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
Oil - US Crude
Bearish
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
Bullish
GBP/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
USD/JPY
Bearish
More View more
Real Time News
  • The Hang Seng Index #HSI appears to face an immediate resistance at 29,870 (127.2% Fibonacci extension). Prices surged more than 3% before pulling back slightly in the afternoon trading session. Stock connections registered over HK$ 20 billion net southbound flow today. https://t.co/3J5JNIVopi
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 67.52%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/4BsBWBZvaI
  • Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Jan 05, 2021 when Oil - US Crude traded near 5,008.80. A contrarian view of crowd sentiment points to Oil - US Crude weakness. https://www.dailyfx.com/sentiment https://t.co/8PE3J3958F
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.43% 🇳🇿NZD: 0.34% 🇨🇦CAD: 0.27% 🇪🇺EUR: 0.15% 🇨🇭CHF: -0.01% 🇯🇵JPY: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/CCqUPxXb1g
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here: https://t.co/H19vRDCpUJ https://t.co/ruKhwAC2Sf
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.74% France 40: 0.60% FTSE 100: 0.56% US 500: 0.39% Wall Street: 0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/NDCTrOVL5r
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 1.02% Oil - US Crude: 0.42% Gold: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/N0Fo4mM16G
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.37% 🇳🇿NZD: 0.34% 🇨🇦CAD: 0.22% 🇬🇧GBP: 0.14% 🇨🇭CHF: 0.01% 🇯🇵JPY: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/IBkW89Ji1M
  • Japanese Chief Cabinet Secretary Kato: Vaccination supply for population to be secured by 1H of this year - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 66.75%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/KdbuJBLZMr
AUD/NZD Outlook Hinges on 1Q CPI- EUR/GBP Risks Fresh Lows on BoE

AUD/NZD Outlook Hinges on 1Q CPI- EUR/GBP Risks Fresh Lows on BoE

David Song, Strategist

Talking Points:

- USDOLLAR Eyes October Low (10,354) After Carving Lower High.

- EUR/GBP Risks Fresh Lows on Hawkish BoE Minutes.

- AUD/NZD Continues to Mark Failed Attempts to Close Above 1.0900.

Index

Last

High

Low

Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index

10446.6

10470.17

10444.65

-0.21

84.71%

The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains at risk of giving back the advance from back in October (10,354) as it fails to push back above the 10,470 pivot, and the bearish sentiment surrounding the greenback may gather pace ahead of the Federal Open Market Committee (FOMC) meeting on April 30 as the central bank retains a rather dovish tone for monetary policy.

AUD/NZD Outlook Hinges on 1Q CPI- EUR/GBP Risks Fresh Lows on BoE

Indeed, the limited reaction to the better-than-expected U.S. data continues to highlight a bearish outlook for the dollar, and it seems as though the reserve currency will continue to carve a series of lower highs & lower lows ahead of the second-half of 2014 as the Fed sticks to its measured approach in normalizing monetary policy.

With that said, we continue to favor ‘selling bounces’ in the greenback, and the USDOLLAR may face fresh lows in the days ahead as Fed Chair Janet Yellen remains reluctant to move away from the zero-interest rate policy (ZIRP).

Join DailyFX on Demand to Cover Current U.S. dollar Trade Setups

Read More:

Price & Time: FX Volatility - How Low Can It Go?

An Uncommon Risk-On Set-Up with Ichimoku

USDOLLAR Daily

USDOLLAR Chart

Chart - Created Using FXCM Marketscope 2.0

  • Failure to Break and Close Above 10,470 Highlights Near-Term Top
  • Interim Resistance: 10,602 (38.2 retracement) to 10,615 (78.6 expansion)
  • Interim Support: 10,406 (1.618 expansion)

Release

GMT

Expected

Actual

House Price Index (MoM) (FEB)

13:00

0.5%

0.6%

Richmond Fed Manufacturing Index (APR)

14:00

2

7

Existing Home Sales (MAR)

14:00

4.56M

4.59M

Existing Home Sales (MoM) (MAR)

14:00

-1.0%

-0.2%

Former Fed Chairman Ben Bernanke Speaks on U.S. Economy

15:45

Click Here for the DailyFX Calendar

--- Written by David Song, Currency Analyst

To contact David, e-mail dsong@dailyfx.com. Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

Trade Alongsidethe DailyFX Team on DailyFX on Demand

Looking to use the DailyFX Trade Signals LIVE? Check out Mirror Trader.

New to FX? Watch this Video

Join us to discuss the outlook for the major currencies on the DailyFXForums

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

DISCLOSURES