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. See our updated Privacy Policy here.

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
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
Wall Street
Bearish
Gold
Mixed
GBP/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
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
  • The Dow Jones, Nasdaq 100 and S&P 500 await much needed insight from the Federal Reserve on the central bank’s planned policy path given recent economic data releases. Get your market update from @PeterHanksFX here:https://t.co/bZso3WxyC6 https://t.co/d4YJ8jbGok
  • GBP/USD Eyes Trend Support as US Dollar Awaits Fed Dot Plot -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/market_alert/2021/06/14/gbp-usd-eyes-trend-support-as-us-dollar-awaits-fed-dot-plot.html $GBPUSD #Forex #Trading https://t.co/1BkZ4x0uCG
  • Are gold prices the ‘canary in the coal mine’ for the Federal Reserve meeting? Taper talk may indeed be on the menu (even if it won’t formally arrive until later this year). Get your $XAUUSD market update from @CVecchioFX here:https://t.co/gsoRisZzV6 https://t.co/cjqt0SvWIx
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.17% 🇦🇺AUD: 0.10% 🇪🇺EUR: 0.09% 🇬🇧GBP: -0.05% 🇨🇭CHF: -0.19% 🇯🇵JPY: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Yx2O1n8Yxc
  • The 35-day historical range on $AUDJPY matches the smallest range (as a percentage of spot) on record for the pair with the extreme summer lull back in July 2014. Will it end with a bang or whimper? https://t.co/StryktBbrr
  • ECB monthly purchases under PEPP appear to be slowing. PEPP purchases for the first two weeks of June only totaled about 31 bln euros $EUR https://t.co/RUAi61HTQJ
  • The EUR/USD rally has stalled at a key resistance confluence around the objective yearly open. Get your $EURUSD market update from @MBForex here:https://t.co/YdjKTU4gtW https://t.co/HmOJxy2F29
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.33% Silver: -0.24% Gold: -0.64% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/kRDUQxM66L
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 74.60%, while traders in France 40 are at opposite extremes with 78.10%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/gwcS9vcLhL
  • S&P 500, Nasdaq 100 close at fresh record highs $NDX $SPX $ES_F
EUR/USD Unfazed by Dovish ECB- Retail FX Remains Net-Short

EUR/USD Unfazed by Dovish ECB- Retail FX Remains Net-Short

David Song, Strategist

Talking Points:

- EUR/USD Retail Crowd Remains Net-Short- ECB Draghi Endorses Dovish Outlook..

- GBP/USD Breakout to Gather Pace on Strong U.K. Consumer Price Index (CPI).

- USDOLLAR Remains at Risk for Narrowing Range Ahead of Fed Meeting.

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

EUR/USD

EUR/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • Despite the dovish forward-guidance laid out by European Central Bank (ECB) President Mario Draghi, may see EUR/USD continue to face range-bound prices over the near-term as EU policy makers pledge to keep Greece within the euro-area.
  • With limited risk of seeing the European Court of Justice strike down on the ECB’s Outright Monetary Transactions (OMT) program, the fundamental data prints coming out of Europe may play a greater role in driving the single-currency as signs of a stronger recovery boosts speculation for a ‘taper-tantrum’.
  • DailyFX Speculative Sentiment Index (SSI) shows retail crowd remains heavily net-short EUR/USD, with the ratio approaching extremes as it currently sits at -2.13.

GBP/USD

GBP/USD Daily Chart
  • May see GBP/USD continue to retrace the decline from the previous month as market participants anticipate the headline & core reading for the U.K. Consumer Price Index (CPI) to uptick in May.
  • The British Pound certainly looks more attractive against its other major counterparts as Bank of England (BoE) Governor Mark Carney continues to prepare U.K. households & businesses for higher borrowing costs and sees stronger price growth in the months ahead.
  • Break/close above 1.5550 (61.8% expansion) to 1.5570 (38.2% retracement) would raise the risk of seeing a run at the May high (1.5813).

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

Read More:

USD/JPY Risks Larger Pullback on Fed/BoJ Policy Shift

The Weekly Volume Report: USD/JPY Declines, but Volume Steady

USDOLLAR(Ticker: USDollar):

Index

Last

High

Low

Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index

11849.49

11890.22

11849.19

-0.11

56.13%

EUR/USD Unfazed by Dovish ECB- Retail FX Remains Net-ShortUSDOLLAR Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • Dow Jones-FXCM U.S. Dollar may face a tightening range ahead of the Federal Open Market Committee’s (FOMC) June 17 interest rate decision amid the ongoing mixed batch of data prints coming out of the world’s largest economy.
  • The updated Fed forecasts may have the largest impact on the near-term outlook for the greenback, and the dollar remains at risk of facing additional headwinds in the second-half of 2015 should the central bank layout a more shallow path for interest rate expectations.
  • Will continue to watch the Fibonacci overlap around 11,826 (61.8% expansion) to 11,843 (38.2 retracement) for near-term support, with the next downside region of interest coming in around 11,745 (50% retracement) to 11,759 (23.6% retracement).

Join DailyFX on Demand for Real-Time SSI Updates!

EUR/USD Unfazed by Dovish ECB- Retail FX Remains Net-Short

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