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
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
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
Bullish
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • 5 out of 11 S&P 500 sectors ended higher, with 55% of the index’s constituents closing in the green. Energy (+3.33%), materials (+1.32%) and financials (+0.94%) were among the best performers, whereas utilities (-1.71%) and real estate (-1.52%) trailed behind. https://t.co/4IUCGi7LXR
  • 🇳🇿 Building Permits MoM (MAR) Actual: 17.9% Previous: -19.3% https://www.dailyfx.com/economic-calendar#2021-05-05
  • $CL_F #OOTT #CrudeOil https://t.co/dj3O9w3eKa
  • Heads Up:🇳🇿 Building Permits MoM (MAR) due at 22:45 GMT (15min) Previous: -18.2% https://www.dailyfx.com/economic-calendar#2021-05-05
  • Crude Oil Price Outlook: WTI Peels Back from Year-to-Date Highs -via @DailyFX "Crude oil is struggling to take out technical resistance near $66.25 as India, the world's third largest oil importer, grapples with a worsening covid-19 outbreak." Read More: https://www.dailyfx.com/forex/market_alert/2021/05/05/crude-oil-price-outlook-wti-peels-back-from-year-to-date-highs.html https://t.co/Xhk2ZqSdgG
  • The S&P 500, DAX 30 and FTSE 100 fell on Tuesday and retail traders were quick to act. Rising long bets warn that their decline could have more room to find momentum. Get your S&P500 market update from @ddubrovskyFX here:https://t.co/khrWcL9fTr https://t.co/JmCSD912kx
  • RT @BrendanFaganFx: USD/BRL Points Lower as Brazil's Central Bank Raises Selic Rate to 3.5% $USDBRL Link: https://www.dailyfx.com/forex/market_alert/2021/05/05/USDBRL-Points-Lower-as-Brazils-Central-Bank-Raises-Selic-Rate-to-35.html
  • Heads Up:🇨🇦 BoC Gov Macklem Speech due at 22:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-05
  • 🇧🇷 Interest Rate Decision Actual: 3.5% Expected: 3.5% Previous: 2.75% https://www.dailyfx.com/economic-calendar#2021-05-05
  • $USDBRL extending its slide following a 75 basis point rate hike from the Brazilian central bank to 3.5% Another 75-bps move was hinted at for the June meeting The pair is trading at its lowest since late April #BRL #Brazil #BCB https://t.co/IyAp9DYCBG https://t.co/9ZSpXRV0g5
AUD/USD Threatens Bullish Momentum- NZD/USD Carves Top Ahead of RBNZ

AUD/USD Threatens Bullish Momentum- NZD/USD Carves Top Ahead of RBNZ

David Song, Strategist

Talking Points:

- AUD/USD Outperforms to Retain Range- China Event Risk in Focus.

- NZD/USD Retains Bearish RSI Momentum Ahead of RBNZ Meeting.

- USDOLLAR Rallies to Fresh High on Strong Non-Farm Payrolls (NFP).

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

AUD/USD

AUD/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • AUD/USD may threaten the broader range from back in February on a close above 0.7720 (161.8% expansion) to 0.7740 (78.6% expansion) as the RSI threatens the bullish trend.
  • Even though Australia Employment is expected to show a 15.0K rebound in February, key data prices coming out of China – Australia’s largest trading partner – may heavily impact the near-term outlook for AUD/USD as the Reserve Bank of Australia (RBA) retains a dovish tone for monetary policy.
  • Despite the ongoing range in AUD/USD, DailyFX Speculative Sentiment Index (SSI) shows retail crowd has flipped net-short, with the ratio currently standing at -1.04.

NZD/USD

NZD/USD Daily Chart
  • NZD/USD appears to have a carved a near-term top as it continues to come off of former support zone around 0.7590 (38.2% expansion) to 0.7620 (50% expansion); downside targets remain favored as the RSI retains the bearish momentum.
  • Despite the verbal intervention, the Reserve Bank of New Zealand’s (RBNZ) forward-guidance for monetary policy may heavily influence the near-term outlook for NZD/USD.
  • Close below 0.7330 (61.8% expansion) to 0.7340 (23.6% retracement) may open the door for fresh lows.

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

Read More:

The Weekly Volume Report: Euro Decline Resume But Volume Still Missing

NFP Setups in Focus- USD Breakout Plays

USDOLLAR(Ticker: USDollar):

Index

Last

High

Low

Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index

11989.33

11993.75

11889.18

0.74

196.94%

AUD/USD Threatens Bullish Momentum- NZD/USD Carves Top Ahead of RBNZUSDOLLAR Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • Dow Jones-FXCM U.S. Dollar extends advance following the better-than-expected Non-Farm Payrolls (NFP) report; looks poised for a further advance as the RSI retains the bullish momentum and pushes back into overbought territory.
  • Despite the ongoing improvement in the labor market, may see the Federal Reserve share a similar fate to its U.K. counterpart as wage growth continues to lag behind.
  • Nevertheless, outlook remains bullish and need a break/close above 11,997 (100% expansion) to 12,001 (78.6% expansion) should expose 12,073 (100% expansion)

Join DailyFX on Demand for Real-Time SSI Updates!

Release

GMT

Expected

Actual

Non-Farm Payrolls (FEB)

13:30

235K

295K

Unemployment Rate (FEB)

13:30

5.6%

5.5%

Labor Force Participation Rate (FEB)

13:30

62.9%

62.8%

Change in Private Payrolls (FEB)

13:30

225K

288K

Change in Manufacturing Payrolls (FEB)

13:30

10K

8K

Two-Month Payroll Net Revision (FEB)

13:30

--

-18K

Change in Household Employment (FEB)

13:30

250

96

Underemployment Rate (FEB)

13:30

--

11.0%

Average Hourly Earnings (MoM) (FEB)

13:30

0.2%

0.1%

Average Hourly Earnings (YoY) (FEB)

13:30

2.2%

2.0%

Trade Balance (JAN)

13:30

-$41.1B

-$41.8B

Consumer Credit (JAN)

19:00

$14.5000B

--

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