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 Download
Oil - US Crude
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
  • China's 290m rural workers' employment hit by the #coronavirus, says Human Resources Vice Minister You Jun -BBG
  • The $NZD may bounce after hitting a four-month low against its US counterpart, but overall positioning continues to argue for a bearish bias. Get your NZD market update from @IlyaSpivak here:https://t.co/pip5LuUUJW https://t.co/Js98E1kqCO
  • My majors-based Australian Dollar index and New Zealand Dollar index (pro-risk FX) are on the verge of technical downside breakouts that expose their weakest points since 2016 and 2015 respectively. #AUD has positive RSI divergence though. Am closely watching 👀 $AUDUSD $NZDUSD https://t.co/HXqrl6jheN
  • Risk aversion extends into Friday's Asia Pacific trading session as Nikkei 225 and S&P 500 futures aim lower after overall South Korean #coronavirus cases exceeded 2k. Anti-risk #Yen higher, #USD too. Pro-risk Australian Dollar aiming lower $AUDJPY - https://t.co/JwCufAQCma https://t.co/HVmWJJcYI8
  • The $USD faces key technical tests against the Singapore Dollar and Indonesian Rupiah after gains on #coronavirus fears. What is the technical road ahead for USD/SGD and USD/IDR? Find out from @ddubrovskyFX here: https://t.co/gDsab6fvw1 https://t.co/8mcwr3YU0U
  • China's Shanghai Composite opens lower 2.23% -BBG
  • GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Feb 19, 2020 15:00 GMT when GBP/JPY traded near 143.72. A contrarian view of crowd sentiment points to GBP/JPY weakness. https://www.dailyfx.com/sentiment https://t.co/2lo1ecQr4y
  • #Coronavirus #pandemic fears impact on #ASEAN stock indexes (monthly charts): Top Left - Singapore, lowest since Dec 2018 Top Right - Malaysia, lowest since December 2011 Bottom Left - Indonesia, lowest since October 2018 Bottom Right - Philippines, lowest since December 2016 https://t.co/rnQCwo2btI
  • #Coronavirus cases in South Korea surge to over 2,000 (BBG)
  • South Korea confirms 256 more #coronavirus cases, bringing total to 2,022 -BBG
USD Graphic Rewind 07.22

USD Graphic Rewind 07.22

2010-07-22 05:42:00
Jonathan Granby,



The dollar found itself relatively well bid throughout the day yesterday due to various themes. Early in the day the euro and pound shed some of their recent impressive gains propping the dollar in Europe and into the US session, which saw the dollar consolidate a little as players digested a raft of corporate earnings. Stocks and currencies were see-sawing ahead of Fed. Chair Bernanke's testimony as players refused to enter large positions in case of any surprises. Bernanke's comments were decidedly dovish and while he said that a double-dip is unlikely and the recovery is continuing at a moderate pace he did warn that the outlook is "unusually uncertain" and said the Fed is willing to take further action to support the economy if it should falter again. These comments prompted a massive flight to quality in the shape of dollar, yen and Swiss franc buying as players liquidated riskier holdings. However, while the dollar did benefit from the flight to safety by no means was it investors first choice the major flows were seen going into the yen in its headline and on the crosses pushing Usd/Jpy it to some of its strongest levels in a year. We can see from the above chart that the dollar has declined over-night in Asia despite equities trading lower, since Bernanke's comments have made the dollar incredibly unattractive to hold, so even in this risk averse trade the dollar is struggling to find consistent safe-haven bids, indicating that dollar aversion is still rampant.

Looking ahead, we expect Thursday to be a quiet day of trade with a slight slant to the downside for equities and riskier FX, unless the unexpected happens, ahead of the release of the EMU's bank stress-tests tomorrow. The dollar will likely remain heavyish as investors continue to chose the yen over the dollar as their quality asset of choice. 


Written by Jonathan Granby, DailyFX Research Team

If you wish to receive Joel's reports in a more timely fashion, e-mail 
instructor@dailyfx.com and you will be added to the "distribution" list.
 If you wish to discuss this topic or any other feel free to visit our 
Forum page



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


News & Analysis at your fingertips.