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
  • 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:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • USD/CAD has bounced off a key support area on Friday and could potentially charge higher in the coming week as risk-aversion over coronavirus fears has started to dominate market moves. Get your weekly CAD technical forecast from @DColmanFX here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
Euro Trading Slightly Higher as Core Inflation Upticks

Euro Trading Slightly Higher as Core Inflation Upticks

Oded Shimoni, Junior Currency Analyst

Talking Points:

- The Euro trading slightly higher versus other major currencies

- Headline CPI at -0.1%, as expected. Core CPI Printing +1.0%, better than expected

- The pickup in the Core rate may have boosted the appeal of the single-currency

See how retail traders are positioning in the majors in your charts using the FXCM SSI snapshot.

The Euro traded slightly higher versus most major currencies (at the time this report was written) after the Euro-Zone’s Consumer Price Index (CPI) figures released today by Eurostat, the statistical office of the European Union, showed a slight uptick in Core Inflation in March. The preliminary headline reading showed consumer prices fell an annualized -0.1%, which was in line with expectations. The prior reading was -0.2%. Core CPI, which strips out volatile elements like food and energy prices, printed +1.0% percent, above the prior +0.8%, and the expected +0.9% (all annualized as well).

The European Central Bank (ECB) will start to increase bond purchases to 80 billion euros from the prior 60 billion euros this Friday after announcing new stimulus measures earlier this month, with the central bank targeting a rate of close to, but lower than 2% inflation.

The figures released today indicate that the ECB is still far from reaching their objectives, but as was mentioned earlier today by DailyFX Currency Analyst David Song, the pickup in the core rate of inflation may have boosted the appeal of the single-currency. It seems the market interpreted the figures as supporting a view for a lesser need from the ECB for additional monetary support, and the Euro traded higher versus most major currencies.

EUR/USD 5 Minute Chart: March 31, 2016

Euro Trading Slightly Higher as Core Inflation Upticks

--- Written by Oded Shimoni, DailyFX Research

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