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
Wall Street
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
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • 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:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
EURUSD: Implied Volatility at 6-Week High as Traders Await ECB

EURUSD: Implied Volatility at 6-Week High as Traders Await ECB

Rich Dvorak, Analyst


  • EUR traders gear up for volatility ahead of the European Central Bank’s interest rate decision slated for 12:45 GMT tomorrow
  • Remarks from ECB President Mario Draghi will likely dictate the size and direction of price action
  • DailyFX provides a variety of trading resources found in our free Forex Education Center.For additional insight on currencies and the global markets, download the free DailyFX Top Trading Opportunities in 2019 Forecast

The overnight implied volatility on EURUSD forex option contracts exploded to its highest level since January 23 as currency markets prepare for potentially formidable price action. EURUSD traders are likely anticipating the European Central Bank’s rate review and follow-up commentary from President Mario Draghi to cause substantial price swings in the currency pair.


Currency market 1-day and 1-week implied volatility for EURUSD, GBPUSD, USDJPY, USDCAD, USDCHF, AUDUSD and NZDUSDForex Market Overnight and Weekly Implied Volatility

Although the ECB looks set to reiterate its zero-interest rate policy, the Eurozone’s head central banker may signal further willingness to support the bloc’s economy as downbeat data continues to disappoint. A tone that is interpreted as relatively dovish could put pressure on the Euro and send the currency to multi-week lows against the USD.


Upcoming European Central Bank ECB interest rate decision and Eurozone economic data

Visit the DailyFX Economic Calendar for a full list of data releases and event risks that impactUSD, GBP, CAD, JPY, AUD, CNY, EUR, CHF, NZD and MXN currencies.

Markets will also eye final readings on Eurozone employment and GDP numbers. Fresh job data out of the US in addition to the country’s consumer credit report should is likely on the radar as well.


EURUSD Currency Price Chart Prior to ECB Interest Rate Meeting March 2019

EURUSD spot prices evidently coiled into a symmetrical triangle pattern between the currency pair’s February high and low. A breakout would suggest a continuation of the longer-term downtrend. EURUSD’s one-day trading range derived from overnight implied volatility implies that prices will likely remain between the 1.1376 and 1.1260 handles.

Additional Insight:

EURUSD Rate Forecast – Bearish Series Brings 2019 and 2018 Low on Radar

EURUSD Holds Support Ahead of ECB; USDCAD Rallies to Two-Month High


Written by Rich Dvorak, Junior Analyst for DailyFX

Follow on Twitter@RichDvorakFX

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