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
Mixed
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
Gold
Mixed
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
USD/JPY
Bullish
More View more
Real Time News
  • Fed's Brainard: - Important to communicate clearly when substantial further progress on goals has been made - Says outlook is bright, expects to continue making progress on Fed goals, but still far from reaching that point - Labor demand and supply recovering at different speeds
  • ECB's Knot: - Banks have withstood covid stress test 'pretty well' - Ground for euro-area recovery is getting firmer - Pent up demand is 'significant' upside risk $EUR $EURUSD $EURGBP
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.31% 🇬🇧GBP: 0.24% 🇯🇵JPY: 0.24% 🇳🇿NZD: 0.07% 🇨🇦CAD: 0.06% 🇨🇭CHF: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rBmlc0ErCB
  • Fed's Brainard: -April jobs data was a reminder that the recovery will be uneven, hard to predict -Strong rebound in hiring still likely -Fed policy driven by economy's actual performance is right strategy -Temporary jump in inflation unlikely to undo longer trends
  • Fed's Brainard: -Inflation tough to predict, may be transitory -Important to stay patiently focused on reaching goals -Data shows price expectations well anchored at 2% -Fed has tools and will react if inflation accelerates too much -Supply/Demand bottlenecks add to uncertainty
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.23% FTSE 100: 0.20% France 40: 0.18% US 500: -0.95% Wall Street: -1.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/0hpabRfty5
  • Heads Up:🇺🇸 Fed Brainard Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-11
  • RT @carlquintanilla: * WHITE HOUSE TO ANNOUNCE NEW PARTNERSHIP WITH RIDE SHARING COMPANIES $UBER, $LYFT TO MAKE ALL RIDES TO AND FROM VACCI…
  • The Nasdaq 100 to Dow ratio took another serious hit this morning to readily clear the floor of its 10 months of congestion. Where is Hans Gruber when you need him? https://t.co/kwGiIMgFM8
  • Lumber futures pacing back-to-back declines for the first time since mid-March. Read up on the lumber market here: https://www.dailyfx.com/forex/fundamental/article/weekly_spotlight/2021/05/07/will-lumber-prices-prick-us-housing-bubble-or-will-low-rates-prevail.html $LB $LBS #Commodities https://t.co/O4zA7u5yaH
USD Forex Trading Program: 06/20/2013

USD Forex Trading Program: 06/20/2013

Jamie Saettele, CMT, Sr. Technical Strategist

Was stopped out of NZDUSD longs last night but remain long USDCHF. Plans are to build a bigger USD bullish position over the next several days on USD dips.

EURUSD

The rally from the 6/10 low is accompanied by pathetic momentum. That level, 1.3176, has already been reached (1.3180 low last night). A bounce back into 1.3272-1.3300 as part of a bigger topping process would present a short opportunity. Evidence of a more important top is seen by yesterday's JS Spike (key reversal + volatility conditions). The last such setup was on 4/4, which proved to be an important low (both days are circled).

GBPUSD

The GBPUSD is working on an outside week reversal. This would be the first reversal from a 13 week price extreme since the week that ended 3/15 (low of the year so far). 1.5564-1.5600 is resistance to sell into against the high.

USDJPY

Focus remains on 98.75 (half the move down and the breakdown level). Would expect any pullback to find support at 97.00/20 (post-FOMC high and pre-European open pivot high). The picture is constructive above 96.00

USDCHF

With .9290 taken out, focus shifts to .9420/90. .9270/90 is now support and I'll be looking to add longs on dips.

Follow me on Twitter @JamieSaettele

Email List (Technicals sent in PDF form once a day)

Sentiment in the Forex Market (my book)

Full Technicals

FX Technical Weekly

DailyFX PLUS

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

DISCLOSURES