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.

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
Bullish
Gold
Mixed
GBP/USD
Mixed
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
  • Fed Chair Powell: - Haven't yet seen the labor market scarring we were concerned about - Labor market has come back faster and bankruptcies have been lower than anticipated - Prospect to get back to a much better place in the second half of the year #Fed $USD
  • $AUDUSD has surged by over 40-pips over the last two hours, taking out the prior session highs. This move pushed the pair to a high of 0.7945, a new highest level since early 2018. $AUD $USD https://t.co/8iSZY4RHQC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.49%, while traders in Wall Street are at opposite extremes with 75.93%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Kvis4fAcuC
  • Heads Up:🇺🇸 Fed Clarida Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-02-24
  • Fed Chair Powell: - The public and the world have confidence in the dollar #Fed $USD
  • The RBNZ noted that operational work to enable the OCR to be taken negative if required has now been complete. Get your $NZD market update from @JMcQueenFX here:https://t.co/R1UTWCHdqT https://t.co/2v0yTvBorT
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.50% Silver: 0.33% Gold: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/eJbD5UV2zK
  • Fed Chair Powell: - We are not acting on forecasts with regards to our policy, only actual data - There is reason for optimism for 2H 2021 if we control the virus #Fed $USD
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.85% 🇨🇦CAD: 0.45% 🇦🇺AUD: 0.33% 🇪🇺EUR: -0.06% 🇨🇭CHF: -0.25% 🇯🇵JPY: -0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8HJgkiaCXO
  • Fed Chair Powell - Drawdown in Treasury account at Fed could lower rates $USD
The Weekly Volume Report: Low Volume Rally In USD/JPY

The Weekly Volume Report: Low Volume Rally In USD/JPY

Kristian Kerr, Sr. Currency Strategist

Talking Points

  • USD/CAD rallies to 6-year highs
  • USD/JPY advance sharply but on low turnover

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

Daily Volume Chart: EUR/USD

The Weekly Volume Report: Low Volume Rally In USD/JPY

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD fell to its lowest level since late May this past week
  • However, below average volume on the decline is concern and unsupportive of a broader decline
  • The contraction in daily OBV suggests a volume spike is looming
  • A close back over 1.1215 on above average volume is needed to turn the outlook positive again on the euro

Daily Volume Chart: USD/JPY

The Weekly Volume Report: Low Volume Rally In USD/JPY

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY moved steadily higher this past week to trade at its highest level in three weeks
  • However, low volume on the move higher is unsupportive of a broader advance
  • The modest move higher in daily OBV is also a concern
  • A close under 122.00 on above average volume would turn us negative on the pair

Daily Volume Chart: USD/CAD

The Weekly Volume Report: Low Volume Rally In USD/JPY

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/CAD broke above the March high to trade at its highest level in more than six years
  • Well above average on the break to new highs is supportive of the advance
  • New highs in daily OBV is also supportive of the broader uptrend
  • A daily close back under 1.2725 on above average volume is needed to turn the outlook negative on USD/CAD

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