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
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
Oil - US Crude
Mixed
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
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • A forex trader is strategic, disciplined and always switched on to the markets. Learn how to build an FX mindset here: https://t.co/tB3aAE9BIq https://t.co/xXJAnSMoaF
  • 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/CNtqrLeetw https://t.co/1w7E3aiWV1
  • A “PIP” – which stands for Point in Percentage - is the unit of measure used by forex traders to define the smallest change in value between two currencies. Learn how to understand pips in forex here: https://t.co/AfAhmI7kAV https://t.co/JiZPRZzwgo
  • RT @IGSquawk: Crypto update: #Bitcoin 56398.30 -7.34% #Ether 2213.91 -7.42% #BitcoinCash 925.49 -12.24% #EOS 6.8039 -15.98% #Stellar 0.5276…
  • 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: https://t.co/BdgFmkzWwW https://t.co/rJUm1W9wrc
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZjVIG https://t.co/oZPoyPH2iw
  • Using margin in forex trading is a new concept for many traders, and one that is often misunderstood. Margin is the minimum amount of money required to place a leveraged trade and can be a useful risk management tool. Learn about margin trading here: https://t.co/qZCE5asCzM https://t.co/yN1I9FrfIS
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here: https://t.co/5l3O9aHQbL https://t.co/DFEfCIl7zF
  • Thin liquidity can concentrate volatility and nowhere is that more evident than with Dogecoin. $DOGEUSD was down as much as 38% today. Watch for heightened bouts of volatility amid quiet risk trends in the week ahead: https://www.dailyfx.com/forex/video/daily_news_report/2021/04/17/Dollar-Outlook-Ties-Into-Key-Data-Rate-Forecasts-and-Even-Dogecoins-Rally-.html https://t.co/JO7O7zUKe9
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZjVIG https://t.co/Vv3jZNbLWg

Dollar Forecast to Strengthen on Fiscal Cliff, Israel Conflict

- The US Dollar has finally reached above 10,000, helped mostly by a weakening yen and to a lesser extent by risk aversion. As markets enter the holiday season with a shortened trading week due to the Thanksgiving holidays, the US dollar may likely be influenced by external forces this week while the fiscal cliff deadline looms.

Euro Will Run a Relief Rally if Officials Finally Approve Greece Aid

- Despite sharp drops in the equity markets this week, the base currency of the world's most liquid pair remarkably held and gained agains the greenback. Even with a delay in redeeming bonds due on November 16th, Greece will likely recieve its next tranche of bailout funds totalling EUR 31.5 billion as Euro-area finance ministers meet this Tuesday. As the fiscal problem is delayed once again, the solution to the immediate problem could result in a stronger Euro.

British Pound Momentum Negative after BoE Governor King

- Despite rounds of better economic data published for August due to the Olympic games, the coming week will bring the final rounds of those data, notably the Bank of England minutes. However, the better data may be a short term solution as Governor Mervyn King noted the temporary effects of the games. As a result, the pound may once again have to follow in the shadows of Eurozone developments.

Japanese Yen To Look Past BoJ- December Election In Focus

- The Japanese Yen led a forceful rally back above 81.000 on political developments this week. As current PM Yoshihiko Noda called for elections on December 16th, opposition leader Shinzo Abe called for unlimited spending in order to bring the economy back after more than two decades of economic decline. However as the remarks are unlikely to bring reforms due to an adamant BoJ and as the pair runs into a confluence of technical resistances, the late-week rally may lose steam as traders enter next week.

Australian Dollar to Extend Drop Amid Risk Aversion

- The Australian Dollar may take a backseat this week after a relatively uninspiring performance. As the domestic economy continues to lose steam, developments in Europe and the United States are expected to heavily influence this pair. With November RBA minutes being the only major event for the Aussie, the currency may once again end in the middle of the pack.

Gold Pullback Welcomed as Outlook Remains Supported on Fed Stance

- Gold drifted lower this week, keeping its risk correlation similar to the US equity indices. However, its performance could be said as unique, not following any major currency pair. Over the next week, the yellow metal is expected to be heavily swayed by Fedspeak, including a speech by Chairman Bernanke on Tuesday and the coming Eurozone meeting on Greece.

Canadian Dollar At Risk For Further Losses On Slowing Inflation

- The Canadian dollar continued to hover near parity this week against its American counterpart. Data may sway the Loonie, including retail sales on Thursday and CPI on Friday when US markets will be quiet due to the Thanksgiving holiday. Weaker inflation is expected, but with the low volume, any potential damage could be limited.

Forex_Trading_Weekly_Forecast-11.19.2012_body_Cover.png, Forex Trading Weekly Forecast - 11.19.2012

The momentum that returned the US Dollar Index back above 10,000 was still remarkably less than what this week's equity drop would usually offer. In fact, most of the dollar's strength was provided by a 2.4% drop in the yen, while the Euro, Pound Sterling and Australian Dollar held their ground. With both big-ticket risk positive and negative events on the horizon next week, including the next bailout payment for Greece, developments in Israel and ongoing US fiscal cliff concerns, volatility is expected, but major risk pairs may again end the week with no ground gained.

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

DISCLOSURES