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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
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
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here:
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • What is your forex trading style? Take the quiz and find out:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact. Get your weekly $EUR forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Sterling continues to contract into trend extremes and the focus is on a pending breakout in the weeks ahead. Get your weekly $GBP technical forecast from @MBForex here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
Crude Oil Prices Eye Weekend OPEC Meet, Asia Stocks May Boost JPY

Crude Oil Prices Eye Weekend OPEC Meet, Asia Stocks May Boost JPY

Daniel Dubrovsky, Strategist

Asia Pacific Market Open – Japanese Yen, British Pound, Brexit, S&P 500, Crude Oil, OPEC

We just released our 4Q forecasts for currencies like the US Dollar in the DailyFX Trading Guides page

The anti-risk Japanese Yen appreciated across the board on Friday as stocks declined in Asia, Europe and in the US. This followed Thursday’s Fed rate decision where the central bank stoked December rate hike bets, boosting the US Dollar. The S&P 500 dropped an early warning sign that Friday’s session was about to take a turn for the worst.

Indeed that was the case, the S&P 500 ended the day about 0.92 percent lower. The NASDAQ Composite fared worse, tumbling about 1.65%, weighed down by tech shares. US government bond prices rose as yields fell, signaling a flight to safety reminiscent of what we saw back in October. Back then, Wall Street wiped out all the progress it made in 2018 up to that point.

Meanwhile the British Pound was weighed down by unnerving news in regards to Brexit ordeals. Jo Johnson, UK’s Minister for Transport, resigned as he stated that the country is “barreling towards an incoherent Brexit.” This resulted in EUR/GBP’s best performance in a single day since September 21st as was anticipated. However, more gains are needed to overturn the dominant downtrend.

As we begin this week’s trading session, crude oil prices are flirting with an eleventh consecutive day of losses. That would be its longest losing streak since at least 1984. Last week, OPEC said that members will be discussing output cuts for 2019 which may slow the weakness seen in crude oil lately. In regards to this, keep an eye on how OPEC+ nations discussed this over the weekend at a meeting in Abu Dhabi. While there may be a correction due in the near-term, there are more downside risks ahead.

Monday’s Asia Pacific trading session is notably lacking critical economic event risk. As such, we may be in for a rather quiet trading session. With that said, the Nikkei 225 and other regional indexes may echo the weakness seen on Wall Street Friday. This may lead the anti-risk Japanese Yen higher.

S&P 500 Technical Analysis

Following the formation of a Bearish Harami Cross candlestick pattern, the S&P 500 fell by the most in a single day in exactly one week. The pattern does indicate indecision and more closes under it can confirm a pronounced decline to come. As such, near-term support is eyed between 2,676 and 2,801 before exposing the October 29th low at 2,603.

S&P 500 Daily Chart

Crude Oil Prices Eye Weekend OPEC Meet, Asia Stocks May Boost JPY

Chart created in TradingView

US Trading Session

Crude Oil Prices Eye Weekend OPEC Meet, Asia Stocks May Boost JPY

Asia Pacific Trading Session

Crude Oil Prices Eye Weekend OPEC Meet, Asia Stocks May Boost JPY

** All times listed in GMT. See the full economic calendar here

Technical Forecast

AUD/USD Bullish Breakout Attempt Fell Short, AUD/JPY Risks Falling

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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