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
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
Oil - US Crude
Wall Street
More View more
Real Time News
  • Coronavirus continues to spread rapidly in the US and Latin America causing risk sentiment to falter despite ongoing economic recovery. Get your #currencies update from @HathornSabin here: https://t.co/RCQR6z77qY https://t.co/E2jzemH6bQ
  • The ASX 200 and AUD/JPY are at risk of losses as cases of Covid-19 continue to climb in Victoria, Australia’s second-most populous state. Get your #ASX market update from @DanielGMoss here: https://t.co/O0LNvhgsQo https://t.co/Xq2lDE6s1T
  • Risk performance disparity is front and center while systemic issues meet key event risk. My trading video for the week ahead; '#Dow, $EURUSD, $GBPUSD Breakout Levels and Events Next Week' https://www.dailyfx.com/forex/video/daily_news_report/2020/07/11/Dow-EURUSD-GBPUSD-Breakout-Levels-and-Events-Next-Week.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/1Fp5OxRbiS
  • This week, EUR/USD rallied to a multi-week high. Will bulls keep leading the price next week? Get your #currencies update from @malkudsi here: https://t.co/zUozw703uC https://t.co/LIEcx52Xh0
  • The New Zealand Dollar is aiming higher, with NZD/USD eyeing fresh yearly highs while AUD/NZD may be carving out a bearish Head and Shoulders chart pattern. Get your $NZDUSD market update from @DanielGMoss here:https://t.co/osFxXvq5xF https://t.co/Uk2RhkEyQO
  • A plethora of UK data, however, external factors remain the key driver as GBP/USD edges towards 200DMA. Get your #currencies update from @JMcQueenFX here: https://t.co/bWJGyiUSpQ https://t.co/qAg8NrAZor
  • The Japanese #Yen may rise if a growing number of coronavirus cases around the world puts a premium on anti-risk assets. JPY’s gains may be amplified if corporate earnings fail to impress investors. Get your #currencies update from @ZabelinDimitri here: https://t.co/yP4revKq6J https://t.co/7smgRKspLU
  • The US Dollar index (DXY) may face range bound conditions over the coming days amid the failed attempt to test the June low (95.75). Get your #currencies update from @DavidJSong here: https://t.co/GsBcE6Z4G6 https://t.co/HIJ4vvcBIg
  • The Dow Jones could fall based on positioning signals, will the growth-linked Australian Dollar and Canadian Dollar follow? If so, what are the technical barriers ahead? Find out from @ddubrovskyFX here:https://t.co/yJrlR5C00P https://t.co/FzkIBlJLHG
  • Further gains in USD/IDR could be curbed as USD/PHP establishes a floor around 2017 lows. USD/MYR may fall next as USD/SGD fast approaches a key falling trend line.Get your #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/9JgZm2n8Fl https://t.co/FeBuqJ64qB
EUR/USD Recoups The Critical 1.36 Handle After German CPI Figures

EUR/USD Recoups The Critical 1.36 Handle After German CPI Figures

2014-07-11 06:40:00
Edward Hyon,

Talking Point:

  • German CPI (MoM): 0.3% Actual Vs 0.3% Estimated; 0.3% Prior.
  • German CPI (YoY): 1.0% Actual Vs 1.0% Estimated; 1.0% Prior.
  • EUR/USD Breaks the Critical 1.3600 Level After the Data Release.

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

German Consumer Price Index (CPI), which measures changes in the prices of consumer items, increased by 1.0 percent year-on-year for the month of June. This print was faithful to market expectations of 1.0 percent and uniform to the prior month’s price-growth. On a month-to-month basis, the gauge for the strength of domestic inflationary pressures, also crossed the wires in line with economists’ forecasts of 0.3 percent.

Ahead of the data, EUR/USD ran out of gas as it slid below the psychologically significant 1.3600 level to trade as low as 1.3595. The pair’s drift lower may have reflected some anticipation of a weak CPI reading given the data had underperformed relative to consensus forecasts since July 2013 amid swelling stimulus expansion bets says DailyFX Currency Strategist Ilya Spivak. But after the data release, the Euro trimmed losses against the US Dollar to break through the 1.3600 handle.

From a technical perspective, Ilya Spivak mentions near-term support rests at 1.3583 (23.6% Fib Exp.) and support-turned-resistance at 1.3668. He is currently short EUR/USD at 1.3644 in line with the long-term fundamental outlook.

EUR/USD 5 Minute Chart

EUR/USD Recoups The Critical 1.36 Handle After German CPI Figures

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here


Edward Hyon, DailyFX Research Team

Keep up to date on event risk with DailyFX Calendar

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


News & Analysis at your fingertips.