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
EUR/USD
Bearish
Oil - US Crude
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
Wall Street
Bearish
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
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
GBP/USD
Mixed
USD/JPY
Bearish
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
More View more
Real Time News
  • 🇺🇸 MBA Mortgage Applications (23/OCT) Actual: 1.7% Previous: -0.6% https://www.dailyfx.com/economic-calendar#2020-10-28
  • 🇺🇸 MBA Mortgage Applications (23/OCT) Actual: 1.7 Previous: -0.6% https://www.dailyfx.com/economic-calendar#2020-10-28
  • $AUDUSD getting absolutely hammered at the moment, down over 0.5% since the London session opened Next key support level seems to come in at the 0.7070 mark with a break below carving a path for price to retest the monthly low (0.7020) $AUD #technicalanalysis https://t.co/9ynzvhSNK2
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.51%, while traders in NZD/USD are at opposite extremes with 74.45%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PpTagTe3eM
  • Heads Up:🇺🇸 MBA Mortgage Applications (23/OCT) due at 11:00 GMT (15min) Previous: -0.6% https://www.dailyfx.com/economic-calendar#2020-10-28
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: -0.56% Silver: -0.70% Oil - US Crude: -3.89% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Y9FMU0wUMo
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:https://t.co/7kPzAoNoLG https://t.co/UvqOCYfxgX
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.20% 🇦🇺AUD: -0.34% 🇨🇭CHF: -0.35% 🇨🇦CAD: -0.42% 🇬🇧GBP: -0.50% 🇳🇿NZD: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ZcpUZzcGyf
  • Sea of red in the equity space - Germany, France and Italy shed 3%+ @DailyFXTeam Prices via @IGcom https://t.co/v2VR9m7X3a
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: US 500: -1.32% Wall Street: -1.62% FTSE 100: -1.62% France 40: -2.84% Germany 30: -2.96% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/SA9Hgq3CSf
Euro Steady on European Election Results, But for How Long?

Euro Steady on European Election Results, But for How Long?

2019-05-27 01:00:00
Dimitri Zabelin, Analyst
Share:

TALKING POINTS – EUROPEAN PARLIAMENT ELECTION RESULTS, EURO

  • EURCHF, EURUSD cautiously edging higher
  • Risks with European elections to be revealed
  • What will be impact of ideological rift in EU?

See our free guide to learn how to use economic news in your trading strategy!

EURUSD and EURCHF edged cautiously higher early into Monday’s trading session as exit polls from the European Parliament elections began to cross the wires. The modest gains may be the result of reports showing center parties performing better than expected. However, it is worth noting that they are not doing well by historical standards. The European Parliament will likely show greater fragmentation this year than ever before.

EURCHF and EURUSD edged higher on cautious optimism, though some weakness is showing

Chart Showing EURUSD, EURCHF

Exit polls have the European People’s Party (EPP) and the Progressive Alliance of Socialists and Democrats (S&D) still occupying the first and second-most seats in parliament, respectively. Collectively, eurosceptic parties have garnered a little under 30 percent of all seats in the legislative branch, though this in no way makes their potential impact and influence any more limited. There is likely much trouble ahead, however, despite this not being reflected in the price movement of the Euro at the moment.

Chart Showing European Election Results

Source: Europe Elects

The lack of volatility could be because the risk associated with the European elections have not yet materialized. On May 28, European leaders will begin discussing prospective candidates to lead key EU institutions including the ECB, European Commission and European Council. The ideological fragmentation in the legislative branch and potential gridlock may be revealed during this particular event. This is where a pickup in Euro volatility may be seen.

Looking ahead, monitoring the statements from influential eurosceptic party leaders such as Marine Le Pen and Matteo Salvini will be crucial in gauging the potential level of disruption that may occur in the coming days, weeks and months. European bond markets and the Euro will be more uptight than usual due to the uncertainty associated with an unprecedented level of anti-establishment candidates in this year’s election and what that means for the future of the EU.

FX TRADING RESOURCES

--- Written by Dimitri Zabelin, Jr Currency Analyst for DailyFX.com

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

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

DISCLOSURES