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EUR/USD
Mixed
Low
High
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
News
US Dollar Draws Near Key Support; EUR/USD to Two-Month Highs
2021-05-10 15:30:00
Technical Levels for US Dollar, GBP/USD, USD/CAD, AUD/USD, Gold & Oil
2021-05-10 15:00:00
Oil - US Crude
Bearish
Low
High
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
News
Technical Levels for US Dollar, GBP/USD, USD/CAD, AUD/USD, Gold & Oil
2021-05-10 15:00:00
Crude Oil Prices Climb on Major US Pipeline Disruptions, Weaker USD
2021-05-10 06:00:00
Wall Street
Mixed
Low
High
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
News
As a New Retail Trader Age Rises, Heed Tales of Past Manias
2021-05-10 09:00:00
Dow Jones, Hang Seng, ASX 200 Outlook: Big NFP Miss Defies Tapering Fears
2021-05-10 01:00:00
Gold
Mixed
Low
High
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
News
Technical Levels for US Dollar, GBP/USD, USD/CAD, AUD/USD, Gold & Oil
2021-05-10 15:00:00
Gold Price Approaches 200-Day SMA for First Time Since February
2021-05-10 14:00:00
GBP/USD
Bullish
Low
High
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
News
Technical Levels for US Dollar, GBP/USD, USD/CAD, AUD/USD, Gold & Oil
2021-05-10 15:00:00
Monthly Forex Seasonality - May 2021: Sell in May and Go Away? Not for USD, Stocks
2021-05-10 12:30:00
USD/JPY
Bullish
Low
High
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
News
Technical Levels for US Dollar, GBP/USD, USD/CAD, AUD/USD, Gold & Oil
2021-05-10 15:00:00
Monthly Forex Seasonality - May 2021: Sell in May and Go Away? Not for USD, Stocks
2021-05-10 12:30:00
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Real Time News
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.31% Oil - US Crude: -0.18% Silver: -0.50% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/AS3CtSNbr4
  • Fed's Evans: - Tepid April jobs report was a 'head scratcher' - Welcomes wage growth as sign of a healthy jobs market - Fed has room to overshoot inflation target - 'It will be a while' before US has made enough progress to talk about tapering
  • US 10-Year Treasury yield extending to session highs and steering the Nasdaq to new lows of the day $NDX $QQQ $NQ_F https://t.co/ReXcLVpGy8
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.77%, while traders in Wall Street are at opposite extremes with 78.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wI1kMvJkwU
  • The price of gold extends the series of higher highs and lows from the previous week even though the 10-Year US Treasury yield retraces the decline following the US Non-Farm Payrolls (NFP) report. Get your $XAUUSD market update from @DavidJSong here:https://t.co/kyW7ukihdY https://t.co/keRXgNxmyp
  • Fed's Evans: - Very optimistic US will get back to strong job numbers - Still expects unemployment to fall below 5% this year $USD $DXY $TNX
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.67% US 500: -0.15% France 40: -0.18% Germany 30: -0.20% FTSE 100: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/f9gTcPN7Ev
  • EUR/USD holding proven support level. Pullback may be over, but hurdles yet to cross. Get your $EURUSD market update from @PaulRobinsonFX here: https://t.co/o6LAHTn29c
  • GBP/USD continues its march higher as the pair breaks above 1.41 for the first time since February $GBPUSD https://t.co/UVswAJplrS
  • Heads Up:🇺🇸 Fed Evans Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-10
Staying long EURUSD, Trailing Stop

Staying long EURUSD, Trailing Stop

David Rodriguez, Head of Product

As I wrote yesterday on the "Analyst Picks" page and the Real Time News feed, I think yesterday's EUR rally was the start of a larger bounce. I remain long from $1.2134, but have taken a quarter of the position off from $1.2312.

I still think the Euro stands to rally towards $1.25 and perhaps even $1.27 given the significant breakdown in the Dow Jones FXCM Dollar Index. Yet I'm comfortable taking partial profits and trailing the stop to roughly breakeven below previous congestion support of $1.2150.

Watch my justification for my Euro-bullish bias via my recorded euro forecast webinar.

I'll keep further thoughts posted as always on the Real Time News feed. - David Rodriguez, Quantitative Strategist for DailyFX.com

Questions? Contact the author via Twitter at http://www.Twitter.com/DRodriguezFX/

To get trade ideas and research from this author via e-mail, send a message with subject line "Distribution List" to drodriguez@dailyfx.com

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

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