD carves a series of higher highs and lows ahead of the European Central Bank’s (ECB) first meeting for 2021. Get your $EURUSD market update from @DavidJSong here:
  • Silver noticeably higher during trade, now up over 2% $XAG $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 66.19%. See the summary chart below and full details and charts on DailyFX:
  • Canadian #Dollar Outlook: $USDCAD BoC Breakdown– #Loonie Levels -
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: US 500: 1.39% Wall Street: 0.76% FTSE 100: 0.18% Germany 30: 0.15% France 40: 0.15% View the performance of all markets via
  • US indices remain up following Biden's inauguration, with the S&P and Nasdaq hitting fresh all time highs today. DOW +0.76% NDX +1.83% SPX +1.33% RUT +0.12% $DOW $QQQ $SPY $IWM
Forex News: EU Finance Ministers Appoint ECB as Bank Supervisor

Forex News: EU Finance Ministers Appoint ECB as Bank Supervisor

Benjamin Spier, Technical Strategist

THE TAKEAWAY: EU Ministers appoint the ECB as banking supervisor -> Supervision to be enacted over at least 200 banks on March 1, 2014 -> Euro rises

European Union finance ministers have finally agreed to put the European Central Bank at the head of a Euro-zone wide banking supervision, which is set to be enacted on March 1 2014. The decision came following yesterday’s second day of deliberations following the failure to come to an agreement at the end of last week’s meeting.

EU Financial Services Commissioner Michel Barnier said that 200 banks should automatically qualify for the banking supervision, and any bank with direct banking supervision will be allowed direct access to bailout funds. Banks to be included in the supervision are those with at least 30-billion Euros of assets or with balance sheets that equal 20% of its country’s GDP. Until the banking supervisor is set up, banks may already apply for direct recapitalization from the ESM bailout fund. EU banks that are not in Euro-zone countries may also ask to be included in the supervision.

The European Parliament has to create the legal framework to allow the ECB to take up this new role, and its decision is expected by February 2013. Banking supervision will allow struggling banks to accept aid without adding to the country’s debt level.

The Euro rallied more than 25 points against the US Dollar in forex markets on news of the agreement, which was announced slightly after 03:00 GMT this morning. EURUSD is currently trading around 1.3095, and resistance has been provided over the last 3 month around 1.3139. Support could be provided by a year long downward trend line currently near 1.3063.

EURUSD Daily: December 13, 2012

EU_Finance_Ministers_Appoint_ECB_as_Bank_Supervisor_body_eurusd_daily_chart.png, Forex News: EU Finance Ministers Appoint ECB as Bank Supervisor

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