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
Oil - US Crude
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
  • Amazon Earnings Cast a Shadow on Nasdaq 100. APAC Stocks to Open Mixed
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.22%, while traders in Wall Street are at opposite extremes with 77.28%. See the summary chart below and full details and charts on DailyFX:
  • Delta Variant accounts for 92% of new Covid cases in the US
  • Crude oil prices are trading largely unchanged following last week's rebound as the Delta variant of Covid and Chinese regulatory measures temper the near-term demand outlook. Get your market update from @FxWestwater here:
  • The British Pound could remain vulnerable against the US Dollar while perhaps looking to push higher against the Australian Dollar, Canadian Dollar and New Zealand Dollar.Get your market update from @ddubrovskyFX here:
  • Hang Seng Index Futures at Key Inflection Point, Top to Resume? - #HSI1! chart
  • Amazon Q2 Earnings: -EPS at $15.12, versus $12.28 estimate (23% higher) -Revenue at $113 billion, versus $115 billion estimate (1.7% lower) -Share price tumbled 7% during after-hours trade as the company reported a slight revenue miss and gave weak third-quarter guidance
  • 🇯🇵 Industrial Production YoY Prel (JUN) Actual: 22.6% Previous: 21.1%
  • 🇯🇵 Retail Sales YoY (JUN) Actual: 0.1% Expected: 0.2% Previous: 8.3%
  • The S&P 500 and Dow Jones could remain biased higher now that retail investors are back to aggressively shorting them. But, will recent shifts in sentiment materially change the broader outlook? Find out from @ddubrovskyFX here:
ECB Minutes Point to Stubborn Inflation

ECB Minutes Point to Stubborn Inflation

Nick Cawley, Strategist

Talking Points

- ECB minutes show solid growth and stubbornly low inflation.

- The single currency continues to rally despite the central bank’s pledge to keep monetary policy loose.

Check out our new Trading Guides: they’re free and have been updated for the fourth quarter of 2017

The latest ECB minutes, from the October 25-26 meeting, highlight a strong Euro-Zone economy still blighted by persistently low inflation. The minutes said that economic expansion continued to be solid and broad-based across countries and sectors with the latest information pointing to stronger-than-expected growth in the second half of the year. However, as in the past, stubbornly low inflation is forcing the central bank to keep buying government bonds (QE) to drive price pressure in the block.

“Overall, members continued to emphasise that, while the ongoing economic expansion increased confidence that inflation dynamics would strengthen over time, patience, persistence and prudence were still required, as this process was expected to take time and remained contingent on a substantial degree of monetary policy accommodation.”

The single-currency shrugged off the release and continued to push ahead against a weak US dollar, edging towards multi-week highs. A strong EUR coupled with a greenback pulled lower by fears the US inflation may remain below 2% for longer than originally anticipated is pushing the pair higher. And the USD is unlikely to get any substantial domestic support over the next 48 hours with America closed Thursday for the Thanksgiving Holiday while markets will only be open for a limited time on Friday.

Chart: EURUSD Four Hour Timeframe (November 7 - November 23, 2017)

ECB Minutes Point to Stubborn Inflation

Chart by IG

Would you like to know the Traits of Successful Traders and how to find the Number One Mistake Traders Make? If so, click here.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at

Follow Nick on Twitter @nickcawley1

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