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.

Free Trading Guides
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
  • The inside bar pattern occurs regularly within the financial markets. Incorporating the inside bar strategy within a trading system can enhance a trader’s market analysis technique. Find out how you can use it from @WVenketas here: https://t.co/E3EWOYTYNw https://t.co/ZCT4pwc6nv
  • Greed has proven to be a hindrance more than assistance for traders. How does greed impact your trading? Find out from @RichardSnowFX here: https://t.co/aT8TZjlFqP https://t.co/C4vrTm69sE
  • Central bank independence has several advantages and disadvantages. Find out what they are in-depth with @MartinSEssex here: https://t.co/wVFXbbTxf1 https://t.co/WkwZK6wtzy
  • The $GBPUSD may be carving out a 4-year bearish candlestick pattern as the $EURGBP downtrend prolongs. GBP/JPY may rise but be wary of #Brexit risks clouding technical analysis. Get your GBP market update from @ddubrovskyFX here: https://t.co/wzV4fygKWe https://t.co/hpDmrh0LLo
  • Get your technical setups for the British Pound ahead of the key #Brexit vote in Parliament this weekend here $GBPUSD $EURGBP $GBPJPY - https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2019/10/19/GBPUSD-EURGBP-GBPJPY-Technical-Analysis-Amid-Brexit-Deal-Vote.html?CHID=9&QPID=917702 https://t.co/TBdvAY6GN2
  • The Australian Dollar could reverse gains if #Brexit is forced to be delayed. Global growth slowdown woes and other fundamental risks may also undermine $AUDUSD upside progress. Get your $AUD market update from @ddubrovskyFX here: https://t.co/VAs2C3cpQj https://t.co/9mqJ0DSLZZ
  • Here is my trading video for the week ahead: '$EURUSD, #Pound, Volatility - The Biggest Risks and Opportunities Ahead' https://www.dailyfx.com/forex/video/daily_news_report/2019/10/19/EURUSD-Pound-Volatility---The-Biggest-Risks-and-Opportunities-Ahead-.html
  • $GBPUSD is on the verge of pushing above five-year resistance. A break above with follow-through may precede considerable upside movement. Get your GBP/USD market update from @ZabelinDimitri here: https://t.co/0qfh7TRWJn https://t.co/GImIwuGodX
  • The $AUD may resume its downtrend while the #ASX 200 stock index powers higher as dovish monetary policy drives interest rates lower. Get your market update from @IlyaSpivak here: https://t.co/UPlHZrt6c2 https://t.co/EIIf9xackw
  • (Fundamental Forecast) Australian Dollar Could Wilt if Brexit Delayed, Growth Risks Hang $AUDUSD #Brexit - https://www.dailyfx.com/forex/fundamental/forecast/weekly/aud/2019/10/19/Australian-Dollar-Could-Wilt-if-Brexit-Delayed-Growth-Risks-Hang.html?CHID=9&QPID=917702 https://t.co/2aOYhblN3g
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, Junior Currency Analyst


  • 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.


--- 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.


News & Analysis at your fingertips.