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
  • 🇯🇵 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
  • 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: https://t.co/QszmdZFxlk https://t.co/GyrGov5FMU
Price & Time: Kiwi "Still Dancing"

Price & Time: Kiwi "Still Dancing"

Kristian Kerr, Sr. Currency Strategist

Talking Points

  • USD/JPY nearing neckline of possible head & shoulders pattern
  • SPX records new all-time high
  • NZD/USD overcomes key Fib retracement

New to Currency Trading? Learn More HERE

Foreign Exchange Price & Time at a Glance:

Price & Time Analysis: USD/JPY

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY remains under pressure since failing at the start of the month near a key Gann/Fibonacci confluence in the 102.80 area
  • Our near-term trend bias is lower in the exchange rate while below this level
  • A daily close under 101.60 sould confirm the start of a more meaningful decline in the rate
  • Minor turn windows are seen tomorrow and around the middle of next week
  • A close over 102.80 would turn us positive on USD/JPY

USD/JPY Strategy: Like the short side while below 102.80.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

USD/JPY

101.35

*101.60

101.80

102.35

*102.80

Price & Time Analysis: S&P 500

Charts Created using Marketscope – Prepared by Kristian Kerr

  • S&P 500 broke through a key Fibonacci projection at 1955 yesterday to record a new all-time high
  • Our near-term trend bias remains positive on the index while over 1925
  • The 1970 area is the next potential resistance area of note
  • An important cycle turn window is seen around the middle of next month
  • A daily close under 1925 would turn us negative on the index.

S&P 500 Strategy: Like the long side while over 1925.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

S&P 500

1905

*1925

1955

*1970

1989

Focus Chart of the Day: NZD/USD

Yellen’s comments yesterday were on the dovish side as she effectively said the central bank led liquidity party will continue for the foreseeable future. “High yielding” currencies benefitted sending NZD/USD through key resistance at .8700 to the next Fibonacci retracement (88.6% of the May decline) near .8735. We think Wednesday’s close over .8700 confirms our positive cyclical view (read HERE) on the Bird and should set the stage for a general move higher into the next turn window of importance around the end of the month. Shorter-term cycle studies suggest some minor weakness could be seen around the beginning of next week, but this should just provide an opportunity to add to long positions. Only unexpected aggressive weakness under this week’s low near .8640 would undermine the positive near-term technical structure.

To receive Kristian’s analysis directly via email, please SIGN UP HERE.

--- Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com

To contact Kristian, e-mail instructor@dailyfx.com. Follow me on Twitter @KKerrFX

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

DISCLOSURES