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
Oil - US Crude
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
  • Heads Up:🇮🇩 Balance of Trade (MAY) due at 04:00 GMT (15min) Expected: $2.3B Previous: $2.19B
  • Get your snapshot update of the of market open and closing times for each major trading hub around the globe here:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • We are within 48 hours of the FOMC rate decision and markets are clearly paying attention. The Dow is struggling while the SPX has edged a fresh record. Meanwhile, the Dollar is a deer in the headlines. I discuss what to expect for Tuesday trade:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.26% Gold: -0.23% Silver: -0.73% View the performance of all markets via
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.00% 🇨🇦CAD: -0.03% 🇨🇭CHF: -0.04% 🇬🇧GBP: -0.06% 🇳🇿NZD: -0.08% 🇦🇺AUD: -0.18% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/CHF are long at 75.00%, while traders in France 40 are at opposite extremes with 79.57%. See the summary chart below and full details and charts on DailyFX:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • Heads Up:🇦🇺 RBA Meeting Minutes due at 01:30 GMT (15min)
Euro May Fall with DAX Index as Coronavirus Spreads into Europe

Euro May Fall with DAX Index as Coronavirus Spreads into Europe

Dimitri Zabelin, Analyst

Euro, DAX, EUR/USD, EUR/CHF – Talking Points

  • Euro may fall with DAX index on coronavirus fear
  • Germany has reported its first case of the disease
  • EUR/CHF is on the cusp of testing five-year lows

The Euro and DAX index may extend their declines in the upcoming session as fear over the coronavirus continues to infect sentiment and pressure equity markets. On January 27, the S&P 500 clocked in its worst day since October 2, with EUR/USD declining almost one percent in less than a week. Amid the market panic, the anti-risk Swiss Franc has spiked vs the Euro with EUR/CHF now testing five-year lows.

Coronavirus Infecting Market Mood

Fear about the spread of the coronavirus and the slowdown in economic activity which it may wrought could catalyze a further selloff in EUR/CHF and the DAX index. Germany, the largest Eurozone economy, recently reported its first case of the virus, spreading the fear that a wider regional infection could batter the region’s growth prospects which only recently began to show signs of stabilization according to the IMF.

EUR/CHF Technical Analysis

EUR/CHF has declined almost half a percent since it broke below key support at 1.0732 and is now trading less than one percent away from a five-year low at 1.0610. The pair will now have to surmount support-turned-resistance in addition to descending resistance that emerged following the bearish engulfing on December 2, 2019. Having said that, recent price action suggests a modest recovery may be in the cards.

EUR/CHF – Daily Chart

Chart showing EUR/CHF

EUR/CHF created using TradingView

EUR/CHF – Monthly Chart

Chart showing EUR/CHF

EUR/CHF created using TradingView

DAX Index Selloff Ahead?

The German benchmark DAX equity index has retreated almost three percent since testing its 2018-high at 13596.89 and has broken below the October 2019 uptrend. The severe gap lower is part of a trend in global equity markets amid panic from the coronavirus. Selling pressure may alleviate as the index approaches support between 12948-12886, though a downside breakout with follow-through could catalyze an aggressive selloff.

DAX Index – Daily Chart

Chart showing DAX Index

DAX Index created using TradingView


--- Written by Dimitri Zabelin, Jr Currency Analyst for

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.