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
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
Wall Street
More View more
Real Time News
  • After rising back above the 1.60% level to a high around 1.63% earlier today, US 10yr Treasury yields have moved back lower. They are now trading around an intraday low of 1.56%. $USD
  • Discord has walked away from sale talks with $MSFT now eyeing potential IPO
  • here we go, webinar starting right now 1) USD Q2 Weakness 2) Gold brewing bullish potential? 3) Stonks through initial earnings outlays
  • The Euro has slipped to an intraday low amidst the German Greens surging to a lead over Merkel's CDU in a new poll. $EUR $USD
  • $USDCAD has strengthened today, rising to a one week high near the 1.2600 level. The Canadian Dollar has suffered amidst a drop in oil prices and extended travel restrictions. $USD $CAD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX:
  • In line with the general risk-off sentiment, oil prices have come under notable selling pressure with both Brent and WTI crude futures falling 2-2.5%. Get your #crudeoil market update from @JMcQueenFX here:
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Gold: 0.49% Silver: 0.42% Oil - US Crude: -1.41% View the performance of all markets via
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.08% 🇯🇵JPY: 0.07% 🇪🇺EUR: 0.04% 🇦🇺AUD: -0.17% 🇬🇧GBP: -0.23% 🇨🇦CAD: -0.30% View the performance of all markets via
  • - Recovery in the US is improving - The increase in Covid cases is concerning, but vaccines give optimism for a return to more normal conditions later this year
EURO Moves After IMF Reports

EURO Moves After IMF Reports

Jason Shemtob,

THE TAKEAWAY: IMF reports on Greece and Portugal indicate continual difficulties in the Euro Zone > Greece remains financially weak, while Portugal may re-enter bond market in late 2013 > EUR/USD traded lower.

The Euro fell following two IMF reports revealing the tenuous state of the Greek recovery and Portugal’s attempts at austerity. The Greek economic review, released at approximately 15:30 GMT, came on the heels of a €3.24B loan installment approved on Wednesday and highlights the country’s continuing struggles. Greek GDP is expected to shrink 4.2% during this year alone and economists estimate that the country will face a financial shortfall of between €5.5 billion and €9.5 billion in 2015 and 2016. Aside from insolvency, the IMF report also mentioned political instability as a major threat to Greece’s salvation. Although the country’s financial situation appears dire, the IMF remains committed to the nation’s recovery, fearing a Greek exit from the EU and loss of the Euro currency.

The IMF’s Portugal Staff report, released two hours later, was less dismal in its review, claiming that the country’s austerity measures were broadly on track, with Portugal potentially returning to the bond markets in late 2013. Should Portugal begin selling new bonds again, it would be able to exit its three year, €78 billion bailout program, scheduled for next year. Nonetheless, significant threats to the nation’s recovery remain with unemployment above 16% and a budget deficit over €5.2 billion.

Investors appeared unconcerned, at least in the short time, with the IMF reports. The EUR/USD fell approximately 22 pips from 1.3314 to 1.3282 following the Greek report, but recovered rapidly and stood down 0.44% on the day. The IMF’s statements, however, point to continual EU instability, which threatens the Euro and may lead to major price depreciation should Greece, Portugal, and other troubled EU nations fail to find economic stability.

EURO_Moves_After_IMF_Reports_body_20120118_imf.jpg, EURO Moves After IMF Reports

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