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
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
Wall Street
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
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here: https://t.co/yXomAftdv8 https://t.co/wOQAHZVnxB
  • Forex trading, which is the act of exchanging fiat currencies, is thought to be centuries old – dating back to the Babylonian period. Learn about the history of Forex here:https://t.co/ePTJlbUP7c https://t.co/WS2LkCt9gX
  • Two major events will dominate #Euro trading in the coming week: an #ECB meeting on Eurozone monetary policy, followed by an #EU summit to reach agreement on a recovery fund. Get your #currencies update from @MartinSEssex here: https://t.co/wnXjTDizMv https://t.co/tmxDfkgmSv
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here: https://t.co/lIJdiz4xSz https://t.co/UQRaKusFP7
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:https://t.co/vg7w10la3j https://t.co/nUvvI3WQpx
  • Australian Dollar is up fractionally this week with Aussie stalling just below the yearly range highs. Here are the levels that matter on the $AUDUSD technical chart. Get your #currencies update from @MBForex here: https://t.co/jYzBK1qH4s https://t.co/gYj4tFbsGS
  • What is the road ahead for equities this coming week? Check out my fundamental outlook below! #DowJones #SP500 #DAX30 #FTSE100 https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2020/07/11/Dow-Jones-SP-500-DAX-30-FTSE-100-Outlook-Stocks-Week-Ahead.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/HjIBDKqwvO
  • #Gold price gains seem to depend on monetary stimulus expansion and may turn lower as contraction of the Federal Reserve’s balance sheet underpins the US Dollar. Get your #metals update from @DanielGMoss here: https://t.co/8NHLc8jdhw https://t.co/0YYKXqtY9V
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/OjTZOQEytM https://t.co/DDCWX1In7k
  • The US Dollar is pressured as rising coronavirus cases fail to dent 2021 GDP bets. Could the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit rise? Find out from @ddubrovskyFX here:https://t.co/u1qhaIGGoC https://t.co/kvFgxQjLb0
EUR/USD Continues to Carve Lower-Highs; EUR/NZD Top in Place?

EUR/USD Continues to Carve Lower-Highs; EUR/NZD Top in Place?

2014-08-13 15:00:00
David Song, Strategist
Share:

Talking Points:

- GBP/USD Weighed by Weak Wage Growth, Less-Hawkish BoE

- NZD/USD Holds Above 0.8400 Support Ahead of 2Q Retail Sales

- USDOLLAR Falls Back From Fresh Monthly High as Retain Sales Disappoints

Index

Last

High

Low

Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index

10561.73

10569.91

10541.99

0.09

98.51%

GBP/USD:

  • Slips to fresh monthly low of 1.6698 as U.K. Average Weekly Earnings contracts for first time since 2009 while Bank of England (BoE) sees first rate hike in February 2015.
  • Even though the BoE remains on course to normalize monetary policy, seems as though the central bank is in no rush to raise the benchmark interest rate as they cut the wage growth forecast & highlights greater uncertainty surrounding the fundamental outlook..
  • Nevertheless, DailyFX Speculative Sentiment Index (SSI) shows retail crowd remains net-long on GBP/USD, with the ratio standing at +2.18.

NZD/USD:

  • Despite the oversold reading in the Relative Strength Index (RSI), will retain a constructive view for NZD/USD as long as it holds above the June low (0.8401).
  • New Zealand 2Q Retail Sales may generate a larger rebound as household spending is expected to increased 1.0% versus 0.7% during the first three-months of 2014.
  • According to Credit Suisse Overnight Index Swaps, market participants still see the Reserve Bank of New Zealand (RBNZ) raising borrowing costs by at least 40bp over the next 12-months.

For more updates, sign up for David's e-mail distribution list.

EUR/USD Continues to Carve Lower-Highs; EUR/NZD Top in Place?

Join DailyFX on Demand for Real-Time SSI Updates Across the Majors!

Read More:

Price & Time: Was that "the Dip"?

Time to Sell GBP: BoE’s QIR Spurs Key Reversals on Big Volume

USDOLLAR Daily

EUR/USD Continues to Carve Lower-Highs; EUR/NZD Top in Place?

Chart - Created Using FXCM Marketscope 2.0

USDOLLAR(Ticker: USDollar):

  • Dow Jones-FXCM U.S. Dollar Index struggling to hold the fresh monthly high (10,569) as U.S. Advance Retail Sales unexpectedly holds flat in July.
  • Relative Strength Index (RSI) bullish momentum remains in focus; downside break to provide conviction/confirmation of a near-term top.
  • Need close above 10,561 (100% expansion) to favor a move into 10,590.
  • Interim Resistance: 10,590 (50.0% retracement) to 10,604 (38.2% retracement)
  • Interim Support: 10,440 (78.6% retracement) to 10,450 Pivot

Join DailyFX on Demand for Real-Time SSI Updates!

Release

GMT

Expected

Actual

Advance Retail Sales (MoM) (JUL)

12:30

0.2%

0.0%

Advance Retail Sales ex Auto (MoM) (JUL)

12:30

0.4%

0.1%

Advance Retail Sales ex Auto and Gas (MoM) (JUL)

12:30

0.4%

0.1%

Retail Sales Control Group (JUL)

12:30

0.4%

0.1%

Fed’s Dudley Speaks on U.S. Economy

13:05

Fed’s Rosengren Speaks on U.S. Economy

13:20

Business Inventories (JUN)

14:00

0.4%

0.4%

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

News & Analysis at your fingertips.