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
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here:
  • $EURGBP post BoE:
  • $GBPUSD stabilising after dip on BoE:
  • So in summary BoE marginally more dovish than expected, and that key word "transitory" is still there. "The Committee’s expectation is that the direct impact of rises in commodity prices on CPI inflation will be transitory."
  • BoE says "CPI inflation is expected to pick up further above the target, owing primarily to developments in energy and other commodity prices, and is likely to exceed 3% for a temporary period."
  • BoE - Staff upwardly revised UK Q2 GDP by 1.5% from May Report BoE - Inflation likely to exceed 3% for a temporary period. GBP/USD falls to day's low of 1.3912 #boe #gbpusd @DailyFXTeam
  • BoE says - bank staff revise up their expectations for UK GDP in Q2 by 1.5% since May report - Inflation likely to exceed 3% for a temporary period
  • Initial reaction in $GBPUSD to Bank of England negative
  • Vote on QE was 8-1, with Haldane dissenting - GBP sold given hawkish expectations heading into the meeting
  • 🇬🇧 BoE Quantitative Easing Actual: £875B Expected: £875B Previous: £875B
EUR/USD Near a Key Support Level; Eurozone CPI Slows in May

EUR/USD Near a Key Support Level; Eurozone CPI Slows in May

David Maycotte,

Talking Points:

The preliminary set of May’s Eurozone CPI figures underlines the stubbornly low-inflationary environment that has gripped the Eurozone. The headline year-on-year inflation rate registered at 0.5 percent, missing expectations calling for a print of 0.6 percent, and down from 0.7 percent recorded in the previous month.

News-flow from the currency bloc has increasingly disappointed relative to market expectations in recent months, opening the door for downside surprise, and Eurozone unemployment surprised indeed, but on a positive note. The headline unemployment figure reported at 11.7 percent, beating analyst expectations calling for a print of 11.8 percent, and hitting a 4-month low.

The European Central Bank (ECB) interest rate decision on Thursday is followed by a policy announcement. Market participants will look to the actions by the ECB for a broader outlook on the single currency. The Euro has been under pressure as of late as traders speculate on ECB stimulus at the June meeting.

The Euro rebounded from year-to-date lows near at the 1.3600 handle. The EUR/USD technical perspective shows the rate is in a near term downtrend, but shows the rate at an important support level.

EUR/USD Near a Key Support Level; Eurozone CPI Slows in May

EUR/USD 5-minute – using FXCM Marketscope 2.0.

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

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.