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
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
GBP/USD
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
USD/JPY
Bearish
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
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • The @UMich consumer sentiment report printed 99.2 this morning and helped propel a risk-on mood across markets while the $USD extended its intraday rally. Get your market update from @FxWestwater here:https://t.co/sVwGakRiY6 https://t.co/6z3JhITOsh
  • RT @LizAnnSonders: GDPNow for Q4 from @AtlantaFed now at 2%, at top end of #BlueChipConsensus https://t.co/1ds63mLqxH
  • 🇺🇸 USD Consumer Credit (OCT), Actual: 18.91B Expected: $16.000b Previous: $9.513b https://www.dailyfx.com/economic-calendar#2019-12-06
  • Heads Up:🇺🇸 USD Consumer Credit (OCT) due at 20:00 GMT (15min), Actual: N/A Expected: $16.000b Previous: $9.513b https://www.dailyfx.com/economic-calendar#2019-12-06
  • Spot FX Update: $EUR 1.1056 $JPY 108.5670 $GBP 1.3139 $CAD 1.3263 $CHF 0.9899
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.09% Gold: -1.09% Silver: -2.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/tXVk1UGkMi
  • After an incredibly quiet November, the stock market has continued to record levels. Get your market update from @PeterHanksFX here: https://t.co/LMjHf0xkgn https://t.co/4CQzuvHGRU
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.09%, while traders in France 40 are at opposite extremes with 78.67%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wAXEIzWGVz
  • The 5-week ATR on $AUDUSD is the lowest since November 2002. This pair is ready for a breakout...and breakthrough or cascade on US-China trade war could provide it https://t.co/Ort3VHmnfW
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.20% US 500: 0.99% France 40: 0.12% Germany 30: 0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/LKKY8imctK
If Volatility Swells, EURUSD and EURJPY Are Prime Opportunities

If Volatility Swells, EURUSD and EURJPY Are Prime Opportunities

2014-07-11 03:43:00
John Kicklighter, Chief Currency Strategist
Share:

A spark of volatility sets up trade opportunity across a number of pairs. However, complacency and speculative positioning are strong trends, so I need better confirmation than I would normally look for. Furthermore, the glut of opportunities should be concentrated for those that can work even if the risk move is mild.

Originally, my favorite currency pair for medium-term potential is EURUSD. The divergence in rate bearings and the focus that the ECB is paying it makes for a bearish opportunity for multiple reasons. In general I think most euro pairs are exposed to further losses - see my strategy video on it. For EURUSD, I need a fundamental push; but technically, I'm watching 1.3500.

Another euro pair that is giving my favorite a run for its money is EURJPY. The same euro risk exposure could spur another global risk-off response. If that is the case, this would amplify this overbought cross. I am watching 137.50 as a line in the sand.

Meanwhile, I took my EURAUD short off for a profit this past week (+307) since it has held to congestion. Two months was longer than I expected to hold it. Like EURUSD I like the imbalance of opportunity. I may short again below 1.4350.

While there are plenty of options should a risk off run begin, another pair I am particularly interested in is USDJPY. Watching 101.50, I'll look for a change in the sentiment tide.

Meanwhile, for existing positions, I still have my USDCHF and AUDNZD long positions. These are my top 2014 trades and have been on for some time. There fundamentals are still appealing, so I have no plans to unload them.

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

DISCLOSURES

News & Analysis at your fingertips.