Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
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
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
  • 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/fA7G42tGcH
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here: https://t.co/DmhBkd4B0k https://t.co/8cM3NQIvom
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here: https://t.co/NpC1D8y4Aa https://t.co/tEpCHQDoVW
  • A punny excerpt: “Already the exchanges between Mr. Barnier and his counterpart David Frost, have – apropos to his name – sent a chilling message about bilateral trade talks”. https://t.co/OkFCvUZs2H
  • #BritishPound May Fall on #Virus-Hit GDP Data, #Brexit Stalemate ⬇️ https://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2020/08/08/British-Pound-May-Fall-on-Virus-Hit-GDP-Data-Brexit-Stalemate.html
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/td5WA4hCZC https://t.co/BuFKivwj2h
  • 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/QXaLbmFSjd
  • The anti-risk Japanese #Yen may rise versus currencies like the $AUD and $NZD on US-China tensions and fiscal stimulus woes which sank the Nasdaq 100 at the end of last week. Get your #currencies update from @ddubrovskyFX here: https://t.co/Kw0fYCHEcw https://t.co/jiQBPpzat3
  • The #Dollar is down than 3% year-to-date with the index responding to trend support at multi-year lows. Here are the levels that matter on the $DXY weekly technical chart. Get your #currencies update from @MBForex here: https://t.co/MVnF5VDoeN https://t.co/TP2k8u9sXN
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here:https://t.co/Fkzk88Y5gm https://t.co/ioGWvplvt7
EUR/USD Extends Rebound from 1.0800 Support- Retail FX Remains Short

EUR/USD Extends Rebound from 1.0800 Support- Retail FX Remains Short

2015-07-23 16:45:00
David Song, Strategist

Talking Points:

- EUR/USD Retail FX Crowd Remains Net-Short Despite Fresh Weekly Highs.

- USD/CAD Unfazed by Upbeat Canada Retail Sales- RSI Trigger in Focus.

- USDOLLAR Continues to Carve Lower Highs & Lows Despite Upbeat Data.

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


EUR/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • After failing to break near-term support around 1.0790 (50% expansion) to 1.0800 (23.6% expansion), EUR/USD may face a larger rebound especially if the Relative Strength Index (RSI) fails to preserve the bearish momentum carried over from the previous month.
  • However, the Euro-Zone Purchasing Manager Indices (PMI) may produce near-term headwinds for the single currency should the data prints highlight a slowing recovery & fuel speculation for a further expansion of the European Central Bank’s (ECB) easing cycle.
  • The DailyFX Speculative Sentiment Index (SSI) shows retail crowd remains net-short EUR/USD since March 9, with the ratio approaching extremes as it slips to -1.59, with 39% of traders long.


USD/CAD Daily Chart
  • Long-term outlook for USD/CAD remains bullish amid the deviation in the policy outlook, but the pair may face a near-term pullback should the RSI highlight a sell-signal, with the oscillator falling back below 70.
  • Despite the better-than-expected Canada Retail Sales report, the dovish tone laid out by Bank of Canada (BoC) Governor Stephen Poloz may continue to dampen the appeal of the loonie amid growing speculation for a further reduction in the benchmark interest rate.
  • Topside targets will remain favored as long as the oscillator holds in overbought territory, with 1.3064 (2009 high) to 1.3080 (61.8% expansion) largely in focus, but a break below 1.2940 (78.6% retracement) may spur a larger pullback into former resistance around 1.2800 (38.2% expansion).

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

Read More:

Price & Time: Kiwi Finally Corrects

GBPJPY Defends Monthly Open- Weekly Range Break to Validate Long Bias

USDOLLAR(Ticker: USDollar):





Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index






EUR/USD Extends Rebound from 1.0800 Support- Retail FX Remains ShortUSDOLLAR Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • Dow Jones-FXCM U.S. Dollar bounces back from a fresh weekly low (11,977), but the ongoing string of lower highs & lows raises the risk for a larger correction following the failed attempts to close above 12,049 (78.6% retracement).
  • Nevertheless, a further pickup in U.S. New Home Sales may fuel expectations for a Fed September liftoff as Chair Janet Yellen remains upbeat on the economy & sees scope for a 2015 rate hike.
  • In light of the lower highs & lows, will keep a close eye on the 11,898 (50% retracement) to 11,901 (78.6% expansion) region for interim support.

Join DailyFX on Demand for Real-Time SSI Updates!

EUR/USD Extends Rebound from 1.0800 Support- Retail FX Remains Short

--- 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.


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.