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.



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
Please try again
Oil - US Crude
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 Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.42% 🇬🇧GBP: 0.36% 🇨🇭CHF: 0.24% 🇦🇺AUD: 0.20% 🇳🇿NZD: 0.09% 🇯🇵JPY: -0.20% View the performance of all markets via
  • Silver posting a decent session, rising over 1% during trade $XAG $USD
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.90% Gold: 0.12% Oil - US Crude: 0.09% View the performance of all markets via
  • Senate vote was 156 to 140
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 67.26%. See the summary chart below and full details and charts on DailyFX:
  • BHP Billiton Q2 copper output 428,100 tons vs Est. 385,000 tons
  • PM Conte survives confidence vote with 154 votes in favour, however, this is short of the absolute majority of 161 votes needed While little reaction in Euro, BTPs will give a signal of sentiment regarding Italian politics at tomorrow's open
  • The Canadian Dollar has struggled to recapture bullish momentum as FX markets continue to rebalance US Dollar positioning. Get your $USDCAD marketing update from @CVecchioFX here:
  • 🇺🇸 Overall Net Capital Flows (NOV) Actual: $214.1B Previous: $-11.1B
  • I do agree their weak EPS might be a knock on their ability to capitalize on the current situation. I suspect many investors will look right past that to highlight the change in net subscribers added which smashed expectations
USD/CAD Capped by Channel Resistance; 1.3300 Hurdle in Focus

USD/CAD Capped by Channel Resistance; 1.3300 Hurdle in Focus

David Song, Strategist

Talking Points:

- USD/CAD at Risk for Larger Pullback as Outlook Remains Clouded With Mixed Signals.

- Japanese Yen Weakness Persist With All Eyes on U.S. Presidential Election.






Daily Change (pip)

Daily Range (pip)








USD/CAD Daily Chart

Chart - Created Using Trading View

  • Longer-term outlook remains constructive as USD/CAD preserves the upward trending channel from earlier this year, but the pair stands at risk for a near-term pullback following the failed attempt to break above 1.3460 (61.8% retracement), while the Relative Strength Index (RSI) remains capped by the bearish formation carried over from the summer months; will keep a close eye on the former resistance-zone around 1.3300 (61.8% expansion) to 1.3310 (38.2% retracement) for support.
  • With the Federal Open Market Committee (FOMC) preparing U.S. households and businesses for a December rate-hike, the cautious tone struck by the Bank of Canada (BoC) may continue to favor a bullish outlook going into the year ahead amid the deviating paths for monetary policy; however, the FOMC may continue to endorse a ‘gradual’ path in normalizing monetary policy as Chicago Fed President Charles Evans, a 2017-voting member, remains concerned about undershooting the 2% target for inflation.
  • Will keep a close eye on the near-term range, with a break/close below 1.3300 (61.8% expansion) to 1.3310 (38.2% retracement) raising the risk for a larger pullback, with then next area of interest coming in around 1.32230 (23.6% retracement) followed by 1.3080 (38.2% retracement).





Daily Change (pip)

Daily Range (pip)








USD/JPY Daily Chart

Chart - Created Using Trading View

  • The Japanese Yen continues to lose ground against its U.S. counterparts as market participants eagerly wait for the results of the U.S. Presidential election; the near-term series of higher highs & lows may continue to take shape over the near-term should risk sentiment continue to improvement, with the 105.40 (50% retracement) hurdle in focus.
  • The Bank of Japan (BoJ) may keep the door open to further embark on its easing-cycle especially as the central bank pushes out its forecast of achieving the 2% target for inflation to fiscal-year 2018, but a further depreciation in the local currency may encourage Governor Haruhiko Kuroda and Co. to carry its wait-and-see approach into 2017 as it helps to anchor inflation-expectations.
  • The bullish RSI formation continues to cast a mixed outlook for USD/JPY, with a closing price above the 105.40 (50% retracement) hurdle raising the risk for a material test of the downward trend from earlier this year, with the next topside region of interest coming in around 106.60 (38.2% retracement).
  • The DailyFX Speculative Sentiment Index (SSI) shows the retail crowd remains net-long USD/JPY since July 21, with sentiment hitting a 2016-extreme reading of +6.04 in September, while traders have been net-short USD/CAD since October 20.
  • USD/JPY SSI sits at +1.57 as 61% of traders are long, with short positions 18.4% lower from the previous week as open interest stands 12.0% below the monthly average.
  • USD/CAD SSI sits at -1.84 as 35% of traders are long, with short positions 16.1% lower from the previous week, while open interest stands 4.9% below the monthly average.
  • Market participation remains weak and appears to be waning as the focus shifts to the outcome of the U.S. Presidential election.

Why and how do we use the SSI in trading? View our video and download the free indicator here

DailyFX Calendar

Click Here for the DailyFX Calendar

Get our top trading opportunities of 2016 HERE

Read More:

US Dollar, Asian Stocks Rise as FBI Clears Clinton Again

Was the EUR/USD Drop a Trap?

Crude Oil Price Forecast: Expect An Important Move Off 200-DMA

Technical Focus: Copper Changing Color

--- Written by David Song, Currency Analyst

To contact David, e-mail Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.