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
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
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
Oil - US Crude
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
Bitcoin
Bearish
More View more
Real Time News
  • We are cognisant of the fact that with month-end looming, given the outperformance in bonds over equities (US bonds outperforming S&P 500 by over 6%). Where is the market heading while #coronavirus continues to spark panic. Find out from @JMcQueenFX here:https://t.co/NZN1yuel13 https://t.co/n5GrdImX3B
  • US 7-Year Notes Draw 1.247% Primary Dealers Awarded: 23.9% Indirect Bidders Accepted: 63.0% Direct Bidders Accepted: 13.1% B/C Ratio: 2.49
  • some tech issues today so may be intermittent interruptions. but given vol the show must go on. webinar starts right now https://www.dailyfx.com/webinars/643096611
  • Right now at the White House @RampCapitalLLC https://t.co/LXGGmrXWvM
  • Fed's Evans: - Have more capacity for accommodation if necessary - Policy action change is premature until more data gathered - Monitoring impact from virus closely $DXY $SPX
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.07%, while traders in USD/CAD are at opposite extremes with 68.92%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/1ZBu6ad3CP
  • spoooz 90 handles off the lows... think this report his helping out https://t.co/CjF9SBeoN8 https://t.co/DPFlJGydyv
  • The #Dow Jones is sitting on the 200-day and June 2019 slope, a break through there might not extend to this point, but the next level of price support is near the 25,700/300-area.Get your #equities technical analysis from @PaulRobinsonFX here: https://t.co/VeB7yZTFAE https://t.co/JbwyWK7ngZ
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Gold: 0.20% Silver: -0.97% Oil - US Crude: -2.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/aDLxbVyb1U
  • Italy Emergency Chief says 650 coronavirus cases in country - BBG
USD Graphic Rewind 07.28

USD Graphic Rewind 07.28

2010-07-28 08:16:00
Jonathan Granby,
Share:
USDGraphicRewind7.28_body_dxy7.png, USD Graphic Rewind 07.28

It was a choppy day for the dollar index Tuesday, as we can see above it suffered at the hands of some whipsaw price action in the first half of the day. The initial dip lower came on the back of more excellent data from the UK which bolstered risk appetite early in the European session, lifting equities and higher-yielding FX. The reversal higher is really an interesting piece of price action, since the initial move higher came on the back of an improvement in the Case-Shiller home price index - dollar rallying on stronger US fundamentals. Then as a weak US consumer confidence report came in, we would have expected the dollar to show some weakness, by virtue of the fact that traders are largely ignoring the dollar as a safe haven play and trading it on US fundamentals. However, this was not the case and the dollar pushed higher, we put this down to the fact that equities were weakening at this point and any dollar weakness from the soft consumer confidence reading was negated. The index calmed down in the NY afternoon and showed a bid tone going into the Asian session after US equities closed shakily. However, solid earnings in Tokyo helped lift markets early and gave risk appetite some momentum back which saw the dollar slip once again.

Looking ahead, another very quiet economic calender in Europe will keep traders trading fundamentals and macro-issues which should see the dollar weaken since its fundamentals are perceived to be in worse condition than the EMU's. However, the wobbly finish on Wall St yesterday and weakness in the commodity currency bloc could lead to some volatile trade conditions in the coming sessions.

Written by Jonathan Granby, DailyFX Research Team

If you wish to receive Joel’s reports in a more timely fashion, email 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 out Forum Page.

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

DISCLOSURES

News & Analysis at your fingertips.