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.

Free Trading Guides
EUR/USD
Bullish
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
GBP/USD
Mixed
USD/JPY
Mixed
Gold
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
Bitcoin
Mixed
More View more
Real Time News
  • While Sino-US trade jitters are temporarily abating, China-Swedish trade tensions are rising as a part of a political contagion of growing economic hostilities between nations across the world. Get your market update from @ZabelinDimitri here:https://t.co/F1fVoyzoz5 https://t.co/z49NzgZrXd
  • RT @malkudsi: Natural Gas Eyes Pushing Higher as Support Holds - Nat Gas Technical Analysis More details in the link below: https://t.co/HG…
  • As prices dance around on charts, traders are often looking for reasons to explain price movements; however, the underlying source of price movement boils down to the relationship between supply and demand. Learn more about the forces of S&D on forex here: https://t.co/8LfkLXbj2W https://t.co/swcuwAMGAk
  • How can traders avoid #FOMO in trading? Start by implementing a well-heeled plan taking only four hours per week. Get your insight from @JStanleyFX here: https://t.co/vwUShQPc27 #tradingstyle https://t.co/4adyTWvQ22
  • What are the Market cycles? How are #currencies impacted in these cycles? How can these cycles impact #forextrading patterns? Find out here: https://t.co/ckr2fUOWqW https://t.co/gLJGj1FAOC
  • Central bank independence has several advantages and disadvantages. Find out what they are in-depth with @MartinSEssex here: https://t.co/wVFXbbTxf1 https://t.co/J0MMkVmCUu
  • Get your stock market basics right - what is the stock market and how does stock trading work? Find out here: https://t.co/JfAJLAtlsY https://t.co/ZfPUxHWeiG
  • The Mexican economy contracted for the first time in almost 10 years in 2019, but growth is expected to pick up in 2020 according to its finance minister. Get your $USDMXN market update from @HathornSabin here: https://t.co/gupJdU7WYT https://t.co/mMN8LFb5i5
  • EUR/USD has been weakening since the start of 2020 and the decline has accelerated this month. At some point there will be a correction but further losses are still likely as the year progresses. Get your $EURUSD market update from @MartinSEssex here: https://t.co/ieJUBNeAIf https://t.co/Dw4f7DQocg
  • The $AUD has risen in anticipation of a deal Washington and Beijing. But the Australia-China trade relationship has not suffered much and may even have been helped by China’s spat with the US. Get your market update from @DavidCottleFX here:https://t.co/An7h5X0Zcz https://t.co/Rn7mLbS1EF
Share:

Another record week for the S&P 500 on Wall Street was met with subdued volatility around the major currencies. The signing of the US-China “phase one” trade agreement was arguably the most significant event. Doubts remain over future talks due to this year’s U.S. presidential election. Around $360b in tariffs are still in place against the world’s second-largest economy.

The US Dollar outperformed against the majority of G10 FX over the past 5 trading days, with only the Swiss Franc seeing better returns on the whole. The Greenback’s relatively high yield appears to be sapping some of the potential returns from the “pro-risk” Australian and New Zealand Dollars. Understandably, the anti-risk Japanese Yen finished last week on a soft note.

The days ahead are filled with key event risk even though U.S. markets will be offline on Monday. The Japanese Yen, Canadian Dollar and Euro face a slew of central bank rate decision: the Bank of Japan (BoJ), the Bank of Canada (BoC) and the European Central Bank (ECB). FX investors may be waiting to see how a shift in sentiment can impact the road ahead for interest rates.

Outside of monetary policy, the International Monetary Fund (IMF) releases the latest world economic outlook. In Davos, political leaders from around the globe attend the World Economic Forum. Will these be able to restore volatility in foreign exchange markets? Or will they continue diverging with the overall trajectory for sentiment?

Fundamental Forecasts

US Dollar Faces Bearish Fundamental Headwinds from the Fed & Trade

Fundamental outlook for the US Dollar remains unfavorable considering the Fed plans to keep inflating its balance sheet while markets grow exuberant and frothy amid an absence of volatility.

Australian Dollar Propped By Broad Risk Appetite as Jobless Figures Loom

The Australian Dollar will face arguably its most important monthly data release this week, with official labor market stats are due. Sadly, these can be very tough to call.

Gold Prices May Rise if Davos Forum, IMF Outlook Spur Easing Bets

Gold prices may rise if commentary from officials at the Davos forum kindle easing bets and inflame demand for anti-fiat hedges like the yellow metal. Other key catalysts may also magnify this effect.

Dow Jones, Nasdaq 100, DAX 30 Forecasts for the Week Ahead

A trade deal signing coupled with a string of earnings from the country’s largest banks saw the Dow Jones drive to new records. Can stocks maintain this pace without further catalysts?

British Pound May Fall as Carney, PMI Stoke BOE Rate Cut Bets

The British Pound may fall as swelling Bank of England rate cut expectations take center stage while the ongoing Brexit saga fades into the background.

Technical Forecasts

US Dollar Price Outlook: USD Rally Rips into Resistance– DXY Levels

The US Dollar rallied for a second consecutive week with the index pressing fresh monthly highs into the close. Here are the levels that matter on the DXY weekly chart.

Euro Weekly Forecast: EUR/USD Range, EUR/JPY Wedge Ahead of ECB

Next week brings the European Central Bank’s first rate decision of 2020, and Lagarde will further put her stamp on the bank. Volatility may follow.

GBP/USD to Track December Range Ahead of Brexit Deadline

The 2020 opening range for EUR/USD raises the scope for a further decline in the exchange rate amid the failed attempt to test the August high (1.1250).

Canadian Dollar Outlook: USD/CAD, CAD/JPY, EUR/CAD, NZD/CAD Rates

The Canadian Dollar technical bias seems to favor cautious strength. EUR/CAD and NZD/CAD eye support. CAD/JPY may extend gains. USD/CAD is flirting with an upside breakout however.

Gold Technical Forecast: Something for Everyone on the Charts

Gold traders have endured a lackluster week with the precious metal stuck in a limited trading range. A break either way is needed to stir up volatility.

Dow Jones, DAX, FTSE Technical Forecast Remains Bullish

Another week in the books, another week of rallying; continuing to run with the trend until signs of a reversal appear.

% Change in a pool of assets vs the US Dollar

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

DISCLOSURES

News & Analysis at your fingertips.