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
  • Heads Up:🇯🇵 Coincident Index Final (JUL) due at 05:00 GMT (15min) Previous: 94.6
  • Heads Up:🇯🇵 Leading Economic Index Final (JUL) due at 05:00 GMT (15min) Previous: 104.6
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Heads Up:🇨🇳 Industrial Profits (YTD) YoY (AUG) due at 01:30 GMT (15min) Previous: 57.3%
  • RT @FxWestwater: Australian Dollar Forecast: $AUDUSD Action May Swing on Chinese Industrial Profits Link: https://…
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading 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:
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX!
  • (Weekly Fundy) Crude Oil May Rise as Covid Case Growth Slows. WTI Eyes OPEC Outlook, Evergrande #CrudeOil #WTI #OPEC #Evergrande
EUR/USD Little Changed as Markit Euro-Zone PMIs Look Past Brexit

EUR/USD Little Changed as Markit Euro-Zone PMIs Look Past Brexit

Oded Shimoni, Junior Currency Analyst

Talking Points:

- Flash Eurozone Manufacturing PMI at 51.8 vs 52.0 prior and expected

- Flash Eurozone Composite PMI at 53.3, 7-month high

- Euro was little changed versus other major currencies, short term outlook here

Learn about the proper tenets of risk management with the “Traits of Successful Traders” series.

The Euro was little changed versus other major currencies (at the time this report was written) after today’s Flash Markit Eurozone PMIs printed mixed readings.

The Eurozone PMI Composite Index came at 53.3, above the expected 53.1 and the prior 53.2, which marked a 7-month high.

The Services PMI Activity Index printed 53.1, above the expected 52.8 print and the prior 52.9.

Manufacturing PMI declined to 51.8, below the prior and expected 52.0 figure.

The Euro-Zone numbers came after earlier today the German Markit PMI figures showed some easing, while the France figures mirrored the region-wide report with a miss in manufacturing but a beat in services and the composite index.

According to Markit, France is on course for its best quarter of growth so far this year, but continues to trail behind Germany in terms of the overall pace of expansion.

A reading of less than 50 indicates a contraction of activity, above 50 points to an expansion, and an index of50 says that no change has occurred.

Looking into the report, Markit remarked that inflationary pressures remained muted, and average selling prices fell again.

Markit said that the Euro-Zone remains on a steady growth path in the third quarter, with no signs of the recovery being derailed by ‘Brexit’ uncertainty.

Interestingly, Markit said that the resilience of the PMIs in August will add to the belief that the ECB will see no need for any immediate further stimulus, but some disappointing trends might push the central banks to keep the door open for more stimulus later in the year.

With the report showing a mixed bag of readings, while also adding commentary which might be generally in line with the market’s view, the Euro may remain “driver-less” for the time being.

Meanwhile, the DailyFX Speculative Sentiment Index (SSI) is showing that about 28.9% of traders are long the EUR/USD at the time of writing. This is an extreme SSI reading, as retail traders are apparently trying to fade the move higher.

You can find more info about the DailyFX SSI indicator here

EURUSD 5-Minute Chart: August 23, 2016

EUR/USD Little Changed as Markit Euro-Zone PMIs Look Past Brexit

--- Written by Oded Shimoni, Junior Currency Analyst for

To contact Oded Shimoni, e-mail

Follow him on Twitter at@OdedShimoni

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