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
EUR/USD
Bullish
Oil - US Crude
Mixed
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
Gold
Bearish
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
GBP/USD
Mixed
USD/JPY
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
  • The US dollar continued to sell-off this week and the greenback’s future will be decided by commentary from the White House and not the Federal Reserve over the coming days and weeks. Get your #currencies market update from @nickcawley1 here: https://t.co/lpHneO3s2h https://t.co/bZ5klohLNd
  • #Gold prices have continued to push higher as expectations have built for global Central Banks to remain very loose and passive with monetary policy for the foreseeable future. Get your $XAUUSD technical analysis from @JStanleyFX here: https://t.co/h5tF3kAZfd https://t.co/VAYy9FGHcQ
  • Major investment bank models have touted USD selling, given the outperformance in US equities relative to its counterparts over the past month. How is this likely to impact the month-end rebalancing? Find out from @JMcQueenFX here:https://t.co/MtNrHmXZpD https://t.co/YvoHlUsdVr
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/X15k6b4ZyB
  • The month of May saw equities rise across the board. The #Dow Jones and #DAX 30 will look to hold above nearby support while the #Nasdaq 100 may look to attack all-time highs. Get your #equities market update from @PeterHanksFX here: https://t.co/dQxkG68R0I https://t.co/cgfcOs14qG
  • There is a dramatic departure between yield curve pricing for a recession and other measures of near-term growth; the Q2’20 Atlanta Fed GDPNow is extremely alarming.Get your market update from @CVecchioFX here: https://t.co/eMd3T8EwDO https://t.co/56oUP6we9U
  • The #DAX has now closed the gap from the beginning of March with the index breaking above 61.8% fib at 11592. Get your DAX market update from @JMcQueenFX here: https://t.co/wr67nkxc8z https://t.co/CkxPZn1v3t
  • Emerging market currencies haven’t been treated equally by the effects of global contagion, even if most have suffered to some degree. However withdrawal of investment flows could hit them all. Get your market update from @DavidCottleFX here:https://t.co/QzNoNYgMgP https://t.co/9CV6iZt40j
  • My weekend trading video: 'S&P 500 Rises on Trump China Presser, #NFPs and Rate Decisions Ahead' https://www.dailyfx.com/forex/video/daily_news_report/2020/05/30/SP-500-Rises-on-Trump-China-Presser-NFPs-and-Rate-Decisions-Ahead.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/ZvoGoibzj1
  • Hopes are high for deeper European economic integration as the continent battles back from the coronavirus slowdowns – but will it hold? What impact can this have on #Euro? Find out from @JStanleyFX here: https://t.co/b9ZWRd4cTr https://t.co/gngm5tKqjz
Guest Commentary: MarketVisionTV - Stay 'Extremely Vigilant' on the EURUSD!

Guest Commentary: MarketVisionTV - Stay 'Extremely Vigilant' on the EURUSD!

2012-05-02 13:30:00
Ed Matts - MarketVisionTV.com,
Share:

The Euro has entered the last stages of the pivotal 1.30-1.35 consolidation.

Guest_Commentary_MarketVisionTV_Stay_Extremely_Vigilant_on_the_EURUSD_body_eur0205.png, Guest Commentary: MarketVisionTV - Stay 'Extremely Vigilant' on the EURUSD!

* A flat bottomed triangle in the now 1.30-1.3285 range is nearly over.

* The current decline to attack the 1.30 pivot should be the last in the range.

* The outcome of consolidation should be indicated by the speed of the price action and how the Euro treats the current NY Gap.

One of the hardest tools to use or indeed explain is when to use trending analysis as opposed to consolidation analysis..in Elliott Wave terms 5 waves as opposed to 3.

Although the Euro has entered the last stages of the flat bottomed triangle consolidation in the 1.30 to now 1.3285 range, the current break down is likely a trend move . What we have described as the Extreme Vigilance trade for a reason..a potential analogy inspired by Cable.

As such the outstanding NY gap from 1.3205..a likely break away gap is likely to remain unfilled.. even with part gap filling to 1.3170-80 38.2%.. before t extends to the initial 1.3105 target in a five wave trend decline. Again this is likely to prompt reaction, but as 1.3205 now caps we can expect a final trend break down to attack the 1.2995 pivot and a critical near term juncture.

We are staying short and looking to add on a rally with 1.3290 stops now. But back over 1.3205 diffuses the current bearishness slowing the price action and suggesting the eventual break down is likely to hold 1.29995 and therefore a buying opportunity for an eventual break up through 1.3285 beyond 1.3385.

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

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

DISCLOSURES

News & Analysis at your fingertips.