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
More View more
Real Time News
  • Despite the IMF's update to 2021 growth forecasts and strong earnings after hours, risk trends are pacing like markets are worried. Traders are likely awaiting the Fed, and that has me look at $EURUSD and $USDCAD https://www.dailyfx.com/forex/video/daily_news_report/2021/07/28/EURUSD-and-USDCAD-Reversals-More-Suitable-to-Conditions-but-Beholden-to-Fed.html https://t.co/ywxD4wRAYX
  • Wall Street Futures Update: Dow Jones (-0.08%) S&P 500 (-0.01%) Nasdaq 100 (-0.06%) [delayed] -BBG
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/iMvJr5f8xn
  • The British Pound could remain vulnerable against the US Dollar while perhaps looking to push higher against the Australian Dollar, Canadian Dollar and New Zealand Dollar.Get your market update from @ddubrovskyFX here:https://t.co/vvbsYTp4Cx https://t.co/o8Z9bsE0W1
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.43% Gold: 0.23% Silver: 0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/dRHbp3p0Ii
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.12% 🇪🇺EUR: 0.03% 🇬🇧GBP: 0.01% 🇳🇿NZD: -0.02% 🇨🇭CHF: -0.03% 🇦🇺AUD: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/dANsuTmXWb
  • https://t.co/e7ibDiB1oK
  • RT @FxWestwater: Australian Dollar Outlook: $AUDUSD Snubs Hot Q2 CPI as Sydney Lockdown Extends Link: https://www.dailyfx.com/forex/market_alert/2021/07/28/Australian-Dollar-Outlook-AUDUSD-Snubs-Hot-Q2-CPI-as-Sydney-Lockdown-Extends.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.10%, while traders in Wall Street are at opposite extremes with 75.33%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/GKwSgVlfTy
  • $AUDUSD little changed on an overall mixed Q2 Australian CPI report Headline rates were slightly better-than-expected - 3.8% y/y vs 0.8% seen - 0.8% q/q vs 0.7% seen But, the RBA preferred trimmed mean gauges were as expected - 1.6% y/y - 0.5% q/q Eyes on #Fed next! https://t.co/qIXNi1aURz
Guest Commentary: MarketVisionTV - Three Strikes and We will be in the Euro Dollar!

Guest Commentary: MarketVisionTV - Three Strikes and We will be in the Euro Dollar!

Ed Matts - MarketVisionTV.com,

Within the 1.30-1.35 corrective consolidation there are three striking observations.

Guest_Commentary_MarketVisionTV_Three_Strikes_and_We_will_be_in_the_Euro_Dollar_body_EUR304B.png, Guest Commentary: MarketVisionTV - Three Strikes and We will be in the Euro Dollar!

1. We haven't seen the high for the current rally.

2. There needs to be a sell off before it breaks the 1.3485 high.

3. This 1.30-1.35 consolidation should eventually break higher.

The consolidation of the last week in the 1.3250-1.3385 range appears triangular and therefore suggests its the (D wave) the penultimate correction within a rising wedge.

Since triangles, like wedges, should have 5 legs there is scope for at least another 24-48 hours consolidation before spiking up at least to the 1.3415 C=A equality target possibly the 1.3450 triangle thrust target.

We will look to cover longs on this rally and sell against 1.3485 but for what? Certainly the triangle apex in the 1.3250-1.33 region but ordinarily 1.30. However, the Eureka analogy (where the Euro appears to be consistently repeating the price action from 11 months ago at the end of February 2011) suggests this sell off will test but hold 1.3250 before breaking higher.

Further videos or commentaries are available form www.MarketVisionTV.com or @EdMatts on Twitter.

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

DISCLOSURES