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
Oil - US Crude
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
More View more
Real Time News
  • The US Dollar is broadly stronger on the session with the latest flash PMI report from @IHSMarkit underscoring inflation pressures ahead of next week's Fed announcement. $DXY facing psychological resistance at the 93.00-handle, though. Link to Analysis - https://www.dailyfx.com/forex/market_alert/2021/07/23/us-dollar-firms-as-pmi-data-echoes-inflation-risk-cue-the-fed.html https://t.co/SzMzzxoYzN
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.04% 🇪🇺EUR: -0.05% 🇬🇧GBP: -0.10% 🇨🇭CHF: -0.18% 🇦🇺AUD: -0.18% 🇯🇵JPY: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/RykiRciAsZ
  • ECB's Weidmann: - New ECB goal does not mean there will be markedly higher inflation
  • ECB's Weidmann: - I expect inflation rates in Germany to rise to 5% by the end of 2021 - Governing council believes that expansive monetary policy is acceptable at the moment
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: US 500: 0.74% Wall Street: 0.51% Germany 30: -0.03% France 40: -0.08% FTSE 100: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/iXJHlexTlA
  • USD/MXN trades directionless, oscillating between small gains and losses, near the 20.15 area. Get your $USDMXN market update from @DColmanFX here:https://t.co/FFr3rlGh6n https://t.co/7tniccl9S8
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.02% 🇪🇺EUR: -0.06% 🇬🇧GBP: -0.12% 🇨🇦CAD: -0.22% 🇦🇺AUD: -0.23% 🇯🇵JPY: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LZfExkLfjB
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 1.31% Germany 30: 0.97% FTSE 100: 0.82% US 500: 0.57% Wall Street: 0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/gUKOWwsere
  • The July flash PMIs from Markit don't paint the most encouraging picture. The US and UK composite activity measures have slide, the Eurozone's has actually advanced and Australia's has tumbled. Despite this picture, SPX just off its record https://t.co/HrcdPASU9Q
  • The July PMIs haven't triggered late-in-the-week volatility which leaves the likes of the $SPX just off its record. DailyFX's @JohnKicklighter discusses weekend and what's ahead 👇 https://t.co/oB9i7XAXCz
S&P 500 Probes Higher as US Dollar Sinks Back to Range Support

S&P 500 Probes Higher as US Dollar Sinks Back to Range Support

Ilya Spivak, Head Strategist, APAC

THE TAKEAWAY: The S&P 500 is back on the offensive with prices pushing through near-term resistance while the US Dollar has slumped back to last week’s range support.

S&P 500 – Prices are testing above support-turned-resistance at a falling trend line set from mid-April, with a break higher exposing barriers at 1357.40 and 1392.10. The trend line is now at 1330.50 and would be recast as support in a breakout scenario. The 1265.30-1292.90 remains as the first significant hurdle to the downside in the meantime.

SP_500_Probes_Higher_as_US_Dollar_Sinks_Back_to_Range_Support_body_Picture_5.png, S&P 500 Probes Higher as US Dollar Sinks Back to Range Support

Daily Chart - Created Using FXCM Marketscope 2.0

CRUDE OIL Prices are consolidating between the June 7 high at 87.00 and the 14.6% Fibonacci expansion at 83.30. A break above resistance exposes the 90.00 figure. Alternatively, a push through support targets the 23.6% Fib at 81.07.

SP_500_Probes_Higher_as_US_Dollar_Sinks_Back_to_Range_Support_body_Picture_6.png, S&P 500 Probes Higher as US Dollar Sinks Back to Range Support

Daily Chart - Created Using FXCM Marketscope 2.0

GOLD Prices are probing above resistance at 1599.17, the 50% Fibonacci retracement, after carving out a Hammer candlestick above support at 1582.10 marked by the 38.2% level. A break higher sees the next significant barrier at 1616.23, the 61.8% Fib.

SP_500_Probes_Higher_as_US_Dollar_Sinks_Back_to_Range_Support_body_Picture_7.png, S&P 500 Probes Higher as US Dollar Sinks Back to Range Support

Daily Chart - Created Using FXCM Marketscope 2.0

US DOLLAR Prices are once again testing support in the 10134-43 area, with a break lower opening the door for a challenge of the 38.2% Fibonacci expansion at 10066. Near-term resistance lines up at 10220, the 61.8% Fib.

SP_500_Probes_Higher_as_US_Dollar_Sinks_Back_to_Range_Support_body_Picture_8.png, S&P 500 Probes Higher as US Dollar Sinks Back to Range Support

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