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
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
Oil - US Crude
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
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • NY Fed's GDP Nowcast model sees US Q1 GDP at 6.9% vs. 6.78% in prior week. #Fed $USD
  • Hey traders! Wrap up your week with a market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/zOiAQGMNzY
  • $EURGBP has strengthened today, rising back above the 0.8700 level for the first time in a week. The pair is trading near the highs set in mid April and late February. $EUR $GBP https://t.co/RSkMhvLQEQ
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.31% 🇦🇺AUD: 0.29% 🇨🇦CAD: 0.10% 🇬🇧GBP: 0.06% 🇨🇭CHF: 0.06% 🇯🇵JPY: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/OODkBySEaS
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: 0.66% Wall Street: 0.42% FTSE 100: -0.13% France 40: -0.28% Germany 30: -0.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/0PTPoUF2Jz
  • #Gold has slipped to its lowest level since Tuesday today. After meeting resistance around 1,795 this morning, the precious metal fell back to trade near the 1,770 level. $XAU $GLD https://t.co/tOiSk0n6t5
  • Biden’s proposed tax hike sees investors unload profitable assets. Bitcoin intensifies losses, falls below $50,000. Get your $btc market update from @Daniela here:https://t.co/pkHFvFotbz https://t.co/1R7T4HpfQX
  • With the US data beating expectations, we have all of the major developed world economies reporting April PMIs with a significant improvement in economic activity for the current month. Seems only black swans and regulations can stop the train now... https://t.co/HpOW5ul5YW
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.92% Gold: -0.24% Silver: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ck2iRms5Hp
  • Heads Up:💶 ECB President Lagarde Speech due at 14:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-23
GDP in Austria and Spain Continues to Show Expansion

GDP in Austria and Spain Continues to Show Expansion

Oded Shimoni, Junior Currency Analyst

Talking Points:

  • Spain’s 3Q year-on-year GDP expanded 3.4%, as expected
  • Austria’s 3Q year-on-year GDP expanded 1%, above expectations
  • Market awaits Eurozone’s CPI later today for further data

According to preliminary estimates released today by the Oesterreichische Nationalbank, Austria’s Gross Domestic Product (GDP) grew 0.3 percent in the third quarter of 2015 over the previous quarter, as was expected by economists. The year-on-year change in GDP was 1.0 percent, above the expected 0.3 percent, and the prior upwardly revised 0.7 percent, marking the highest growth rate since Q4 2013. Investment increased 1.4 percent from the prior Q2 reading of 1.1 percent, while external demand put downward pressure on the expansion. In this context it’s important to note that trade with other European countries accounts for the majority of Austrian imports and exports.

Spanish preliminary GDP estimates signaled growth eased to 0.8 percent in Q3 from an eight year high expansion of 1.0 percent in Q2, as was widely expected by economists. Year on year growth was up to 3.4 percent, above the prior 3.1 percent, and marked the best number since Q4 in 2007.

With both European nations GDP estimates signaling continuing expansion, the market will shift its focus to the Eurozone’s CPI data later today for further information on the economy, a week after Mario Draghi’s perceived dovish ECB press conference, in which he signaled that the ECB may extend or expand QE, with the possibility of a rate cut to the Eurozone’s deposit rate on deteriorating economic outlook.

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

DISCLOSURES