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.

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
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
Oil - US Crude
Bearish
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
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
USD/JPY
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
More View more
Real Time News
  • still bullish $Oil, really big spot on lt charts 1. Monthly - same zone of res that's held highs in 2019, 2020 and now 2021 2. Weekly - Resistance tl from 08-present broken, support mid-march to april 3. Daily - tl setting up ascending triangle - breakout potential #oott https://t.co/VpS9ETziS5
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.95% Silver: 1.16% Gold: 0.71% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/vtxMup7wY2
  • Heads Up:🇨🇦 BoC Senior Loan Officer Survey due at 14:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-14
  • The University of Michigan consumer confidence update for May dropped unexpectedly from 88.3 to 82.8 (expected to hit 90.4). The inflation expectations component carries forward this week's price pressure message with 1-year outlook up jumping 1.2 ppt to 4.6%
  • 🇺🇸 Michigan Inflation Expectations Prel (MAY) Actual: 4.6% Previous: 3.4% https://www.dailyfx.com/economic-calendar#2021-05-14
  • 🇺🇸 Michigan 5 Year Inflation Expectations Prel (MAY) Actual: 3.1% Previous: 2.7% https://www.dailyfx.com/economic-calendar#2021-05-14
  • 🇺🇸 Business Inventories MoM (MAR) Actual: 0.3% Expected: 0.3% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-05-14
  • 🇺🇸 Michigan Consumer Sentiment Prel (MAY) Actual: 82.8 Expected: 90.4 Previous: 88.3 https://www.dailyfx.com/economic-calendar#2021-05-14
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.18%, while traders in France 40 are at opposite extremes with 71.49%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/L7IS0WCUpK
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.80% Silver: 1.33% Gold: 0.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/6wzbSzSjZe
EUR/USD Rises to Fresh Multi-Year Highs

EUR/USD Rises to Fresh Multi-Year Highs

Jeremy Naylor,

There’s a positive air to European markets today, rebounding from 3 days of losses. Most industry sectors are higher with banks leading the gainers, as government bond yields rise.

Also the IMF has agreed to a new conditional bailout for Greece, ending two years of speculation on whether it would join in another rescue and giving the seal of approval demanded by many of the country’s euro-area creditors. It could be with as much as 1.6bln euros. The disbursement of funds is contingent on euro-zone countries providing debt relief to Greece.

Data out today in Germany and France, both coming in far stronger than anticipated. The German Ifo business sentiment indicator was expected to have fallen from 115.1 to 114.9, but not only was it 116, but that last month’s reading was revised up a tenth of a point.

Meanwhile, in France a similar story with business confidence there rising from 107 to 108, where it was forecast to have slipped a point. Additionally there was also an upward revision there too for last month’s number.

Clearly though there is a risk to the future growth of the Eurozone if the strong euro persists? Peter Dixon from Commerzbank comments on the potential effects on the euro area.

This as the Fed meets to discuss interest rates as questions are now being raised as to whether there is now any room for the Fed to raise rates again. As of the time of recording we’re waiting on the release of US consumer confidence which is expected to have fallen again, for a 4th month in a row.

If you're interested in a strategy session, check out the DailyFX Webinar Page.

--- Written by Jeremy Naylor, DailyFX

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

DISCLOSURES