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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Crude oil prices pulled back slightly after API reported an unexpected 2.56 million-barrel build in US crude inventories for the week ending Jan 15th. Markets anticipated a 1.17-million-barrel drop initially.
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • Noguchi nominated for BOJ board by Japan's government - BBG
  • $GBPNZD could extend recent losses after surging away from the 100-MA and failing to breach range resistance at 1.9120 - 1.9150 A retest of the monthly low looks on the cards if sellers can drive the exchange rate back below the 21-EMA (1.8956) $GBP $NZD #technicalanalysis
  • The British Pound may continue gaining ground against its haven-associated counterparts in the near term. However, the currency may give up gained ground against the New Zealand Dollar.Get your $GBP market update from @DanielGMoss here:
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 0.44% Gold: -0.05% Oil - US Crude: -0.49% View the performance of all markets via
  • Precious Metals Analysis: Gold and Silver Buoyant as Real Yields Fall - #Gold #Silver #XAUUSD #XAGUSD
  • ECB is rumored to be pursuing yield spread control strategy - BBG
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.47% 🇦🇺AUD: 0.32% 🇬🇧GBP: 0.17% 🇨🇦CAD: 0.13% 🇨🇭CHF: 0.10% 🇯🇵JPY: -0.01% View the performance of all markets via
  • 🇯🇵 BoJ Interest Rate Decision Actual: -0.1% Expected: -0.1% Previous: -0.1%
US AM Digest: CAD Gains on NAFTA Talks; AUD Quiet after RBA

US AM Digest: CAD Gains on NAFTA Talks; AUD Quiet after RBA

Justin McQueen, Analyst

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

CAD: The Loonie is among the best performing G10 currencies amid concerns over NAFTA beginning to abate, which came after reports that President Trump is said to push for a deal in principle within 1-2 weeks. Subsequently, pressuring USD/CAD back through 1.29 and looking to make a test for 1.28. Elsewhere, CAD traders will be keeping an eye on the Canadian Jobs due out at the back end of the week.

JPY: Safe havens underperforming vs. the greenback despite market sentiment on the softer side amid the ongoing fears surrounding a trade war between the US and China, alongside, persistent weakness in the tech sector, which has taken US equities back down to the levels seen in early Feb. Mixed signals from BoJ Governor Kuroda led to notable fluctuations in the JPY, which strengthened to the mid-105s before retracing back above 106 after Kuroda stated that the central bank had been discussing an exit from current monetary policy, however, noted that easing will persist given that inflation remains distant from target.

AUD, NZD: Uneventful RBA meeting yet again with the central bank sticking to its neutral tone and continuing to take a ‘wait and see’ approach. AUD found a slight lift with the latest AIG Mfg. PMI jumping to a record 63.1. NZD has also seen a move in sympathy, while eyes will be on today’s Fonterra GDT auction, in which futures are pricing in a potential 1% decline in WMP prices.

DailyFX Economic Calendar: Tuesday, April 3, 2018 – North American Releases

US AM Digest: CAD Gains on NAFTA Talks; AUD Quiet after RBA

Very light economic schedule out of the US today with the only real highlights likely to be comments from Fed’s Kashkari (Non-Voter) and Brainard (Voter). As such, attention among investors will be placed towards the back-end of the week, whereby participants will digest the latest NFP figures (Exp. 189k), while aside from economic data points, investors will be looking out for any further escalation in regards to trade between China and the US.

DailyFX Webinar Calendar: Tuesday, April 03, 2018

US AM Digest: CAD Gains on NAFTA Talks; AUD Quiet after RBA

IG Client Sentiment Index Chart of the Day: USDJPY

US AM Digest: CAD Gains on NAFTA Talks; AUD Quiet after RBA

USDJPY: Retail trader data shows 67.2% of traders are net-long with the ratio of traders long to short at 2.05 to 1. In fact, traders have remained net-long since Dec 29 when USDJPY traded near 113.533; price has moved 6.4% lower since then. The number of traders net-long is 2.4% lower than yesterday and 3.3% lower from last week, while the number of traders net-short is 0.4% lower than yesterday and 10.4% higher from last week.

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

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

Five Things Traders are Reading

  1. US Dollar Holds Ground as Risk Sentiment Slides, Eurozone Data Weakens” by Christopher Vecchio, Sr. Currency Strategist
  2. Technical Analysis for S&P 500, DAX, Gold, Crude Oil & More” by Paul Robinson, Market Analyst
  3. Market Sentiment Suffering From Trade War Fears, Tech Selloff” by Martin Essex, MSTA, Analyst and Editor
  4. FTSE Technical Outlook – Resistance Keeps Focus Lower” by Paul Robinson, Market Analyst
  5. How Significant Is the S&P 500 Breaking the 200-Day Moving Average? by John Kicklighter, Chief 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.