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
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
Wall Street
More View more
Real Time News
  • #Bitcoin, #Gold, #Dollar, $EURUSD, $AUDUSD and $USDCAD Technical Levels - (Webinar Archive) -
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: US 500: 2.39% Wall Street: 2.18% FTSE 100: 0.23% Germany 30: 0.17% France 40: 0.09% View the performance of all markets via
  • #Gold attempted to rebound from multi-month lows today, climbing as high as $1,760 before hitting resistance and turning back downwards. The precious metal is now trading back around $1,735. $XAU $GLD
  • Equities have managed to start the new month on the front foot as bond yields are taking a breather from their rapid surge over the last few weeks. DAX 30 bulls aim towards the 14,000 mark. Get your #DAX market update from @HathornSabin here:
  • ECB President Lagarde: - Pandemic is still heavily weighing on European economies - ECB will do its job to ensure firms and families can access finances needed to weather the storm - They can do so with confidence that financing conditions will not tighten prematurely #ECB $EUR
  • Heads Up:💶 ECB President Lagarde Speech due at 16:10 GMT (15min)
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.92% 🇨🇦CAD: 0.66% 🇳🇿NZD: 0.62% 🇯🇵JPY: -0.04% 🇪🇺EUR: -0.25% 🇨🇭CHF: -0.65% View the performance of all markets via
  • The FTSE 100 has not been an easy handle lately, a theme that is often the case with this index and its choppy price action. Get your #FTSE market update from @PaulRobinsonFX here:
  • 🇲🇽 Markit Manufacturing PMI (FEB) Actual: 44.2 Previous: 43
  • In line with comments from Stournaras last week - ECB should accelerate PEPP purchases - No fundamental justification for a tightening of bond yields at long end - GC Should instruct board at March 11 meeting to fight unwarranted tightening of financing conditions
Christopher Vecchio's Analyst Pick

Christopher Vecchio's Analyst Pick

Christopher Vecchio, CFA, Senior Strategist

Risk-aversion continues to be the prevailing trend though the US Dollar has given back much of its gains as the day has proceeded. With that said, going into the European Central Bank meeting tomorrow, I remain bullish the US Dollar and bearish the Euro. While I will NOT be taking a short Euro position (against anything) ahead of the release, I will look to sell a Euro bounce or sell a Euro sell-off. I have zero interest in buying the Euro at current levels and given the combination of poor fundamentals and technicals, it looks like we're getting ready for the next big move lower.

My outlook for my "big three" currencies - AUDJPY (given correlation to S&P 500), AUDUSD (proxy for China), and EURUSD (European crisis) - has changed little from yesterday.

- AUDJPY: In light of the failed Bank of Japan effort to weaken the Japanese Yen and the RBA's rate cut, any upward progress made by the pair has been undercut and looks poised to to make a move towards fresh lows unseen since early Febryary. The break of the 100-DMA is a big deal, as this level was held on each of the prior attempts of breaking through. For now, this is our interim resistance. I prefer selling rallies into 83.10 with a stop above the 20-DMA (83.87).

- AUDUSD: While the US Dollar has been hurt by recent Fed commentary and the poor US GDP print, as mentioned in the AUDJPY comment, the RBA has crushed any upward momentum that AUD had. The break of the 200-DMA (1.0355) is not that significant considering the pair really hasn't respected the level; but it bears mentioning. Support now lies in 1.0290/305 zone, given the former TL resistance on the March 2 and April 13 highs has now become support. A break lines up a test of 1.0260, the ascending TL on the April 11 and April 24 lows.

- EURUSD: A long-term descending channel remains in place off of the August and October 2011 highs / the October 2011 and January 2012 lows. The rally off of the January low failed to reach to ever-elusive 1.3500 level, and for the better part of the last two months, we've been stuck in an intermediate bullish contracting wedge (or triangle). While this would suggest a break to the upside, the longer-term techs - the range previously mentioned - are to be respected. Given current price (1.3236), resistance to the upside comes in at 1.3270/80 (swing high, TL resistance). Support now comes back at 1.3154 (20-DMA), 1.3114 (100-DMA), 1.3055/70 (wedge support), 1.2975/95 (February low, April low), and 1.2855/70 (former support/resistance zone). Again, I favor downside price action now that we've seen a breach of the floor of the daily triangle that has been in place since mid-February.

Any other trade ideas and general macroeconomic musings can be found in the Real Time Newsfeed, or by following me on twitter @CVecchioFX.

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