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
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
Oil - US Crude
More View more
Real Time News
  • Trading Global Markets new #podcast features @DailyFX Anlayst @PeterHanksFX , who discusses what assets would benefit in the next #recession. Tune into this new podcast episode hosted by @MartinSEssex here: https://t.co/Twr44cZ1GB https://t.co/llKzvZGDpQ
  • The #Euro remains weak against a range of currencies and any move higher is struggling to gain traction as the single currency continues to be sold-off. Get your #EUR technical analysis from @nickcawley1 here: https://t.co/9B2m0kmd4d https://t.co/ZENxpC59mP
  • The Indian Rupee 2020 outlook is bearish as India faces stagflation risk amid rising onion and crude oil prices. $USDINR may rise in the medium-term as the RBI defers hiking rates. Get your market update from @ddubrovskyFX here: https://t.co/lRrlZjAQDw https://t.co/mFv1EOYMjG
  • The $GBP may be on the cusp resuming a 12-year downtrend against the US Dollar as signs of topping emerge at pivotal chart resistance. Get oyur market update from @IlyaSpivak here:https://t.co/9rM3OjWmBA https://t.co/sUWcSFruHw
  • The $NZD may be on average at risk to further losses against its major counterparts such as the US Dollar and Japanese Yen. Where to for NZD/USD and NZD/JPY from here? Find out from @ddubrovskyFX here:https://t.co/OFjePKYdCb https://t.co/eo1c6QAVd8
  • $AUDJPY technical positioning hints prices may be on cusp of turning lower after a late-2019 bounce, recoupling with a dovish RBA policy outlook. Get your market update from @IlyaSpivak here: https://t.co/z84Y0V0ZtH https://t.co/wcIGO1emDw
  • The Japanese Yen has faded into 2020 as market risk appetite has held up and hit demand for haven assets. $USDJPY now challenges a key medium-term downtrend, but hasn’t topped it yet.Get your market update from @DavidCottleFX here:https://t.co/4X6vgCgkB7 https://t.co/FfCkGhtHsm
  • The $USD may fall against the Swedish Krona and Norwegian Krone if commentary from officials at the Davos forum uplift market mood and pressure haven-linked currencies. Get your market update from @ZabelinDimitri here:https://t.co/SZAG0yMu3d https://t.co/cBZj5tC0Ny
  • The $NZD is inching toward support guiding gains in the fourth quarter of 2019. A break may set the stage for long-term bearish trend resumption. Get your market update from @IlyaSpivak here:https://t.co/bnlx4RJ8oV https://t.co/d60YziMYnO
  • $Gld prices are poised to mark the highest weekly-close in nearly seven-years, but the bulls aren’t in the clear yet. Here are the XAU/USD levels that matter next week. Get your $XAUUSD technical analysis from @MBForex here: https://t.co/yeTH6HwncQ https://t.co/6sIpxTSNaX
Dollar Options for a Clear Bearing

Dollar Options for a Clear Bearing

2018-06-28 03:53:00
John Kicklighter, Chief Currency Strategist

The Dollar is not particularly easy to project. It carries a lot of fundamental baggage with interest rate forecasting struggling to leverage the long-expected recovery from 2017's slide lower and the traditional safe haven role drawing debate over its appeal in our otherwise unique conditions. Picking a definitive view on the Greenback seems unreasonable, but assuming volatilty in the near future seems a safe bet. That being said, I like to evaluate options for a bullish or bearish outcome with a common vein of volatility.

For a bullish Dollar performance, we would likely require an extreme charge of risk averison or the currency's counterparts would need to universally collapse. Not highly likely, but certainly possible outcomes. If we find these favorable conditions, I will look to EURUSD to clear 1.1500 support as a technical milestone that gives additional speculative weight to a fundamental development on the exchange rates. Yet, even if we do see this progress in favor of USD, I will remain cautious of follow through with a progressive chase on any stop along the way.

EURUSD  Daily Chart

On the opposite end of the spectrum, I see more short-term interest on bearish opportunities against the Dollar after its multi-month advance. Among the majors, I like USDJPY close to trendline resistance around 110.75 as a trendline stretching back to October's swing high. A risk aversion could readily sweep the Dollar as an instigator which is my preferred scenario for USDJPY, but setting anticpation for strong follow through is a stretch in these frustratingly restrained markets.

From other pairs, I like the same counter-trend appreciation the USDCAD evokes. The Candian Dollar has developed persistent trends higher and then lower as the fundamental tide has changed. Having leveled up to a pivot and Fib combination at 1.34, there has been a clear point of hesitation. If we start to see a full stall shy of 1.3400 evolving into fresh daily lows, I will consider this a pair worthy of our attention and perhaps trades.

Finding the way outside of the United States' unpredictable headlines and market reaction, it is difficult to find a perfectly liquid pair that fits needs for consistency and opportunity. From CADCHF, we have an off the beaten path. With strong underlying trends from both currencies over the past weeks and months, many are just trying to shelter to avoid the harsh reprecussions in an overactive postion in a limited market. I will look for further retreat from this key pair with risk trends and perhaps policy diergence shaping the way.

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


News & Analysis at your fingertips.