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.



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
Wall Street
More View more
Real Time News
  • 🇬🇧 Core Inflation Rate YoY (DEC) Actual: 1.4% Expected: 1.3% Previous: 1.1%
  • 🇬🇧 Inflation Rate MoM (DEC) Actual: 0.3% Expected: 0.2% Previous: -0.1%
  • 🇬🇧 Inflation Rate YoY (DEC) Actual: 0.6% Expected: 0.5% Previous: 0.3%
  • RT @FxWestwater: #NaturalGas Outlook: US Prices Sink Despite Global Supply Disruptions Link:…
  • Heads Up:🇬🇧 Inflation Rate MoM (DEC) due at 07:00 GMT (15min) Expected: 0.2% Previous: -0.1%
  • Heads Up:🇬🇧 Inflation Rate YoY (DEC) due at 07:00 GMT (15min) Expected: 0.5% Previous: 0.3%
  • Heads Up:🇬🇧 Core Inflation Rate YoY (DEC) due at 07:00 GMT (15min) Expected: 1.3% Previous: 1.1%
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • Alibaba's share price surged 8.8% after its founder Jack Ma reappeared after months out of public view. - BABA (+8.8%) - Tencent (+3.36%) - Meituan (+8.04%) - Xiaomi (+1.75%)
  • German Covid deaths increase by 1,734 - BBG
EUR/USD Passes 1.2000 as Dollar Hits Fresh Yearly Low

EUR/USD Passes 1.2000 as Dollar Hits Fresh Yearly Low

Jeremy Naylor,

With the dollar weakness comes other FX strength and nowhere is this more obvious than on the EUR/USD trade where the Euro has stormed across the 1.2000 line.

As explained here the price action has been held up as it makes ground outside the upper line of the Bollinger band. Waiting for the price action to drop back into the Bollinger area before looking at setting up a long trade again.

What is causing the trade? Some analysts are being asked if there is a safe haven play here? As Jeremy explains the Euro has been a safe haven trade before, but is it taking that mantel again now? In as much as traders are short dollars there is a case to put money into euros. However this only serves to cool what little economic heat there is in the Eurozone and so will have a longer term negative effect on the Euro, but at the moment it seems to wants to continue to gain ground.

Jeremy also looks at the upcoming data this week that may give a trading opportunity on EUR/USD including the ADP, private payrolls, on Wednesday and then the main US release on Friday with non-farm payrolls.

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.