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
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqhRoMG https://t.co/lccPTTlvj0
  • 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
US AM Digest: US Equities Softer as Trade Tariffs are Announced

US AM Digest: US Equities Softer as Trade Tariffs are Announced

DailyFX Research,

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

US equity futures are pointing lower at the open once again, although have pared back some of their losses following the tit-for-tat trade tariff announcements between China and the United States. Yesterday, the Trump administration announced $50 billion of tariffs on Chinese goods while China in turn responded with announcing its own $3 billion tariff on US goods. The early signs of a global trade war have spooked market participants, with USD/JPY cracking on to a fresh yearly low. Elsewhere, focus remains on the potential US government shutdown, as earlier today US President Trump said he was considering vetoing the $1.3 trillion omnibus spending package.

DailyFX Economic Calendar: Friday, March 23, 2018 – North American Releases

US AM Digest: US Equities Softer as Trade Tariffs are Announced

The bulk of the North American economic calendar is in the rearview mirror for Friday, with several important data releases having already shaped price action around the US equity open. February Canadian CPI was stronger than expected, providing another boost to the Loonie after Canada was previously exempted from the Trump administration’s tariffs. However, gains were stunted by a mixed January Canadian Retail Sales report. Out of the United States, the preliminary February Durable Goods Orders report was well-above expectations, likewise providing some relief for the US Dollar which had been pressured by the tariff announcement towards China yesterday.

DailyFX Webinar Calendar: Monday, March 26, 2018

US AM Digest: US Equities Softer as Trade Tariffs are Announced

IG Client Sentiment Index Chart of the Day: Spot Gold

US AM Digest: US Equities Softer as Trade Tariffs are Announced

Spot Gold: Retail trader data shows 68.6% of traders are net-long with the ratio of traders long to short at 2.19 to 1. The number of traders net-long is 4.2% higher than yesterday and 13.9% lower from last week, while the number of traders net-short is 3.1% lower than yesterday and 17.6% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Positioning is more net-long than yesterday but less net-long from last week. The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.

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

Five Things Traders are Reading

  1. “USD/JPY Breaks Symmetrical Triangle, at Fresh Yearly Lows on Trade Concerns” by Christopher Vecchio, CFA, Senior Currency Strategist
  2. “Charts for Next Week – USD/CHF, GBP/JPY, DAX, S&P 500 & More (Video)” by Paul Robinson, Market Analyst
  3. “USDCHF Heads Lower on US Trade War Escalation” by Nick Cawley, Analyst
  4. “Bounce Over for Cryptocurrencies? A look at Ethereum, Ripple & Litecoin” by Paul Robinson, Market Analyst
  5. “USD/JPY Fell to Session Low Following McMaster Resignation News” by Varun Jaitly, DailyFX Research

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