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.

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
Mixed
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/IRly5vINGA
  • Gold prices surged to a 14-week high as the 10-year Treasury yield fell for a third day. Inflation fears and viral resurgence bolstered the appeal of the yellow metal, as Chinese buyers returned to the market. https://www.dailyfx.com/forex/market_alert/2021/05/17/Gold-Prices-at-14-Week-High-as-Yields-Fall-Chinese-Buyers-Return.html https://t.co/0M7qQ73c65
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.68%, while traders in France 40 are at opposite extremes with 84.03%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/NoT4omixyH
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.03% 🇬🇧GBP: -0.07% 🇪🇺EUR: -0.11% 🇨🇦CAD: -0.23% 🇦🇺AUD: -0.40% 🇳🇿NZD: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/GBc23P8NQJ
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.17% Germany 30: -0.05% FTSE 100: -0.10% US 500: -0.28% Wall Street: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/zEojicMMU8
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/mfwJ0sZLTs https://t.co/zyTHSyUiMd
  • 🇹🇭 GDP Growth Rate QoQ (Q1) Actual: 0.2% Expected: -0.8% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-05-17
  • 🇹🇭 GDP Growth Rate YoY (Q1) Actual: -2.6% Expected: -3.3% Previous: -4.2% https://www.dailyfx.com/economic-calendar#2021-05-17
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.63% Gold: 0.37% Oil - US Crude: 0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/SnUeYQAKdi
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.02% 🇬🇧GBP: -0.11% 🇪🇺EUR: -0.11% 🇨🇦CAD: -0.24% 🇦🇺AUD: -0.35% 🇳🇿NZD: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/d3OdjbE19m
Greek Unemployment up to 26.6%; EUR/USD Holds

Greek Unemployment up to 26.6%; EUR/USD Holds

Yash Gandhi,

Talking Points:

- Greek economy continues to suffer from high unemployment.

- Debt negotiations ongoing, but little progress to show for it.

- EURUSD trades near $1.1230 in hours after S&P cut debt rating.

After a reportedly productive meeting between German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras, there was renewed hope about moving past the impasse between Greece and her creditors. Nevertheless, Greece’s first quarter unemployment showed a +0.5% increase from Q4’14. The first three months of 2015 proved difficult for the labor market showing a 26.6% jobless rate overall. The figure was correctly anticipated due to the country’s worsening debt crisis, which saw yet another twist at the end of last week: Greece pushed back the IMF payment and bundled it to create an aggregate figure due at the end of the month.

The unemployment rate is -1.2% lower than the highest recorded jobless rate in the country’s history, which occurred during the Q1’14 at 27.8%. The data also showed a staggering 71.6% of Greeks that are unemployed have been out of work for at least 12-months, indicating long-term unemployment problems. The news comes after Standard & Poor’s decreased Greece’s credit rating to a CCC from a CCC+ just hours prior to the release of the quarterly employment data.

The Greek economy slipped back into recession during Q1’15 after showing a +0.7% improvement in 2014. Based on the European Union Commission’s forecasts, it will expand by +0.5% this year. Greece’s creditors continue to impose austerity to limit spending outside of the debt repayment. This process has weakened the economy significantly and proved a difficult problem for the EU and Greece. German Chancellor Merkel spoke following overnight talks with Greek Prime Minister Tsipras saying, “Greece will now work emphatically and at full steam with the three institutions in coming days to try to clear up all the outstanding issues.”

Throughout the ongoing issues that are occurring in Greece, the Euro showed stability against the Dollar, trading at $1.1230 at the time of writing. The next few days will prove to be vital as bailout talks will continue to avoid Greece from defaulting at the end of the month.

EUR/USD Chart

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

DISCLOSURES