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
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
Oil - US Crude
Wall Street
More View more
Real Time News
  • Take a closer look visually at the most influential global importers and exporters here:
  • Crude Oil Prices Aiming Higher on OPEC Surprise, Inflation Expectations - $CL #Crudeoil #OOTT #OPEC
  • Given the size of the rally in the eleven months preceding the beginning of the current decline a broader sell-off looks warranted. Get your market update from @PaulRobinsonFX here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • Rising yields and US Dollar creates a weak environment for gold, which trades at a 9-month low. Get your market update from @JMcQueenFX here:
  • RT @FxWestwater: US Dollar Fundamental Forecast: US Dollar Eyes Inflation Data After NFP Boost Link: $DXY https://…
  • 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:
  • The British Pound continues to face downside pressure as corrective trades continue. Get your market update from @HathornSabin 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:
EURUSD Spikes Higher on ECB TLTRO Details

EURUSD Spikes Higher on ECB TLTRO Details

Justin McQueen, Analyst

ECB Talking Points

  • EURUSD Drop on Guidance Pared by TLTRO 3 Details
  • TLTRO 3 Details Show Favourable Lending Conditions

EURUSD Drop on Guidance Pared by TLTRO 3 Details

EURUSD had initially dipped lower on the back of the ECB’s decision to push back its forward guidance, dropping from 1.1225 to 1.1200, having stated that “rates will remain at present levels at least through to the first half of 2020”, compared its previous guidance of “through to the end of 2019”. However, keep in mind that this is just the ECB catching up with market pricing, given that money markets have already priced out the likelihood that the ECB would shift interest rates in 2019 and in fact markets are pricing in interest rate cuts. Not only this, while the ECB signal that rates will remain at current level through H1 2020, Fed Fund futures are pricing in 100bps worth of cuts from the Fed in that time.

TLTRO 3 Details Show Favourable Lending Conditions

The ECB noted that TLTRO 3 will be guided from as low as -0.3%, which is 10bps above the deposit rate for those banks who are exceeding their lending targets, while other banks would see a rate of 0.1%, which is 10bps above the main refinancing rate. Consequently, this is slightly more favourable for bank lending than had been previously expected which was -0.2%-0%, thus helping the Euro find a bid to session highs of 1.1272.

EURUSD PRICE CHART: 1-Minutes Time Frame (Intra-day)

EURUSD Spikes Higher on ECB TLTRO Details

For a more in-depth analysis on EUR, check out the Q2 Forecast for EUR

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at

Follow Justin on Twitter @JMcQueenFX

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