Strait of Hormuz: The World’s Most Important Oil Chokepoint

Strait of Hormuz: The World’s Most Important Oil Chokepoint

With over a third of global seaborne crude oil and a fifth of oil traded worldwide flowing through the Strait of Hormuz, this narrow nautical channel may be the world’s most important chokepoint.
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EUR/USD, EUR/JPY Coil into Symmetrical Triangles Ahead of Eurozone PMIs, Jackson Hole

The Euro hasn’t gotten a lot of attention recently as traders have been distracted by Brexit and the US-China trade war. That could soon change.
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Turkish Lira Price: USD/TRY Uptrend Eyes Another Break Out

US Dollar Price Outlook: USD Primed for FOMC Minutes, Jackson Hole

Crude Oil Prices Heads Higher, Canada Extends Oil Production Cuts - US Market Open


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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, NZD/USD

Analyst Picks

David Song

David Song   

Currency Strategist

Currency Pair:  Bearish EUR/USD
Expertise: Fundamental and Technical
Average Timeframe of Trade: 2 - 10 Days
Peter Hanks

Peter Hanks   

Junior Analyst

Currency Pair:  Bearish USD/CAD
Expertise: Fundamental and Technical
Average Timeframe of Trade: Sevel Days to Several Weeks

Technical Analysis

GBP/USD: Traders continue to remain net-long

Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
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EUR/USD: Traders remain net-long since July despite decrease in price


S&P 500, Crude Oil, Gold Price Technical Outlook & More


USD/CHF, EUR/CHF Price: May Correct Higher as Support Holds


Education

Ben Lobel
Markets Writer
In this podcast, our currency strategist James Stanley talks trading the news, making contrary picks, and mastering psychology.
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Ben Lobel
Markets Writer
How do Fed monetary policy decisions affect forex trading? Here's all you need to know.
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Data updated in real-time.
  Clients Long Clients Short Signal
EUR/USD 
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Central Bank Rates

Currency Central Bank Rate
   aud
1.00%
   nzd
1.00%
   eur
0.00%
   cad
1.75%
   gbp
0.75%
   usd
2.00 - 2.25%
   chf
-0.75%
   jpy
-0.10%
   MXN
8.25%

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