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.

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
Oil - US Crude
Mixed
Wall Street
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
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • The price of gold trades below the 50-Day SMA ($1859) once again as the V-shape recovery from the November low ($1765) unravels. Get your $XAUUSD market update from @DavidJSong here:https://t.co/UrQKgi3VJR https://t.co/g6SpuXwrv0
  • webinar starting right now - topics up for discussion today: 1. Did USD just top? 2. Resistance at prior support EUR/USD 3. How long might USD pullback run for? starting right now - https://www.dailyfx.com/webinars/455809179 https://t.co/didg11SWgq
  • Treasury Sec. nominee Yellen: Cryptocurrencies are of a particular concern for money laundering and terrorists financing. $BTC
  • Treasury Sec. nominee Yellen: Low interest rates are "likely for a long time." $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 66.53%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PRnsvqwD8B
  • Heads Up:🇬🇧 BoE Haldane Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-19
  • Heads Up:🇮🇹 Italy PM Confidence Vote in Parliament due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-19
  • After a bout of strength drove $GBPJPY up over 60 pips early today, from 140.80 to above 141.40, the pair is currently consolidating around 141.50. $GBP $JPY https://t.co/JuzKLnoo5b
  • Risk appetite firms ahead of Janet Yellen’s speech, while equity markets are also braced with the upcoming US corporate earnings with Netflix reporting after the closing bell. Get your #equities market update from @JMcQueenFX here:https://t.co/949m3eY2wB https://t.co/QMUABtli7s
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.39% Silver: 0.90% Gold: 0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/TD3yRs83zP
Election Road Map for USD/CAD, NZD/USD, USD/JPY & Gold

Election Road Map for USD/CAD, NZD/USD, USD/JPY & Gold

Michael Boutros, Strategist

Talking Points

  • Observations on the majors ahead of the U.S. Presidential Election
  • Updated targets & invalidation levels
  • Event Risk on Tap ThisWeek

USD/CAD Daily

USD/CAD Daily

Chart Created Using TradingView

Technical Outlook: USDCAD responded to confluence resistance last week at 1.3457- A region defined by the September 2015 high, a sliding parallel extending off the June 16th high and basic channel resistance extending off the May high. The risk remains for a pullback while below this region with a break below the 1.33-handle risking a more meaningful correction lower in the pair. A breach of the highs invalidates the reversal play with such a scenario targeting 1.3575.

NZD/USD Daily

NZD/USD Daily

Technical Outlook: Kiwi is trading just below a key resistance confluence at 7380 heading into the U.S. Presidential Elections and the Reserve Bank of New Zealand (RBNZ) interest rate decision the tomorrow. The focus remains on a reaction off this zone with the immediate topside bias at risk while price is below. Interim support remains at 7292/95 with key support still down at 7214/18. A topside breach targets 7450 & 7480.

USD/JPY Daily

USD/JPY Daily

Technical Outlook: USDJPY gapped back into this ascending pitchfork formation with the subsequent rally now approaching the October close highs at 105.28 which is backed closely the May Low at 105.55. The topside bias is at risk heading into these levels with a break of the weekly opening-range low needed to shift the focus back towards key support 102.80 where the 100-day moving average converges on a basic 50% retracement of the late-September advance. A breach higher shifts the focus towards confluence resistance objectives at 106.60 & 107.44.

Gold Daily

Gold Daily

Technical Outlook: Gold is trading just above near-term support at 1272/75- this region is defined by the basic channel support, the 50% retracement of the October advance and converges on a pair of longer-term median lines. A break below this region shifts the medium-term focus lower in gold targeting 1249 backed by the median-line confluence down at ~1236. Interim resistance steady at 1303.

Other Setups in Play:

Looking for more trade ideas? Review DailyFX’s Top Trading Opportunity of 2016

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

Join Michael for Live Weekly Trading Webinars on Mondays on DailyFX at 13:30 GMT (8:30ET)

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

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

DISCLOSURES