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
Oil - US Crude
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
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The Australian Dollar still remains vulnerable as it extends losses against its major counterparts. What is the road ahead for AUD/USD, AUD/JPY, AUD/NZD and AUD/CAD? Get your AUD technical forecast from @ddubrovskyFX here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • EUR/USD tumbled last week on the day of the ECB’s latest policy announcement, and that weakness is set to continue this week as a flood of major Eurozone economic statistics is released. Get your weekly Euro forecast from @MartinSEssex here:
AUD/USD, EUR/USD Set for Late-April Pivots as Liquidity Returns

AUD/USD, EUR/USD Set for Late-April Pivots as Liquidity Returns

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- AUDUSD remains above a prior breakout level, yet to achieve inverse H&S target.

- EURUSD more neutral as currently trades within a symmetrical triangle.

- Forex economic calendar modest on Monday.

Over the past five years (QE era of central banks), April has been the worst month during the year for the US Dollar, and this year has proven no different. Down by -0.3% to -0.9% versus the Australian Dollar, the British Pound, the Euro, and the Japanese Yen each, the buck’s stumble in the fourth month of the year is undoubtedly related to the continued string of disappointing economic data.

In fact, the Citi Economic Surprise Index fell to -45.9 on April 7, its lowest level of the year, in the wake of the disappointing March Nonfarm Payrolls report. Hope may have been born again recently, after a series of improved consumption and inflation reports this week; the same surprise index has rebounded to -26.3. If US Dollar strength is to reemerge, the slight rebound in economic data will need to gather pace and push up US yields once more.

At the beginning of the year, the 2s10s Treasury yield spread was 264-bps; now it is 231-bps, just off of the yearly low of 223-bps. A widening spread – steepening yield curve – would be indicative of improved US growth prospects, improved inflation expectations, and a stronger foundation for the US Dollar to regain some of its shine after a less than spectacular start to 2014. Here are two setups we’re watching for the last full week of April:

Forex Technical Analysis: AUDUSD Chart (H4)

AUD/USD, EUR/USD Set for Late-April Pivots as Liquidity Returns

- AUDUSD has been underwhelming the past several days, fading away from its 2014 highs near $0.9460.

- Price has maintained elevation above former flag resistance at 0.9305; as well as former rising channel resistance now at 0.9260; as well as the the ascending trendline off of the April 12 and April 20 lows.

- The Slow Stochastic indicator has reached oversold conditions above a former breakout level, perhaps suggesting that the previous overextension has been ‘digested.’

- Levels to watch lower: 0.9305 (former breakout), 0.9260 (trend), 0.9210, 0.9165, and 0.9085 (channel support).

- Levels to watch higher: 0.9445, 0.9460 (yearly high), 0.9500 (inverse head & shoulders target from 0.8660 low).

Read more: AUD/USD, GBP/USD Still Ripe with Potential after UK Jobs, Chinese GDP

Forex Technical Analysis: EURUSD Chart (H4)

AUD/USD, EUR/USD Set for Late-April Pivots as Liquidity Returns

- The Euro’s fundamentals have been steadily deteriorating the past several weeks, but market participants clearly need to see more from the European Central Bank before trading down the currency.

- The EURUSD has entered a symmetrical triangle pattern on the H4 timeframe, offering opportunity to both bulls and bears alike.

- In the near-term, a break under $1.3780 could signal a return to the ascending trendline that’s supported price since the July 2013 low, coming in near 1.3740 over the next few days.

- Otherwise, a break higher would look for a test of the trendline off of the March and April highs (thus far); breaking 1.3905 to the upside would square up 1.3965/70 for a test.

Read more: EUR/AUD Bottom Developing, EUR/JPY Holds 139.90-143.75 Range

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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