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
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
  • USD/MXN drops back into its recent range as investors await further guidance from economic data. Get your weekly Mexican Peso forecast from @HathornSabin here:
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • What is your forex trading style? Take the quiz and find out:
  • Australian Dollar plunged for a fifth week but held key downtrend support at the yearly lows. Get your weekly AUD technical forecast from @MBForex here:
  • 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:
  • Last week’s march higher in EUR/USD may well extend further after Friday’s Eurozone economic statistics that will likely turn the ECB more hawkish on monetary policy. Get your weekly Euro forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Cable is pulling off after a strong run; near-term weakness may be the theme before trying to rally again. Get your weekly GBP technical forecast from @PaulRobinsonFX here:
  • 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:
Greece Heads to the Polls this Weekend Amid New Reform Environment

Greece Heads to the Polls this Weekend Amid New Reform Environment

Ryan Cox,

Talking Points:

  • Greece will hold its third election this year following Tsipras’ resignation last month
  • Tsipras’ party, Syriza, holds a slight lead in polls, though a coalition is most likely
  • Euro has shown little concern through the campaign phase, contrasting the volatility in July

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

Greece will hold a general election this Sunday to determine a new government. Following months of fear over the threat of a Eurozone exit through strained negotiations between former Prime Minister Alexis Tsipras and creditors in July, Tsipras was forced to give into bailout terms in August. Shortly after the agreement was struck, Tsipras stepped down as Greece’s Prime Minister paving the way for the upcoming election.

The key parties leading into the are Tsipras’ Syriza party and the New Democracy party led by Vangelis Meimarakis. Other parties looking to take win seats are the Pasok, Golden Dawn, Potami, and the Popular Unity parties. Recent polls show a higher ranking for Syriza though after three weeks of campaigning its closest rival has stayed within a thin margin, with one survey by Alpah TV putting Syriza at 26.2 percent and New Democracy at 25.1.

Despite the lead, it is not expected either will gain enough votes needed to secure a majority in the 300-seat parliament. If no party can gain the majority it is likely that a coalition between the parties will be necessary – a notion that EU leaders are hoping for. While Tsipras has ruled out the possibilities of a pact with the New Democracy party, a win by Syriza will give them an extra 50 seats which could help it form coalition with other, closer-minded parties.

Alexis Tsipras was elected Prime Minister in January behind the Syriza party promise to end bailouts and austerity measures for Greece. It was a promise that many felt was broken after he agreed to terms for a new bailout program following the Greek referendum in July. At its conclusion, this weekend’s vote will be the third election held in Greece this year, second for Prime Minister, which has added to the sense of instability in Greece and underlying difficulties with navigating a recovery in the Eurozone. The constant change of leadership and government instability has taken its toll on Greece’s GDP growth as 2Q nominal GDP fell by 0.7 percent q/q. The next Prime Minister will have to oversee strict reforms related to the 86 billion euro bailout leaving concern over Greece’s ability to put together a stable government quick enough to manage.

Since Alexis Tspiras stepped down in August the EURUSD has maintained a relatively tame range. That is a significant shift from the volatility generated by the country’s headlines in the weeks and months leading into the most intense period of the bailout negotiations.

Greece Heads to the Polls this Weekend Amid New Reform EnvironmentGreece Heads to the Polls this Weekend Amid New Reform Environment

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