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
Mixed
Oil - US Crude
Bearish
Wall Street
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
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here: https://t.co/qV3c7a4YR3 https://t.co/G9bHFJ8xI5
  • Gold Forecast: Gold Volatility Surging as Real Yields Tumble -via @DailyFX Link to Full Analysis: https://www.dailyfx.com/forex/market_alert/2021/05/10/gold-forecast-gold-volatility-surging-as-real-yields-tumble.html $GLD $GVZ $XAUUSD $GC_F https://t.co/ts3S5EnGSy
  • 🇳🇿 Electronic Retail Card Spending YoY (APR) Actual: 108.7% Previous: 5.1% https://www.dailyfx.com/economic-calendar#2021-05-10
  • 🇳🇿 Electronic Retail Card Spending MoM (APR) Actual: 4% Previous: 0.8% https://www.dailyfx.com/economic-calendar#2021-05-10
  • RT @FxWestwater: $AUDUSD Eyes Chinese Inflation Amid Iron Ore Strength, US Dollar Fragility Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/05/10/AUDUSD-Eyes-Chinese-Inflation-Amid-Iron-Ore-Strength-US-Dollar-Fragility.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/Rg0…
  • Heads Up:🇯🇵 BoJ Summary of Opinions due at 23:50 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-10
  • 🇯🇵 Household Spending YoY (MAR) Actual: 6.2% Expected: 1.5% Previous: -6.6% https://www.dailyfx.com/economic-calendar#2021-05-10
  • Heads Up:🇳🇿 Electronic Retail Card Spending YoY (APR) due at 23:45 GMT (15min) Actual: 108.7% Previous: 5.1% https://www.dailyfx.com/economic-calendar#2021-05-10
  • Heads Up:🇳🇿 Electronic Retail Card Spending MoM (APR) due at 23:45 GMT (15min) Actual: 4% Previous: 0.8% https://www.dailyfx.com/economic-calendar#2021-05-10
  • Heads Up:🇯🇵 Household Spending YoY (MAR) due at 23:30 GMT (15min) Expected: 1.5% Previous: -6.6% https://www.dailyfx.com/economic-calendar#2021-05-10
Euro-Zone Current Account Surplus Highlights Trade Tensions With US

Euro-Zone Current Account Surplus Highlights Trade Tensions With US

Martin Essex, MSTA, Analyst

Talking Points

- The Euro-Zone current account surplus fell in January.

- The Euro was unmoved by the news.

- See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for the week on the DailyFX Webinar Calendar.

The Euro-Zone current account surplus fell sharply in January. However, the news is unlikely to appease US President Donald Trump, who has attacked the trade imbalance between the Euro-Zone and the US.

On a non-seasonally-adjusted basis, the surplus fell sharply to €2.5 billion from a revised €46.9 billion in December while seasonally-adjusted figures showed a surplus of €24.1 billion, down from a revised €30.8 billion. The Euro was unmoved by the news.

Chart: EUR/USD One-Minute Timeframe (March 22, 2017)

Euro-Zone Current Account Surplus Highlights Trade Tensions With US

Chart by IG

Trump has expressed alarm about foreign competition, and his suspicion of trade deals was high on his agenda when he was running for President.

Meanwhile, the European Central Bank, in its report on the Euro-Zone current account data, said it reflected surpluses for goods (€24.1 billion), primary income (€12.1 billion) and services (€3.5 billion), which were partly offset by a deficit for secondary income (€15.5 billion).

The 12-month cumulative current account for the period ending in January 2017 recorded a surplus of €357.9 billion (3.3% of Euro-Zone GDP), compared with one of €321.6 billion (3.1% of Euro-Zone GDP) for the 12 months to January 2016.

--- Written by Martin Essex, Analyst and Editor

To contact Martin, email him at martin.essex@ig.com

Don't trade FX but want to learn more? Read the DailyFX Trading Guides.

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

DISCLOSURES