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
  • BoE Governor Bailey: - Economic picture has been mixed since September as Covid resurges - Little evidence to go on for impact of January lockdowns $GBP
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.68% 🇳🇿NZD: 0.56% 🇦🇺AUD: 0.56% 🇬🇧GBP: 0.13% 🇨🇭CHF: -0.11% 🇪🇺EUR: -0.12% View the performance of all markets via
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: US 500: 1.15% Wall Street: 0.59% FTSE 100: 0.09% Germany 30: 0.08% France 40: 0.05% View the performance of all markets via
  • Joe Biden is officially sworn in as President of the United States.
  • Joe Biden sworn in as 46th President of the US. $USD
  • Heads Up:🇬🇧 BoE Gov Bailey Speech due at 17:00 GMT (15min)
  • $EURCAD fell from around 1.5440 to around 1.5300, hitting its lowest level since early July, following no change to BoC's policy and a press conference from BoC Gov. Macklem. $EUR $CAD
  • $EURUSD is bouncing between well-established technical levels - to the upside the midpoint of the pair's historical range and head-and-shoulders neckline. Downside, 38.2% Fib of past three months run and 50 DMA
  • BoC Governor Macklem: - Rise in Canadian Dollar does pose some risk - We don't target the Canadian Dollar - Most appreciation in Canadian Dollar is coming from broad-based depreciation of US Dollar #BoC $CAD
  • BoC Governor Macklem - Micro-cut is one option available to the BoC - If we see further appreciation of CAD that will become more of a headwind and that presents downward risk to our projections $CAD
AUDJPY: Swift Failure Points to May Lows

AUDJPY: Swift Failure Points to May Lows

Paul Robinson, Strategist

What’s inside:

  • AUDJPY fails to break above recent range, reversed hard off 4/7 low
  • Engulfing bar (with daily close confirmation) further validates failure
  • Targeting low-end of range created during May

During the past two sessions AUDJPY attempted to break above a range it has been stuck in for much of May. The result, though, was another rejection at the April 7 low during the Asian session, with the cross now pushing back inside the multi-week range between 78.17 and 80.64. Today’s daily bearish bar is engulfing all of yesterday’s price action in the process, adding further to the case for lower prices.

Looking to wait for a retracement following a confirmed daily close below yesterday’s low at 79.70. Shorting in the 80 region with a stop above today’s high of 80.78 and a target back towards the low-end of the range near 78 will offer up a ~1:2 risk/reward ratio.

Given the consolidation (range) is coming amidst a broader downtrend the likelihood of seeing a breakdown below the May low is high, but for now we will focus on the 'range-trade' in place and go from there.


Chart created in Marketscope 2.0, prepared by Paul Robinson

Parameters/Levels to Watch

Entry: On bounce to at least the 80 level

Stop: Above today’s high of 80.78 (80.90 to account for wiggle room)

Target: Low 78s

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter @PaulRobinsonFX.

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