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EUR/USD
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
US Dollar Technical Forecast: EUR/USD, USD/JPY, USD/CAD
2021-03-07 08:00:00
Euro Forecast: EUR/USD to Weaken if ECB Increases Bond Buying
2021-03-07 00:00:00
Oil - US Crude
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
Crude Oil Prices Aiming Higher on OPEC Surprise, Inflation Expectations
2021-03-06 16:00:00
Oil Price Forecast: Crude Eyes 2019 High Following OPEC JMMC Meeting
2021-03-05 15:00:00
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
Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, Crude Oil, ECB, BoC, Treasuries
2021-03-07 16:00:00
Nasdaq 100, S&P 500, Dow Jones Forecast: Growth, Tech Stocks Falling Out of Favor?
2021-03-07 12:00:00
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
Gold Weekly Technical Forecast: Gold Sinks to Crucial Level - Bulls Last Hope?
2021-03-05 20:00:00
Live Data Coverage: February US Nonfarm Payrolls w/ Christopher Vecchio, CFA
2021-03-05 13:00:00
GBP/USD
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
Weekly Technical Euro Forecast: Basically a Falling Knife
2021-03-06 00:50:00
FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
2021-03-05 22:00:00
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
US Dollar Technical Forecast: EUR/USD, USD/JPY, USD/CAD
2021-03-07 08:00:00
Weekly Technical Euro Forecast: Basically a Falling Knife
2021-03-06 00:50:00
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Real Time News
  • We are going to start the new trading week with a few critical technical breaks like the $QQQ's (NDX) H&S neckline break on volume and EURUSD's clearance below 1.1950. Are these the makings of trends? My take: https://www.dailyfx.com/forex/video/daily_news_report/2021/03/06/EURUSD-and-Nasdaq-100-to-Start-Week-with-Multi-Month-Breakdown.html https://t.co/iR5w7iDkDU
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  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/1rhLp4LnfN
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/RKYGzRStvL
  • The US Dollar is moving higher after a blowout NFP report bolstered confidence in the US economic recovery. Markets will now turn attention to next week’s US inflation data which could boost the Greenback. Get your market alert from @FxWestwater here: https://t.co/Ud62r3hKRF https://t.co/dvvDCJvlbP
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/7g9pB8D9xK
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/OCLzmXaDCu
  • Technical analysis of charts aims to identify patterns and market trends by utilising differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/UZela9nSIm
Stay the course on USDJPY

Stay the course on USDJPY

David Rodriguez, Head of Product

Our USDJPY-long idea from last week only triggered half of the position as the pair didn't pull back, but so far it seems wise to stay the course as it trades towards ¥125.

At the time we set risk on the position below ¥122, and though tempting to trail the stop it doesn't seem as though we have significant support until then. Targets start at ¥125 at which point we might trail the stop higher, but realistically the first point at which we'd take partial profits would be ¥125.75.

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

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USD/JPY
Bullish