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
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
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • Could #CrudeOil prices be readying to resume the former uptrend? Or will prices extend losses ahead? #WTI has lately been trading within a Symmetrical Triangle chart pattern Learn more about this formation here - https://www.dailyfx.com/education/technical-analysis-chart-patterns/triangle-pattern.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/g9UlHCePF1
  • Australian Dollar has broken parallel support and remains at risk for further losses within the broader June uptrend. Get your $AUDUSD technical analysis from @MBForex here:https://t.co/gTmlLX5t06 https://t.co/GfEixh5aoP
  • Update on #Cryptocurrencies #BITCOIN +0.27% #BITCOINCASH +0.49% #ETHEREUM +0.21% #RIPPLE +0.49% #LITECOIN +0.38%
  • The Nasdaq 100 just pulled back near an important area of big-picture support via the top of the decade-long channel it left behind back in July. Get your #Nasdaq technical analysis from @PaulRobinsonFX here:https://t.co/XhipuEMhyN https://t.co/BhSnsxU4IJ
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: -0.06% 🇯🇵JPY: -0.41% 🇪🇺EUR: -0.41% 🇨🇦CAD: -0.61% 🇳🇿NZD: -1.30% 🇦🇺AUD: -1.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/kCInf1EbdQ
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -1.05% Gold: -2.02% Silver: -6.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/YRqYY2B6Ui
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.16%, while traders in NZD/USD are at opposite extremes with 63.74%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qnPrjK4cau
  • The USD/CAD breakout is now approaching near-term uptrend resistance and while the broader outlook remains constructive, the bulls may be vulnerable here. Get your $USDCAD technical analysis from @MBForex here: https://t.co/Bdr4y9lTJv https://t.co/kjg9w2JkLq
  • US Equities Update (Wednesday Close): $DJI -1.92% $SPX -2.37% $NDX -3.16% $RUT -3.04% $VIX +7.86%
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: -0.03% Wall Street: -0.03% Germany 30: -0.87% FTSE 100: -0.88% France 40: -0.89% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Je9EmV34kz
DailyFX US AM Digest: FX Markets in Calm Before the Central Bank Storm

DailyFX US AM Digest: FX Markets in Calm Before the Central Bank Storm

2017-12-12 14:29:00
DailyFX Research,
Share:

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

‘The calm before the storm’ – that is probably the best way to describe price action in FX markets right now. With the Federal Reserve, Swiss National Bank, Bank of England, European Central Bank, and Banxico (central bank of Mexico) meeting starting tomorrow through the remainder of the week, volatility is sure to pick up. Ahead of then, traders are watching the US Dollar tread water alongside the Euro, neither of whom have seen any meaningful developments on the calendar through the first two days of the week. Meanwhile, the British Pound has slipped into negative territory on the day after rising earlier on the back of a hotter than anticipated inflation report for November.

DailyFX Economic Calendar: Tuesday, December 12, 2017 – North American Releases

DailyFX US AM Digest: FX Markets in Calm Before the Central Bank Storm

It’s the second straight day in which neither Canadian nor Mexican data appear on the North American economic calendar, as well as the second straight day in which there are a plentiful amount of data releases but none of the ‘high’ importance variety. Traders will be best-suited paying attention to the news wire for further developments in the US tax reform bill saga as well as the Brexit negotiations.

DailyFX Webinar Calendar: Tuesday, December 12, 2017

DailyFX US AM Digest: FX Markets in Calm Before the Central Bank Storm

IG Client Sentiment Index Chart of the Day: GBPUSD

DailyFX US AM Digest: FX Markets in Calm Before the Central Bank Storm

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

GBPUSD: Retail trader data shows 51.7% of traders are net-long with the ratio of traders long to short at 1.07 to 1. The number of traders net-long is 5.2% higher than yesterday and 25.5% higher from last week, while the number of traders net-short is 4.8% lower than yesterday and 5.0% lower from last week.

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

Five Things Traders are Reading

  1. “GBP/USD Holds Support, USD/CAD Stuck in Range - For Now” by Christopher Vecchio, CFA, Senior Currency Strategist
  2. “DAX Technical Analysis: Volatile Range Persists, to Resolve Up or Down?” by Paul Robinson, Market Analyst
  3. “Technical Analysis for Gold & Silver, Copper, Oil, DAX, and More” by Paul Robinson, Market Analyst
  4. “Futures Market Heralds a New Era of Trading for Bitcoin and Cryptocurrencies” by Christopher Vecchio, CFA, Senior Currency Strategist
  5. “NZD/USD Technical Analysis: Down Trend Survives RBNZ-Linked Surge” by Ilya Spivak, 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