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
Bearish
Wall Street
Bullish
Gold
Bearish
GBP/USD
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
USD/JPY
Bullish
More View more
Real Time News
  • USD/CAD rates may have experienced a failed bullish breakout, having returned back into the descending channel dating back to November 2020. Get your market update from @CVecchioFX here:https://t.co/7RbRmi0YQE https://t.co/by9PHuwXUB
  • The Nasdaq 100 and S&P 500 has hit fresh record highs to start the day, but momentum is lacking. DailyFX Chief Strategist @JohnKicklighter speaks to the markets and the Fed Stress Test results. https://t.co/kFKlacgRkF
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.10% 🇳🇿NZD: 0.05% 🇪🇺EUR: -0.03% 🇨🇭CHF: -0.08% 🇨🇦CAD: -0.17% 🇬🇧GBP: -0.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/VPsYjn0wBo
  • The rally in the price of oil seems to be sputtering as the Relative Strength Index (RSI) falls back from overbought territory. Get your market update from @DavidJSong here:https://t.co/Jsj6i3olFX https://t.co/TxElAkFbrb
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 1.33% Wall Street: 0.83% Germany 30: 0.68% US 500: 0.67% FTSE 100: 0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/KCyB86yVTj
  • Heads Up:🇺🇸 Fed Williams Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-24
  • HSBC expect the BoE to raise interest rates by 15bps to 0.25% in May 2022 and 25bps to 0.5% in November 2022 $GBP
  • As the Dollar ($DXY) continues to consolidate after last week's rally, the market's rate forecast via Fed Funds futures (through end 2022) is pricing in most hawkish view since Mar 18, 2020 at 23 bps worth of tightening between now and then https://t.co/ZgknI0hf39
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.85% Gold: 0.27% Oil - US Crude: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5UDOKqOZlT
  • Amazon has been in a fairly consistent range since last August $AMZN over the past week buyers have been driving deeper within resistance zone, ath just above at 3552 https://t.co/Y2BJFHHpsc
US Dollar Topping Warning Remains, SPX 500 Finds Interim Support

US Dollar Topping Warning Remains, SPX 500 Finds Interim Support

Ilya Spivak, Head Strategist, APAC

Talking Points:

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

US DOLLAR TECHNICAL ANALYSIS – Prices may be topping as prices produce a Shooting Star candlestick after setting a fresh 2014 high.A daily close below the 61.8% Fibonacci expansion at 10800 exposes the 10756-65 area marked by the January 2014 high and the 50% level. Alternatively, a push above the 76.4% Fib at 10844 clears the way for a test of the 100% expansion at 10914.

US Dollar Topping Warning Remains, SPX 500 Finds Interim Support

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 are testing support at 1984.60, the 23.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 38.2% level at 1967.30. Alternatively, a reversal above the September 3 high at 2012.60 targets the upper boundary of the index’s long-term uptrend at 2037.50.

US Dollar Topping Warning Remains, SPX 500 Finds Interim Support

Daily Chart - Created Using FXCM Marketscope 2.0

GOLD TECHNICAL ANALYSIS – Prices are testing falling channel support at 1245.13, with a break below that on a daily closing basis exposing the 38.2% Fibonacci expansion at 1239.98. Alternatively, a turn above the 23.6% level at 1252.82 targets the 14.6% Fib at 1260.73.

US Dollar Topping Warning Remains, SPX 500 Finds Interim Support

Daily Chart - Created Using FXCM Marketscope 2.0

CRUDE OIL TECHNICAL ANALYSIS – Prices broke support at 99.91, the 23.6% Fibonacci expansion. Sellers are now testing 97.77, the intersection of the 38.2% level and a falling channel floor, with a further push below that exposing the 50% Fib at 96.04. Alternatively, a reversal back above 99.91 aims for the channel top at 101.71.

US Dollar Topping Warning Remains, SPX 500 Finds Interim Support

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