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
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
Mixed
Gold
Mixed
GBP/USD
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
USD/JPY
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
More View more
Real Time News
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.38% Oil - US Crude: 0.18% Gold: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Rh2ATYRz6A
  • #Bitcoin Price Forecast: #Coinbase IPO May Fuel BTC's Push to Record Highs - https://www.dailyfx.com/forex/market_alert/2021/04/13/Bitcoin-Price-Forecast-Coinbase-IPO-May-Fuel-BTCs-Push-to-Record-Highs.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $BTC #CoinbaseIPO https://t.co/3iRPfZsswt
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: -0.03% 🇪🇺EUR: -0.09% 🇨🇦CAD: -0.09% 🇨🇭CHF: -0.17% 🇯🇵JPY: -0.18% 🇳🇿NZD: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/89nLQYaP9j
  • Chinese Q1 exports rise 38.7% y/y in Yuan terms, imports up 19.3% y/y and trade surplus at 759.3b Yuan -BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.78%, while traders in Germany 30 are at opposite extremes with 75.83%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qyG3FM0e7r
  • Update on #Cryptocurrencies #BITCOIN +0.95% #BITCOINCASH -1.51% #ETHEREUM +0.76% #RIPPLE +8.21% #LITECOIN +0.83%
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here: https://t.co/BnA07cMV0s https://t.co/Wuzmi2C95V
  • Stocks on Wall Street retreated from record highs while Treasury yields climbed following smooth bond auctions. The Hang Seng and ASX 200 indexes are poised to gain slightly ahead of Chinese trade data. https://www.dailyfx.com/forex/market_alert/2021/04/13/SP-500-Pauses-Record-Rally-Hang-Seng-and-ASX-200-Drift-Higher.html https://t.co/elDSHDBIgJ
  • Wall Street Futures Update: Dow Jones (+0.03%) S&P 500 (+0.01%) Nasdaq 100 (-0.01%) [delayed] -BBG
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/ns6TUdfkEA
Euro Price Chart: EUR/USD Uptrend on Verge of Collapse

Euro Price Chart: EUR/USD Uptrend on Verge of Collapse

Dimitri Zabelin, Analyst

US Dollar Outlook, EUR/USD – Talking Points

  • The US Dollar could suffer if key industrial data misses again
  • Manufacturing sector has been under pressure from trade war
  • EUR/USD uptrend may be on verge of collapse: selloff ahead?

Learn how to use political-risk analysis in your trading strategy!

APAC Recap

The Australian Dollar rallied along with APAC equities at the expense of the Japanese Yen early into Tuesday’s Asia trading session after news broke that the US is considering peeling back some of its tariffs against China. Investors rejoiced on the prospect that levies totaling $112 billion could be repealed and lead to more fruitful US-Sino trade negotiations.

EUR/USD Eye Key US Data

EUR/USD’s October 1 uptrend may be in jeopardy of a fatal break as the pair hovers dangerously close to the lower lip of the support zone. As noted on Monday, negative RSI divergence, while not a guarantee of reversal, is showing slowing upside momentum. A slew of US industrial data could either catalyze a downside breakout if it triggers the Greenback’s appeal as a haven-linked asset or saps capital away from USD and buys the pair.

The latter scenario may be more likely because the current environment is currently placing a discount on anti-risk assets like the Japanese Yen and US Dollar. This is counter to what we have seen for most of 2019 where the US Dollar’s rise was being fueled by an urgency to hold highly-liquid assets in the face of deteriorating global growth prospects.

With trade tensions easing and anxiety about Brexit temporarily subsiding, investors are feeling more inclined to prioritize returns over assets with high liquidity. However, this respite may be short-lived if fundamental risks that have haunted markets for most of 2019 make a reprisal. If they do, EUR/USD may resume its prior downtrend at an accelerated pace, potentially undoing all the progress it made during the October uptrend.

Market Analysis of the Day: EUR/USD Uptrend in Danger of Breaking?

Chart showing EUR/USD

EUR/USD chart created using TradingView

EUR/USD TRADING RESOURCES

--- Written by Dimitri Zabelin, Jr Currency Analyst for DailyFX.com

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

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

DISCLOSURES