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
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • 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: https://t.co/t9Flsqcxo9 https://t.co/JMWQGjwHZL
  • Please join @MartinSEssex at 5:30 EST/9:30 GMT for a webinar on trader sentiment. Register here: https://t.co/diCwqqa7eS https://t.co/xJElAXG54I
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/YelFfA2Vst
  • 🇮🇩 Interest Rate Decision Actual: 3.5% Expected: 3.5% Previous: 3.5% https://www.dailyfx.com/economic-calendar#2021-04-20
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfJhp91 https://t.co/5xuwJi0xvX
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.02% Silver: 0.36% Gold: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/3QhJMfTWva
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.65% 🇳🇿NZD: 0.58% 🇨🇦CAD: 0.39% 🇬🇧GBP: 0.13% 🇨🇭CHF: 0.03% 🇯🇵JPY: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3ngNFGV4CH
  • Heads Up:🇮🇩 Interest Rate Decision due at 07:30 GMT (15min) Expected: 3.5% Previous: 3.5% https://www.dailyfx.com/economic-calendar#2021-04-20
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.13% US 500: 0.08% Germany 30: -0.16% France 40: -0.19% FTSE 100: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/cmd7UutJDY
  • 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: https://t.co/9S5tXIs3SX https://t.co/bg5cVcLvvW
Euro Slides on Catalan Independence Vote, Spanish Stocks Fall

Euro Slides on Catalan Independence Vote, Spanish Stocks Fall

Martin Essex, MSTA, Analyst

Talking Points

- EUR/USD fell in early European business Monday after the violent independence poll in Catalonia.

- Spanish stocks dropped and Spanish sovereign bond yields jumped.

Check out our Trading Guides: Several new ones are now available including Forex for Beginners, Building Confidence and Traits of Successful Traders

The Euro fell back in early European trading Monday in the wake of the secession vote in Catalonia. Spanish riot police used batons and rubber bullets against voters and Catalan officials said more than 800 people were injured in clashes. Some 90% of those able to vote chose independence from Spain, according to Catalan officials.

In the markets, EUR/USD eased but the drop was not enormous, with the pair sliding from a high of 1.1832 Friday to around 1.1740.

Chart: EUR/USD Five-Minute Timeframe (September 29 to October 2, 2017)

Euro Slides on Catalan Independence Vote, Spanish Stocks Fall

Chart by IG

Elsewhere in the markets, the yield on benchmark 10-year Spanish sovereign bonds climbed by 3.3% to 1.668%, putting the spread over 10-year German Bunds at 118.8 basis points. The IBEX 35 index of Spanish stocks was down 0.95% at 10,283.

The violent Catalan vote, which had earlier been banned, could lead to a constitutional crisis in Spain and is likely to end with an offer by Madrid of more autonomy for the region centered on Barcelona.

--- Written by Martin Essex, Analyst and Editor

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

Follow Martin on Twitter @MartinSEssex

For help to trade profitably, check out the IG Client Sentiment data

And you can learn more by listening to our regular trading webinars; here’s a list of what’s coming up

Like to know about the Traits of Successful Traders? Just click here

Or New to Forex? That guide is here

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

DISCLOSURES