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
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
  • Today's article and webinar recording for those who missed it -
  • U.S. stocks rallied on Tuesday with the NASDAQ composite closing at an all time high as investors shifted into technology and other growth stocks. Get your market update from @WVenketas here:
  • Fed's Rosengren: - Cryptocurrencies and money market reform both need particular attention - People are encouraged to take risks during prolonged periods of extremely low interest rates
  • 🇰🇷 Consumer Confidence (JUN) Actual: 110.3 Previous: 105.2
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.32% 🇦🇺AUD: 0.30% 🇬🇧GBP: 0.11% 🇨🇭CHF: -0.00% 🇪🇺EUR: -0.13% 🇯🇵JPY: -0.25% View the performance of all markets via
  • Fed's Rosengren: - We are still a long way from pre-pandemic levels in terms of employment - We still have a significant employment gap to close
  • Fed's Rosengren: - Since the economy opened up so fast, there are shortages of products and services - I expect inflation to be somewhat higher than 2% next year
  • Heads Up:🇰🇷 Consumer Confidence (JUN) due at 21:00 GMT (15min) Previous: 105.2
  • Fed's Rosengren: - Several areas of the economy are still struggling - While there are elevated prices for many goods and services, those prices will moderate next year
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 0.39% Oil - US Crude: 0.27% Gold: -0.06% View the performance of all markets via
Euro Latest - EUR/USD Sinks Further as Storm Clouds Gather

Euro Latest - EUR/USD Sinks Further as Storm Clouds Gather

Nick Cawley, Strategist

EUR/USD Price, News and Analysis:

  • EURUSD pressing down on 1.0800
  • German Factory orders crater to record low.

EUR/USD - Looking For Support

The single currency continues to move lower after the German Constitutional Court ruled on Tuesday that the ECB’s bond buying scheme (QE) was not balanced and gave the central bank three months to prove that the QE program was ‘proportionate’ otherwise the Bundesbank may pull out of the program. Subsequent commentary from the President of the Bundesbank Jens Weidmann that he would support the ECB in their efforts to meet this requirement calmed the situation but if the market sees any fractures within the EU, the Euro will come under increasing pressure.

EUR/USD Hit as Germany Rules That ECB Actions are Against EU Treaty

Tuesday’s EUR/USD sell-off continues this morning after data showed German Factory orders slumping in March. According to the Federal Statistical Office (Destatis), the real (price-adjusted) order intake in March 2020 was 15.6% lower than in February 2020, seasonally and calendar-adjusted, the largest decrease since the beginning of the time series in January 1991.Compared to February, domestic orders fell 14.8%, international orders slumped 16.1% and orders from the Euro-Zone fell by 17.9%.

For all market moving data and events please see the DailyFX calendar.

EURUSD has now broken below the 23.6% Fibonacci retracement level at 1.0839 again and a cluster of recent lows around 1.0810. The daily chart shows three bearish candles in a row this week with the pair over 160 pips lower since Monday. Support may show up between 1.0777 and 1.0768 before the April 24 low at 1.0727 comes into play. A short-term area of resistance appears between 1.0839 (Fibonacci) and today’s high at 1.0844 ahead of the 20-dma currently placed at 1.0870.

EUR/USD Daily Price Chart (October 2019 – May 6, 2020)

chart showing eurusd falling

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.