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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/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
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
GBP/USD
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
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
  • #Dogecoin up over 13% as Elon Musk tweets he is working with #Doge devs to improve system transaction efficiency, adding it is 'potentially promising' This is a day after #Tesla suspended Bitcoin payments for vehicle purchases, courtesy of @FxWestwater - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/05/12/Bitcoin-BTC-Plunges-on-Tesla-Bitcoin-Suspension-AUDUSD-Spars-USD-Strength.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/NlPFPbGGSL
  • RT @Yeap_IG: Historical 10-2 #Treasury spread after each recession may suggest further room for upside for 10-year #yield from current leve…
  • 10 out of 11 S&P 500 sectors ended higher, with 88.1% of the index’s constituents closing in the green. Industrials (+1.90%), financials (+1.87%) and utilities (+1.79%) were among the best performers, whereas energy (-1.35%) trailed behind. https://t.co/HUPMnYAEsL
  • US Dollar Outlook: DXY Index Eyes Retail Sales Data, Yields -via @DailyFX Link to Full Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2021/05/13/us-dollar-outlook-dxy-index-eyes-retail-sales-data-yields.html $USD #Forex #Trading https://t.co/10Hb8pYSp1
  • 🇳🇿 Business NZ PMI (APR) Actual: 58.4 Previous: 63.6 https://www.dailyfx.com/economic-calendar#2021-05-13
  • The Japanese Yen may fall against its major peers, but there is room for a near-term climb that wouldn’t necessarily overturn a bearish technical bias. USD/JPY is eyeing support. Get your market update from @ddubrovskyFX here:https://t.co/AEnQCXnwAL https://t.co/kUV7xoSWxZ
  • Heads Up:🇳🇿 Business NZ PMI (APR) due at 22:30 GMT (15min) Previous: 63.6 https://www.dailyfx.com/economic-calendar#2021-05-13
  • Chile central bank holds rate at 0.5% - BBG
  • The S&P 500 has broken beneath an important trendline from March 2020 as losses mount. Get your S&P500 market update from @PeterHanksFX here:https://t.co/aAc3vrKr7M https://t.co/RwQajLrpJy
  • USD/CAD briefly traded up to 1.22 before retreating to its current level around 1.216 $USDCAD https://t.co/eNc4JmYfKI
Webinar: ECB/BoE Playbook- EUR/GBP Shorts Target Key Support Zone

Webinar: ECB/BoE Playbook- EUR/GBP Shorts Target Key Support Zone

Michael Boutros, Strategist

Talking Points

EURGBP Daily

Webinar: ECB/BoE Playbook- EUR/GBP Shorts Target Key Support Zone

Chart Created Using FXCM Marketscope 2.0

Notes: EURGBP has continued to trade within the descending median-line formation highlighted last week with the pair stalling at the 61.8% retracement of the late September rally at 7308. Intraday divergence alongside a test of the 50 support in daily RSI suggests we may see a near-term rebound early in the week but the broader bias remains weighted to the downside sub-7386 (bearish invalidation level).

The focus remains on the support confluence at the highlighted region into the lower median-line parallel at 7260/77. Caution is warranted heading into the BoE testimony before the Treasury Committee tomorrow and the ECB Interest Rate Decision on Thursday with the releases likely to fuel added volatility in the sterling & euro crosses.

EURUSD Daily

Webinar: ECB/BoE Playbook- EUR/GBP Shorts Target Key Support Zone

Notes: The EURUSD posted an outside reversal day off the September median-line last week with the decline now coming into confluence support at the convergence of the October opening range high and the lower median line parallel extending off the monthly low at 1.1318 (near-term bullish invalidation). A break below this level shifts the focus back towards more significant support at the monthly open at 1.1175 (note the 100DMA at 1.1171).

Note that momentum has continued to hold sub-60 since the August high and a break of the March RSI support-trigger would suggest a more meaningful pullback is underway. That said, look for immediate resistance at 1.1385 (monthly high/reversal–day close) backed by the August reversal day close at 1.1512.

For updates on these setups and more throughout the week subscribe to SB Trade Desk

Relevant Data Releases

Webinar: ECB/BoE Playbook- EUR/GBP Shorts Target Key Support Zone

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex,contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list

Join Michael for Live Scalping Webinars on Mondays on DailyFX and Tuesday, Wednesday & Thursday’s on SB Trade Deskat 12:30 GMT (8:30ET)

Struggling with your strategy? Here’s the number one mistake to avoid

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

DISCLOSURES