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
Bullish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Mixed
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
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
  • House Financial Services Committee schedules second GameStop hearing for March 17 - BBG $GME
  • Speaker Pelosi says minimum wage increase will not be removed from House Covid bill - BBG
  • Asia-Pacific equities opened broadly lower amid a 'risk off' sentiment following a sour lead from Wall Street overnight. Rising yields and a stronger US Dollar exerted downward pressure over risk assets. https://www.dailyfx.com/forex/market_alert/2021/02/26/Dow-Jones-Falls-on-Rising-Yields-ASX-200-Nikkei-225-Tumble-.html https://t.co/3p7prANkLA
  • The Australian Dollar looks poised to outperform the haven-associated US Dollar and Japanese Yen. However, it may lose ground to the New Zealand Dollar. Key levels for AUD/USD, AUD/JPY and AUD/NZD.Get your $AUD market update from @DanielGMoss here:https://t.co/cuxRxl5WaF https://t.co/MD0ppnO7t6
  • RT @FxWestwater: $NZDUSD, $NZDJPY React as Soaring Treasury Yields Skew Market Risk Profile Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/02/26/NZDUSD-NZDJPY-React-as-Soaring-Treasury-Yields-Skew-Market-Risk-Profile.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr $TNX https://t.c…
  • Biden authorized strikes on Iran-backed militant groups. Strike was in response to attacks on US, coalition forces -BBG citing DOD #CrudeOil
  • The commodity-sensitive Canadian Dollar may continue outperforming its major counterparts in the coming weeks. USD/CAD, CAD/CHF, CAD/JPY and EUR/CAD key levels to watch. Get your market update from @DanielGMoss here:https://t.co/KYdUv2lpFC https://t.co/ZZUJ4AZEhc
  • Market Snapshot: Risk aversion is deepening as Friday APAC trade gets going $NZDUSD and $AUDUSD sinking Following declines in #SP500 and #Nikkei225 futures #USD broadly higher, anti-risk Japanese #Yen as well US 10-Year Treasury rates remain higher https://t.co/gQ50vS73P0
  • RBNZ's Orr: To consider settings against types of home lending, financial stability policies can help government housing objectives -BBG
  • RBNZ's Orr: Only focused on inflation, employment targets -BBG
AUD, NZD Outperforms, US Rates Rally Hits Tech Stocks  - US Market Open

AUD, NZD Outperforms, US Rates Rally Hits Tech Stocks - US Market Open

Justin McQueen, Analyst

USD, EUR/USD, USD/JPY Analysis & News

  • AUD, NZD Outperforms on Base Metals Surge
  • GBP Maintains 1.40 as UK Looks to Lift Restrictions
  • US Rates Hits Tech Stocks

QUICK TAKE: AUD, NZD Outperforms, US Rates Rally Hits Tech Stocks

Equities: Equity markets are beginning the week on the backfoot with tech stocks among the notable laggards as US rates continue its rally. The question being debated now is how far can US rates rise until the equities start to feel significant pressure. S&P 500 futures had broken below the support area (3880-3900) that had underpinned the index for much of last week, the next level on the downside is the 20DMA at 3863.

S&P 500 Chart: Hourly Time Frame

AUD, NZD Outperforms, US Rates Rally Hits Tech Stocks  - US Market Open

Euro Stoxx 50 Sector Breakdown

Outperformers:Energy (0.3%), Financials (0.1%),Healthcare (-0.1%)

Laggards: Technology (-2.2%), Consumer Staples (-1%), Utilities (-0.9%)

US Futures: S&P 500 (-0.6%), DJIA (-0.5%), Nasdaq 100 (-1.1%)

Intra-day FX Performance

AUD, NZD Outperforms, US Rates Rally Hits Tech Stocks  - US Market Open

FX: Choppy performance across the FX space with initial USD gains paring throughout the European session. Antipodeans are off to strong start as the reflation narrative continues to take shape. Strong gains in base metals has helped underpin the Aussie, which briefly broke above 0.7900, while NZD looks to RBNZ (full analysis here).

Bullish momentum in the Pound has shown little signs of easing up as GBP/USD maintains a foothold above 1.40. UK PM Johnson is set to announce a roadmap to lifting restrictions (full report)

GBP/USD BEARISH
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -13% -16% -14%
Weekly 14% -29% -16%
What does it mean for price action?
Get My Guide

Commodities: Gold has managed to reclaim the 1800 level as the pullback in the US Dollar lends support, while the easing of US yields in recent trade has also provided modest support. That said, risks continue to remain tilted to the downside, with resistance at 1830-40 likely to cap further upside in the precious metal.

Looking ahead: Little left on the economic calendar, however, focus will be on tomorrow’s testimony by Fed Chair Powell.

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

DISCLOSURES