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.



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
Wall Street
More View more
Real Time News
  • That if you’re offended by what someone says on Twitter and that ruins your day, you live an extremely lucky life to be able to have that be your biggest problem for the day.
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here:
  • Moving averages are extremely popular due to its easy-to-use nature and multitude of uses when trading. What are some popular moving averages and how can you use them? Find out:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • Long wick candles are recurrent within the forex market. This makes understanding the meaning behind these candles invaluable to any trader to comprehend the market dynamics during a specific period. Learn about the importance of extended wicks here:
  • Safe haven stocks also allow traders to diversify their portfolio and reduce risk. Learn if safe-haven stocks are made for you here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • but the next major point in my view to monitor will be 52.76 - at least in the short term.
  • #Brent having broken above the pre-OPEC drop off at 45.51 is a huge deal considering it failed to crack resistance there in August (leading to the invalidation of "uptrend 2") and the psychological significance of that level
EURUSD Little Moved On EZ Inflation Data; Political Risk Ramps Up

EURUSD Little Moved On EZ Inflation Data; Political Risk Ramps Up

2018-02-23 12:00:00
Nick Cawley, Strategist

Euro News and Talking Points

- EURUSD weakness remains as Euro-Zone inflation refuses to tick higher.

- The upcoming Italian election may cause the single currency to weaken further.

Check out our new Trading Guides: they’re free and have been updated for the first quarter of 2018.

EURUSD Weakness to Continue as Inflation Refuses to Move Towards Target

The final release of January Euro-Zone inflation painted a familiar picture with little price pressure in the single-bloc evident, causing ECB President Mario Draghi an ongoing headache. The final Eurostat headline inflation for January of 1.3% was 0.1% lower than December and the lowest rate since mid-2017, while core inflation remained mired at 1.0%.The persistently low level of price pressure will stifle any hawkish ECB talk of tightening monetary policy. The ECB bond buying program (QE) is scheduled to finish in September this year and unless inflation turns higher an extension of the programme is very likely, although the purchase size – currently EUR30b a month – will likely be trimmed.

EURUSD currently trades around 1.23000 with February 9 low around 1.2200 the likely next downside target ahead of the gap created by the January 12 candle that needs to filled down to 1.20900, a level that currently coincides with the 100-day EMA.

DailyFX chief currency strategist John Kicklighter covered the ECB’s latest problems, including the recently voiced ‘currency war’ with the US in his latest webinar.

EURUSD Price Chart Daily Time Frame (September 2017 – February 23, 2018)

EURUSD Little Moved On EZ Inflation Data; Political Risk Ramps Up

Chart by IG

Italian Election Likely to Rattle the Euro

Italy will hold a general election on March 4 after the previous government was dissolved on December 28, 2017. With no outright winner expected, a coalition government is the most likely outcome which will take some time to form and create uncertainty in the Euro-Zone as all parties involved in the discussions battle to get their policies implemented. The latest polls show a center-right coalition ahead of any center-left coalition, a potential problem for the EU. In addition, German coalition talks are still ongoing, adding another level of uncertainty to the EU political back-drop.

The Traits of Successful Traders and how to find the Number One Mistake Traders Make are just two of the topics covered in ourFree Trading Guides.

What’s your opinion on EURUSD?Share your thoughts with us using the comments section at the end of the article or you can contact the author via email at or via Twitter @nickcawley1.

--- Written by Nick Cawley, Analyst

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