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. See our updated Privacy Policy here.

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
Wall Street
Bearish
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
More View more
Real Time News
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here: https://t.co/WIKdSesfkJ https://t.co/Fx0qr32xgI
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/IRS9MaA7h8
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here: https://www.dailyfx.com/forex/fundamental/forecast/weekly/CHF/2021/09/18/Gold-Price-Outlook-Hinges-on-Fed-Rate-Decision-Forward-Guidance.html https://t.co/dWWxtErjK0
  • 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/arxYmtQeUn https://t.co/4qxwiJsV1K
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/stMPuq0VXR
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/v6RGICQvge
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here: https://t.co/d8Re5anlG5 https://t.co/rws9LHJV3E
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2021/09/18/Japanese-Yen-Forecast-JPY-Crosses-Eye-BoJ-CPI-as-Haven-Flows-Bolster-Yen-Strength.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/FVisZuTP6M
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here: https://t.co/H1BaTlIHjY https://t.co/zP3mjfslSD
DailyFX US AM Digest: US Dollar Starts Week Lower as Shutdown Enters Day Three

DailyFX US AM Digest: US Dollar Starts Week Lower as Shutdown Enters Day Three

DailyFX Research,

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

The US Dollar opened the week lower than where it closed on Friday but has not seen any follow through on its losses, with market participants awaiting the results of today’s US Senate vote to end the federal government shutdown. Elsewhere, with the economic calendar quiet for both the Euro-Zone and the United Kingdom, the Euro and the British Pound, respectively, found few catalysts to spur significant price action. However, it should be noted that the Sterling was able to turn higher this morning on the back of commentary from French President Emmanuel Macron, who suggested that the UK could get special access to the EU’s trade region after Brexit.

DailyFX Economic Calendar: Monday, January 22, 2018 – North American Releases

DailyFX US AM Digest: US Dollar Starts Week Lower as Shutdown Enters Day Three

It’s a quiet day on the North American economic calendar to start the week off, but traders would probably have downplayed any release given the backdrop of the US government shutdown. The US Senate is poised to vote on a bill to end the shutdown today at 12 EST/17 GMT, although it appears to be a coin toss as to whether or not it will actually pass. Similarly, passage in the Senate doesn’t guarantee that it will pass in the House or that US President Trump will sign the budget deal. It’s best to keep an eye trained on the news wire this week.

DailyFX Webinar Calendar: Monday, January 22, 2018

DailyFX US AM Digest: US Dollar Starts Week Lower as Shutdown Enters Day Three

IG Client Sentiment Index Chart of the Day: EURUSD

DailyFX US AM Digest: US Dollar Starts Week Lower as Shutdown Enters Day Three

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

EURUSD: Retail trader data shows 34.3% of traders are net-long with the ratio of traders short to long at 1.91 to 1. The number of traders net-long is 15.5% higher than yesterday and 6.5% higher from last week, while the number of traders net-short is 2.7% higher than yesterday and 7.4% higher 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. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.

Five Things Traders are Reading

  1. “The Yen is in the Spotlight for the First BoJ Rate Decision of the Year” by James Stanley, Currency Strategist
  2. “USD Dented, but Not Harmed, by US Government Shutdown - So Far” by Christopher Vecchio, CFA, Senior Currency Strategist
  3. “Bitcoin, Ethereum & Co. Hit Resistance, What Happens Next is Important” by Paul Robinson, Market Analyst
  4. “EUR/GBP Eyes Mid-Week Releases, ECB Talk, UK GDP” by Nick Cawley, Analyst
  5. “A Look Inside Bitcoin Traders’ Minds During the Cryptocurrency Crash” by Nick Cawley, Analyst, Paul Robinson, Market Analyst, and 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