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
Mixed
Wall Street
Bearish
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.36%, while traders in GBP/JPY are at opposite extremes with 69.94%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/KkMtUpOZdy
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: -0.21% Silver: -0.93% Oil - US Crude: -2.65% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/eNQowu5LRj
  • Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since May 05, 2021 08:00 GMT when Germany 30 traded near 15,153.80. A contrarian view of crowd sentiment points to Germany 30 weakness. https://www.dailyfx.com/sentiment https://t.co/1T0AOilLMv
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.08% 🇯🇵JPY: 0.06% 🇨🇦CAD: -0.07% 🇳🇿NZD: -0.26% 🇬🇧GBP: -0.31% 🇦🇺AUD: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9SsLWtxeZI
  • 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: https://t.co/CNtqrKWDBY https://t.co/odJkU3mp5B
  • 🇮🇪 Inflation Rate YoY (APR) Actual: 1.1% Previous: 0% https://www.dailyfx.com/economic-calendar#2021-05-13
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: US 500: -0.34% Wall Street: -0.53% France 40: -1.40% Germany 30: -1.62% FTSE 100: -2.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/9QFO66TbHM
  • $BTC https://t.co/Ai3O9ITqEu
  • Heads Up:🇮🇪 Inflation Rate YoY (APR) due at 10:00 GMT (15min) Previous: 0% https://www.dailyfx.com/economic-calendar#2021-05-13
  • Cryptocurrency sell-off accelerating...sea of red. #btc #bitcoin #rth #ethereum #ltc #xrp @DailyFX Prices via @IGcom https://t.co/nbt2FsI4xp
Guest Commentary: Is GBPJPY Too Good a Trade to Miss?

Guest Commentary: Is GBPJPY Too Good a Trade to Miss?

Ed Matts, MarketVisionTV.com,

* Within broad 117-134 consolidation, Sterling Yen has potential to set another base 200 points higher than the previous 118.80 low.

* With clear resistance at 124.05, we have resold for the final spike down to 120.80.

* But a better risk return will come from buying the drop or a break of 124.05.

Guest_Commentary_Is_GBPJPY_Too_Good_a_Trade_to_Miss_body_GBPJpy1907.png, Guest Commentary: Is GBPJPY Too Good a Trade to Miss?

Sterling Yen remains very clear within the 117-134 consolidation following the dream scenario of making higher lows each time. 116.80 118.80 and this time? Is 122 enough?

Well, following the trend sequence to 122 it was enough certainly to have covered shorts but the three wave and therefore seemingly corrective rally to beyond the 38.2% to the previous 124.05 high and daily trend resistance from 131.70 suggests caution. Indeed since Sterling Yen has now set a clear reversal point we have ventured short again for a loss of 122.85 and 122.00 to open up a potential spike down beyond the 61.8% of 121.45 for the ideal 120.80 backwards target highlighted on the daily perspective and also 200 pips higher again than the previous 118.80 low.

So simply we will cover shorts on this decline looking to buy new lows or a break of 124.05 for at least 125.85 but also that 127.85 confluence target also highlighted on the daily perspective.

Further videos or commentaries are available from www.marketvisiontv.com

Would you like to see more third-party contributors on DailyFX? For questions and comments, please send them to research@dailyfx.com

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

DISCLOSURES