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
Bearish
Oil - US Crude
Bearish
Wall Street
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
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
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
USD/JPY
Mixed
More View more
Real Time News
  • Continuation patterns can present favorable entry levels to trade in the direction of the prevailing trend. Use continuation patterns in your technical analysis here: https://t.co/TUVnO3bO1P https://t.co/vBLkMKjf4x
  • Cyclical and non-cyclical stocks can help diversify a trader’s equity portfolio. Get your guide to understanding these stocks here: https://t.co/h7BKTd2J8N https://t.co/n8vpmuLdTW
  • 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/8A1QhwMVKo https://t.co/CZePv1JEFh
  • The US dollar is unloved, oversold and at lows last seen over 30-months ago. At the moment there seems to be very little reason to buy the greenback. Get your $USD market update from @nickcawley1 here:https://t.co/VY3SLs35cp https://t.co/AVpY2GkGUG
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here: https://t.co/DWm7cBMUg9 https://t.co/IUii5478Jf
  • The Swiss Franc may continue higher against the US Dollar as technical pressure favors USD/CHF bears. .Get your market update from @FxWestwater here:https://t.co/yqJbbhAWiu https://t.co/TCBkQdrMAR
  • RT @jposhaughnessy: BOOM! Mystery solved. https://t.co/njXlgejE0j
  • Gold and silver prices have come under significant pressure recently. However, this correction lower could prove short-lived as price analysis hints at a reversal higher. Get your $XAUUSD market update from @DanielGMoss here:https://t.co/K1qL0fsGwy https://t.co/pH0HQmNX14
  • The dispute between the Federal Reserve and the Treasury Department concerned economists and government officials last week. Traders, however, appeared unfazed as U.S. equity markets proceeded to higher ground. Get your market update from @FxWestwater here:https://t.co/DKK7WWHKlu https://t.co/qxKvC8FAVd
  • The British Pound is eyeing a push to fresh yearly highs against the US Dollar. However, various technical setups suggest GBP could lose ground to JPY, EUR and NZD in the near term. Get your $GBP market update from @DanielGMoss here:https://t.co/NSUnZnPb4Q https://t.co/RuBAAWS37w
DailyFX US AM Digest: US Dollar Rebound Enters Day Three amid Record Treasury Issuance

DailyFX US AM Digest: US Dollar Rebound Enters Day Three amid Record Treasury Issuance

2018-02-20 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 US Dollar is on day three of a rebound from fresh 2018 lows, and its lowest levels since December 2014, in part thanks to a renewed bid as a safe haven as US equity markets point to a lower open in New York. US Treasury yields continue their march higher, with the 2-year yield hitting 2.230% earlier (the highest since September 2008) and the 10-year yield hitting 2.930% (the highest since January 2014). The Euro has softened on concerns that a German coalition may not be easy to come by, especially now that the far-right AfD has overtaken SPD in the polls as the second-most popular political party in Germany.

DailyFX Economic Calendar: Friday, February 16, 2018 – North American Releases

DailyFX US AM Digest: US Dollar Rebound Enters Day Three amid Record Treasury Issuance

It’s a quiet day on the North American economic calendar, with the only data release – Canadian Wholesale Trade Sales, a ‘low’ importance event on the DailyFX Economic Calendar – already in the rearview mirror; there was little discernible impact on CAD-crosses. Later today, traders would be wise to watch the US Treasury’s bill sales, where a record $179 billion are due to be issued. This week, $258 billion of US debt will be issued.

DailyFX Webinar Calendar: Monday, February 19, 2018

DailyFX US AM Digest: US Dollar Rebound Enters Day Three amid Record Treasury Issuance

IG Client Sentiment Index Chart of the Day: EURUSD

DailyFX US AM Digest: US Dollar Rebound Enters Day Three amid Record Treasury Issuance

EURUSD: Retail trader data shows 38.4% of traders are net-long with the ratio of traders short to long at 1.6 to 1. In fact, traders have remained net-short since Apr 18 when EURUSD traded near 1.05519; price has moved 16.9% higher since then. The number of traders net-long is 18.1% higher than yesterday and 7.0% lower from last week, while the number of traders net-short is 1.8% higher than yesterday and 12.2% 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.

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

Five Things Traders are Reading

  1. “DXY Index Remains in Downtrend, Watch this Level” by Christopher Vecchio, CFA, Senior Currency Strategist
  2. “Technical Outlook for Gold/Silver, Crude Oil, DAX & More” by Paul Robinson, Market Analyst
  3. “Market Sentiment Continues to Improve as Early-February Fears Recede” by Martin Essex, MSTA, Analyst and Editor
  4. “EURUSD Finds Little Support From Positive Euro-Zone Data” by Nick Cawley, Analyst
  5. “FTSE Technical Overview: 7300 Proving to be Problematic” by Paul Robinson, Market Analyst

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