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.



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
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
  • Dow Jones Retreats Ahead of FOMC, Nikkei 225 and ASX 200 Open Lower
  • 🇦🇺 Westpac Leading Index MoM (MAY) Actual: -0.06% Previous: 0.19%
  • MSCI #EmergingMarkets Index (EEM), which is heavily weighed in Chinese stocks, has been struggling to breach the 54.97 - 55.34 inflection zone A hawkish #Fed (especially amid ebbing #PBOC liquidity measures), could risk weighing the index Breach under 20-day SMA exposes MAR low
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA’s Short-Term Energy Outlook. Where can prices head from here? Find out from @FxWestwater here:
  • Heads Up:🇦🇺 Westpac Leading Index MoM (MAY) due at 01:00 GMT (15min) Previous: 0.2%
  • 🇯🇵 Balance of Trade (MAY) Actual: ¥-187.1B Expected: ¥-91.2B Previous: ¥253.1B
  • 🇯🇵 Machinery Orders YoY (APR) Actual: 6.5% Expected: 8% Previous: -2%
  • Heads Up:🇨🇭 US-Russia Meeting due at 00:00 GMT (15min)
  • Heads Up:🇯🇵 Balance of Trade (MAY) due at 23:50 GMT (15min) Expected: ¥-91.2B Previous: ¥255.3B
USD Holds Support, GBP Choppy on Brexit Stand-Off - US Market Open

USD Holds Support, GBP Choppy on Brexit Stand-Off - US Market Open

Justin McQueen, Analyst


USD: Much like equity markets, the US Dollar is softer with the 95.00 handle holding for now. US retail sales data underwhelmed expectations, consequently adding to the weaker USD theme. Elsewhere, speculative positioning data showed USD long bets increase once again, however, much of these bets comprise of JPY shorts, which has outperformed in in recent sessions giving the equity market rout. As such, this leaves USDJPY vulnerable to further losses provided that equities continue to sell-off.

GBP: Brexit talks reached a stand-off over the weekend as issues over the Irish border persist. Consequently, talks between both parties have been placed temporarily on hold ahead of the summit, which in turn had pressured Pound, initially falling below 1.31, before clawing back losses. Source reports noted that the EU is said to accept backstop if it has one of its own as well. Headline risk continues to remain elevated, as such, the Pound has had a somewhat choppy session thus far.

EUR: The CSU (Christian Social Union), the Bavarian sister party to Chancellor Merkel and a key component of Merkel’s fragile coalition government lost its absolute majority. However, this has not fazed the Euro this morning, given that this had largely been expected, alongside this, the second largest party is now the far-left green party as opposed to the far-right Afd party. The Euro largely supported on the back of USD weakness with the pair hovering around the 1.16 handle.

DailyFX Economic Calendar: Monday, October 15, 2018 – North American Releases

USD Holds Support, GBP Choppy on Brexit Stand-Off - US Market Open

DailyFX Webinar Calendar: Monday, October 15, 2018

USD Holds Support, GBP Choppy on Brexit Stand-Off - US Market Open

IG Client Sentiment: USDJPY Chart of the Day

USD Holds Support, GBP Choppy on Brexit Stand-Off - US Market Open

USDJPY: Retail trader data shows 50.6% of traders are net-long with the ratio of traders long to short at 1.02 to 1. The number of traders net-long is 7.9% higher than yesterday and 19.4% higher from last week, while the number of traders net-short is 15.1% lower than yesterday and 38.2% lower 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. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.

Five Things Traders are Reading

  1. UK Week Ahead: Brexit Update and Heavyweight Data | Webinar” Nick Cawley, Market Analyst
  2. Weekly CoT Update: Speculative Selling in Gold Proving Untimelyby Paul Robinson, Market Analyst
  3. GBP Analysis: Brexit Negotiations Gridlocked, Key Issues Remainby Nick Cawley, Market Analyst
  4. Gold Price Analysis: Bulls in Control with Record Shorts at Risk” by Justin McQueen, Market Analyst
  5. USDJPY Breaks Key Trendline as Risk Sentiment Remains Fragile” by Justin McQueen, Market Analyst

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at

Follow Justin on Twitter @JMcQueenFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.