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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
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
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • US Dollar Price Action Setups: EUR/USD, GBP/USD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/04/19/US-Dollar-USD-Price-Action-Setups-EUR-USD-EURUSD-GBP-USD-GBPUSD.html $USD $EURUSD $GBPUSD https://t.co/Jyr7pfHhdH
  • RT @CGasparino: BREAKING -- @JoeBiden Admin is in the early stages of developing a regulatory approach to the booming crypto biz, sources t…
  • The US Dollar is in correction within the yearly uptrend with the decline now eyeing initial support objectives just lower. Get your $USD technical analysis from @MBForex here:https://t.co/QLdiJa8z7v https://t.co/95rBic2Ke8
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.03% Gold: -0.29% Silver: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/nj9OGkvt7a
  • The Dollar ($DXY) has cleared both its 50-day SMA and the midpoint of the 2021 range. What has greater pull: its roll as wayward safe haven (vs inverted $SPX) or the recent fade in returns (US 10yr). The 20-day correlation to both approximately ~0.8, strong https://t.co/1dteHRggua
  • US Dollar Index (DXY) trend from last March picking up steam again. February and January lows up next on radar, could take a few weeks. Get your market update from @PaulRobinsonFX here:https://t.co/KCsZINK3KI https://t.co/3EN4Xrxnjn
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9j9ojxURdw
  • RT @ChadPergram: Biden now mtg w/bipartisan/bicameral mbrs about infrastructure. Says they're discussing "how to pay for it." Adds they "ho…
  • $WTI #Crude #Oil Price Outlook: Breakout Eyes Resistance- Bulls at Risk - https://t.co/RuNq3bxxaW https://t.co/784dxJq0m7
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.17% France 40: -0.21% FTSE 100: -0.21% Wall Street: -0.43% US 500: -0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/TOxQi0CN8k
Asia AM Digest: Pound Soars as Brexit Deal Prospects Brighten

Asia AM Digest: Pound Soars as Brexit Deal Prospects Brighten

DailyFX Research,

To get the Asia AM Digest every day, SIGN UP HERE

The British Pound led the way higher yesterday, buoyed by reports of an imminent post-Brexit Irish border deal. The thorny issue of how the dividing line between Northern Ireland and the Republic of Ireland will work after the UK leaves the EU sank an almost-there accord earlier this week.

The US Dollar continued to push higher amid reports that President Donald Trump will unveil an infrastructure spending plan in early January. That might amplify upward pressure on inflation from a tax cut effort now making its way through Congress, leading to a steeper Fed rate hike cycle.

Rates-sensitive currencies at both ends of the yield spectrum – the Australian and New Zealand Dollars at the top and the Yen at the bottom – were sent dutifully lower by the prospect of higher US borrowing costs. A broad improvement in sentiment compounded pressure on the perennially anti-risk Japanese unit.

DailyFX Economic Calendar: Asia Pacific (all times in GMT)

Asia AM Digest: Pound Soars as Brexit Deal Prospects Brighten

DailyFX Webinar CalendarCLICK HERE to Register (all times in GMT)

Asia AM Digest: Pound Soars as Brexit Deal Prospects Brighten

IG Client Sentiment Index Chart of the Day: EUR/USD

Asia AM Digest: Pound Soars as Brexit Deal Prospects Brighten

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 41.7% of traders are net-long EUR/USD, with the ratio of traders short to long at 1.4 to 1. The number of traders net-long is 0.3% higher than yesterday and 7.6% higher from last week, while the number of traders net-short is 3.4% lower than yesterday and 3.5% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current EUR/USD price trend may soon reverse lower despite the fact traders remain net-short.

Five Things Traders are Reading

  1. Yen Looks Past Local Data to US News, USD/JPY Chart Warns of Top by David Cottle, Analyst
  2. Pre-NFP Price Action Setups Across the U.S. Dollar by James Stanley, Currency Strategist
  3. Near-term Setups in GBP/USD, NZD/JPY, and AUDJPY by Michael Boutros, Currency Strategist
  4. Becoming a Better Trader: 3 Principles of Price Action Analysis by Paul Robinson, Market Analyst
  5. Bitcoin Price Surges Above $15,000; More Valuable than Visa by Nick Cawley, Analyst

To get the Asia AM Digest every day before the Tokyo cash equity open, sign up here

To get the US AM Digest every day before the US cash equity open, sign up here

To get both reports daily, sign up here

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

DISCLOSURES