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. See our updated Privacy Policy here.



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
More View more
Real Time News
  • (ASEAN Fundy) US Dollar Outlook: Federal Reserve in Focus for SGD, THB, IDR, PHP Amid Covid Risks #ASEAN #USD $USDSGD $USDTHB $USDIDR $USDPHP #Covid
  • What is your forex trading style? Take the quiz and find out:
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.36% Gold: 0.21% Oil - US Crude: -0.43% View the performance of all markets via
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇬🇧GBP: 0.07% 🇨🇭CHF: 0.04% 🇳🇿NZD: -0.06% 🇦🇺AUD: -0.12% 🇨🇦CAD: -0.13% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.48%, while traders in Wall Street are at opposite extremes with 78.79%. See the summary chart below and full details and charts on DailyFX:
  • 🎯 Bitcoin extending its surge through the weekend to trade back above $35K. Seeing some serious upward momentum here, but in light of Fed event risk this week, it may be prudent for short-term tactical traders to consider unwinding exposure a bit. #Bitcoin $BTC $BTCUSD
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • RT @FxWestwater: Asia AM - New Zealand Dollar Outlook: $NZDUSD Breakout Chance Shifts Into View…
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
Euro Rebound Continues After German Jobs, Eurozone CPI Data

Euro Rebound Continues After German Jobs, Eurozone CPI Data

David Maycotte,

Talking Points:

  • German Unemployment Fell 15K vs. Estimated 1K in December
  • Flash Eurozone CPI Showed Inflation Slowed to 0.8%, as Expected
  • Euro Resumed Recovery vs. US Dollar After Uneventful Data Set

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

The Euro resumed yesterday’s recovery against the US Dollar after an uneventful set of economic data failed to offer new direction cues. German Unemployment fell 15,000 in December, beating expectations calling for a 1,000 decline. EUR/USD initially moved lower following the outcome but prices swiftly recovered as investors awaited the release of flash Eurozone CPI data.

That report proved little more eventful: the benchmark year-on-year inflation rate slowed to 0.8 percent as expected, offering little that would disrupt the ECB policy outlook status quo. With the day’s scheduled event risk in the rearview mirror, the single currency seems to have returned to the dynamic prevalent over the preceding 24 hours, correcting higher against the greenback having tumbled dramatically in the first two trading days of 2014.

EURUSD 5-minute. January 7, 201.

Euro_Rebound_Continues_After_German_Jobs_Eurozone_CPI_Data_body_Picture_1.png, Euro Rebound Continues After German Jobs, Eurozone CPI Data

Charted created by David Maycotte using Marketscope 2.0.

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to

Get Real-Time Feedback on Your Trades withDailyFx on Demand!

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