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.

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
More View more
Real Time News
  • A recession is typically accompanied by falling stock prices, but equities are not the be-all and end-all for recession investment strategies. Get your market update from @PeterHanksFX here: https://t.co/H0Rf3AkECs https://t.co/5Il5ptMnMu
  • The $USD may rise versus the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit if capital flows out of #ASEAN countries as key U.S. data risks a selloff in equities. Get your market update from @ddubrovskyFX here: https://t.co/JWIRn6MLrK https://t.co/y2tXiYs9aV
  • The $USD may be at risk as trader positioning warns that the S&P 500 may bounce as markets look forward to fiscal stimulus. USD/CAD could rise if key support holds down the road.Get your market update from @ddubrovskyFX here:https://t.co/TMq9VZbZ7W https://t.co/H6I3MXjW06
  • As prices dance around on charts, traders are often looking for reasons to explain price movements; however, the underlying source of price movement boils down to the relationship between supply and demand. Learn more about the forces of S&D on forex here: https://t.co/8LfkLXbj2W https://t.co/ZsHdd9NFcO
  • The $USD may be at risk as trader positioning warns that the S&P 500 may bounce as markets look forward to fiscal stimulus. USD/CAD could rise if key support holds down the road.Get your market update from @ddubrovskyFX here:https://t.co/TMq9VZbZ7W https://t.co/TisnGYxllM
  • Here my weekend trading video 'Dow, VIX, Dollar and Gold: Levels and Volatility to Gauge the Markets' https://www.dailyfx.com/forex/video/daily_news_report/2020/03/28/Dow-VIX-Dollar-and-Gold-Levels-and-Volatility-to-Gauge-the-Markets-.html?ref-author=Kicklighter&QPID=917719&CHID=9
  • #Silver and #gold prices have had a fascinating 2020, counterintuitively falling as the #coronavirus’ economic hit has become horribly apparent. A rebound is now afoot. Get your market update from @DavidCottleFX here: https://t.co/nng7lwQ22E https://t.co/JwehIVbBA2
  • Foreign exchange – or “#forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates. Get your market insight from @ZabelinDimitri and @CVecchioFX here: https://t.co/FbXc1Awu6a https://t.co/mcq5Bq2Jui
  • The $USD soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997-98 Asia financial crisis amid the #coronavirus outbreak. Can this trend continue? Find out from @ddubrovskyFX here:https://t.co/M3sDZOftrE https://t.co/sbIbp68UOh
  • The $USD may be at risk as technical signals show USD/SGD, USD/MYR and USD/IDR may turn lower. Ahead, the markets will likely weigh US fiscal stimulus bets against dismal data risk. Get your market update from @ddubrovskyFX here:https://t.co/iGqBrY6qyO https://t.co/kJ89YgK3Mm
GBP/USD ‘Flash Crash’ Range in Play Ahead of U.K. CPI

GBP/USD ‘Flash Crash’ Range in Play Ahead of U.K. CPI

2017-01-12 16:36:00
David Song, Strategist

Talking Points:

- NZD/USD Breaks Near-Term Range; Eyes December High.

- GBP/USD ‘Flash Crash’ Range in Play; BoE Warns of ‘Notable’ Inflation Ahead of U.K. CPI.






Daily Change (pip)

Daily Range (pip)








NZD/USD Daily Chart

Chart - Created Using Trading View

  • NZD/USD may stage a larger recovery and work its way back towards the December high (0.7239) as the pair breaks out of a narrow range and starts to carve a near-term series of higher highs & lows; nevertheless, broader outlook remains tilted to the downside as price and the Relative Strength Index (RSI) continue to operate within the downward trends carried over from the previous year.
  • New Zealand’s 4Q Consumer Price Index (CPI) due out on January 25 may heavily influence the monetary policy outlook as the Reserve Bank of New Zealand (RBNZ) appears to be changing its tune following the rate-cut in November, with Governor Graeme Wheeler now arguing the ‘annual inflation is expected to rise from the December quarter, reflecting the policy stimulus to date, the strength of the domestic economy, and reduced drag from tradables inflation;’ however, another headline reading of 0.4% may dampen the appeal of the New Zealand dollar as ‘numerous uncertainties remain, particularly in respect of the international outlook, and policy may need to adjust accordingly.
  • A close above the 0.7100 (38.2% expansion) handle shifts the focus to the next topside region of interest around 0.7200 (38.2% retracement), followed by the December high (0.7239), which lines up with the 0.7240 (61.8% retracement) target.





Daily Change (pip)

Daily Range (pip)








GBP/USD Daily Chart

Chart - Created Using Trading View

  • With the ‘Brexit’ deadline just weeks away, uncertainties surrounding the U.K.’s departure may continue to foster a bearish outlook for the British Pound, but GBP/USD looks poised for a larger rebound over the near-term amid the ongoing failed attempts to close below the 1.2100 (61.8% expansion) handle; a bullish RSI trigger has also emerged to start 2017, with the pair at risk of testing the downward trend carried over from December especially as the momentum indicator appears to be diverging with price.
  • With Bank of England (BoE) Governor Mark Carney warning of a ‘notable’ increase in inflation, the U.K. Consumer Price Index (CPI) on tap for the week ahead may sap the bearish sentiment surrounding the sterling should the report highlight stronger-than-expected price growth; may encourage the central bank to adopt a more hawkish tone at the next interest rate decision on February 2 as recent data prints coming out of the real economy are ‘consistent with some further update’ to the economic outlook.
  • May see GBP/USD largely preserve the British Pound ‘Flash Crash’ range over the remainder of the week, with a close above 1.2270 (23.6% retracement) raising the risk for a move back towards trendline resistance, which lines up with the next topside objective around 1.2370 (50% expansion).

For More Updates, Join DailyFX Currency Analyst David Song for LIVE Analysis!

Click HERE for the Entire DailyFX Webinar schedule.

DailyFX Calendar

Click Here for the DailyFX Calendar

If you’re looking for trading ideas, check out our Trading Guides.

Read More:

DAX: Bull-flag Consolidation Taking Shape

Yen Looks To Yield Spread For Direction, Trump Calls Out Toyota

USD/JPY Technical Analysis: Short-Term Look At Recent Pull-Back

January Forex Seasonality Sees Further US Dollar Strength to Start the Year

--- 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.

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


News & Analysis at your fingertips.