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
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Mixed
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
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
  • China reaffirms vow to sanction US officials over Hong Kong -BBG
  • $USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:https://t.co/5GO9UrvO4y https://t.co/3x4BbsYUTg
  • The GBP/NZD, EUR/NZD exchange rates seem poised to reverse their respective 4-month downtrends as NZD/CHF struggles at key resistance. Get your market update from @DanielGMoss here: https://t.co/DZguLNJBjh https://t.co/duO4eIPHRj
  • “The $AUD is bracing for volatility, facing back-to-back local jobs & Chinese GDP data. Join Analyst @ddubrovskyFX for a unique double-data session as he covers and discusses the outlook for the Aussie tomorrow at 9:15 PM ET/1:15 AM GMT here - https://t.co/ECzthquv9Q https://t.co/Igm1MCeGNE
  • Heads Up:🇦🇺 Westpac Consumer Confidence Index (JUL) due at 00:30 GMT (15min) Previous: 93.7 https://www.dailyfx.com/economic-calendar#2020-07-15
  • The US Dollar weakened against ASEAN currencies like the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah and Philippine Peso. Ahead, Chinese GDP and US retail sales are eyed. Get your market update from @ddubrovskyFX here:https://t.co/fy366LmjDK https://t.co/4wFFibsNz2
  • Here is an atypical cross for those that just focus on the majors, but nevertheless worth following. $GBPNZD's 10-day ATR is at an extreme low level (lowest since Aug 2018). Suggests a higher risk of a break in the future https://t.co/gguiZrXUMW
  • Join @ddubrovskyFX 's #webinar at 8:00 PM ET/12:00 AM GMT to find out what information you can gain from knowing what other traders are buying or selling. Register here: https://t.co/Bb3CTCTm44 https://t.co/OtwK8uJohe
  • 🇰🇷 Unemployment Rate (JUN) Actual: 4.3% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-07-14
  • Heads Up:🇰🇷 Unemployment Rate (JUN) due at 23:00 GMT (15min) Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-07-14
Respecting the Lean on Risk but Lack of Follow Through

Respecting the Lean on Risk but Lack of Follow Through

2012-02-06 19:24:00
John Kicklighter, Chief Strategist
Share:

This past Friday left us with on the edge of our seats. With the US equity indexes closing above meaningful resistance (and dragging AUDUSD with it), we have a flashing sign that risk is pushing further. Yet, where is the immediate follow through. We need momentum and conviction at these heights, and we have yet to find it. I'm not calling an immediate false break and reversal, but this that is a risk we can't ignore.

...

My take on the lacking follow through in the risk-positive drive and the European currencies' catch-up rally from this morning led me to a short-term congestion based approach for GBPUSD. A short from 1.5825 (stop: 1.5865, T1: 1.5765), is a move that fits congestion and natural correction of the morning fireworks before the expected BoE stimulus pump on Thursday (selling the rumor). There is opportunity with EURUSD but I'll wait for a break of the 1.3200 to 1.3030 congestion. Of the three, I like USDCHF most (bullish bias), but that is definitely requires confirmation above 0.9250.

...

I have risk interests as well. NZDUSD is developing a possible H&S on the 60min chart with a sloping floor currently near 0.8295.AUDUSD can offer the same, but it is prudent to only take one. Perhaps the RBA can make the decision for me with a bearish reaction.

...

My too, longer-term holdings are still in place: long USDJPY and EURCHF. I'm willing to hold the former with a term up to a few months and the latter for weeks. Intervention risk is lower to start this week with the franc and yen somewhat off highs.

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

DISCLOSURES

News & Analysis at your fingertips.