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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bearish
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
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • if looking to fade the recent run of $USD strength, $GBPUSD a compelling option. Prior high-flyer beset by a sizable pullback on the USD spike. https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/03/01/British-Pound-Technical-Analysis-GBPUSD-GBP-USD-Pullback-Grinds-Support.html https://t.co/trjy7gn1Ty
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 0.25% Oil - US Crude: -0.23% Gold: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/nqH4Sv6kKM
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.95% 🇨🇦CAD: 0.69% 🇳🇿NZD: 0.58% 🇯🇵JPY: -0.09% 🇪🇺EUR: -0.11% 🇨🇭CHF: -0.56% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/6y7ipeRMTH
  • interested to see the responses here $Gold https://t.co/NBz8Jyy1qu
  • Gold prices hit a fresh seven-month low last week, eventually finding Fibonacci support. But with US rates in focus for the Fed on 3-16 - what will happen first?
  • https://t.co/mviHFA68q9
  • #Bitcoin, #Gold, #Dollar, $EURUSD, $AUDUSD and $USDCAD Technical Levels - (Webinar Archive) - https://t.co/YozHhSFHxc
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: US 500: 2.39% Wall Street: 2.18% FTSE 100: 0.23% Germany 30: 0.17% France 40: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/O0R5hSwfSN
  • #Gold attempted to rebound from multi-month lows today, climbing as high as $1,760 before hitting resistance and turning back downwards. The precious metal is now trading back around $1,735. $XAU $GLD https://t.co/QgXRBljgWe
  • Equities have managed to start the new month on the front foot as bond yields are taking a breather from their rapid surge over the last few weeks. DAX 30 bulls aim towards the 14,000 mark. Get your #DAX market update from @HathornSabin here:https://t.co/E7CYIM0KQC https://t.co/bnFyQfXLP6
Euro Surges After Cyprus Was Able To Protect Small Depositors

Euro Surges After Cyprus Was Able To Protect Small Depositors

Christopher Almeida and Robin Leung,

THE TAKEAWAY: The Euro surged higher as Cyprus reached an agreement with the Troika in early Asian trading that claimed to protect small depositors with deposits under 100,000 euros.

Cyprus President Nicos Anastasiades reached a tentative agreement with the Troika in early Asian trading for a 10 billion euros bailout loan. The deal claimed to protect small depositors with deposits under 100,000 euros. Meanwhile, deposits above 100,000 will be subject to losses up to 40 percent.The solution to the Cyprus deadlock has safeguarded investors’ confidence and quelled the fear of an exit of Cyprus from the Eurozone. The short-term goal of the deal was to avert substantial deposit withdrawals once the banks in Cyprus open again, which would otherwise lead to insolvency risks in the banking sector.

Negotiations are ongoing, however the agreement called for the Cyprus Popular Bank Pcl to be shut down and split, with the Bank of Cyprus taking over the assets of the CPB and receiving 9 billion euros in liquidity provided by creditors.

Despite concerns in Cyprus partially dissipating, the remaining uncertainties on the exact amount of losses from uninsured deposits could still add to the possibility of a Cyprus exit from the Eurozone if the bailout loan is not matched by 5.8 billion euros from the Cyprus banking sector. This agreement also marks the second time in just 9 days that Cyprus has struck a deal with the IMF and other European creditors with the first deal falling apart just 3 days later when the Cypriot parliament rejected a proposed tax on all bank accounts.

Euro surged against most of its counterparts, led by an increase of 0.77 per cent versus the Yen and 0.27 per cent versus the U.S. Dollar.

EUR/USD 1 Minute Chart

Forex_News_Euro_Surged_After_Cyprus_Was_Able_To_Protect_Small_Depositors_body_Picture_1.png, Euro Surges After Cyprus Was Able To Protect Small Depositors

Chart Created by Robin Leung using Marketscope 2.0

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

DISCLOSURES