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
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
GBP/USD
Bearish
USD/JPY
Bullish
Gold
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
Oil - US Crude
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
Bitcoin
Mixed
More View more
Real Time News
  • The $USDINR may fall as the Nifty 50 rises after the US and China avoided tariff escalation and Indian CPI increased at its fastest pace since July 2016 amid on onion shortage. Get your market update from @ddubrovskyFX here:https://t.co/iXLf98geXL https://t.co/uVwbkkkl09
  • My weekend trading video: 'A #Dow and Yuan Retreat Could Break 2019's Bullish Complacency' https://www.dailyfx.com/forex/video/daily_news_report/2019/12/14/A-Dow-and-Yuan-Retreat-Could-Break-Break-2019s-Bullish-Complacency.html?CHID=9&QPID=917719
  • The $USD may extend declines against its ASEAN counterparts after the Fed rate decision. The Philippine Peso and Singapore Dollar are attempting key technical breakouts. Get your market update from @ddubrovskyFX here:https://t.co/JoPLb4Oi2q https://t.co/fKzeBlWaCx
  • Negative yielding government bonds – What are they telling us? Find out from @nickcawley1 here: https://t.co/F6JuhmrvPT https://t.co/Mf9e1cgWmR
  • The #Euro jumped higher to challenge range resistance capping upside progress since mid-October. Signs of ebbing momentum warn it may be back on defense soon. Get your market update from @IlyaSpivak here: https://t.co/MGqVDEWhUD https://t.co/rQRxJAmLWi
  • RT @zerohedge: Is The Market Up This Week? Just Ask The Fed's Balance Sheet https://t.co/6p01J9yAZ8
  • $USD: "The US Dollar is making a last-ditch effort to cling onto a key technical support level after dropping 3% from its 2019 high as risk appetite roars and the Fed inflates its balance sheet." - via @DailyFX Full Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2019/12/14/us-dollar-outlook-fx-volatility-rising-from-extreme-lows-usd-levels-to-watch.html https://t.co/87cITJPVQa
  • The $NZD is testing resistance guiding the currency lower against its US counterpart for over two years. Will buyers prevail or be rejected yet again? Get your market update from @IlyaSpivak here:https://t.co/hRsbxhwotM https://t.co/ehlbb43gqd
  • very cool, very legal https://t.co/gsOxPiEdIw
  • $USDCAD is testing slope support into the close of the week with the immediate short bias at risk while above 1.3134/51. Get your USD/CAD technical analysis from @MBForex here:https://t.co/eE9yrNEU80 https://t.co/mszY7ouYRF
US Dollar at Risk for Further Declines versus Euro on FX Positioning

US Dollar at Risk for Further Declines versus Euro on FX Positioning

2010-03-12 22:59:00
David Rodriguez, Head of Business Development
Share:
In recent months we have argued that the US Dollar was likely to recover against the Euro and other key counterparts on extremely one-sided bearish positioning and sentiment. Yet the tables have clearly turned in the Dollar’s favor; CFTC Commitment of Traders data shows Non-Commercials at a record net-long the US currency against the Euro. Such one-sided USD-bullish positioning has made it extremely difficult for the currency to eke out further gains. Indeed, a further unwind would almost certainly bring EURUSD rallies.  
 
The coming week promises considerable volatility on a highly-anticipated US Federal Open Market Committee interest rate announcement, while later-week Consumer Price Index data may likewise shed light on key fundamental themes for the US economy. Recent improvements in economic data suggest that the Federal Reserve may soon unwind its aggressive monetary policy stimulus and raise interest rates from record-lows. The Fed has for quite some time now committed to low interest rates for an “extended period”. Yet the most recent FOMC Meeting’s Minutes showed Kansas City Fed President Thomas Hoenig dissenting in favor of removing this phrase from the official statement. It will certainly be interesting to watch whether the case for removing monetary policy stimulus has gained traction. More concretely, it will be critical to watch whether the official statement reiterates the Fed’s desire to keep interest rates low for an “extended period” of time. 
 
Recently we wrote that the US Dollar was at a crossroads. On the one hand, the Greenback had shown considerable resilience and staged a multi-month rally against the Euro and other key counterparts—leaving momentum to the topside. On the other, the longer-term trend has been for US Dollar declines and there remains risk that said trend may resume. We generally believe that the US Dollar will not set a further low against the Euro through 2010. Yet that hardly rules out a shorter-term correction within the context of its multi-month recovery. Further pullbacks would seem increasingly likely if the Euro/US Dollar sets fresh highs through next week’s trade. - DR
 
How far do you think the dollar will rally? Discuss the dollar’s future in the DailyFX Forum.
 
For more timely FX market analysis, take advantage of the DailyFX Real Time News service.

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

DISCLOSURES

News & Analysis at your fingertips.