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
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Mixed
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
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
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • 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/Xi9QU3ADPF
  • 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/cQwbeZ6Feq
  • #Oil prices saw a reprieve to the recent selling pressure but remain at risk while below downtrend resistance. Here are the levels that matter on the #WTI technical chart. Get your #commodities update from @MBForex here: https://t.co/CcXsF3JCMH https://t.co/RUmS1cX52v
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/5uSWKoLkd6 https://t.co/boEI8RuQdC
  • The growth-linked New Zealand Dollar may rise on the upcoming #RBNZ rate decision following rosy economic data. However, downside potential in the S&P 500 could offset $NZDUSD gains. Get your #currencies update from @ddubrovskyFX here: https://t.co/LfCe6C6G3P https://t.co/kUeBxxeaEf
  • It was a quiet week in Aussie as $AUDUSD put in its second consecutive week of indecision. But taking a more granular look highlights the potential for a reversal scenario. Get your #currencies update from @JStanleyFX here: https://t.co/PPK20nubAf https://t.co/0nfmRRFNnz
  • The S&P 500 pushed the market's comfort with a head-and-shoulders pattern through Friday's close. What should we look for in technical patterns, overlapping fundamental tides and speculative positioning for the likes of $EURUSD next week? https://www.dailyfx.com/forex/video/daily_news_report/2020/09/19/EURUSD-Pressure-Building-while-Anxious-Traders-Weigh-Did-SP-500-Break.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/lgVJVwi8th
  • Sterling remains trapped by overarching fundamentals drivers and both $GBPUSD and $EURGBP are going to have to wait until the Brexit dust settles. Get your #currencies update from @nickcawley1 here: https://t.co/vF1K1cy0nd https://t.co/NSA7qiQihc
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:https://t.co/1oygcFMFNs https://t.co/d9EmTOHyTv
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true.Simplify your trading strategy with these four indicators here:https://t.co/A4dqGMPylo https://t.co/xqbUxwWgTZ
DailyFX US AM Digest: Euro Retakes Earlier Losses; Dollar Stable at US Open

DailyFX US AM Digest: Euro Retakes Earlier Losses; Dollar Stable at US Open

2017-11-20 14:30:00
DailyFX Research,
Share:

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open - signup here

The US Dollar has given up all of its earlier gains, directly reflecting the rebound in the Euro during the European trading session. Earlier, Asian traders offered the Euro lower as news emerged that German Chancellor Angela Merkel wouldn’t be able to form a coalition government following elections in September. However, given the historical implications of a failed effort to form a government – typically a minority coalition forming or a new round of elections in which the previous winners have prevailed once more – European traders have brushed off the developments as nothing more than ‘fake news.’

DailyFX Economic Calendar: Monday, November 20, 2017 – North American Releases

DailyFX US AM Digest: Euro Retakes Earlier Losses; Dollar Stable at US Open

It’s a quiet week on the economic calendar overall, with Monday being no different from the trend. There are only three events total on the North American calendar, with only one rated as ‘medium’ or higher importance; the October US Leading Indicators report shouldn’t move markets much. Overall, the coming days should prove to be illiquid, particularly around Thursday for the Thanksgiving holiday in the United States. The news wire is the most potent source of event risk (Trump tweets, progress over tax reform legislation, North Korea missile test, etc.) over the coming week.

DailyFX Webinar Calendar: Monday, November 20, 2017

DailyFX US AM Digest: Euro Retakes Earlier Losses; Dollar Stable at US Open

IG Client Sentiment Index Chart of the Day: EURUSD

DailyFX US AM Digest: Euro Retakes Earlier Losses; Dollar Stable at US Open

Learn more about the IG Client Sentiment Index on the DailyFX Sentiment page

EURUSD: Retail trader data shows 29.9% of traders are net-long with the ratio of traders short to long at 2.35 to 1. The number of traders net-long is 8.1% lower than yesterday and 24.7% lower from last week, while the number of traders net-short is 4.9% lower than yesterday and 12.0% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.

Five Things Traders are Reading

  1. “EUR/USD Shakes on German Political Risk: Setups Remain on Both Sides” by James Stanley, Currency Strategist
  2. “FX Markets Look to Pockets of Event Risk During US Holiday Week” by Christopher Vecchio, CFA, Senior Currency Strategist
  3. “Brexit Briefing: German Coalition Collapse Could Hamper EU/UK Talks” by Nick Cawley, Analyst
  4. “NZD/USD Volatility Expectations Highest, USD/CAD on the Low-end” by Paul Robinson, Market Analyst
  5. “Euro Looks to Hold onto Gains During US Holiday Week” by Christopher Vecchio, CFA, Senior Currency Strategist

The DailyFX US AM Digest is published every day before the US cash equity open - you can SIGNUP HERE to receive this report in your inbox every day.

The DailyFX Asia AM Digest is published every day before the Tokyo cash equity open - you can SIGNUP HERE to receive that report in your inbox every day.

If you're interested in receiving both reports each day, you can SIGNUP HERE.

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

DISCLOSURES