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
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
  • 🇰🇷 Business Confidence (JUL) Actual: 97 Previous: 98
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.87% 🇨🇦CAD: 0.63% 🇨🇭CHF: 0.43% 🇯🇵JPY: 0.39% 🇪🇺EUR: 0.37% 🇦🇺AUD: 0.27% View the performance of all markets via
  • Robinhood closes its first session as a publicly listed company down just over 8% $HOOD
  • Heads Up:🇰🇷 Business Confidence (JUL) due at 21:00 GMT (15min) Previous: 98
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 2.33% Gold: 1.17% Oil - US Crude: -0.33% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.22%, while traders in Wall Street are at opposite extremes with 75.65%. See the summary chart below and full details and charts on DailyFX:
  • Last week’s price action has produced a shooting star formation and yesterday’s FOMC announcement helped to extend the move, driving the USD lower as the Canadian Dollar bounces from its earlier-month lows.Get your market update from @JStanleyFX here:
  • Following Amazon's miss on Q2 revenues, Nasdaq 100 futures give back Thursday's gains $AMZN $NDX $NQ
  • I recently had the pleasure of speaking with @chigrl about women in finance, the FinTwit community and trends in the crude oil space Check out the full interview and article -
  • Amazon EPS beat expectations at $15.12 versus $12.28 expected, but net sales fells short of expectations. And @PeterHanksFX says the sales forecast is underwhelming. Therefore, it comes as little surprise that $AMZN is trading down over -5% afterhours
Euro Outlook: EUR/USD Bears Are in Control as Euro Looks Vulnerable

Euro Outlook: EUR/USD Bears Are in Control as Euro Looks Vulnerable

Daniela Sabin Hathorn, Analyst

Key Talking Points:

  • EUR/USD drops to lowest level since April as USD shows resilience
  • NFP data to determine EUR/USD short-term performance

EUR/USD has been unable to regain its footing since the selloff two weeks ago. The US Dollar has shown resilience in what would typically be end-of-month rebalancing weakness for the currency as traders await the much anticipated NFP data out tomorrow. Yesterday’s ADP data showed an increase in 629k jobs in June, which was above the 600k expected. But if anything we’ve learned over the last few months is that ADP is a bad predictor of NFP data, but hopes are high for a strong beat over tomorrow’s expected number of 700k.

The past two months have shown mediocre readings in non-farm payrolls and that has brought market sentiment down. It’s not so much that the data isn’t showing good economic recovery, it’s the fact that the Fed has suggested a few months of strong jobs data before they can start thinking about changing monetary policy, which is a good thing for stocks but was dragging on the US Dollar.

On the euro front, there are still concerns about the spread of the Delta variant across the continent, threatening the summer holiday season and putting a strain on the euro. With regards to the ECB, the likelihood of any policy change, or even mention of it, before year-end is very slim, with money markets not expecting a rate hike until 2023. This difference in central bank positioning is likely going to be a key driver for EUR/USD going forward.

Euro Outlook: EUR/USD Bears Are in Control as Euro Looks Vulnerable

Source: Refinitiv


EUR/USD Levels

EUR/USD is hovering near its lowest level since April, with the stochastic oscillator just below 30, showing that bears are in control. Immediate support may be found at the psychological 1.18 level followed by 1.1738 and 1.1704, which would mark the lowest point for the pair in 2021.

A weaker-than-expected NFP reading would likely knock the Dollar back and allow EUR/USD to regain some upward momentum. The key level to watch out for is 1.1975 where two previous attempted rebounds have been halted. Further than that is where the moving averages are located so we may see some increased resistance.

EUR/USD Daily chart

Euro Outlook: EUR/USD Bears Are in Control as Euro Looks Vulnerable

Learn more about the stock market basics here or download our free trading guides.

--- Written by Daniela Sabin Hathorn, Market Analyst

Follow Daniela on Twitter @HathornSabin

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