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.

Free Trading Guides
EUR/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
Oil - US Crude
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
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
Bearish
GBP/USD
Bearish
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.01%, while traders in US 500 are at opposite extremes with 77.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/nHiTp6tABc
  • #Yuan has been underperforming its #ASEAN peers (SGD, IDR, PHP, MYR) as US-China tensions have been resurfacing (over Hong Kong), as expected. Notice how #USD is flat as the #HangSeng fell. To learn more about CNY-ASEAN trends, check out my special here - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/04/17/Yuan-SGD-IDR-MYR-PHP-China-ASEAN-FX-Price-Trends-Since-2008.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/Dr0BHzuHQQ
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.00% 🇨🇭CHF: -0.04% 🇬🇧GBP: -0.05% 🇳🇿NZD: -0.12% 🇨🇦CAD: -0.14% 🇦🇺AUD: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HdkFaCg7sp
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.79% France 40: 0.78% FTSE 100: 0.72% Wall Street: 0.58% US 500: 0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/tSax36Fh1j
  • So far this week, #CAD has been the best-performing #G10 FX versus #USD this week with +0.62% spot-returns while #JPY has been the worst with -1.12% [delayed] -BBG
  • A close below the low end of the aforementioned trading zone reflects a stronger bearish momentum and may send USD/CAD towards 1.3511. Get your $USDCAD technical analysis from @malkudsi here: https://t.co/NnyNajRjE9 https://t.co/f7fv8EX89F
  • My trading video for today: '$USDCNH Hits Series Record but Neither $AUDUSD nor S&P 500 Follow' https://www.dailyfx.com/forex/video/daily_news_report/2020/05/28/USDCNH-Hits-Series-Record-but-Neither-AUDUSD-nor-SP-500-Follow.html?ref-author=Kicklighter&QPID=917719&CHID=9
  • Silver has been beaten handily by gold in the rush to haven assets inspired by the contagion. However, the gold/silver ratio was rising steadily before this crisis and will probably continue to do so. Get your #silver market update from @DavidCottleFX here:https://t.co/00DiZn6XZS https://t.co/J9vu94TSZo
  • Bank of Korea🇰🇷 - Central bank to actively buy government bonds if needed - Considering various steps to stabilize bond markets (BBG) #coronavirus
  • Bank of Korea says US-China tension would be a downside risk to Korea - BBG Learn more about the impact of geopolitics on financial markets from @ZabelinDimitri - https://www.dailyfx.com/authors/Dimitri_Zabelin
S&P 500 Breaks Key Support, US Dollar Holds Below April Top

S&P 500 Breaks Key Support, US Dollar Holds Below April Top

2012-05-15 01:55:00
Ilya Spivak, Head Strategist, APAC
Share:

THE TAKEAWAY: The S&P 500 cleared major technical support to point the way lower while another strong advance from the US Dollar fell short of overcoming April’s swing top.

S&P 500 – Prices broke through support in the 1339.40-1347.40 area, marked by the 100% Fibonacci expansion and the 38.2% retracement of the rally from the December 19 swing low. Sellers now target the 50% retracement at 1313.00. The 1339.40-1347.40 region is now acting as near-term resistance.

SP_500_Breaks_Key_Support_US_Dollar_Holds_Below_April_Top_body_Picture_5.png, S&P 500 Breaks Key Support, US Dollar Holds Below April Top

Daily Chart - Created Using FXCM Marketscope 2.0

CRUDE OIL Prices took out support at 95.41, with sellers now targeting the December 16 low at 92.51. The 95.41 level has been recast as immediate resistance. Importantly, relative strength studies are their most oversold since early August when prices set a major bottom, hinting at least a corrective bounce may be an increasingly likely scenario near-term.

SP_500_Breaks_Key_Support_US_Dollar_Holds_Below_April_Top_body_Picture_6.png, S&P 500 Breaks Key Support, US Dollar Holds Below April Top

Daily Chart - Created Using FXCM Marketscope 2.0

GOLD Prices broke support at 1570.22, the 61.8% Fibonacci expansion level, exposing the measured target of a Triangle chart pattern carved out since late March at 1548.21. The 1570.22 level has been recast as near-term resistance. A break below 1548.21 aims for the December 29 low at 1522.50, followed by the 1500/oz figure.

SP_500_Breaks_Key_Support_US_Dollar_Holds_Below_April_Top_body_Picture_7.png, S&P 500 Breaks Key Support, US Dollar Holds Below April Top

Daily Chart - Created Using FXCM Marketscope 2.0

US DOLLAR Prices are resting resistance at 10047, the April 5 swing high, with a break above that on a daily closing basis targeting the March 15 top at 10097. Near-term support is at 9994, followed by a falling trend line that previously acted as resistance now at 9955.

SP_500_Breaks_Key_Support_US_Dollar_Holds_Below_April_Top_body_Picture_8.png, S&P 500 Breaks Key Support, US Dollar Holds Below April Top

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.