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
Bullish
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
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
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Levels for Yields on the $US10Y post-#NFP . . . Watch the close today. . https://t.co/ZFZnLXiH5f
  • And now people are wondering why said group of workers is no longer willing to accept low wages? This is a major psychological shift on a society-wide level.
  • After decades of calling certain workers "low skill," we then have a dramatic turn of pace with calling them "essential" during the pandemic, seeing as how society would have literally collapsed without them....
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.00% FTSE 100: 0.46% France 40: 0.20% US 500: 0.20% Wall Street: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/y6AovkZ4X1
  • re: talk that April US NFP reflects workers unwilling to take COVID risk at current wages Is it really a surprise?
  • from the talking points in this article on Wednesday. Illustrated this morning with #NFP and $SPX, $NDX https://t.co/cZLAoRbPvi https://t.co/el8fsm9i15
  • Heads Up:🇷🇺 Foreign Exchange Reserves (APR) due at 13:00 GMT (15min) Previous: $573.3B https://www.dailyfx.com/economic-calendar#2021-05-07
  • $EURUSD rips right back up to fibo resistance zone after the falling wedge reversal https://t.co/Z5TlCSvHtB https://t.co/SFX4kaPYHw
  • Watch your live NFP coverage with @CVecchioFX here:https://t.co/8W0SxoTWhz
  • $USDCAD both $USD weakness and $CAD strength brewing, makes for a strong trend. Talked about this in the webinar, usdcad now down to fresh three year lows https://t.co/SWsJ4Mhufv https://t.co/S3x5qVYvet
Eurozone Construction Output Falls in March, EUR/USD at Support

Eurozone Construction Output Falls in March, EUR/USD at Support

David Maycotte,

Talking Points:

Eurozone Construction Output fell 0.6 percent in March as construction rose year-on-year 5.2 percent.

Both figures were revised higher in February with the month-on-month rate revised to 0.4 percent from 0.1 percent, and the headline year-on-year rate revised to 7.5 percent from 6.7 percent. The single piece of data is unlikely to support the Euro or exude a lasting market move. The Euro remains vulnerable to downside risk, particularly as speculation for ECB stimulus gathers pace amid worsening data.

Price stability is the primary objective for the ECB that the disappointing rate of output growth may encourage an expansion of stimulus efforts. Stubborn deflation has plagued policy officials that the ECB announced the possibility of intervention in June.

The EUR/USD rose following the data. A wedge bottom pattern marks support for EUR/USD.

Eurozone Construction Output Falls in March, EUR/USD at Support

EUR/USD 5-Minute Chart created using FXCMMarketscope 2.0.

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

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

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

DISCLOSURES