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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
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
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here:
  • (Weekly Technical Outlook) US Dollar Outlook, Key Trend Reversals Playing Out? USD/CAD, AUD/USD, EUR/USD, GBP/USD #USD $USDCAD $AUDUSD $EURUSD $GBPUSD
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
Price & Time: In Search of the Opening Range Breakout in USD/JPY

Price & Time: In Search of the Opening Range Breakout in USD/JPY

Kristian Kerr, Sr. Currency Strategist

Talking Points

  • USD/JPY bounces sharply, but still vulnerable
  • EUR/USD stalls near minor retracement
  • Gold closes above important Gann level

Looking for real time Forex analysis throughout the day? Try DailyFX on Demand.

Foreign Exchange Price & Time at a Glance:

Price & Time Analysis: EUR/USD

PT_Jan_15_body_Picture_3.png, Price & Time: In Search of the Opening Range Breakout in USD/JPY

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD has been in recovery mode since finding support last week just ahead of the 3rd square root relationship of the 2013 high at 1.3540
  • Our near-term trend bias is lower in the Euro while below 1.3800
  • The 1.3540 area remains a critical near-term pivot with weakness below this level needed soon to prompt a continuation of the downtrend
  • The latter half of next week looks to be the next important cycle turn window
  • Only a close over 1.3800 would turn us positive on the Euro

EUR/USD Strategy: Like selling into strength while below 1.3800.


Support 2

Support 1


Resistance 1

Resistance 2







Price & Time Analysis: GOLD

PT_Jan_15_body_Picture_2.png, Price & Time: In Search of the Opening Range Breakout in USD/JPY

Charts Created using Marketscope – Prepared by Kristian Kerr

  • XAU/USD closed over the 1247 2nd square root relationship of the 2013 low on Monday
  • Our near-term trend bias is now higher in the metal
  • The 88.6% retracement of the December range at 1257 is immediate resistance and traction above is needed to further confirm the importance of Monday’s break and set up further upside
  • Caution is required as a cycle turn window is seen over the day or so
  • Only aggressive weakness below the 1st square root relationship of the 2013 low at 1213 would turn us negative on Gold

XAU/USD Strategy: Like being square for a few more days.


Support 2

Support 1


Resistance 1

Resistance 2







Focus Chart of the Day: USD/JPY

PT_Jan_15_body_Picture_1.png, Price & Time: In Search of the Opening Range Breakout in USD/JPY

Some wild price over the past couple of days (for a low vol environment) in the Yen and the Nikkei. Whipsaw is often the name of the game in January as yearly institutional P&Ls are re-set at the start of the month. There is understandably a lot of angst around this time as money managers big and small don’t want to miss out on the first “clear” directional move of the year and start off lagging their respective benchmarks. The psychology in the first month of the calendar year is not unlike the psychology we used to witness in pit traded markets at the open when there would be a few false starts in the first hour of trading leaving a defined range. The break of this range or what market veterans would refer to as an “opening range breakout” would usually lead to the first real directional move of the day. The year’s opening range in USD/JPY after yesterday’s reversal looks set at 105.43 on the topside and 102.84 on the low end. A break of one should prompt that much sought after first “clear” directional move of 2014. We still favor lower given the rate’s double failure at important long-term retracement resistance near 105.50.

To receive other reports from this author via e-mail, sign up to Kristian’s e-mail distribution list via this link.

--- Written by Kristian Kerr, Senior Currency Strategist for

This publication attempts to further explore the concept that mass movements of human psychology, as represented by the financial markets, are subject to the mathematical laws of nature and through the use of various geometric, arithmetic, statistical and cyclical techniques a better understanding of markets and their corresponding movements can be achieved

To contact Kristian, e-mail Follow me on Twitter @KKerrFX

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