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
Wall Street
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
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:


James Stanley, Senior Strategist

US Dollar, USD, EUR/USD, GBP/USD, USD/CAD Talking Points:

  • It was a busy morning in the USD, with a very negative NFP report showing +235k v/s the +750k expectation.
  • Next week is quiet on the USD but expect posturing ahead of the September FOMC rate decision. Elsewhere, ECB and BoC rate decisions can keep FX majors on the move. Monday is a US holiday so early-week liquidity may be lower.
  • The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.

Well it was a busy morning around the US Dollar and the focus now begins to shift towards next week’s drivers, and there’s not much for US data on the upcoming economic calendar. The big event for next week will likely be the ECB. Later in the month, on September 21-22, we’ll go through the next FOMC rate decision and USD will again be center-stage, with the big question as to whether the Fed feels that its appropriate to start dialing in details of an upcoming tapering program.

Given this morning’s NFP print, the overwhelming expectation is for the Fed to be passive and dovish. It’s been somewhat of the bank’s defining characteristic ever since Covid came into the equation and with Covid numbers shooting higher throughout the US combined with continued weakness in the labor market, it feels as though there’s scant expectation for the US Central Bank to pose any actual changes anytime soon.

With that said, the US Dollar is getting a bit of a bounce after the release of non-manufacturing ISM numbers, which printed with a small beat above the expectation. Also of importance, the USD is bouncing after coming very close to a really big zone of support, spanning from 91.82-91.93. This is the same zone that caught the low back in late-July and early-August, running between two confluent Fibonacci levels that’s currently holding the two-month-low in the currency.

US Dollar Four Hour Price Chart

USD US Dollar Four Hour Price Chart

Chart prepared by James Stanley; USD, DXY on Tradingview

USD Support, EUR/USD Resistance

Helping with that bounce in the USD is EUR/USD reacting to a really big zone of resistance. This is the 1.1885-1.1900 zone that I looked at yesterday, but there’s another zone of interest just a bit higher from 1.1965-1.2000.

The big item on the economic calendar for next week is the European Central Bank rate decision, set to take place on Thursday. Will Euro bulls be able to drive into that rate decision? And perhaps more importantly, will they be able to push beyond the 1.2000 psychological level in the pair?

To learn more about psychological levels, check out DailyFX Education

EUR/USD Four-Hour Price Chart

EURUSD Four Hour Price Chart

Chart prepared by James Stanley; EURUSD on Tradingview

GBP/USD: Cable Gains Towards Key Fibo Level

GBP/USD similarly put in a bullish bump around this morning’s NFP release. And unlike EUR/USD, GBP/USD doesn’t have a rate decision from one of the represented economies to contend with.

I had looked at GBP/USD earlier this week as prices were setting up in an ascending triangle. That formation began to give mid-week and yesterday saw prices break out to a fresh two-week-high. Just above is a key Fibonacci level at 1.3879, and this level had previously set lower-high resistance after being prior support. This presents topside breakout potential into next week, particularly for those looking at bearish continuation in the USD.

To learn more about ascending triangles, check out DailyFX Education

GBP/USD Four-Hour Price Chart

GBPUSD Four Hour Price Chart

Chart prepared by James Stanley; GBPUSD on Tradingview

USD/CAD Finally Gives up Trendline, Finds Support 1.2500

Curiously, USD/CAD held support earlier in the week even as the US Dollar was diving-lower. USD/CAD bears finally got some run on Thursday ahead of NFP, helping to push prices below the bullish trendline that originated in June. This morning brought some additional run-lower, with price action pushing down to the 1.2500 psychological level.

This can be followed in a couple of different ways and there is some CAD risk on the calendar for next week, specifically on Wednesday and Friday. Wednesday is a Bank of Canada rate decision and Friday is jobs numbers: This can keep CAD on the move.

For those that are looking to fade USD-weakness and/or CAD-strength, USD/CAD can present reversal potential provided a hold of 1.2500 through next week’s open. For those that are looking for bearish continuation in USD/CAD, there’s two ways to proceed forward: Either way for a breakdown below the psychological level or, alternatively, look for a bounce to sell into a lower-high. Such potential exists around 1.2565, as shown below.

USD/CAD Eight-Hour Price Chart

USDCAD Eight Hour Price Chart

Chart prepared by James Stanley; USDCAD on Tradingview

--- Written by James Stanley, Senior Strategist for

Contact and follow James on Twitter: @JStanleyFX

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