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
EUR/USD
Mixed
Oil - US Crude
Bullish
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
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.81%, while traders in Germany 30 are at opposite extremes with 65.02%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/nFlMXsEQor
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/UalZ8cRSXB https://t.co/p7l6voNLTR
  • #DJIA futures eyeing a retest of the February record-high (29595.3) after breaking above Falling Wedge resistance A daily close above the January low (28130.2) could signal the resumption of the primary uptrend extending from the March doldrums $DJI #DowJones #WallStreet https://t.co/DKmECFfpGK https://t.co/IBuArQrIJQ
  • @DailyFXTeam Wall Street Futures Update: Dow Jones (+0.32%) S&P 500 (+0.35%) Nasdaq 100 (+0.37%) [delayed] -BBG
  • #Market Snapshot $AUDUSD and $EURUSD drifting from session-highs as the haven-associated $JPY attempts to claw back lost ground. #SP500 futures, #Gold and #crudeoil all moving higher while the #ASX200 struggles to penetrate key resistance at 6,000 https://t.co/07OdgCzeZD
  • Join @DanielGMoss's #Webinar at 10:00 PM ET/2:00 AM GMT for his weekly coverage of trading prep for $AUDUSD in the week ahead. Register here: https://t.co/wi1qabrtHJ https://t.co/yUfAnqiYEs
  • Dow Jones climbed a second day on fiscal stimulus hopes. All 9 Dow sectors were up. Traders face a quiet calendar day, with the 1st presidential debate closely eyed. The live TV debate will be on air from 9:00 to 10:30am Singapore time on Wednesday. https://t.co/vyVHRqDCMo
  • According to John Hopkins University, Coronavirus deaths globally have surpassed 1 million people
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here: https://t.co/QQwAZTxZFg https://t.co/7meK4cF0U9
  • ❗Heads up for #Rupee $USDINR traders! The #RBI monetary policy announcement originally set for October 1 is going to be rescheduled at a later date, tbd, Will update once time is known - https://t.co/qVnd9BAnSl
US Dollar Sets 3-Year High, S&P 500 May Turn Lower

US Dollar Sets 3-Year High, S&P 500 May Turn Lower

2013-07-03 04:40:00
Ilya Spivak, Head Strategist, APAC
Share:

THE TAKEAWAY: The US Dollar pushed above May’s swing top to set a 3-year high. The S&P 500 may be ready to turn lower, ending the recovery launched last week.

Capitalize on Shifts in Market Mood with the DailyFX Speculative Sentiment Index.

US DOLLAR TECHNICAL ANALYSIS – A break above resistance at 10876, the late-May swing top, has exposed the 123.6% Fibonacci extension at 10973 as the next upside objective. The 10876 mark has been recast as near-term support, with a reversal back beneath that eyeing the 76.4% levelat 10781.

Forex_US_Dollar_Sets_3-Year_High_SP_500_May_Turn_Lower_body_Picture_5.png, US Dollar Sets 3-Year High, S&P 500 May Turn Lower

Daily Chart - Created Using FXCM Marketscope 2.0

S&P 500 TECHNICAL ANALYSIS – Prices corrected higher as expected after putting in a bullish Piercing Line candlestick pattern. A Doji candle below trend line support-turned-resistance set from late February (1619.30) now points to indecision and warns renewed selling may be ahead. Near-term support is at 1595.80, the 23.6% Fibonacci expansion, with a break below that targeting the 38.2% level at 1577.10. Alternatively, a move above resistance aims for a recently broken upward-sloping barrier established from mid-November 2012 (1634.90).

Forex_US_Dollar_Sets_3-Year_High_SP_500_May_Turn_Lower_body_Picture_6.png, US Dollar Sets 3-Year High, S&P 500 May Turn Lower

Daily Chart - Created Using FXCM Marketscope 2.0

GOLD TECHNICAL ANALYSIS Prices turned higher after putting in a Bullish Engulfing candlestick pattern. A break above the 23.6% Fibonacci retracement (1237.63) has exposed the 38.2% level at 1273.19. A further push above that aims for the 50% Fib at 1301.93. The 1237.63 mark has been recast as near-term support, with a drop back beneath that targeting the June 28 low at 1180.15.

Forex_US_Dollar_Sets_3-Year_High_SP_500_May_Turn_Lower_body_Picture_7.png, US Dollar Sets 3-Year High, S&P 500 May Turn Lower

Daily Chart - Created Using FXCM Marketscope 2.0

CRUDE OIL TECHNICAL ANALYSIS An expected rebound from rising trend line support has aggressively accelerated, with prices testing above resistance at the 61.8% Fibonacci expansion (101.07) to target the 76.4% level (103.06). Near-term support is at the psychologically significant 100.00 figure, followed by the 50% Fib (99.47).

Forex_US_Dollar_Sets_3-Year_High_SP_500_May_Turn_Lower_body_Picture_8.png, US Dollar Sets 3-Year High, S&P 500 May Turn Lower

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, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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

DISCLOSURES