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
Bearish
Oil - US Crude
Bearish
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
Wall Street
Bearish
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
Bearish
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
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • 🇬🇧 Gfk Consumer Confidence (APR) Actual: -15 Expected: -12 Previous: -16 https://www.dailyfx.com/economic-calendar#2021-04-22
  • 🇦🇺 Markit Manufacturing PMI Flash (APR) Actual: 59.6 Previous: 56.8 https://www.dailyfx.com/economic-calendar#2021-04-22
  • 🇦🇺 Markit Services PMI Flash (APR) Actual: 58.6 Previous: 55.5 https://www.dailyfx.com/economic-calendar#2021-04-22
  • Heads Up:🇬🇧 Gfk Consumer Confidence (APR) due at 23:01 GMT (15min) Expected: -12 Previous: -16 https://www.dailyfx.com/economic-calendar#2021-04-22
  • Heads Up:🇦🇺 Markit Manufacturing PMI Flash (APR) due at 23:00 GMT (15min) Previous: 57 https://www.dailyfx.com/economic-calendar#2021-04-22
  • Heads Up:🇦🇺 Markit Services PMI Flash (APR) due at 23:00 GMT (15min) Previous: 55.5 https://www.dailyfx.com/economic-calendar#2021-04-22
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/VdMWO5QRoe
  • Despite retreating from highs near $2,650, Ethereum remains up over 3% on the day $ETH #Ethereum https://t.co/qwpfMJVqTA
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.08% 🇨🇭CHF: -0.00% 🇨🇦CAD: -0.05% 🇦🇺AUD: -0.61% 🇳🇿NZD: -0.64% 🇬🇧GBP: -0.65% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UMdcR4ZNnz
  • Canadian ban on passenger flights arriving from India and Pakistan will last for 30 days - Reuters via BBG $CAD
EUR/USD Nears Week Long Range Break; JPY-crosses Continue Run

EUR/USD Nears Week Long Range Break; JPY-crosses Continue Run

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD H4 MACD nears sell point below signal line.

- JPY-crosses see broad continuation in BoJ-inspired trend.

- See the 'high' importance events on the DailyFX Economic Calendar.

Event risk is at its lowest point of the week on Tuesday, but it's shaping up to be the 'calm before the storm' if anything. Numerous 'medium' and 'high' rated events will help unleash volatility starting tomorrow, including the European Central Bank meeting on Thursday and the November US labor market report on Friday.

Ahead of then, we're starting to see the ranges that persisted around the holiday trading conditions last week start to bend, just not yet break. One of these instances is occurring in EURUSD, where the closing highs and lows on H4 charts going back to November 27 are starting to be probed.

Elsewhere, the big theme at present is the ongoing Japanese Yen depreciation. USDJPY's triangle/flag going back to November 17 is on the verge of cracking higher; and the momentum in EURJPY and GBPJPY sees continuation higher as well, irrespective of event risk.

See the above video for targets in the GBPJPY and USDJPY potential breakouts, as well as technical considerations in EURUSD and GBPUSD.

Read more: GBP/USD Pivots at November Low, Faces Trendline from July High

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

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.

DISCLOSURES