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
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
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
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
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
  • RT @FxWestwater: #Corn had quite the day, with a big limit-down drop after the USDA #WASDE report forecasted higher ending stocks. https://…
  • Japan plans virus emergency in Hokkaido, Hiroshima and Okayama -BBG
  • The Dow Jones and S&P 500 outlook appears bleak in the near term as retail traders increase their upside exposure. At the same time, these indices confirmed bearish technical warning signs. Get your market update from @ddubrovskyFX here:https://t.co/fKCHELbOxo https://t.co/9C6i6IHqCr
  • USD/CHF May Reverse Downtrend if Falling Wedge Plays Out - #USDCHF chart https://t.co/6VXrYbCodi
  • The Euro's technical posture against the US Dollar, Japanese Yen and Australian Dollar shows potential for near-term directional shifts. Here are the EUR/USD, EUR/AUD and EUR/JPY levels to watch. Get your $EUR market update from @FxWestwater here:https://t.co/7rW8FGPBUt https://t.co/Lu6KAC3YzQ
  • #Dogecoin up over 13% as Elon Musk tweets he is working with #Doge devs to improve system transaction efficiency, adding it is 'potentially promising' This is a day after #Tesla suspended Bitcoin payments for vehicle purchases, courtesy of @FxWestwater - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/05/12/Bitcoin-BTC-Plunges-on-Tesla-Bitcoin-Suspension-AUDUSD-Spars-USD-Strength.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/NlPFPbGGSL
  • RT @Yeap_IG: Historical 10-2 #Treasury spread after each recession may suggest further room for upside for 10-year #yield from current leve…
  • 10 out of 11 S&P 500 sectors ended higher, with 88.1% of the index’s constituents closing in the green. Industrials (+1.90%), financials (+1.87%) and utilities (+1.79%) were among the best performers, whereas energy (-1.35%) trailed behind. https://t.co/HUPMnYAEsL
  • US Dollar Outlook: DXY Index Eyes Retail Sales Data, Yields -via @DailyFX Link to Full Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2021/05/13/us-dollar-outlook-dxy-index-eyes-retail-sales-data-yields.html $USD #Forex #Trading https://t.co/10Hb8pYSp1
  • 🇳🇿 Business NZ PMI (APR) Actual: 58.4 Previous: 63.6 https://www.dailyfx.com/economic-calendar#2021-05-13
Price & Time: Looking To The Fed For Direction

Price & Time: Looking To The Fed For Direction

Kristian Kerr, Sr. Currency Strategist

Talking Points

Get real time volume on your charts for free. Click HERE

Foreign Exchange Price & Time at a Glance:

Price & Time Analysis: EUR/USD

Price & Time: Looking To The Fed For Direction

ChartPrepared by Kristian Kerr

  • EUR/USDcontinues to consolidate below the 78.6% retracement of the May range at 1.1330
  • Our near-term trend bias is higher in the exchange rate while above 1.1160
  • Traction above 1.1330 is needed to set off the next leg higher in the rate
  • A turn window of some importance is seen Thursday/Friday
  • A close below 1.1160 would turn us negative again on the euro

EUR/USD Strategy: Like the long side while above 1.1160

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

EUR/USD

*1.1160

1.1240

1.1260

*1.1330

1.1390

Price & Time Analysis: NZD/USD

Price & Time: Looking To The Fed For Direction

ChartPrepared by Kristian Kerr

  • NZD/USD fell to a new multi-year low today
  • Our near-term trend bias is lower in the Kiwi while below .7000
  • Minor support is eyed around .6900 ahead of an importantg Fibonacci extension at .6805
  • A turn window of some importance is seen here
  • A daily close back above .7000 would turn us positive on the Bird

NZD/USD Strategy: Square for now.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

NZD/USD

*.6805

.6900

1.5615

*.7000

.7110

Focus Chart of the Day: USDOLLAR

Price & Time: Looking To The Fed For Direction

The FX markets have clearly been confused over the past few weeks on where USD is headed in a medium-term sense. The price action in the FXCM US Dollar Index (equally weighted basket of USD versus EUR, JPY, GBP & AUD) has reflected this with sharp moves recently in both directions. Hopefully today’s Fed meeting will break the directional deadlock and shed some light on where USD is headed. The double failure recently near the 78.6% retracement of the April – May decline puts the index in a negative position heading into today, but we would need to see a close under last week’s low and probably the 61.8% retracement of the May – June advance at 11,790 to get more excited about a material dollar decline. The 50-day moving average near 11,900 looks to be a near-term upside pivot for USDOLLAR.

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

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

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 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