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
Mixed
Oil - US Crude
Bearish
Wall Street
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
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 63.58%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/yPYfN7Ik9C
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 1.57% Oil - US Crude: 1.01% Gold: 0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/X7kHJDLKkY
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.46% 🇨🇭CHF: 0.42% 🇦🇺AUD: 0.41% 🇨🇦CAD: 0.29% 🇳🇿NZD: 0.20% 🇯🇵JPY: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/NQsgL7dUy5
  • Ever wonder if there are other chart types that can be used for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here: https://t.co/qV3c7a4YR3 https://t.co/Yqu2heS6Wz
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: US 500: 0.42% Wall Street: 0.37% Germany 30: 0.19% FTSE 100: 0.14% France 40: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/LCfrU0DwEH
  • France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Dec 22, 2020 when France 40 traded near 5,477.70. A contrarian view of crowd sentiment points to France 40 weakness. https://www.dailyfx.com/sentiment https://t.co/58P7y6uEE0
  • Coming up in 20'. Please join me if you're free by clicking the link below https://t.co/629fFCZnuC
  • 💶 ZEW Economic Sentiment Index (JAN) Actual: 58.3 Previous: 54.4 https://www.dailyfx.com/economic-calendar#2021-01-19
  • 🇩🇪 ZEW Current Conditions (JAN) Actual: -66.4 Expected: -68.5 Previous: -66.5 https://www.dailyfx.com/economic-calendar#2021-01-19
  • 🇩🇪 ZEW Economic Sentiment Index (JAN) Actual: 61.8 Expected: 60 Previous: 55.0 https://www.dailyfx.com/economic-calendar#2021-01-19
Euro Latest: EUR/USD Edging Lower, Inflation Remains Weak, Sentiment Subdued

Euro Latest: EUR/USD Edging Lower, Inflation Remains Weak, Sentiment Subdued

Justin McQueen, Analyst

EUR/USD Price Analysis & News

  • Euro Area Inflation Remains Subdued
  • Industrial Sentiment Picks up While Services Takes Largest Hit
  • Euro Edging Lower
Advertisement

DATA OVERVIEW: DailyFX Economic Calendar

Euro Latest: EUR/USD Edging Lower, Inflation Remains Weak, Sentiment Subdued

According to Eurostat, Euro Area flash estimates of headline inflation fell 0.3% in December, below expectations for a 0.2% fall. Meanwhile, Euro Area core inflation remained at 0.2%, printing in-line with estimates. In terms of the components for headline inflation, energy prices have continued to weigh on prices. Going forward, with oil prices continuing to track higher and as Germany’s main VAT rate gets back to 19% following the temporary reduction to 16%, inflation may be to pick up later in the year, albeit remaining far from the ECB’s target.

Trading Forex News: The Strategy
Trading Forex News: The Strategy
Recommended by Justin McQueen
Trading Forex News: The Strategy
Get My Guide
Euro Latest: EUR/USD Edging Lower, Inflation Remains Weak, Sentiment Subdued

Elsewhere, Euro Zone economic sentiment had picked up in December, which is despite renewed lockdown measures throughout the month. Much of the pick-up, had been lead by industrial sentiment (-7.2 vs Prior -10.1), while like the PMI survey the largest hit to sentiment was observed in the services sector. This is to be expected given the varying degrees of impact that lockdown measures have on different parts of the economy. Alongside this, with several countries across Europe extending hard lockdown measures in January, economic growth looks to be getting off to a weak start for 2021.

Sentiment Analysis for Forex Trading

EUR/USD: The Euro has come under pressure throughout the session having stalled at yesterday’s high, alongside a corrective move observed in the USD towards 90.00, which has been somewhat exacerbated by reports that China’s Shijazhuang city (population circa 11mln) is to ban all residents and vehicles from leaving the city. However, it is important to keep in mind, that given the persistent downtrend in the greenback, it is natural for a corrective move and potentially a shake out of some weak hands. In terms of levels on the downside, the yearly open and low resides at 1.2229 and 1.2221 respectively.

Pivot | 1.2313Support | 1.2276, 1.2228, 1.2191Resistance | 1.2361, 1.2398, 1.2434

EUR Forecast
EUR Forecast
Recommended by Justin McQueen
Download the New Q1 2021EUR Forecast
Get My Guide

EUR/USD Chart: Daily Time Frame

Euro Latest: EUR/USD Edging Lower, Inflation Remains Weak, Sentiment Subdued

Source: Refinitiv

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

DISCLOSURES