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
Bearish
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
Wall Street
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
Gold
Bearish
GBP/USD
Bearish
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
  • #FTSE 100 and S&P 500 could have room for weakness ahead as the #CAC 40 attempts to climb towards key resistance. Get your European #equities update from @ddubrovskyFX here:https://t.co/gepciUHqxT https://t.co/j1ONIxOoT7
  • Market snapshot: #AUD, #NZD edging slightly lower while US equity futures are trading mixed.
  • Update on #Cryptocurrencies #BITCOIN +3.19% #BITCOINCASH +1.80% #ETHEREUM +2.25% #RIPPLE +1.07% #LITECOIN +2.33%
  • $EURUSD Daily Pivot Points: S3: 1.0802 S2: 1.0883 S1: 1.0933 R1: 1.1014 R2: 1.1046 R3: 1.1127 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • So far this week, those fortunes have flipped as the Nasdaq is working on its second consecutive down-day while the Dow has, so far, rallied through both sessions. Get your #equities technical analysis from @JStanleyFX here:https://t.co/uafQxTayEY https://t.co/7iGh15koeL
  • That was an impressive recovery from the #SP500 during the #WallStreet session. What's interesting to see is the pro-risk #AUD and #NZD being unable to capitalize nearly as much versus stocks. Could momentum be fading? #USD $AUDUSD $NZDUSD https://t.co/YBg6wzgG2i
  • The U.S. House passes the Uyghur Human Rights Policy Act $FXI $USDCNH
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.25% 🇨🇦CAD: 0.20% 🇯🇵JPY: -0.16% 🇨🇭CHF: -0.27% 🇦🇺AUD: -0.43% 🇬🇧GBP: -0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/WUkvzm2KzY
  • Silver has been beaten handily by gold in the rush to haven assets inspired by the contagion. However, the gold/silver ratio was rising steadily before this crisis and will probably continue to do so. Get your #silver market update from @DavidCottleFX here:https://t.co/00DiZn6XZS https://t.co/ygkaj7nHr6
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 0.83% Gold: 0.06% Oil - US Crude: -2.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fmPVQRIybZ
The Trading Opportunities are Mouth Watering

The Trading Opportunities are Mouth Watering

2012-05-16 01:53:00
John Kicklighter, Chief Strategist
Share:

The markets are dripping with potential. However, there is a mixture of confirmation and being late to the game that I have to balance. In looking at the Dow Jones FXCM Dollar Index setting a close at its highest level since January 2011 and tentatively breaking a long-term resistance as well as the S&P 500's drop below multi-month 1340 support, we are looking at multiple levels of confirmation for a market-wide shift. This could be the true sign of a market-wide risk aversion move that is long overdue, but jumping in with medium-term conviction requires certainty and picking the right trades for this theme (those that aren't already deep into the trend).

...

For myself, I'm still cautious about the implications of the USDollar and S&P 500 break. A break and a break with follow through are two different things - and the latter is needed for trend. My uncertainty lead me to book my EURUSD short from 1.2940, but I would be interested in getting short again if we can break the January low (with a real fundamental push) or find a better price on a bounce (provided resistance is backed by another fundamental push).

...

I still have short risk and long dollar interest on however. With AUDUSD's break below parity and thereby a multi-year rising trendline in the area, there is a very big technical shift. I took a much smaller position there with a wider stop, but follow through is still uncertainty - I'll be looking for equities to add momentum to their decline.

...

Other dollar-based majors can rouse my interest soon. GBPUSD dropped below 1.6000, but I think the sterling's own BoE Quarterly Inflation report can decide where this pair goes and how quickly (the same for GBPJPY which is stuck within a wedge from 2/23, ignoring the progress its fellow yen crosses are making). Speaking of the yen, USDJPY is moving above channel resistance, but follow through here absolutely depends on leveraging the liquidity theme.

...

There are a number of fundamental ambiguous pairs that have my interest as well (those pairs where the view isn't as clear still have significant repricing potential). I didn't short EURCAD on the break because we just came through the euro data and it could bounce - and a strong risk aversion move could disrupt the CAD's run. If the euro stabilizes and risk trends continue to fall apart, I like EURAUD and EURNZD on breaks of above their respective congestion resistance.

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

DISCLOSURES

News & Analysis at your fingertips.