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
Subscribe
Please try again
EUR/USD
Bullish
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
Oil - US Crude
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
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • USD/CAD trending lower has been a theme since it peaked in dramatic fashion back in March, but the downtrend may be put to the test soon as a falling wedge pattern comes to light. Get your $USDCAD market update from @PaulRobinsonFX here:https://t.co/qjobL4Uyq9 https://t.co/wgd9nZSGpj
  • US Indices remain in the red but have pared some losses as session advances into the afternoon. DOW -0.38% NDX -0.13% SPX -0.24% RUT -0.03% $DOW $QQQ $SPY $IWM
  • A bout of risk aversion sees the Australian Dollar under pressure this morning with a larger than expected drop in retail sales adding to the soft tone for the currency. Get your $AUD market update from @JMcQueenFX here:https://t.co/fCa9gCxxxk https://t.co/WaAG58Ztar
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 64.66%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/juDA0EsIR7
  • Totally normal market behavior happening in $GME which was just halted after surging 69% in the session https://t.co/UT6RrOhZ2L
  • $EURCAD hit an intraday high just shy of 1.5500 before turning slightly downward. The pair is currently trading at its highest levels since early last week. $EUR $CAD https://t.co/Cj6Vu9Rg5L
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Gold: -0.84% Oil - US Crude: -1.40% Silver: -1.82% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Nc1fRSiBw5
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.08% 🇨🇭CHF: -0.03% 🇯🇵JPY: -0.27% 🇳🇿NZD: -0.52% 🇦🇺AUD: -0.54% 🇨🇦CAD: -0.64% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/hFb5XRGzCL
  • UK PM Johnson says there are some new evidence that the new COVID variant may be linked to higher mortality $GBP
  • Get your Friday market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/bbnkIHROmI
EUR/USD Price Soars as US Bond Yields Crumble to Record Lows

EUR/USD Price Soars as US Bond Yields Crumble to Record Lows

Nick Cawley, Strategist

EUR/USD Price, News and Charts

  • EUR/USD eyes 1.1300 and above.
  • 10-year US Treasury yields hit a fresh all-time low.

EUR/USD Breakout Continues as US Treasury Yields Collapse

The US dollar continues its recent freefall against a range of G7 currencies with EUR/USD now looking to break above 1.1300 and beyond. This week’s emergency 50 basis point Fed interest rate cut pulled the rug from under the greenback as markets decided that the move was not enough. Markets have now fully priced in a 25bp rate cut at the March 17-18 FOMC meeting and a 50bp cut is nearly fully priced in. US Treasury yields continue to slump with the 10-year now offering just 73 basis points - a record low - while the 30-year UST offers a miserly 1.32%. Bond yields fall as prices rise.

US Dollar Basket Daily Price Chart (May 2019 – March 6, 2020)

US Dollar Value Falls Sharply

We looked at EUR/USD on Thursday and suggested that a move to the December 31 high around 1.1239 looked imminent and this level has now been breached and convincingly.

Euro Price Outlook: EUR/USD ‘V-shaped’ Recovery Nears Completion

The recent CoT report showed that EUR short positions had grown over the week, and it is likely the recent spike higher in Euro against the US dollar are these shorts now rushing to cover their positions.

EUR/USD is now looking for its next upside target with little in the way of resistance ahead of 1.1412. The latest move has also negated the run of lower highs on the chart, another positive for EUR/USD bulls. There is a potential roadblock for higher prices later today with the February US Jobs Report scheduled for release at 13:30 GMT, an event that normally sparks US dollar volatility and movement. Market expectations are for 175k new jobs to have been created in the month, compared to 225k in January, and a number today nearer 200k may stem the US dollar sell-off in the short-term. A miss to the downside may well extend US dollar losses going into the weekend.

Starts in:
Live now:
Jan 25
( 03:01 GMT )
Recommended by Nick Cawley
Cross-Market Weekly Outlook
Register for webinar
Join now
Webinar has ended

For all market moving data and events please the DailyFX calendar

EUR Forecast
EUR Forecast
Recommended by Nick Cawley
Download our Q1 Euro Forecast
Get My Guide

EUR/USD Daily Price Chart (June 2019 – March 6, 2020)

Chart showing EUR/USD moving sharply higher
EUR/USD BULLISH
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -11% 8% -1%
Weekly -9% 23% 8%
Learn how to use Sentiment in your trading strategy
Get My Guide

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

What is your view on EUR/USD – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

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

DISCLOSURES