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
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
More View more
Real Time News
  • $USD straight shot up to that next level of resistance. 93.42 was the Q1 swing high. Next major level up is the 21 high at 93.73 https://t.co/h3NjcpmSPW https://t.co/ewcgoptFVG
  • Cryptocurrencies also conforming to the pullback in risk appetite - testing near term support at 3020 (El Salvador crash low) - 2890 = May 26/June 4th highs https://t.co/DeQkqF9YQ3
  • $SPX futes starting the week on a down note testing support from the Aug 26th low. Fed is in a blackout window, announcement on Wednesday. $ES $SPY https://t.co/W0dqFzrsbm https://t.co/5kXWFBJvLk
  • ECB's Kazaks says inflation rise is hump-shaped and transitory $EUR
  • Join @MBForex at 8:30 EST/12:30 GMT for his weekly scalping webinar. Register here: https://t.co/VGr4ZK3QZ9 https://t.co/9HSDsVWigv
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-20
  • - It is the end date which signals that the conditions for an increase in policy rates are getting closer, the precise sequencing and timing will, of course, require careful guidance when the time has come $EUR
  • ECB's Schnabel - As the inflation outlook brightens, it becomes less important how much a central bank buys or when a reduction in pace of net asset purchases states, but rather when such purchases end $EUR
  • Join @CVecchioFX at 7:30 EST/11:30 GMT for a webinar on developing a strategy for major event risk. Register here: https://t.co/D8DAmLpkuS https://t.co/mIuN0EGhBY
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here: https://t.co/D8DXSAdpqC https://t.co/odzyc8Qi8Y
Guest Commentary: MarketVisionTV - Trade Alert on GBPJPY!

Guest Commentary: MarketVisionTV - Trade Alert on GBPJPY!

Ed Matts - MarketVisionTV.com,

Knowing the character of a currency pair is important and highlights extreme caution on our GBPJPY short.

* The sharp reversal from 133.45 encourages our view of medium term weakness.

* But Sterling likes to retest highs lows and consolidate tops before trends are sustained (just look at 117!)

* We are squaring shorts on weakness then in order to resell strength (and will probably time short term longs against longer term option puts).

* Euro Swiss may (perversely) remain a useful indicator.

Guest_Commentary_MarketVisionTV_Trade_Alert_on_GBPJPY_body_gbpjpy1104.png, Guest Commentary: MarketVisionTV - Trade Alert on GBPJPY!

Sterling Yen has reversed after the trend sequence from 117.35 ended with the spike of the 133.20 target and therefore possibly ending a correction from 116.85.

We should be excited then by the reversal as a sign of medium term weakness...and we are...except for Sterling Yen's fondness of deep B waves within consolidation tops and bottoms.

We are reducing shorts then as it approaches the 127.30 38.2% retracement and the previous 126.70 low for an initial 127-130 consolidation before breaking back up to retest the 133.45 high possibly even the 134.25 confluence point before resuming the decline to at least 123.20.

We will resell this rally with stops back at the original 135.10. And if we needed any other reason for this strategy.

Then Euro Swiss somewhat perversely remains our guide...last November 22nd it suggest Sterling was here prior to the sharp intervention style rally...and now suggests it is in the early stages of a consolidation top.

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