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
Bullish
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
Bullish
Gold
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
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
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.29%, while traders in Wall Street are at opposite extremes with 77.77%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/vd31LiB2NA
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.62% Wall Street: 0.55% France 40: 0.10% FTSE 100: 0.09% Germany 30: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/lxYCeemuH7
  • US 10-year breakeven rates climb to 2.5%, the highest level since 2013 -BBG $TNX $USD $DXY
  • The Dow Jones and S&P 500 jumped to all-time highs following a disappointing NFP report. Get your market update from @PeterHanksFX here:https://t.co/SIZzm3m1Sg https://t.co/qDR3Kr7k5B
  • Another mega day for $X +6.7% 👀 Gains push the stock to it's highest level since November 2018 https://t.co/4zWoER2nQN
  • Cryptos trade over the weekend unlike most other exchange-based markets. That along with Elon Musk's frequent social media references to Bitcoin and Dogecoin these past months have made his Saturday Night Live appearance an unusual 'market event'
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.22%, while traders in Wall Street are at opposite extremes with 76.70%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/R9t6Kv2kSj
  • Hey traders! Wrap up your week with a market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/5NV5FVwRMa
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Gold: 0.87% Oil - US Crude: 0.43% Silver: 0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/QCTA4RlZ6I
  • Dogecoin could be teed up for volatility with the crypto likely to get a shoutout on SNL. Get your #fintwit update from @RichDvorakFX here:https://t.co/mew2O1TyCY https://t.co/AlWnzOmnaP
EUR/USD Bear Flag in Focus Amid Bets for ECB Corporate-Bond Purchases

EUR/USD Bear Flag in Focus Amid Bets for ECB Corporate-Bond Purchases

David Song, Strategist

Talking Points:

- EUR/USD Weighed by Talks of ECB Corporate Bond Purchases.

- AUD/USD Retains Wedge/Triangle Formation Ahead of 3Q CPI Report.

- USDOLLAR Holds Monthly Low Ahead of CPI; Existing Home Sales Beats Forecast.

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

EUR/USD

EUR/USD Daily Chart
  • EUR/USD threatens channel support amid headlines the European Central Bank (ECB) will embark on corporate bond-purchases to further expand its balance sheet; expectations for additional monetary easing continues to build as the monetary union faces a growing risk of slipping back into recession.
  • Even beyond the fundamentals, the bear flag pattern continues to cast a bearish outlook, especially as the Relative Strength Index (RSI) fails to retain the bullish momentum from earlier this month.
  • Despite the recent volatility in the DailyFX Speculative Sentiment Index (SSI) retail crowd is currently net-long EUR/USD, with the ratio standing at +1.09.

AUD/USD

AUD/USD Daily Chart
  • Despite the better-than- expected 3Q GDP report out of China, AUD/USD remains stuck in the wedge/triangle formation as the Reserve Bank of Australia (RBA) continues to lay out a neutral tone and retains the verbal intervention on the aussie.
  • Australia’s Consumer Price Index (CPI) will be in focus as the headline & core rate of inflation are expected to slow in the third-quarter.
  • Waiting for an RSI break for a more meaningful directional bias; next downside target comes in around the 0.8600 pivot to 0.8610 (38.2% expansion).

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

Read More:

Price & Time: When Does the USD Trend Resume?

EURCAD Hits Target- Long Scalps Eye 1.4457 Resistance

USDOLLAR(Ticker: USDollar):

Index

Last

High

Low

Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index

10981.18

10986.61

10938.06

0.12

68.08%

EUR/USD Bear Flag in Focus Amid Bets for ECB Corporate-Bond PurchasesUSDOLLAR Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • The Dow Jones-FXCM U.S. Dollar Index pares the decline from earlier this week as U.S. Existing Home Sales climbs 2.4% in September after contracting 1.8% the month prior.
  • Despite expectations for a faster recovery, the U.S. Consumer Price Index (CPI) may dampen interest rate expectations as the headline reading is expected to slow to an annualized 1.6% in September; need to see sticky core inflation to see a greater argument to normalize monetary policy sooner rather than later.
  • 10,869 (78.6% retracement) to 10,887 (61.8% retracement) remains in focus as the bearish RSI momentum remains in play, but lack of momentum to close below 10,950 (38.2% retracement) may highlight a near-term bottoming process.

Join DailyFX on Demand for Real-Time SSI Updates!

Release

GMT

Expected

Actual

Existing Home Sales (SEP)

14:00

5.10M

5.17M

Existing Home Sales (MoM) (SEP)

14:00

1.0%

2.4%

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