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.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
Gold
Bullish
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
Bitcoin
Bearish
More View more
Real Time News
  • How can traders avoid #FOMO in trading? Start by implementing a well-heeled plan taking only four hours per week. Get your insight from @JStanleyFX here: https://t.co/vwUShQPc27 #tradingstyle https://t.co/sY0X38Obfh
  • 🇺🇸 USD MBA Mortgage Applications (FEB 14), Actual: -6.4% Expected: N/A Previous: 1.1% https://www.dailyfx.com/economic-calendar#2020-02-19
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.90%, while traders in France 40 are at opposite extremes with 80.96%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/8v6pfU4wc0
  • Heads Up:🇺🇸 USD MBA Mortgage Applications (FEB 14) due at 12:00 GMT (15min), Actual: N/A Expected: N/A Previous: 1.1% https://www.dailyfx.com/economic-calendar#2020-02-19
  • The #Euro has dropped to a four-month low against the US Dollar, testing pivotal range support. A break below that may set the stage for a move toward the 1.07 figure.Get your market update from @IlyaSpivak here:https://t.co/20JWgb4Y8g https://t.co/GoXkn7IjBy
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.19% Silver: 1.08% Gold: 0.51% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/9pK12DdVOk
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.19% 🇳🇿NZD: 0.14% 🇦🇺AUD: 0.05% 🇨🇭CHF: -0.08% 🇬🇧GBP: -0.13% 🇯🇵JPY: -0.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/g3eknBXi3e
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: France 40: 0.73% Germany 30: 0.64% Wall Street: 0.22% US 500: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/WPF9syYyye
  • Euro vs USD Price Forecast: EUR/USD Eyes New Lows – Will the Selloff End? More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2020/02/19/Euro-vs-USD-Price-Forecast-EURUSD-Eyes-New-Lows--Will-the-Selloff-End-MK.html?CHID=9&QPID=917714 https://t.co/I7sA9XdsDH
  • LIVE NOW! Currency Strategist @PaulRobinsonFX discusses important technical developments relevant to short to intermediate-term commodity and equity index traders here - https://www.dailyfx.com/webinars/816147795?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
Balance is Needed for My One-Sided Dollar Approach

Balance is Needed for My One-Sided Dollar Approach

2011-02-17 03:15:00
John Kicklighter, Chief Currency Strategist
Share:

We have passed through the bulk of event risk this week (centered largely on the pound, euro and yen); and few clear trends have resulted from this mix. Technically, I have been particularly interested in the US dollar through this bout of fundamental activity - though the potential for the greenback responding to this mix was relatively low. Nonetheless, the high potential seen in global financial strains and an overdue unwinding of risky positioning presents a strong case for the dollar when things start moving. That is where my interest in the greenback comes from; but we are still waiting for that critical catalyst to push the market in that direction. In the meantime, I position for that inflection point in case that big trend takes over. However, leverages my exposure to long dollars and short risk appetite. I need a balance.

...

Looking for a counterbalance for my existing outlay and my forecast; I come across USDJPY. I am long this particular pair on low leverage for a long-term view of fundamental and technical reversal. However, I see notable, short-term potential in this pair after its aggressive rally from February 4th. Should the dollar pull back, it would only amplify the potential for a natural correction for this major. My technical cue would be a move below 83.50 and a stop just above 84 would allow for early entry and a first target that is easily within reach (while the second objective can be left entirely to momentum). If I'm looking for other risk-positive options, GBPCAD is a lesser setup below 1.5775.

...

As for the rest of my existing exposure; I'm firmly set toward risk aversion / dollar appreciation. I've taken a short-term EURUSD short from 1.3565 and kept my stop close at 50 pips with an equivalent first target. I see potential with this slow reversal making progress; but it isn't worth taking too much risk on. NZDUSD is a little further along in its reversal after breaking its long-term rising trendline and range bottom. This is the technical foundation from my short at 0.7540 with a 55-pip stop and first target. I have a Canadian dollar bias wrapped up into this risk averison view with USDCAD's long from 0.9870 (with a 70 point stop) and CADJPY short from 84.65 (with a 60 point buffer).

...

My AUDCHF short in the meantime has burned me again. A quick rally from the Aussie dollar knocked the position out and came rigth back down again. The fundmentals haven't changed; but the technicals aren't as encouraging. I need to wait a little before committing to the follow through on GBPAUD and GBPNZD trend breakouts. AUDUSD will lead me to a short when 0.9950 breaks and I will add when it drops below 0.99 and then 0.8850. Then there is the reversal opportunity from GBPCHF. A move below 1.54 would be a good trigger.

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

DISCLOSURES

News & Analysis at your fingertips.