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
Bearish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
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
  • Bitcoin and Ethereum look set to climb higher in the near term, as Citigroup and Goldman Sachs prove additional validation to the cryptocurrency market. Get your market update from @DanielGMoss here:https://t.co/uqdtJGoz1E https://t.co/b7Tz2ni9El
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.27% Silver: -0.06% Gold: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/KVqNqaKSBq
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.14% 🇬🇧GBP: 0.06% 🇳🇿NZD: 0.04% 🇪🇺EUR: -0.04% 🇨🇭CHF: -0.06% 🇯🇵JPY: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/eF87BJdT4j
  • British Pound Price Forecast: GBP/USD, GBP/JPY, GBP/CHF, EUR/GBP - https://www.dailyfx.com/forex/technical/home/analysis/gbp-usd/2021/03/03/British-Pound-Price-Forecast-GBPUSD-GBPJPY-GBPCHF-EURGBP.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $GBP $EURGBP $GBPUSD $GBPCHF $GBPJPY https://t.co/qt3954gQ53
  • (Analyst Pick) Japanese Yen Outlook: USD/JPY May Fall But Broader Path Remains Bullish #Yen $USDJPY #JPY https://www.dailyfx.com/forex/analyst_picks/todays_picks/daniel_dubrovsky/2021/03/03/Japanese-Yen-Outlook-USDJPY-May-Fall-But-Broader-Path-Remains-Bullish.html?ref-author=Dubrovsky&QPID=917702&CHID=9 https://t.co/bGlHiuTCBn
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.52%, while traders in Germany 30 are at opposite extremes with 71.77%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/2Gl2SlMure
  • Update on #Cryptocurrencies #BITCOIN +2.89% #BITCOINCASH +3.09% #ETHEREUM +3.88% #RIPPLE +1.65% #LITECOIN +5.79%
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/GVZ0RT2Zh3
  • BoJ's Kataoka: Hard to see inflation nearing 2% Will keep making utmost effort toward price target - BBG #BoJ $JPY
  • 🇨🇳 Caixin Services PMI (FEB) Actual: 51.5 Previous: 52.0 https://www.dailyfx.com/economic-calendar#2021-03-03
Guest Commentary: Want to Make 'Big Profits' on AUD/USD? Buy Yourself a Comfortable Chair!

Guest Commentary: Want to Make 'Big Profits' on AUD/USD? Buy Yourself a Comfortable Chair!

Ed Matts, Technical Strategist
Guest_Commentary_Want_to_Make_Big_Profits_on_AUDUSD_Buy_Yourself_a_Comfortable_Chair_Ed_Matts_body_Picture_1.png, Guest Commentary: Want to Make 'Big Profits' on AUD/USD? Buy Yourself a Comfortable Chair!

Jesse Livermore once said it wasn't "the thinking that made him big money but the sitting." And we have done a lot of sitting since the Aussie retested and ultimately failed the key 1.0575-1.0620 medium term triangle resistance.

So having maintained the break of the pivotal 1.0490 the Aussie has followed the two previous triangle tops to hit the initial 1.0395 short term target. Now this should be enough for a short term corrective recovery back through 1.0430 to 1.0460 the 38.2% retracement within a pivotal but bearish 1.0390-1.0490 consolidation.

So we are reducing shorts today below 1.04 and will be tempted to resell the rally against 1.0490. However beware the Sierpinski's triangle within a triangle highlighted on the daily perspective and the continued collapse in volatility before the Aussie can really threaten 1.0150. A break down then later this week the previous 1.0345 low will probably end the current triangle downswing and threaten further 1.0345-1.06 consolidation and another retest of the 1.0575-1.06 triangle resistance. If we don't completely square shorts closer to 1.0345 we may to buy a more comfortable chair.

Further videos or commentaries are available from ww.marketvisiontv.com or @EdMatts on Twitter.

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