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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
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
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.29% Gold: -0.41% Silver: -0.70% View the performance of all markets via
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.00% 🇨🇭CHF: -0.11% 🇯🇵JPY: -0.16% 🇨🇦CAD: -0.24% 🇪🇺EUR: -0.30% 🇦🇺AUD: -0.32% View the performance of all markets via
  • 🇫🇷 Unemployment Benefit Claims (DEC) Actual: 0.5K Previous: 36.6K
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: US 500: -0.31% Wall Street: -0.43% FTSE 100: -0.65% France 40: -0.88% Germany 30: -0.92% View the performance of all markets via
  • Ahead of the FOMC tonight Here is a tracker of key Fed comments
  • Can't help but think about Musk's $GME tweet. IIRC, didn't Melvin Capital publicly take a short position on $TSLA years back? Reminds me of the say, "revenge is a dish best served cold."
  • Heads Up:🇫🇷 Unemployment Benefit Claims (DEC) due at 11:00 GMT (15min) Previous: 36.6K
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here:
  • Reminder, the current estimate of the reversal rate is at -1%
  • ECB's Knot says has not reached lower bound, there is room for a rate cut
A Tradable Bounce in the Beaten-Down CAD

A Tradable Bounce in the Beaten-Down CAD

Liam McMahon, Head Forex Trading Instructor

Talking Points:

  • Fundamental Concerns from Bank of Canada (BoC)
  • Finding a Good Trading Counterpart for CAD
  • Attractive Technical Set-up in CAD/CHF

The Canadian dollar (CAD) has been the market’s favorite whipping boy for perhaps the past six months, and the Bank of Canada (BoC) did nothing to reverse that trend this morning, as it expressed concerns about lower inflation.

The BoC expects inflation to remain below target for “quite some time,” and said that downside risks to inflation have increased of late. The BoC also left the door open for more cuts, saying “the timing and direction of the net change to the policy rate will depend on how new information influences this balance of risks.”

Suffice it to say that things aren’t great in Canada, but this had been established already. Personally, I believe the market is getting a little ahead of itself given how much CAD has sold off.

When looking to buy a weak currency, it’s important to find another currency with some fundamental weakness to sell it against, and here enters the Swiss franc (CHF). I’ve been a fan of trying to sell CHF for a long time now, as the Swiss National Bank (SNB) would prefer a weaker franc, and has proven willing to take steps to get it.

USDCHF has broken higher over the past few weeks and looks poised to continue to the upside, which would ideally bring most other CHF crosses higher as well.

Furthermore, there is an attractive technical set-up in CADCHF that bears watching. The pair is nearing the 61.8% Fibonacci retracement level from the pre-intervention lows (back in 2011) to the highs above 0.98, and has been trading in a descending wedge on the daily chart for a while now.

Guest Commentary: Potential CAD/CHF Bounce from Channel Support

A_Tradable_Bounce_in_the_Beaten-Down_CAD_body_GuestCommentary_LiamMcMahon_January22A_1.png, A Tradable Bounce in the Beaten-Down CAD

The pair is approaching that wedge support and showing some significant RSI divergence on the daily chart, providing a nice confluence of supporting factors that make this trade attractive, despite its countertrend nature.

By Liam McMahon Currency Strategist,

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