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
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
Oil - US Crude
Wall Street
More View more
Real Time News
  • Deeper losses in gold prices towards 1763.36 can’t be ruled out in the near-term. Get your $XAUUSD market update from @CVecchioFX here:
  • The New Zealand Dollar is not a major I've been talking about frequently of late, but it is carving out one of the most impressively consistent trends among the standard FX crew. Impressive $NZDUSD weekly technicals and COT net spec positioning:
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.39% 🇨🇭CHF: 0.31% 🇬🇧GBP: 0.20% 🇦🇺AUD: 0.07% 🇯🇵JPY: -0.03% 🇨🇦CAD: -0.07% View the performance of all markets via
  • A weekly chart of crude oil looks favorable for bulls, but this four-week charge has some serious fundamental headwinds in the headlines. Reports that even OPEC is concerned about the commodity's outlook
  • 🇳🇿 Balance of Trade (OCT) Actual: N$-1M Previous: N$-1017M
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.27% Oil - US Crude: 0.17% Gold: -0.14% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.67%, while traders in EUR/USD are at opposite extremes with 74.23%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇳🇿 Balance of Trade (OCT) due at 21:45 GMT (15min) Previous: N$-1017M
  • USD/CAD is trading into the key support at the objective yearly open – looking for a reaction down here. Get your $USDCAD technical analysis from @MBForex here:
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.04% France 40: 0.03% US 500: -0.03% Wall Street: -0.04% Germany 30: -0.10% View the performance of all markets via
Daily Observations: October 28, 2013

Daily Observations: October 28, 2013

2013-10-28 14:15:00
Christopher Vecchio, CFA, Senior Strategist

Current Positions:

- [10/25] Long AUDJPY from 93.11, Stop at 92.90, Target 1 at 94.50, Target 2 at 95.65

- [10/25] Short GBPUSD from 1.6189, Stop at 1.6260, Target 1 at 1.6030

While I was looking long risk (via AUDJPY and S&P 500) coming out of the US fiscal deal and into the September US NFPs, the Chinese liquidity concerns that evolved midweek last week knocked out any optimism in markets. Nevertheless, with the AUDJPY having traded into significant support and a Bullish Falling Wedge having formed on short-term timeframes, I took a small long position (discussed in the DailyFX RTN, chart here).

Unrelated to broader risk trends, I also took a small GBPUSD short position on Friday following the UK 3Q'13 GDP release. While the UK continues to grow and at a faster pace than in prior periods, incoming economic data had indicated strength in the report and therefore any positivity was likely priced in.

Although I think the Fed on Wednesday will hurt the US Dollar, there is scope for a short-term Double Top in GBPUSD that could see price retrace back to 1.6000/30 before the next leg up (article here).

Reminder: I host a weekly Trading Q&A in DailyFX Plus on Tuesdays at 06:00 EDT / 10:00 GMT.

Are you new to FX or curious about your trading IQ?

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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