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
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
Wall Street
Bearish
Gold
Bullish
GBP/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
USD/JPY
Bearish
More View more
Real Time News
  • The Capitol of the United States has been temporarily shut down ahead of President-Elect Biden's inauguration out of caution
  • Another Dollar pair on my radar is $USDCHF. Its 20-day day correlation coefficient to EURUSD is -0.90 (very strong negative). If the latter's break is sustained, both have appeal. If it stalls (soon), USDCHF is still abiding its resistance which supports establishing levels https://t.co/Pcre3xCbYd
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: US 500: 0.13% France 40: 0.11% Germany 30: 0.09% Wall Street: 0.07% FTSE 100: 0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/ZXdpvpEJJ3
  • Germany's central bank (Bundesbank) warned earlier today in its monthly report that if the government extended its Covid lockdown, the country could suffer "a sizeable setback"
  • The US Dollar Index rallied more than 0.6% this week marking the second consecutive weekly advance. Get your $USD update from @MBForex here: https://t.co/hVshzMbc31 https://t.co/LG0HG9fQ4c
  • There are a few Dollar pairs that have offered up a provocative, tentative technical break to suggest a reversal is possible. EURUSD is the top of my list to watch but $NZDUSD is of interest as well with many kiwi crosses offering similar view https://t.co/Ss74IIOdc7
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇨🇭CHF: 0.05% 🇪🇺EUR: -0.05% 🇨🇦CAD: -0.27% 🇳🇿NZD: -0.28% 🇦🇺AUD: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/uDoBCy0PfZ
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.34% France 40: 0.18% US 500: 0.07% Wall Street: -0.02% FTSE 100: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/sjo06l6WZa
  • $EURUSD traders are in for a busy week with a raft of important economic releases, the latest ECB policy meeting and President-elect Joe Biden’s inauguration all hitting the market in a matter of a few days. Get your $EURUSD update from @nickcawley1 here: https://t.co/mOOzNnfwLL https://t.co/DEVMWKiZ0l
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Silver: 0.69% Gold: 0.39% Oil - US Crude: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/UiZvDLCvUl
Forex Trading: How to Trade EURUSD on 12/12/12

Forex Trading: How to Trade EURUSD on 12/12/12

Jamie Saettele, CMT, Sr. Technical Strategist

The EURUSD 13030/65 region has been reached and near term pattern suggests that it’s time to start looking lower. I wrote yesterday that “given event risk tomorrow (Fed), I’d not be surprised to see an emotional market that spikes through that level and into 13065. Ultimately, the rally from Friday’s low is expected to prove corrective before lower prices are registered later in the month.” Interestingly, the advance from Friday’s low is best interpreted as impulsive. Regardless, the 4th wave of one less degree at 12995 should be revisited. Strategically, I’m a buyer at 12950 and a seller at 13065. I rarely publish intraday charts anymore, but the current pattern is so clean that a look at the near term is warranted.

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele

Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox.

Jamie is the author of Sentiment in the Forex Market.

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

DISCLOSURES