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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
  • $USD straight shot up to that next level of resistance. 93.42 was the Q1 swing high. Next major level up is the 21 high at 93.73
  • Cryptocurrencies also conforming to the pullback in risk appetite - testing near term support at 3020 (El Salvador crash low) - 2890 = May 26/June 4th highs
  • $SPX futes starting the week on a down note testing support from the Aug 26th low. Fed is in a blackout window, announcement on Wednesday. $ES $SPY
  • ECB's Kazaks says inflation rise is hump-shaped and transitory $EUR
  • Join @MBForex at 8:30 EST/12:30 GMT for his weekly scalping webinar. Register here:
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min)
  • - It is the end date which signals that the conditions for an increase in policy rates are getting closer, the precise sequencing and timing will, of course, require careful guidance when the time has come $EUR
  • ECB's Schnabel - As the inflation outlook brightens, it becomes less important how much a central bank buys or when a reduction in pace of net asset purchases states, but rather when such purchases end $EUR
  • Join @CVecchioFX at 7:30 EST/11:30 GMT for a webinar on developing a strategy for major event risk. Register here:
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here:
EURUSD and AUDUSD Making Moves, EURJPY and AUDJPY Tempting

EURUSD and AUDUSD Making Moves, EURJPY and AUDJPY Tempting

John Kicklighter, Chief Strategist

We've had some surprisingly strong moves so far this week. With a swell in volatility, we've found some tentative breakouts that threaten much larger moves. However, I remain skeptical of seismic shifts in sentiment-based trends and the catalyzing of those high-level risk/reward setups out there.


So far this week, I have had a few good trades on short term setups. The post FOMC channel break on EURUSD (below 1.3300) was good for approximately 60 pips in the span of hours and I stuck with a long USDCAD for approximately 18 hours off a swing from its wedge bottom for 55 pips.


Both look like they had/have more potential if only the dollar were willing to take that critical step to a major bull trend and if risk aversion were to finally sweep over the markets. Yet, we have to appreciate that we have the expectation of event risk on the horizon (Friday's NFP and Chinese GDP next week) to curb ambitions and liquidity is looking to drain with the holiday period. As such, these are not the most conducive conditions for trend development.


That said, you can't ignore the trade potential out there. EURUSD could really start moving below 1.3300, GBPUSD could test former support as new resistance and move on down towards 1.5650, and AUDUSD could easily move towards parity, USDCAD and NZDUSD could clear congestion (1.0020 and 0.8050) to graduate into a true dollar trend. Yet all of these moves require a serious dollar-positive development to jump start and maintain. Not only is that different to rouse now, but the greenback has already made substantial gains so breakout pressure has eased.


Other, more risk sensitive pairs look even more attractive. I'm particularly interested in the yen crosses should the S&P 500 decide to take Wednesday's drop to the next level. AUDJPY tentatively broke its 85.00 floor, while CADJPY and NZDJPY are close to their own trendline breaks. GBPJPY is attractive below 130. However, I'm not completely flat. I took a small short on EURJPY with its own move below 108.65 and retest of that level as new resistance. I'll add to it if risk aversion pans out.


In the meantime, I'm still long EURCHF and short AUDCAD on that long-term trendline break. Both are worth the patience they require.

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