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.

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
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
More View more
Real Time News
  • While the #AUDUSD downtrend seems to have tentatively resumed already, the reasons for it to continue that are described here still look valid https://t.co/4i8LAW2ISz
  • Looking at the moves in the #DollarIndex and #gold in the days after US CPI this week, @tastytradeRyan, @victorJ0NES and I were on to something here... Bring on #FOMC! https://t.co/msk67privX
  • https://t.co/XFJ04Ve6fT
  • Copper prices eye key support to resume downtrend - #HG1! chart https://t.co/r1drGpDlGK
  • $USD to next resistance at 93.20 next levels up 93.43 and then the 2021 high at 93.73 https://t.co/hxfxJpCb33 https://t.co/srLbQHVbYO
  • USD/JPY extends the rebound from the weekly low (109.11) as the stronger-than-expected US Retail Sales report fuels speculation for an imminent shift in monetary policy. Get your market update from @DavidJSong here:https://t.co/Rozq62QbN4 https://t.co/IGVzuakGGA
  • $ES from resistance to support now at the weekly low, testing a few different support elements here, also a 618 $SPX https://t.co/cchd5Rr92S https://t.co/G9jwiIlEjY
  • The $SPX is going to keep it interesting for us through this final trading session. The 50-day SMA is under strain, its 'quad witching' today, evergreen uncertainty over weekend and FOMC on the threat radar https://t.co/gLgVn8u6HJ
  • The S&P 500 and its counterparts are leaning into support as the end of the week nears. DailyFX's @JohnKicklighter discusses the possibility of a break before next week's FOMC and Evergrande deadline! https://t.co/R5Pr9k2xp8
  • You're Not The Only One Bored Of 'New' Apple iPhones https://t.co/T3ZXZ8wplw via @IBDinvestors
Taking Some off the Table in the Nikkei

Taking Some off the Table in the Nikkei

Kristian Kerr, Sr. Currency Strategist

The Nikkei 225 failed last week in the resistance zone I was eyeing between 16,985 - 17,200 ( 50-day moving average, 38% retracement of the June - February decline, H&S neckline). Given the timing relationship (100% retracement in time of the October 2014 - June 2015 advance) that coincided with this price failure there is scope that this marks the start of a more significant decline as the downtrend in place since June attempts to reassert itself. There is also a decent possibility that this only marks a minor pause before another run higher. For this reason I want to take profit on half my original position and move the stop on the remaining position to cost.

Short the Nikkei 225 from around 17,040. Covered half of the original position at market (spot reference: 16,623). Stop on remaining position now around cost.

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

DISCLOSURES