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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Mixed
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • Fed Chair Powell: - Haven't yet seen the labor market scarring we were concerned about - Labor market has come back faster and bankruptcies have been lower than anticipated - Prospect to get back to a much better place in the second half of the year #Fed $USD
  • $AUDUSD has surged by over 40-pips over the last two hours, taking out the prior session highs. This move pushed the pair to a high of 0.7945, a new highest level since early 2018. $AUD $USD https://t.co/8iSZY4RHQC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.49%, while traders in Wall Street are at opposite extremes with 75.93%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Kvis4fAcuC
  • Heads Up:🇺🇸 Fed Clarida Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-02-24
  • Fed Chair Powell: - The public and the world have confidence in the dollar #Fed $USD
  • The RBNZ noted that operational work to enable the OCR to be taken negative if required has now been complete. Get your $NZD market update from @JMcQueenFX here:https://t.co/R1UTWCHdqT https://t.co/2v0yTvBorT
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.50% Silver: 0.33% Gold: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/eJbD5UV2zK
  • Fed Chair Powell: - We are not acting on forecasts with regards to our policy, only actual data - There is reason for optimism for 2H 2021 if we control the virus #Fed $USD
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.85% 🇨🇦CAD: 0.45% 🇦🇺AUD: 0.33% 🇪🇺EUR: -0.06% 🇨🇭CHF: -0.25% 🇯🇵JPY: -0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8HJgkiaCXO
  • Fed Chair Powell - Drawdown in Treasury account at Fed could lower rates $USD
Forex Strategy: Stay Short EUR/SEK and AUD/CAD

Forex Strategy: Stay Short EUR/SEK and AUD/CAD

Ilya Spivak, Head Strategist, APAC

I sold EURSEK at 8.7315 after prices completed a bearish Evening Star candlestick pattern at channel and 61.8% Fibonacci retracement resistance. I am expecting Risksbank to switch to a neutral policy stance after December’s rate cut while the ECB begins easing in 2013 as falling “PIIGS” bond yields mark normalization of monetary policy transmission. Prices have staged a shallow rebound and I'll look for a retest of channel support-turned-resistance at 8.6226 to add to the position. My near-term objective is 8.4994.

...

I have also entered short AUDCAD at 1.0340 after prices bounced to retest channel support-turned-resistance, looking to trade the narrowing of the yield differential between the two currencies as the RBA continues to ease while the BOC remains on hold in the months ahead. I am initially targeting 1.0260, with a stop-loss to be a triggered on a daily close above 1.0420.

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

DISCLOSURES