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
Bearish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.24% France 40: -0.29% Wall Street: -0.35% US 500: -0.39% Germany 30: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/yplqPaVCJ8
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/Ugv151eibY
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/H2xUrnaSKU
  • RT @FxWestwater: Australian Dollar Forecast: $AUDUSD Uptrend in Focus as #RBA Holds Policy Steady Link: https://www.dailyfx.com/forex/market_alert/2021/03/02/Australian-Dollar-Forecast-AUDUSD-Uptrend-in-Focus-as-RBA-Holds-Policy-Steady.html?ref-author=Westwater https://t.…
  • Overall quiet reaction from $AUDUSD to the #RBA rate decision Most notable update likely has to do with them letting the markets know that they could do more adjustments to bond purchases given rising yields But that may have already been priced in... https://t.co/rol1p1WcAw
  • RBA: Bond purchases brought forward this week to assist market -BBG #RBA
  • RBA: Lending conditions remain sound, important to remain so. Committed to 3-year target, will continue buys as needed -BBG
  • RBA: Board will not raise rates until CPI at target range, global bond yield swings have made other assets volatile. Prepared to make further adjustments to bond buys -BBG #RBA
  • RBA: $AUD remains un upper end of range of recent years, economic recovery well underway and stronger than expected. Committed to maintain highly supportive monetary conditions -BBG #RBA
  • RBA: Wage and price pressures expected to remain subdued, does not expect conditions met to raise rates until 2024. Economy still has considerable spare capacity -BBG #RBA $AUDUSD
Strategy Video: The Short, Medium and Long-Term View for EURUSD

Strategy Video: The Short, Medium and Long-Term View for EURUSD

John Kicklighter, Chief Strategist

Talking Points:

• The Eurozone economy stalled in 2Q, moving the region's financial markets closer to a tipping point

• A stalled recovery threatens to reverse bond yields which in turn can spark a mass capital outflow

• Medium and long-term Euro risks are high, but what will decide short-term EURUSD and EURJPY breaks?

Find help with your trades and trading strategy from DailyFX analysts with DailyFX on Demand.

Eurozone GDP figures showed the regional economy stalled this past quarter while anchor Germany's economy actually contracted. This fundamental trouble only magnifies the risks facing the Euro moving forward between financial stability, speculative appetites and central bank necessity. As growth flags, the threat of sovereign bond yields reversing from record lows rises to dangerous levels. And, should that happen, the domino effect can prove severe for the currency and the region's markets. We look at this big picture fundamental situation for the Euro and its trading implications in today's Strategy Video.

Sign up for John’s email distribution list, here.

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

DISCLOSURES