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
EUR/USD
Mixed
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
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.86%, while traders in EUR/USD are at opposite extremes with 74.11%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/D1ZzX4wPYY
  • China reported 137 new Covid-19 cases in Xinjiang province and a mass testing has started in the area from Saturday evening - Channel News Asia
  • China A50 index plunged 1.8% amid sour sentiment across the Asia-Pacific. Beijing will kick off the Chinese Communist Party Plenum this week, setting economic goals for the next 5 years. https://www.dailyfx.com/economic-calendar#today https://t.co/lXQBUkehzE
  • PBoC sets Yuan reference rate at 6.6725 against the US Dollar - BBG
  • #Silver retracing its losses earlier in the session as price carves out a Bear Flag pattern With resistance at $25 holding firm, further losses appear in the offing A daily close below the 21-DMA (24.20) may open the door for a retest of 61.8% Fib support (21.74) $SLVR $SLV https://t.co/rCl3Ms3FB3
  • The Nasdaq 100 index looks set to pull back amid bearish momentum in the near term. The 50-Day Simple Moving Average (SMA) line may serve as an immediate support. Get your #equities update from @margaretyjy here: https://t.co/5Axsg6gAdd https://t.co/rToHnPLSeS
  • $GBPUSD the outlier early in the session, up marginally as UK-EU Brexit negotiators extend talks until October 28 https://t.co/ey92YW4RJw
  • #CrudeOil down 1.95% on the back of tightening #COVID19 restrictions in several European nations $EURUSD nudging marginally lower https://t.co/PUWTfKl08f https://t.co/XuyQOzV6sj
  • Market Snapshot Broad risk-off tilt to kick-off APAC trade #Gold and #CrudeOil prices plunging lower alongside the risk-sensitive $AUDUSD Haven-linked $JPY and $USD moving higher against their major counterparts
  • Wall Street Futures Update: Dow Jones (-0.504%) S&P 500 (-0.536%) Nasdaq 100 (-0.484%) [delayed] -BBG
Weekly Trading Forecast: FX and Capital Markets Shaken by Strong NFPs

Weekly Trading Forecast: FX and Capital Markets Shaken by Strong NFPs

Share:

Want to test out all the premium tools and resources FXCM has to offer? We are holding an Open House

US Dollar Forecast– Dollar Acceleration and S&P 500 Reversal Before FOMC Gathers?

This will officially be known as ‘the week before the critical FOMC meeting’.

Euro Forecast- ECB’s QE Program Initiation Sinks Euro Despite Forecast Optimism

Questions over the effectiveness of the ECB’s QE program are overshadowing the ECB’s hopeful growth and inflation forecasts, weighing on the Euro.

Japanese Yen Forecast – USD/JPY NFP Breakout at Risk for Japanese Verbal Intervention

The fundamental developments due out next week may generate fresh monthly highs in USD/JPY should the data prints put increased pressure on the Bank of Japan (BoJ) to further embark on its easing cycle.

British Pound Forecast – British Pound Dangerously Close to Larger Breakdown

The British Pound finished the week sharply lower versus the resurgent US Dollar as it fell for five consecutive trading days and finished barely above key multi-year lows.

New Zealand Dollar Forecast – New Zealand Dollar at Risk on Adverse RBNZ vs Fed Outlook Shift

The New Zealand Dollar looks vulnerable to deeper losses as dovish RBNZ rhetoric and firming Fed rate hike bets drive an adverse policy outlook shift.

Gold Forecast – Gold Plummets Through Key Support as NFPs Boost Rate Expectations

Gold prices plummeted this week with the precious metal off by more than 3.9% to trade at 1165 ahead of the New York close on Friday.

Weekly Trading Forecast: FX and Capital Markets Shaken by Strong NFPs

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

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

DISCLOSURES