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
  • 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
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/lAFyv1gM0P https://t.co/zSCf8azESa
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX! https://t.co/lxd5fZnn4H
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here: https://t.co/ZJOEtpGUIq https://t.co/tJWOXZCoBw
Weekly Trading Forecast: G7, German Vote, US Politics in Focus

Weekly Trading Forecast: G7, German Vote, US Politics in Focus

2017-05-13 03:12:00
Ilya Spivak, David Cottle, Michael Boutros, David Song, Paul Robinson, Martin Essex, MSTA, Renee Mu, Oliver Morrison, James Stanley, Tyler Yell, CMT, Adrian Raymond,
Share:

The outcomes of a G7 meeting and a key German state election as well as worries about the direction of US politics are in focus in the week ahead.

US Dollar Forecast: US Dollar May Drop as Souring Risk Appetite Hurts Fed Outlook

The US Dollar proved itself more responsive to negative versus positive news-flow last week. This may translate into losses if market-wide sentiment unravels.

Euro Forecast: ECB, Draghi Attempt to Allay Taper Concerns: But Will it Work?

The Euro has been strengthening throughout 2017 while the European Central Bank has remained rather dovish and passive. This divergence is unlikely to last for long; but in which direction might it resolve?

Japanese Yen: Yen to Benefit from Easing Fed Expectations, Waning Risk Sentiment

Risk sentiment may play an increased role in driving USD/JPY price action as the economic docket stands fairly lightly for the week ahead.

Canadian Dollar Forecast: The Selling Pressure is Off For Now

USDCAD has been pretty much a one-way bet in the last year, rising from around 1.2600 in early May 2016 to a 1.37940 high last week

British Pound Forecast: Due For a Deeper Correction Lower

Data on the UK economy released last Thursday were uniformly weak, with industrial production, manufacturing output, trade and construction figures all coming in lower than economists had predicted.

Australian Dollar Forecast: Australian Dollar Lacks Obvious Floor This Week

The Australian Dollar may continue to drift lower this week, if only because the market momentum clearly points that way and the scheduled data slate seems too thin to plausibly counteract it.

Gold Forecast: Sell-off Responds to Key Zone of Interest

Gold prices snapped a three week-losing streak with the precious metal rebounding off support late in the week. Here are the updated targets & invalidation levels that matter.

Chinese Yuan Forecast: Yuan Braces for Economic Data, China Summit

This week the USD/CNH continued to test 6.8980, the 61.8% retracement of the 2017 open range, but failed to break above the key level.

Crude Oil Forecast: OPEC May Be Stuck As Shale Oil Producers Are Too Successful

Crude oil this week has focused on rising US supply and talks of a deeper and longer OPEC cut that some hope will pull Oil higher, but that many doubt its long-term effectiveness.

Equities Forecast: FTSE 100 Takes Charge; DAX, S&P 500 Try to Keep Up

A light week ahead in terms of event risk, more new highs look likely in the week ahead.

Weekly Trading Forecast: G7, German Vote, US Politics in Focus

See what live coverage is scheduled to cover key event risk for the FX and capital markets on the DailyFX Webinar Calendar.

See how retail traders are positioning in the majors using the DailyFX SSI readings on the sentiment page.

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

DISCLOSURES