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
Oil - US Crude
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
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • Markets Week Ahead: Gold, Dow, Pound-Dollar, BoE Rate Decision, Fed Risk, PMIs Check out my recap of last week and preview of upcoming event risk, plus all the latest forecasts from the @DailyFX team below. Link to Analysis - $GLD $DJI $GBPUSD #Trading
  • Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine success. Learn about the three types of trading exit strategies here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here:
  • (Weekly Technical Outlook) US Dollar Outlook, Key Trend Reversals Playing Out? USD/CAD, AUD/USD, EUR/USD, GBP/USD #USD $USDCAD $AUDUSD $EURUSD $GBPUSD
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
Guest Commentary: MarketVisionTV - A Nasty Shock Coming Both Ways on Sterling Yen

Guest Commentary: MarketVisionTV - A Nasty Shock Coming Both Ways on Sterling Yen

Guest_Commentary_MarketVisionTV_A_Nasty_Shock_Coming_Both_Ways_on_Sterling_Yen_body_GBPJPY103.png, Guest Commentary: MarketVisionTV - A Nasty Shock Coming Both Ways on Sterling Yen

Sterling Yen is correcting an uptrend that is destined as high ultimately as high as 134.25 as highlighted on the daily perspective.

But it has satisfied the near term uptrend (in a five wave trend sequence) with the spike of the 129.20 target. If it started a larger correction then with the drop to 126.70 (a five wave to the 38.25 of the smaller uptrend) there is a very good reason why it is back at highs. It could be a deep B wave retest similar to previous but a more likely reason is a potential B wave high to 130.55 in other words new highs within the corrective process.

This is likely for four reasons.

1) Alternates nicely with the simple correction to 119.55

2) Creates the possibility of important divergence with Euro Yen staying below the equivalent 119.90 high

3) Provides the perfect backwards target for a c=1.618a target of 125.80 coinciding with 38.2% retracement of the larger uptrend.

4) Reflects a currency that is very bid in a strong uptrend that briefly lacks momentum.

So as it breaks to new highs but fails to sustain itself over 130.85 a then we can look for a loss of the uptrend support at 127.90 now not just to provide 126.70 but a spike lower to 125.80 to end the correction. And in so doing create the basis of sterling yen's formation the expanding wedge top or bottom.

Further Videos and Commentaries are available on and @EdMatts on Twitter

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