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
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Mixed
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
  • Crude Oil Prices Surge to 32-Month High on Demand Optimism https://www.dailyfx.com/forex/market_alert/2021/06/14/Crude-Oil-Prices-Surge-to-32-Month-High-on-Demand-Optimism-.html https://t.co/V4rMSORUVh
  • 🇯🇵 Industrial Production YoY Final (APR) Actual: 15.8% Previous: 3.4% https://www.dailyfx.com/economic-calendar#2021-06-14
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 76.03%, while traders in France 40 are at opposite extremes with 86.63%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7kaHb1d6UW
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.18% 🇨🇦CAD: 0.06% 🇦🇺AUD: 0.02% 🇯🇵JPY: -0.09% 🇪🇺EUR: -0.09% 🇨🇭CHF: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/R27enQXtSt
  • Heads Up:🇯🇵 Industrial Production YoY Final (APR) due at 04:30 GMT (15min) Previous: 3.4% https://www.dailyfx.com/economic-calendar#2021-06-14
  • Gold Prices Fall as Fed Balance Sheet Hits $8 Trillion, Reverse Repo Surges https://www.dailyfx.com/forex/market_alert/2021/06/14/Gold-Prices-Fall-as-Fed-Balance-Sheet-Hits-8-Trillion-Reverse-Repo-Surges.html https://t.co/ctHrf1SrHj
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.31% France 40: 0.31% Germany 30: 0.21% US 500: 0.11% Wall Street: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/NYj5rbM6DD
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/HDRvm345Gz
  • 🇨🇳 FDI (YTD) YoY (MAY) Actual: 35.4% Previous: 38.6% https://www.dailyfx.com/economic-calendar#2021-06-14
  • (ASEAN Weekly) US Dollar Technical Outlook: USD/SGD, USD/THB, USD/IDR, USD/PHP $USDSGD $USDTHB $USDIDR $USDPHP #USD #ASEAN https://www.dailyfx.com/forex/technical/article/special_report/2021/06/14/US-Dollar-Technical-Outlook-USDSGD-USDTHB-USDIDR-USDPHP.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/mMqdANiExD
Gold Selling Expected Ahead, US Dollar Uptrend Still Intact for Now

Gold Selling Expected Ahead, US Dollar Uptrend Still Intact for Now

Ilya Spivak, Head Strategist, APAC

Talking Points:

Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. **

US DOLLAR TECHNICAL ANALYSIS – Prices turned lower after the FOMC policy announcement but long-term trend support from July 2011 (10431) remains intact. This barrier is reinforced by a falling channel bottom at 10424. Breaking below that on a daily closing basis would suggest a major reversal in progress and expose double bottom support at 10375.Resistance remains in the 10474-95 area, with a turn above that clearing the way for another challenge of the May 28 high at 10531.

Gold Selling Expected Ahead, US Dollar Uptrend Still Intact for Now

Daily Chart - Created Using FXCM Marketscope 2.0

** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.

S&P 500 TECHNICAL ANALYSISPrices accelerated upward, setting a new record high. Near-term resistance lines up at 1961.50, the 38.2% Fibonacci expansion, with a break above that aiming for the top of a rising channel set from mid-April at 1968.50. Emerging negative RSI divergence warns of ebbing upward momentum however and hints a reversal lower may be in the cards ahead. A turn below the 23.6% level at 1947.80 targets the 14.6% Fib at 1939.30.

Gold Selling Expected Ahead, US Dollar Uptrend Still Intact for Now

Daily Chart - Created Using FXCM Marketscope 2.0

GOLD TECHNICAL ANALYSIS – Prices are stalling below support-turned-resistance at 1277.00, the underside of a recently broken Triangle formation, but a Bearish Engulfing candlestick pattern continues to argue for weakness ahead. Near-term support is at 1248.96, the 23.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the June 3 low at 1240.23 and the 38.2% level at 1226.81. Alternatively, a move above 1277.00 eyes the Triangle top at 1284.39.

Gold Selling Expected Ahead, US Dollar Uptrend Still Intact for Now

Daily Chart - Created Using FXCM Marketscope 2.0

CRUDE OIL TECHNICAL ANALYSIS – Prices pulled back as expected following a series of back-to-back indecision candles.Support comes in at 105.96, the 76.4% % Fibonacci expansion. A reversal below that initially aims for the 61.8% level at 105.12.Alternatively, a move above resistanceat 107.32, the 100% Fib, targets the 123.6% level at 108.68.

Gold Selling Expected Ahead, US Dollar Uptrend Still Intact for Now

Daily Chart - Created Using FXCM Marketscope 2.0

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

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES