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.



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
Wall Street
More View more
Real Time News
  • Crude oil prices pulled back slightly after API reported an unexpected 2.56 million-barrel build in US crude inventories for the week ending Jan 15th. Markets anticipated a 1.17-million-barrel drop initially.
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • Noguchi nominated for BOJ board by Japan's government - BBG
  • $GBPNZD could extend recent losses after surging away from the 100-MA and failing to breach range resistance at 1.9120 - 1.9150 A retest of the monthly low looks on the cards if sellers can drive the exchange rate back below the 21-EMA (1.8956) $GBP $NZD #technicalanalysis
  • The British Pound may continue gaining ground against its haven-associated counterparts in the near term. However, the currency may give up gained ground against the New Zealand Dollar.Get your $GBP market update from @DanielGMoss here:
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 0.44% Gold: -0.05% Oil - US Crude: -0.49% View the performance of all markets via
  • Precious Metals Analysis: Gold and Silver Buoyant as Real Yields Fall - #Gold #Silver #XAUUSD #XAGUSD
  • ECB is rumored to be pursuing yield spread control strategy - BBG
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.47% 🇦🇺AUD: 0.32% 🇬🇧GBP: 0.17% 🇨🇦CAD: 0.13% 🇨🇭CHF: 0.10% 🇯🇵JPY: -0.01% View the performance of all markets via
  • 🇯🇵 BoJ Interest Rate Decision Actual: -0.1% Expected: -0.1% Previous: -0.1%
EUR/JPY, EUR/USD Losing Uptrends from January Lows

EUR/JPY, EUR/USD Losing Uptrends from January Lows

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- Both EURJPY and EURUSD primed to lose uptrends from January.

- GBPUSD bullish interpretation skewed by rising wedge.

- See the February Forex Seasonality report and the implications for the majors.

In several EUR-crosses it appears that a moment of importance is arriving, be it today or early next week. In EURJPY and EURUSD in particular, recent consolidations that triangulated over the past few days look ready to shift lower, having started the process of losing their respective uptrends from the late-January (pre-Greek election) lows.

Caution is warranted, however, as these aren't exactly 'clean' technicals. The overhang of Greece-related headlines means that these patterns could be quickly invalidated if a financing solution emerges from today's Eurogroup Working Group meeting. (What a technician would tell you, is that price leads, and that the erosion of triangle support may be hinting at the market beginning to price a negative outcome.)

Elsewhere, our previously bullish interpretation of GBPUSD after its breakout from its January range may be in question. Price has withered in its rally in the second half of the week, and the truncated top puts a bearish rising wedge (as seen on lower timeframes, H4 and under) potentially into play.

See the above video for technical considerations in EURUSD, EURJPY, GBPUSD, and USDOLLAR.

Read more: USDOLLAR Back in Pre-FOMC Range - Will Greece Deal Stoke EUR/USD?

--- Written by Christopher Vecchio, Currency Strategist

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.