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
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
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
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
  • Support and resistance are the cornerstone of technical analysis, making it the foundation that you build your knowledge on. Build a stronger foundation here: https://t.co/yXLaRpl90I https://t.co/MhP7opgk4a
  • Investors in stocks, commodity currencies and energy have been praying for a massive fiscal bazooka to combat the virus effects. It looks like they’re going to get it. Get your market update from @DavidCottleFX here:https://t.co/e2ciGSYftY https://t.co/Udoi5UMJrl
  • The ‘V-shaped’ recovery in USD/JPY just failed to hit its target and is now moving lower again. Important support is now being tested. Get your $USDJPY technical analysis from @nickcawley1 here: https://t.co/koiac0Rxvs https://t.co/CsVsS7PVMV
  • The Australian Dollar has been lifted from its multi-year lows by hopes that global financial authorities can fend off the worst of the #coronavirus‘ effects. Get your $AUDUSD market update from @DavidCottleFX here: https://t.co/GC5pwNbY9S https://t.co/OryobNq7uL
  • Before considering to enter a position, price action must come into contact with the upper or lower channel line at least three times. Learn how to validate a channel here: https://t.co/Rd5hDm7gRo https://t.co/mubPgmDRRY
  • A tidal wave of cash waits to return to virus-battered assets, backstopped by huge stimulus. It is unlikely to deploy until infection slows, whatever the US administration prefers. Get your market update from @DavidCottleFX here: https://t.co/OWOi2HxejD https://t.co/jvMXT7te1h
  • The bullish engulfing candle is one of the forex market’s most clear-cut price action signals for reversals and continuation. Learn more about this price action trading signal here: https://t.co/edEHzyoCJT https://t.co/vHPSW7Vm96
  • It was a big week for GBP/USD as Cable crushed shorts, rallying more than 1,000 pips off of last week’s lows. Get your $GBPUSD technical analysis from @JStanleyFX here: https://t.co/n6vYfe6Gfh https://t.co/zQq74Zzxsv
  • The bull flag pattern is a great pattern to add to a forex trader’s technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/ZNRBvNELeJ https://t.co/CKkWNMLkuw
  • The US Dollar could rise if key ISM, PMI and nonfarm payrolls data causes recession fears to swell and rekindles appetite for the haven-linked Greenback. Get your $USD market update from @ZabelinDimitri here: https://t.co/iTlnxWuSqn https://t.co/brEsDw2a5K
Risk Appetite Fails to Move US Dollar

Risk Appetite Fails to Move US Dollar

2013-09-10 14:05:00
Benjamin Spier, Technical Strategist
Share:
  • Risk appetite seen in equity markets fails to move US Dollar
  • Aussie rises against USD on stronger business confidence
  • Better Chinese data is followed by a greenback rally

Want to trade with proprietary strategies developed by FXCM? Find out how here.

A look back at the past 24 hours of Forex trading using movements in the US Dollar Index

US Dollar 15-Minute 08:00 09/09 to 08:00 09/10 EST

Risk_Appetite_Fails_to_Move_US_Dollar_body_usd_rewind.png, Risk Appetite Fails to Move US Dollar

Charts created by Benjamin Spier using Marketscope 2.0

A clear risk-on attitude can be seen in global equity markets for a second day, as even more Chinese data beat expectations and US President Obama opened up the door for a possible diplomatic solution to Syria. However, after a bit of volatility, the US Dollar is trading only slightly lower in today’s session.

The US Dollar continued lower in yesterday’s North American session, possibly a winding down of the safe haven greenback in the risk-on environment, or maybe it was a further reaction to the worse than expected NFP numbers from last week.

Shortly after the US close, President Obama told NBC News that the Russian offer for Syria to allow international control of its chemical weapons is ‘potentially positive.’ However, Obama is still pursuing congressional approval of a strike on Syria. Although, there was no clear US Dollar reaction immediately following the comments, they were given some of the responsibility for the rise in risk-correlated Forex pairs in today’s session.

The US Dollar lost some ground in the Asian session last night, reflecting Aussie gains on the strongest business confidence in over 2-years.

Finally, better than expected Chinese industrial production was soon followed by a US Dollar rally over the rest of the European session.

New to Forex? Watch this video

-- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

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

DISCLOSURES

News & Analysis at your fingertips.