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.

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
Subscribe
Please try again
EUR/USD
Bullish
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
Bearish
Gold
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
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Notice

BoE Chief Econimist (Hawk) is to Step Down From BoE After June Meeting

Real Time News
  • - Supply shortages could limit GDP upside - Expecting consumer-price pressures this year - Long-term disinflationary forces should modulate prices
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.27% 🇯🇵JPY: 0.20% 🇨🇦CAD: 0.20% 🇨🇭CHF: 0.15% 🇦🇺AUD: 0.15% 🇬🇧GBP: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SOlcl3sqbU
  • Fed's Barkin: - Hopeful that US is on brink of completing recovery - Expecting "really strong" spring and summer - Real-time indicators suggests US is "in midst of boom" #Fed $USD
  • Fed's Harker: - No reason to withdraw support yet, recovery remains in early stages - Good reason to expect recovery in 2021 - US GDP should grow 5-6% this year - Expecting unemployment rate to continue to decline #Fed $USD
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: France 40: 0.25% US 500: 0.11% FTSE 100: -0.07% Germany 30: -0.08% Wall Street: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/az0ACroYJd
  • Hey traders! Get your Tuesday market update on what event risks we are witnessing - Chinese trade figures, UK data & US CPI from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/cj5gu1zwKT
  • Heads Up:🇺🇸 Fed Harker Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-13
  • Heads Up:🇺🇸 Fed Daly Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-13
  • Heads Up:🇺🇸 Fed George Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-13
  • EU Commission plans to issue first Next Gen EU bonds by June. $EUR
If Volatility Swells, EURUSD and EURJPY Are Prime Opportunities

If Volatility Swells, EURUSD and EURJPY Are Prime Opportunities

John Kicklighter, Chief Strategist

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