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
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • The Japanese Yen is eyeing the upcoming Bank of Japan rate decision and CPI figures, but JPY crosses will likely remain dependent on broader market sentiment. Get your weekly $JPY forecast from @FxWestwater here:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets group. Get your market update from @FxWestwater here:
  • RT @michaeljburry: Read thread.
  • The Australian Dollar has retraced from August lows when looking at AUD/JPY and AUD/CAD. However, the AUD/NZD downtrend is intact, will a reversal there appear as well? Find out:
Realistic but Hopeful for Risk Aversion, EURUSD Short Next Week

Realistic but Hopeful for Risk Aversion, EURUSD Short Next Week

John Kicklighter, Chief Strategist

There is no room in trading for hope. However, there is nothing wrong with laying out market scenarios for different market outcomes - including those that carry the greatest overall potential. I am 'hopeful' that we can see a significant shift in risk trends (most likely towards risk aversion) this coming week and generate meaningful momentum behind the move. We've been lacking for momentum for some time.

This past week, my primary exposure to general risk trends was my short EURUSD from 1.2985. I took profit on the first half at 1.2870 and trailed the stop on the remainder to see if there was enough drive for meaningful follow through. Instead, the Spanish budget threw us for a rebound and my trailed stop cut out the second half for +30 pips.

Sharing the title of my favorite trade next week, I think EURUSD offers the kind of pent up opportunity in risk aversion and Euro-region financial trouble to send this pair tumbling. Furthermore, the technicals are clear. The 20-0-day SMA and 50% Fib retracement of the late August to mid-September rally both fall nicely at 1.2820. I like confirmation on my breaks (more so fundamental confirmation), but this looks very appealing.

The other top trade in my book is a possible GBPUSD. This and EURUSD are highly correlated, so I have to account for that on any trades I take. That said, we've finally broken the spell of seven weeks of consecutive advance and the pair has contracted into what looks like an inevitable breakout situation. I was originally looking for just a move below 1.6150, but an expanding wedge shows I need to really focus my attention on risk trends to offer conviction.

Both of the previous setups are dedicated to risk-off development. To offer some counterbalance, I still have a reduced size EURJPY long from 100.45 (stop: 99.60). Less a risk and more a euro offset, I am also still in a half size EURGBP long from 0.7965 (stop 0.7900). These are sized and stops set in such a way that they could offset some gains from a good EURUSD break, but trend development would offer better return.

Away from risk trends, the best trade I currently have on is without doubt the AUDNZD short. My first short effort was stopped out (it topped just a few pips above the stop), so I reentered last week at 1.2690 (stop 1.2750). I'm well in the money on the position, but I have not taken first target as the net betwen the two attempts is still modest. This pair has a lot of potential, but I may need to be patient. I will also have to watch the RBA outcome next week.

My other current trade exposure is USDJPY. With two entries, I'm long from an average of 77.60 (stop 76.76). I'm targeting somewhere in the vacinity of the channel top (78.75-78.00). If we get a clear 78 break to the upside. I'll build a larger position (I'm already full size).

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